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There's a 10 year interest penalty for early withdrawal.
by mlyle 3y ago
There's a 10 year interest penalty for early withdrawal.
- ghaff 3y agoThat doesn't seem like a good deal at all then. The brokerage accounts are basically "like cash" sweep accounts.
- mlyle 3y agoThe deal is in locking in the interest rate forever. Of course, this is only a great deal if the money is taxed at a very low rate and your horizon is very, very long.