The job market is uncertain, and layoff announcements from major companies are becoming more common. Whether you’re feeling layoff anxiety or already have a timeline for your departure, now is the time to strengthen your financial safety net. Looking for a smart strategy? A certificate of deposit (CD). While CDs are typically associated with long-term …
Looking for cash? CD-secured loans, or Certificate of Deposit secured loans, offer a creative solution for accessing funds. By using your CD as collateral, you can secure a low-interest loan while still earning interest on your deposit. It’s a win-win: your financial goals stay intact, and you get the cash you need without hefty penalties. …
The Benefits of a CD Secured Loan in Today’s Economy and Shifting Rate Environment Read More »
As if uncertainty about the economy wasn’t enough, now retirees and near-retirees need to worry about the timeliness of their Social Security benefits. As the media has extensively reported, people facing retirement will likely experience delays in receiving Social Security benefits due to the government downsizing underway. For example, Gloria is retiring in September 2025 …
Concerned About Social Security Delays? Here’s How CDs Can Help Read More »
Tax season is here, and for many, that means a refund check is on the way. While some may choose to spend the extra cash, many will seize the opportunity to put more money to work for the future. One smart and secure way to do this is by opening a certificate of deposit (CD). …
When do we not think about taxes? Whether we’re making investments, contemplating a major purchase, estate planning, or closing out the calendar year, taxes are always top of mind. In recent years, Certificates of Deposit (CDs) have regained popularity due to their low risk and relatively high returns. Even as interest rates trend downward, many …
Taxes and Certificates of Deposit: What You Need to Know Read More »
Depositors are usually the people who decide when to withdraw their funds from their bank or credit union. But with a Callable (CD), it’s the financial institution that tells you when it is time to take your money and go home. What Is a Callable CD? A Callable CD is a type of certificate of …
Callable CDs: What You Need to Know Before Opening Read More »
Landing on the right Certificates of Deposit (CD) that will help you earn more while you save, takes research, shopping around for rates, and making sure you have terms that align with what you want to financially achieve by a certain time. Don’t get us wrong, CDs are an easy low-risk way to reach your …
Three Strategies to Help Optimize Your CDs (Certificates of Deposit) Read More »
As some of you may be nearing retirement, you’re thinking about maximizing your retirement funds in the home stretch. IRAs (individual retirement accounts) are a great strategy for your retirement savings and with the current state of CD interest rates (4.50% and above) placing your IRA funds in a CD (Certificate of Deposit) allows you to earn …
Don’t Wait to Lock in or Contribute More to an IRA CD Before April Read More »
Retirement planning is about making strategic decisions to minimize taxes and maximize your savings. Individual Retirement Accounts (IRAs) are powerful tools for achieving this goal, offering unique tax advantages that can significantly enhance your nest egg. Here’s how IRAs can minimize taxes on your retirement savings and recent updates on Required Minimum Distribution (RMD) requirements …
Maximizing Your Retirement: How IRAs Help Reduce Taxes on Your Savings Read More »
In light of the Federal Reserve’s recent interest rate cuts by decreasing the upper range from 4.75% to 4.50%, in December 2024, this may be an opportune time for retirement account holders to reconsider moving their required minimum distribution (RMD) in 2025 into Certificates of Deposit (CDs). Financial institutions are offering competitive CD rates and …
Protect and Grow Your RMD: How CDs Can Safeguard Your Retirement Savings Read More »
