As retirement nears, you may want to consider protecting a portion of your retirement savings from potential market risk. By moving some of your IRA assets from stocks, bonds or mutual funds into a CD, you can retain the benefits of tax-deferred saving within the relative safety of an FDIC-insured1 Certificate of Deposit.
Keep in mind, however, that holding retirement savings in low-interest CDs is more of a shorter-term strategy since CD returns typically will not be sufficient to achieve longer-term goals.
Learn how our SunTrust SummitView goals-based planning approach can give you a clear view into all your stocks, bonds, retirement and savings accounts, allowing you and your advisor to better align your investments to your goals and objectives.
1 CDs are FDIC insured up to the maximum allowed by law
SunTrust Private Wealth Management’s Global Perspective provides a view of the latest global economy and market events. Read the latest report here.
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