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 …
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 …
When to lock in CDs with high rates has been a hot topic now that the Federal Reserve’s efforts to combat inflation may be coming to an end. For retirement account holders who will receive a required minimum distribution (RMD) in 2024, now‘s the time to consider a CD to maximize retirement savings. What are …
Can I Move My RMD into a CD (Certificate of Deposit)? Read More »
As some of you may be nearing retirement, you’re probably thinking about the best way to maximize 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 interest rates (5% and above) placing your IRA funds in a CD (Certificate …
Don’t Wait Until April to Make Your IRA Contribution Read More »
