john94549 wrote:You'll have to show me the math.
Right now you can buy 3.25% 20-year brokered CDs at just under par and 2.5% 15-year CDs at a 1% discount. For a trustee with a very elderly grantor, an FDIC-insured 3.25% CD is a pretty unimpeachable choice. For a grantor who has a terminal illness, the discounted 2.5% is probably better. The trustee's job is to safeguard the estate, so more aggressive investments are ill-advised.john94549 wrote:Retail CDs, the longest I've found is ten years, and the yields are pretty lame.
Not necessarily. Callables typically pay a higher rate and are typically available at longer terms, which also provides a higher rate.john94549 wrote:I suspect the "best of all possible" would be a non-callable.
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