Investing in Certificates of Deposit for retirement is generally considered a safe, low-risk option for people of any age, but for investors over 50, where stability outweighs risk, they can be especially attractive. CDs are generally a smart option for savers who want a higher rate of return than what is typically offered by a standard money market account.
Get an even better return while getting easier access to your funds
When it comes to savings, having access to your money is just as important as earning high interest rates. That's where
CD laddering comes in. By opening several CDs with staggered maturities, you can take advantage of higher rates with longer-term CDs, while enjoying added access to your money with shorter-term CDs. CD laddering offers the best of both worlds.
Here's How It Works
For more information on CD laddering, and for a step-by-step guide to setting up your CD ladder, visit
This information is made available to you as a self-help tool for your independent use and is not intended to provide investment advice. We cannot and do not guarantee its accuracy and applicability to your individual circumstances. All examples are hypothetical and are for illustrative purposes. Please consult with a financial advisor for a solution suitable for your needs.
The U.K. vote to secede from the E.U. had an immediate impact on U.S. mortgage rates. A 30-year fixed-rate mortgage now hovers around 3.25%, a record 3-year low. If you considered refinancing your mortgage, now might be the time to lock in low rates.