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
The financial obligations associated with caring for an aging parent can often coincide with other priorities. Of course you want to help out when possible; just don’t jeopardize your own future.
Faced with the potential to live 30+ years in retirement, the traditional approach to retirement income may no longer make sense.
Big life changes can dramatically change how much money you’re able to save each month. Keep in mind these rules of thumb when life shakes things up.
Investing for your retirement over the long term takes a little knowledge and discipline. Though there can be no guarantee that any investment strategy will be successful—and all investing involves risk—there are ways to help yourself build your retirement cushion.
In 2014, Americans gave more than $358 billion to charity with nearly three-quarters of that amount coming directly from individuals. And while much of these donations come in the form of direct cash gifts, more and more individuals are turning to planned.
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