Looking for a great investment for your retirement funds? An Individual Retirement Account Certificate of Deposit (IRA-CD
) is a good option.
Benefits of a Certificate of Deposit
You can choose an investment period that fits your needs since certificates of deposit (CD) terms range from 7 days to 10 years or more. CD investments are insured up to the applicable limits provided by the FDIC, which means safety and a fixed return.
Benefits of an IRA
An Individual Retirement Account (IRA) is an effective way to reduce your tax liability. Depending on the type of IRA you choose, you may find tax savings on the money you deposit. Consult your tax advisor for more information.
Benefits of an IRA-CD
Combine an IRA and a CD and you can enjoy the benefits of both! With an IRA-CD your money earns a fixed interest rate for a fixed term and you can obtain tax benefits. The funds grow and you may start taking distributions at retirement.