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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Don Lloyd who wrote (83816)3/21/2001 10:25:15 PM
From: JoanP  Read Replies (2) of 436258
 
Don -

1. 401-K: I'm self-employed.
2. Roth IRA: Fully funded each year.
3. Regular IRA: No longer funding this (see #2). Cash balance; no equities at present (earning 2.8% interest!!!)

No dependents. Mortgage is my only deduction.

One concern, however, is that my CMA is only FDIC insured to $100,000.00. My cash exceeds this limit at present. Prepaying the mortgage would reduce the CMA balance to fully insured levels. CMA yield: 5.16% APR.

Where would you go from here?

Thanks.

Joan
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