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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (7313)4/21/1999 5:29:00 PM
From: LemonHead  Read Replies (3) of 18928
 
Retirement Question?
I met with a fellow from Edward Jones today on my wife's retirement funds. He said that she told him that it would be about $130,000. He is suggesting one of the American Mutual funds. She told me that she had to have a monthly income of about $1000 per month. So I've been poking around a bit on the closed end funds.

My question is if you had a decent mutual fund and made an annual withdrawal (or maybe even quarterly) and then deposited it in a money market fund, where is the advantage of the closed end fund scenario?

Thanks for any and all help, trying to keep peace on the home front.

Keith
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