Closing on our new house in a couple weeks, and selling our current home a couple weeks after that. This aligns with a big commission check, a bonus, a large personal sale, and a baby coming two weeks later. I've been doing some basic internet research on where I should be putting my funds, and everyone seems to have something different to say. I won't bore you all with basic questions, but I would like to focus primarily on CDs.
29 years old. Married. Been contributing to 401k since I was 23, but this is the first year I've been super aggressive - putting in maximum allowance ($18K). Wife puts in like $10K/yr for about a decade. Will also be contributing max amount to Roth this year for first time.
I love my job, but it is not nearly as secure as my wife's. I'm probably fine for a long while, but I'm just something of a worry-wort (knock on wood and all that). I plan to invest some liquid funds next year, but I want three months' salary in an emergency fund per most recommendations and common sense. But I hate the idea of it just sitting there and losing to inflation. The obvious solution is to go with a CD. Looks like you can get ~2.4% interest on anything 2+ years and $10,000K+. But over and over and over again it's like every site is warning me about early withdrawal penalties. But... I get that sucks and yeah it could eat into stuff, but most every one is only six months interest lost. I don't think that's... such a big deal? Am I misunderstanding. I mean, if I put an emergency fund at 2.4% 2yrs at a time for 4, 6, 8+ years and God-forbid I need to withdrawl either six months from now or six years from now.... it was still the better call than letting it just sit in my savings at .0012% or whatever laughable rate it's at... right?
