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Retained Earnings Advice
Posted on 4/23/20 at 5:09 pm
Posted on 4/23/20 at 5:09 pm
Is there anyone out there that does something besides money market with retained earnings? Money needs to be fairly liquid in the event we have a major issue, but it could be split up I suppose. Some could be converted next day, some could be converted within a week, etc. Talking about $350-$400k once we have it fully funded...will be next yr bf that happens. Thanks in advance.
2
Posted on 4/23/20 at 7:20 pm to BLM
money market
interest earning checking
short term CDs
those are your options
I need $1MM in unencumbered cash in order to write the bonds I need. That money has to stay liquid
interest earning checking
short term CDs
those are your options
I need $1MM in unencumbered cash in order to write the bonds I need. That money has to stay liquid
Posted on 4/24/20 at 8:34 am to BLM
As the previous poster mentioned, I think going with a money market or high interest checking account would be your best options.
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