How to use Bank CDs in Retirement - When Bank CDs Make Sense

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Summary: One of the favorite places for retirement nest eggs is bank CDs. While this choice is rock solid safe and easy to access in case of an emergency, it may not be appropriate for all of your retirement money. Bank CDs are like chocolate – a good thing that can be overdone. In this month’s Internet video seminar we’ll discuss:

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By Dr. Shelby Smith
eHow Community Member

Dr. Smith has an earned Doctorate in Economics from Iowa State University of Science and Technology along with a Bachelor’s and Masters degree in Economics from the University of...read more

Difficulty: Easy
Instructions
  1. Step 1

    * When bank CDs are appropriate and when they’re not
    * How to lower taxes, especially on Social Security benefits, by using other safe money options.
    * How to get full FDIC insurance coverage at your bank.

  2. Step 2

    Far too many retirees just blindly put all their retirement money in short-term bank CDs without thinking about all the extra taxes they’ll be paying and the higher interest rates they can get elsewhere. Also, if bank rates are less than the rate of inflation – and that’s the case today – the longer your money stays in the bank the less it will buy. There are other safe alternatives that may be suitable for your retirement money, and you owe it to yourself and your loved ones to get as much return as possible without taking risks. The more income you have in retirement, the better you can live.

  3. Step 3

    This Internet video seminar is free, educational and accessible on-line. You don't have to leave home, can tune out anytime and remain anonymous while you learn more about your retirement alternatives. My objective in this free presentation is to help you and your loved ones make better retirement decisions. I sincerely hope you’ll register now and plan on joining in.

  4. Step 4

    http://www.theretirementpros.com/Tele-Seminar-MRM.php

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eHow Article: How to use Bank CDs in Retirement - When Bank CDs Make Sense

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