cshenk wrote:
> Alex wrote:
>
>> cshenk wrote:
>>> Alex wrote:
>>> I don't have many but the main one is still netting me 8% return.
>> That's a good number.Â* Better than 1/10th of 1% in a savings account!
> Yup. A managed investment left from when I was working for CSC.
> Diversified long term with lower risk values. It held through all the
> shenanigans of COVID market variables. It's not terribly big but the
> 8% was 3,000$ in 2020 that I would not have had.
>
> Best I can tell if you held even in 2020, you are ahead of most. Mine
> netted 8% so I'm happy. Heck, I'd have been happy with .80 profit after
> that debacle of a year!
>
> I have a few risky ones (none big) and quite a few in CD's (assured
> return but interest varies on maturity as it rolls back over and right
> now .60 is mostly it) and essential savings enough for a roof job.
>
> I know you don't get rich off CDs but it's a decent starting point and
> if you rack them well, you can get good protected income for later. At
> need, I can pull 1,000$ a month for about 4 years just from them which
> punches me to age 65 and leaves me a 2 year gap to 67 for social
> security max. Then theres the other stuff like the one earning 8% and
> a risky one that hit 10% (but may wipe itself out any day) and a long
> term IRA not earning more than a regular savings account but 24,000$
> strong and backed so can't lose it. Oh and TSP not bad but only 20K in
> it (running 4%).
>
> I'm no millionaire, but we will be ok. When I hit 62, I am pretty sure
> we can swap Don's Social Security to draw as my spouse and he nets 300$
> more a month it seems.
>
> I plan a very simple test. I will see what it looks like if I bank my
> entire GS paycheck for a month and see what shortfalls are there. My
> guess is about 400$ with no changes to current habits. I could well be
> wrong though. Worst that happens is 5K more in CDs and some reduction
> of the liquid volume just in savings waiting for a roofing job or
> something big like that.

There are some high interest savings accounts that pay better than long
term CD's with the ability to withdraw without a penalty at any time.Â* I
keep some money on hand he

https://www.synchronybank.com/banking/?UISCode=0000000

There might be others with marginally better returns right now (maybe
Ally?) but I have used Synchrony for years - back to the good old days
of 2.75% when my bank was still .1%