A Guide to Opening an IRA CD
Opening an Individual Retirement Account (IRA) CD is a significant step toward securing your financial future. Whether you’re planning for retirement or simply looking to diversify your savings, understanding the essentials of opening an IRA CD is crucial. What is an IRA CD? An IRA CD is a tax-advantaged account designed to help you save …
Beat the Rate Cut: How a CD Can Maximize Your Savings in a Changing Economic Landscape
As the Federal Reserve strongly hints at impending interest rates this September, millions of consumers with maturing Certificates of Deposit (CDs) are facing decisions that will impact their financial returns. With CDs, savings accounts, money markets, and other liquid savings positioned to see lower returns, now is the time for savers to evaluate their cash …
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Understanding the Different Types of IRAs
Individual Retirement Accounts (IRAs) are essential for building a secure financial future. They offer tax advantages that can significantly enhance your savings over time. Choosing the right type of IRA depends on your financial goals, tax situation, and income. Traditional IRA A Traditional IRA allows you to contribute pre-tax income, which can lower your taxable …
Why Millennials are Rediscovering CDs: A Smart Move for Financial Planning
As a millennial navigating the complexities of personal finance, Duncan Taylor always sought ways to balance risk and reward. Growing up in a world marked by economic uncertainty, he learned to be cautious with his money. Enter the Certificate of Deposit (CD)—a seemingly old-school investment tool that’s been finding new relevance among younger generations. In …
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The Benefits of Opening a Certificate of Deposit (CD) with a Community Development Financial Institution (CDFI)
In a time when financial decisions can impact personal finances and community well-being, choosing where to open a certificate of deposit (CD) can be a significant opportunity. One option that stands out for its dual benefits of financial returns and social impact is a CD with a Community Development Financial Institution (CDFI). What is a …
CD Valet Ratewatcher: The Top CDFI CD Rates of August 2024
What if your savings could grow your wealth and drive positive social change? Community Development Financial Institution (CDFI) certificates of deposit (CDs) make this possible. CDFIs can be surprisingly high-rate payers for CDs and while some offers are geographically restricted, there are also nationwide CDFIs with attractive rates that are worth a look. A CDFI …
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Taxes and Certificates of Deposit: What You Need to Know
When do we not think about taxes? We certainly think about taxes when we consider how we invest our money. And taxes are also top-of-mind at the end of the calendar year. Certificates of Deposit (CDs) have gained popularity this year, given their low risk and high return relative to other options. But as you …
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CD Valet Ratewatcher: The Best 3-Month CD Rates For July 2024
In recent months, more savers may be exploring 3-month CDs, likely due to banks and credit unions offering higher rates for shorter terms before the Federal Reserve possibly drops rates in the coming months. This may reflect a growing preference among savers to remain flexible and responsive to economic fluctuations, especially in a climate where …
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How To Leverage CDs to Grow Your Charitable Donations
With higher interest rates, it’s a great time to use certificates of deposit (CD) in your charitable giving strategy. There are a few ways to give a CD to the nonprofit organization of your choice and all it takes is a few more steps than if you were to open a CD for yourself. Certificates …
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