Mon, January 13, 2025
[ Mon, Jan 13th 2025 ]: CIO
10 top priorities for CIOs in 2025
Sun, January 12, 2025
Sat, January 11, 2025
Fri, January 10, 2025
[ Fri, Jan 10th 2025 ]: Yahoo
The 20 best small cities in the US
Thu, January 9, 2025

If You're One of the 4.1 Million People Retiring in 2025, Open a CD Before Rates Decrease

The article from Investopedia discusses the impending retirement of approximately 4 million Americans in 2025 and advises them to consider opening a Certificate of Deposit (CD) before interest rates potentially decrease. It highlights that with the Federal Reserve possibly cutting rates, the current high yields on CDs could soon diminish. CDs are presented as a low-risk investment option, offering fixed interest rates for a set period, which can be beneficial for retirees looking to secure their savings with predictable returns. The article explains that while CDs might not offer the highest returns compared to other investments, their stability and the current high rates make them particularly attractive for those nearing or in retirement. It also notes the importance of timing, suggesting that acting before any rate cuts could lock in higher yields, providing a cushion against inflation and market volatility.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/if-you-are-one-of-the-4-million-people-retiring-in-2025-open-a-cd-before-rates-decrease-8772883 ]