Maximizing CD Power by JAY PERRY

To get the most from certificates of deposit (CDs), stagger CD maturities by purchasing a variety of maturity dates. That way, if the interest rates rise, you can reinvest CDs that mature at the new rate. If rates fall, longer-term CDs will be earning the old, higher rate. Also, automaticially invest CD interest in a money market deposit account. You will earn interest on your interest, and have access to the money without incurring a withdrawal penalty. Finally, if higher rates are being offered on larger CDs, it may pay to roll over several small CDs into one big one. Renew all smaller CDs so they mature on that date, then reinvest in one large CD with a higher rate.

At Kramer & Kramer Estate Planning we help people to identify their financial objectives and establish steps to reach them. We emphasize Long-Term Estate Planning and remind readers that it’s important to establish a savings and investment plan that is based on their needs, tolerance for risk, and future inflation rates.

We offer guidance on Trusts, Life Insurance, Annuities, Indexed Annuities, Mutual Funds, and Long-Term Care. We can also review your current Trust for FREE. Call me at 623-544-2201 to arrange a FREE consultation. We do informative FREE seminars every month, so call for seminar times and dates.