Is a CD the Safest Place for Investments?

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[@ryanwilliams989]

I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That'd be enough to create a portfolio that would pay you between $50k to $70k in dividend income

[@TheresaAnderson-kf5xw]

Just because there are opportunities in the market doesn't mean you should go in blindly. To understand the potential factors that contribute to your financial growth, l'il advise you to seek the help of a professional

[@maryHenokNft]

I completely agree; I am over 40 years old, recently retired, and have approximately $1m in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!

[@maggysterling33254]

@@maryHenokNftI just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with ?

[@maryHenokNft]

Wright promptly do a web check where you can connect with her *Gertrude Margaret Quinto* and do your research with her full names mentioned..

[@BiancaSherly-qt6sb]

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

[@lawerencemiller9720]

I just 30 this year and have just under $40k in my own 401k and another $10k between my other retirement accounts. My wife has about $41k in her retirement accounts (she is not currently working). I currently make close to $63k a year. I only do 5% though to my 401k for the company match and another 10% of my income is split between an HSA and a ROTH IRA

[@alexyoung3126]

51 years old. I have $295,588.25 in my Fidelity retirement account. I cranked my contributions up to 35% and I do all the investing on my own. Fidelity just holds my ETFs/stocks. I made that change earlier this year. I'm hoping to end the rat race by 60 but it's looking more like 63-ish. I want to have $1.5M and bring in about $60k in dividends each year. Pedal to the floor! Thanks for the video. Great content.

[@johnlennon232]

I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!

[@jessicamoore3093]

As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?

[@johnlennon232]

'Lisa Angelique Abel' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@jessicamoore3093]

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

[@steelcastle5616]

Agreed. She's 80 years old and she needs comfort and safety over long-term growth.

[@CARTJAR3]

😅

[@dontworry1568]

long term is subjective here. lmao.

[@Person-mh6xq]

@@dontworry1568how kind of you to say 😡

[@steelcastle5616]

@@Person-mh6xq Just using US life stats as a yard stick.

[@PremiumFuelOnly]

I dont rememeber them asking her does she have kids or a will.

[@MrOfficer235]

I agree with Dave. 5.5% is a good rate and there’s hardly any risk.

[@Pamcheryl]

Bottom line. When deciding between a long-term CD or putting money in the stock market, always take into account your goals and how long you'll need to achieve them. For long-term plans like retirement, the market offers better returns than locking up your cash in a CD.

[@Michelle_Sanders561]

Having a larger allocation of stocks in the early years of retirement will help guard against the risk of outliving your retirement savings. Later on, you can adjust your allocation to focus more on generating income and preserving your money.

[@BEAUTIFULDIANAFRANCIS]

Stocks have historically proven to be a reliable hedge against inflation. Inflation erodes the purchasing power of your money over time, but stocks have the potential to provide returns that outpace inflation. By investing in stocks, you can help ensure that your portfolio retains its real value over the long term

[@DE-Burrows]

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people who netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year with the help of Cynthia as a coach.

[@RoryAllen118]

Stock for the win. I agree with you Diana. Focus on two key objectives. Learn when to sell stocks to minimize losses and maximize gains to start protecting yourself. Second, prepare to make money when the market turns around. I advise speaking with a broker or financial counselor.

[@RoryAllen118]

Good advice! I am moving all my investments into CDs at 63 for security but now let me enjoy the benefit of investing in stock with a good CFA like Cynthia Depken.

[@KENTUCKYUSA1]

Excellent advice for this lady. Dave showed empathy here and I am proud of him for being so gentle with her.

[@casperkittae2651]

If you can get 5.5%, you should put all your money there. Why mess with the stock market that you know is going to crash at some point this year

[@larrywong4966]

I'm 76 and keep my $$ in CDs, last year earned over $50,000 interest alone. No need to take risks at my age, just trying to keep up with inflation, will never be able to spend all anyway.

