I read money magazine every month and have for many years. When I was first learning to invest in mutual funds, money magazine was my guide.
I noticed a mistake on page 26 of this month's magazine. I tried to write them, but I cannot get thru on their computer address and I can not find a mailing address.
Anyway, the mistake is on "crack a CD." They state that you will only lose $100 in penalties for cashing in a 5 year $100,000 CD paying 2%. I am sorry, but the penalty is actually $1000. (I know because I just lost $550 in penalty for cashing in $100,000 at 1.1% My bank was closing and no branches are available in this state.)
I hope someone writes to them and tells them of their mistake.
Money magazine mistake
August 6th, 2014 at 04:04 pm
August 9th, 2014 at 04:48 pm 1407599291
Email: editor@money.timeinc.com
US Mail:
The Editor
Money
Time & Life Building, Rockefeller Center
New York, NY 10020-1393