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If you had a million in cash today...
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Boone & Crockett
Posted 11/24/2022 16:29 (#9948114 - in reply to #9948097)
Subject: RE: If you had a million in cash today...


Gonna wait out decembers fed meeting, expecting a 1/2 point move up again, then gonna lock in a bunch in tax deffered,fixed annuities, current rate is 5.6%, will be able to lock in over 6% for up to five years. We don’t need the income now,so the interest is tax deffered. Will start drawing when I’m fully retired and in a much lower tax bracket than we’re in now. Local bank is advertising 4.06% for 28 months, that will go up to 4 1/2 by Jan 1 if fed does indeed raise the half point the markets are anticipating. Farms enrolled in CRP have a much higher ROI, will continue to buy those whenever and wherever they provide a net 6% return, until we reach the limits allowed.

Edited by Boone & Crockett 11/25/2022 06:17
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