[@brettwright6106]

There are MYGAs (Multi Year Guaranteed Annuities) that are paying 6% guaranteed for 10 years. Keep in mind the primary advantages over CDs: 1. These are compounding daily. THIS IS HUGE. 2. You are able to withdraw your accumulated interest (6%) on an annual basis. These are huge advantages in growth & flexibility over CDs. If 10 years is too long, there are 3 year MYGAs offering the same rate.

[@papasquat355]

You are spot on. CD's at todays rates are the best, safest option. My mother was talked into an annuity in her 80's and cannot understand what they sold her. CD's are easy, especially if you do it in a CD ladder for monthly income.

[@johnSmith-uz8nl]

So sorry... cause I made $90k on dividends.

[@kevinbossick8374]

@@papasquat355and CDs don’t cost a thing.

[@vietnamemperor123461]

​@@kevinbossick8374But you will pay federal and state tax based on the government tax bracket so to me it does cost a thing if you have like alit of money in that CD. So if you have a high income and invest in a CD expect Uncle Sam to get a big bite when tax season come and if you live in states like California and New York expect even more to pay. Ouch!

[@billm5433]

I’m with Navy Credit Union and getting 5.25% on my CD’s. I’m 75. I have my military retirement and SS. I have no children, everything is paid for, debt free.

[@simonesoblessed1200]

Thanks for your service so happy you are doing well

[@billm5433]

Thank you, I retired in 92 after 26 years. USAF.@@simonesoblessed1200

[@Nsands81]

Which CD from navy federal are you invested in? The one I have is 18 months and it's 4.3 percent which is the highest they said they have. Also salute to you from a young vet to an old one

[@billm5433]

Look up rate as of 1/29-24. 12 mon. 5.25% 100k min@@Nsands81

[@simonesoblessed1200]

@@Nsands81 that’s the one I have it was the highest, my friend say she got 5 percent I guess I missed the deadline for that one.

[@todd2456]

That's still over $1000/month in guaranteed interest. Not terrible.

[@MrMopeake]

True!

[@cybern9ne]

Plus social security and other retirement funds, she's all set.

[@petejuggling]

Except it’s locked up in CD it’s not passive income. It’s likely a 12-18 month CD.

[@Gaud720]

@@petejuggling you can get 5% 3 month cds is that bad ?

[@clbdyc]

If that 5% is annual than divide by 4.

[@Redwood4040]

I am an active Navy captain and have been investing for a few years. I have reached a point where I could benefit from financial advice to improve my $160,000 portfolio, which seems to be stagnant, and to maximize the return on my investments.

[@WestonScally7614]

You didn't provide detailed information about your portfolio makeup. However, I recommend seeking guidance from a financial advisor for a well-informed portfolio restructuring.

[@SaintYvess]

De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.

[@sting_grayl]

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.

[@SaintYvess]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Powerz00]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@PilouBen]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@Lourd-Bab]

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

[@PilouBen]

@@Lourd-Bab However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

[@Lourd-Bab]

@@PilouBen Oh please I’d love that. Thanks!

[@PilouBen]

@@Lourd-Bab Judith Ann peace is her name

[@PilouBen]

Lookup with her name on the webpage.

[@mangodiet801]

FDIC Insured CD / 250k / at 5.5, that's 1,145k mo, not bad

[@uberhaxonova]

While the bank takes that money you deposited and buys more gold, more oil, more stocks or private equities and makes way more than that meager 5%

[@TonyCox1351]

⁠@@uberhaxonovayes because all those are riskier investments. You’re more than welcome to put your money in those too and if you need it 2 years later you risk it being significantly less

[@goththicus]

I was going to say the same thing. just the fact it’s insured by the FDIC/NCUA and paying 5.5% it’s a no brainer.

[@galileykwong7017]

I don't know about this. FDIC is run by the government, and the government is a joke.

[@RusskiCommieBot]

More banks are going under this week. How many trillions of dollars are we going to spend on bailouts that the FDIC fund doesn't have?

[@botticelli728]

If I could get 5 percent or more consistently on CDs, I'd create a big old ladder and be happy with that.

[@andrewleonard938]

You can get up to 7 years around 4 depending on the institution and gets into the 5's for shorter term CD's. Now is a good time to ladder up out to at least 7 years if you are risk adverse as I am.

