Withdrawal Penalties
Brokered Certificates of Deposit: Pros and Cons
Brokered Certificates of Deposit are an excellent product. But they are more complicated than their bank-issued counterparts. You can purchase brokered CDs through many major investment firms. They often settle same day, although sometimes settlement can be several days in the future. There is typically a selection of banks offering CDs for sale, and that …
IRA Accounts are Unsuitable as a Primary Savings Vehicle
It is a mistake to open an IRA before accumulating a significant level of savings first. I have had two of them, both when I was just starting out, and they are both gone because I didn’t understand this idea. In the late 90′s a lot of talk about IRA greatness came my way, both …