Stock market question

[fisheater]

Man i wished i would have pulled it out of stocks....

[bassin_bug]

Man i wished i would have pulled it out of stocks....

We paid off all our debts three years ago. Six months later my spouse reached 59-1/2 years of age and wisely pulled all the money out of the 401k (stocks) and put it into an IRA Certificate of Deposit. At the present time it is still earning 5.56% interest and will be for another 14 months. We're satisfied with everything right now and hope this financial storm will have passed before it's time to renew that CD again. I have some other CD's that are paying good interest rates now but they come up for renewal next summer and I wonder how well I will do then.

I heard yesterday that, like Wachovia, SunTrust Bank is teetering on the edge of collapse. My brother did business with SunTrust in Greenville, MS, and his branch was bought by Union Planters Bank in the mid-1990's. In 2005 that branch was bought by Regions Bank. I wonder how stable Regions is at this time. I have not had time to check the DUNS bank rating and it probably wouldn't be correct with all the crap that happening in the banking world at this time.

I guess we'll just have to fasten our seatbelt and hold on; it's going to be a rough ride.