Certificates of deposit, or CDs, are the third leg of a trifecta of low-risk, low-return savings products offered by banks and credit unions. Like savings accounts and money market accounts, CDs are safe and easy to use.
That said, CDs offer much higher interest rates than those products, so you can grow your money faster. The hitch? You must agree to lock away your money for a specific time period, which can... MORE
People often spend a lot of time calculating what they can afford in retirement based upon the assets they’ve accumulated. And they spend very little time on how to manage their portfolio to provide income instead of just growth. Many financial advisers use the bucket strategy of managing retirement accounts.
The bucket method allocates funds into three separate portfolios based on time horizon. There’s a... MORE