Should I Invest Money in an IRA CD?
Other People Are Reading
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Safety First
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IRA CDs are very safe places for your money. CDs are not as volatile as stocks, so you can generally count on getting back at least what you put into them. If it's safety you want, IRA CDs are ideal.
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Not the Biggest Money Makers
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As of August, 2010, USAA Federal Savings Bank was offering three percent interest on its five-year IRA Certificates of Deposit; that's not exactly the interest rate you'll need if you plan on doubling your money in five years. IRA CDs can make far less than mutual funds or higher risk investment instruments.
Bottom Line
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According to Best Roth IRA Online, "a Roth IRA CD...is about the safest financial investment you can make." If you can't afford the risk of losing your retirement funds in case of an economic downturn, an IRA CD is one of your safest bets.
References
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