When the stock market is volatile and interest rates are up, those at or near retirement might consider an IRA CD for part of their retirement savings. An IRA CD is a safe, FDIC-insured investment that combines the tax benefits of a traditional or Roth IRA with the predictable interest rates and income of a certificate of deposit (CD).
However, IRA CDs aren’t right for everyone and may be too conservative for many. By looking at their structure and average returns, you can make a more informed choice when considering different investments for your retirement savings.
