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Queen Méabh's avatar

There's always some risk, even with savings accounts, as banks just love to restructure their fee schedules without warning, which can eat up any interest you might be getting. My ex-bank started charging $6 per month for checking account paper statements, without advance notice, and this was more than I was earning on a small savings account at that same bank, which meant negative interest. Mutual funds can get you 5-6% if you are savvy, or your advisor is savvy, with low to moderate risk. And yes, I can live in considerable comfort on $50,000-$60,000 in the Midwest and in many parts of the world. Everyone's definition of "comfort" is slightly different.

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Lamashtar's avatar

Poor Paul Manafort. What with working for Trump pro bono, I don't know how he gets paid at all.

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