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The pros of bond funds are that you can pool money from investors and have more money in your pocket. The cons are that you can lose money and that can leave you broke.
Tax exempt money market funds are available to purchase at any time. The funds that one may accrue by investing in such a fund should also be available to 'cash out' at any time. One would need to consult a professional to find out the specifics of any funds pros and cons.
pros: lots of money
PROS: Tax benefits, forced income preservation, protected by state insurance laws, and funds are managed professionally. CONS: Unknown changes in the economy could affect the settlement, funds could be poorly managed, all money isn't available immediately.
What are the pros and cons of using a market intermediary?
I like big butts and I can not lie.
Pros: You get money It gives you something to do. It is outside Cons: You could get hurt. It is hard work. Sometimes you won't know what to do.
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