[@stevegolacks8731]

My ladder is built out 5 years, all at 4.75 to 6.25. Where have you been?? This last year was gangbusters.

[@botticelli728]

@@andrewleonard938 Excellent info; thanks!

[@jasonmilam9080]

@@andrewleonard938you can do that now. I’m at an avg of 5.35% with a ladder at Vanguard.

[@botticelli728]

@@stevegolacks8731 I've been broke. I'm now debt-free and hoping to be able to put some money aside in some CDs soon.

[@BadPhD777]

5% CD's are AWESOME!

[@alexfisher1684]

I have 50/50 mix. I like 50k of free income no risk while getting a big return on stock side

[@AStanton1966]

Lady, spend all that money before the doctors, hospitals, or nursing homes grab it!

[@afterlife7939]

😂 agreed

[@jodylarson4697]

Good answer. I'd like to hear more advice for retired people over 70. I'm tired of videos that talk about investment growth over 50 years. Someone at 70+ doesn't have that.

[@johnSmith-uz8nl]

The question is... how much do you have? What are you comfortable losing? You just cant give advice that would be meaningful with I'm over 70 what do i do?

[@zruthl]

1. it depends on your risk tolerance. 2. are you trying to use it for yourself or for some other reason.

[@mikezerker6925]

I love what Rachel said! To parents: “teach dignity”

[@anthonyn.3575]

I currently earn about $1330.00/month in interest in my CD account with my credit union and I’m happy with that, and I’m 45 years old. I know I could do better with investing in stock, and what not. But I have no worries. Paid my house off in cash when I bought it in 2020. Quite happy where I am at with no debt what-so-ever 👍 !!!

[@debpratt52]

And you're fine! The stock market could steal your investment very quickly!

[@Matthew7.7]

How much you set aside to get that 1330 a month if you don’t mind me asking

[@anthonyn.3575]

@@Matthew7.7 - About $320k with a 5% CD return

[@MrEdwardCollins]

@@Matthew7.7 If his CD is earning 4.75%, he has about $336,000 in it, to generate $1,330 in interest per month. (336,000 x .0475 = $15,960 a year / 12 = $1,330. If his CD is earning a full 5%, he has about $320,000 in it, to generate about that same amount in interest per month. ($320,000 x .05 = $16,000 a year / 12 = $1,333.33.

[@christopherhawks4382]

I’m getting $1647 a month on my CDs and that’s what I’d profit in rental income if I used the money to buy rentals. I locked in for 7 years a couple months ago. I’m happy with that return and no risk.

[@christined2495]

I just put some $$$ in a CD getting 5.5% I’m happy with that

[@dand86F]

That is a very good rate CD. where to get that ? Thx

[@morrisgonzalez8069]

For how long

[@TheCDaddy27]

​@@dand86FSome credit unions in your area might offer a rate around that. Mine are between 1-2 years

[@Makalon102]

Bless her, she sort of had stereotypical elderly person voice like from south park

[@gloriaalex11]

Very common where I live. Sounded like an educated, well-raised South Carolina lady of her generation. Willing to bet she's a retired schoolteacher.

[@mhodge0890]

That’s nice. If you don’t want kids then you don’t have to do this. Just save and invest for self and live your best life

[@papasquat355]

At 5% I keep my basis in CD's and put the earnings into index funds. I keep my cake and eat it too.

[@mgb5170]

Good people - Rachel and Dave.... great job 👍

[@lifestream4191]

The lady and her husband are using the safe investment to pay for their long-term care, if needed. Probably the greatest gift a parent could give to their children.

[@lindajohnson.]

Safety at this age, thank you for not telling her to get in the market. We lost 1/2 of our worth in the market. Never again!😢😢😢😢

[@ralphmowery2898]

You probably got afraid and took out the money when it was low instead of ridding it out. I lost a lot in the market but made it back and much more by just staying in. One should only put the money in the market that they can do without for a long period.

