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Your friend is confiding in you that he is getting a divorce from his wife of 10 years.They have two children aged 6 and 8 years.He knows that he is unlikely to get custody and is afraid that he will not see his children as much as he would like.What suggestions do you have for him? What would you recommend?
Negotiable Order of Withdrawal Accounts
Bank accounts that allow the depositor to write checks against the money deposited, acting similarly to checking accounts.
Money Market Accounts
Accounts that offer higher interest rates than standard bank rates but with greater restrictions.
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