Got CDs!

If you’re like most CD owners, it’s disappointing to get such low CD rates. Yes, you are technically exchanging safety for those low rates, but how safe and secure are CDs really if they continually suffer a constant loss in earning power?

CDs simply are not keeping up with the cost of living. The good news is, there are CD alternatives available that have security and safety but enjoy higher rates of return!

Before deciding on a CD (or renewing an existing one), you may want to find out if there is a CD alternative available that will protect your money, accomplish your planning goals without losing out on higher returns and still preserving the benefits of a traditional CD:

    • Security
    • Safety
    • Liquidity
    • Guaranteed Stream of Income

Your personal Wealth Preservation Consultant, accountant or retirement distribution planning professional can explain what CD alternatives may be and good fit and suitable for your situation.

 

More Updates

IMPORTANT TRUST DEADLINE APPROACHING

For trusts that inherited an IRA in 2019, an important deadline is approaching. The due date to provide required trust documentation to the IRA custodian to ensure that the longest payout period possible is available for the inherited IRA is October 31, 2020. Generally, only individuals who are named on an IRA beneficiary form can

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CRDS AND ROTH CONVERSIONS – ABUSE OF THE RULES?

The coronavirus-related distribution (CRD) rules for Roth conversions have a gaping hole. An “affected person” (as we have defined in previous blogs), is entitled under the CARES Act to withdraw up to $100,000 from their IRA or workplace retirement plan. A CRD avoids the 10% early distribution penalty for those under 59 1/2, can be

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Rolling Over an RMD

Like most people’s lives, the retirement world is upside down. This is made evident by a single statement: “Required minimum distributions (RMDs) can be rolled over.” Yes, that is the new normal—at least for this year. RMDs are considered the first money out of an IRA and workplace plan. Typically, these dollars are ineligible to

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