Personal Investments • CDs or money market

Since you will be spending the money over a two year period, you can keep half of it in the MM fund and the other half in a one-year CD. That would protect half the money from an interest rate drop during the first year.

Good idea! Also, this has me thinking about where to pull the cash from. Everyone says to leave the Roth alone as long as possible - but that's where I was putting my bridge year(s) money. So I may bite the bullet and take it out.

If me, I'd take that bridge money mostly from taxable or tax-deferred, and leave the Roth alone, as it's growth will be tax free.

When I and DW retired, I was at full retirement age (66) but DW was 65. I used extra deferred $, which had been my 401K but rolled to an IRA, to bridge her SS amount for 10 months.

Statistics: Posted by RetiredAL — Sun Dec 15, 2024 8:46 am — Replies 7 — Views 305

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