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Frank26: "CHRISTMAS COOOOOOOOOOOOOKIES IN JULY" 6/29/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Frank26: "CHRISTMAS COOOOOOOOOOOOOKIES IN JULY" 6/29/19

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Post by RamblerNash Sat Jun 29, 2019 9:22 pm

DELTA: FAMILY LET ME TELL YOU A STORY ....ONCE UPON A TIME A LITTLE BIRDY TOLD ME CHRISTMAS WILL BE IN JULY............THAT WAS THE END OF THE STORY....

Frank26:  CHRISTMAS COOOOOOOOOOOOOKIES IN JULY


6.29.19 FRIDAY TEAM CHAT LINK     https://fccdl.in/SJoOPQTVyJ
 
SpeedRacer:   At the 12:50 mark, Delta brings up a very important banking tool that everyone should be aware of and consider using post RV, I know I will. IT's called CDARS Certificate of Deposit (CD) Account Registry Service.

Not all banks have this service available, but you can google it for your area. The purpose of this vehicle is (as Delta stated) that it allows you to deal with one bank and have up to $50 million in one main account and that bank spreads it out to other banks in their CDARS network in $250K increments.

This allows you to keep FDIC insurance on all of your money for the given period of time you have the CD. As a bonus suggestion, if you are married, you can have one of these accounts in your name (Social Security Number), one in your wife's name and one with both of your names AND if you have an entity (business, trust etc.) with an EIN#, you can use that also for another account.

I plan to use this strategy to "land" my money into until I can get it invested into income generating hard assets.

MODS, I know we aren't supposed to give financial or legal advise, and I'm not, but I believe that CDARS is a VERY important tool for KTFA members to be aware of. And besides, Delta brought it up first. (smile)
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