[QUOTE=mrf0151;2270219]
Quote:
Originally Posted by dewilson58
Not sure who told you a 13 year breakeven.
Simple Example:
You could ladder out CD's and get over 5%.
If you are getting 5% on your $265k and you take out $1675 per month......you will have over $75,000 left after 13 years.
So you are saying CD's will hold at 5% or better over 13 years? Really?
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The CD's should hold and may go even higher. Remember that mortgage rates are returning to normal levels and the days of "free money mortgages" are, hopefully, behind us. FDIC products are much more appealing than annuities which may go under.