[@johncameron4194]

Bless her! ❤️

[@ngutz117]

My parents are in their late 80s and have been going on 5-8 vacations a year for 10 years now. I sincerely hope they spend all the money they have while they can enjoy it. Me and my. Brother both in our 60s aren’t looking for an inheritance we want out parent to enjoy their lives! Besides they gave us everything as kids and adults! Please enjoy why you worked for while you can.

[@devilsadvocate7059]

I thought average return in the stock market is 6%. Why is everyone acting like 5% return on a CD is so subpar? 5% return with little risk sounds great - what am i missing?

[@DB-bw5fz]

The S&P 500 averages in the range of 10% annually. The problem is that it doesn’t average 10% every year. It may be down 10% one year….then be up 25% the following year. If you don’t need the money until quite a ways in the future, it’s not a real big issue. If you are going to need the money in the short term though, and you have to withdrawal while it is down…you just lost money. It doesn’t make sense to lock money into a CD if you know for certain you aren’t going to need the money in the short term, as you’re likely to beat the returns elsewhere over the long term.

[@DB-bw5fz]

@@jumpiam8477 I began buying S&P500 ETFs last January, every 2 weeks on payday. So far those are up over 16% overall in a little over a year. Time in the market beats timing the market…only sometimes though. If you put a pile of money in near a peak, it might take you years to break even again. Someone who put their money in at or near a low would have seen their investment grow significantly while you are recovering . Someone who was already in the market for 10 years prior would be ahead of both return wise.

[@myronchamberlain7734]

The problem with the stock market it goes up and down on a down turn you could loose thousands of dollars if you older the time to get it back might not come

[@lionmangolf]

I made over 20% last year & 10% this year.

[@JeanValjean875]

​@jumpiam8477 Last year, it was up over 20%.

[@davidbrown4540]

Either you get 1) risk + volatility + less peace of mind OR you get 2) FDIC/NCUA Insurance + less risk + less return + more sleepytime

[@Bur6212]

I’m happy with my cds and my savings account getting 4.6 right now..

[@front331]

You should be getting at least 5. I'm getting 5 but invested 6 months ago.

[@robertbrown1021]

I got some in the 4% and some over 5% , I'm just going to ride the safe investment out and maybe try other later

[@calisurfin]

S&P return is 20% last year

[@emadelsammad201]

@@calisurfin But it is not safe..

[@calisurfin]

@@emadelsammad201 every investment carries certain risks associated with it. If you feel safer with 5-6% in a savings account there’s no problem with that. You just won’t see the higher rate of return from the stock market such as S&P 500 being up over 10% YTD and Nasdaq up almost 9%.

[@Icehso140]

Our house is paid off and we owe nobody a dime. Our CD interest pays for all our property taxes, utilities, and house insurance, while providing a backup source for house emergencies. Much better than leaving the cash in a hackable checking account. Our annuities are now in safer bonds that guarantee some growth, rather than possible loss because of the market. We don't have enough time to recover from a market crash. My father in his 70s lost $21,000 in one day. Not acceptable.

[@debpratt52]

What happened to your father-in-law is what happened to us in the 2000s. Took what we had left out and put in CDs. At least I have peace of mind now. I think I lost $40,000. All I got in 2008 was an apology letter that they hadn't invested wisely. Screw them!

[@johnSmith-uz8nl]

lost $21k in one day but there are days you make more then $21k. What is not acceptable is investing in super safe CD's if you are young. In 22 years from investing my salary (45K to 72K) I was able to obtain $850k in my retirement account. This was not by investing my money in CDs. Point is, don't be stupid.

[@ralphmowery2898]

About 4 years ago I lost around $ 100,000 in the stock market but it is now back to where it was and should go higher in the up coming years. I had made lots more that that in years past. People that loose in the long term are the ones that get nervous and take their money out when the market goes down.@@debpratt52

[@leytonfortnite4724]

Rachel that sweater looks so pretty on you!!

[@poolmilethirty2859]

Thank you for that mindset. I never really thought about it like that. I wondered if this 80 year old would be able to sleep knowing that the money is for the next generation and put it in a mutual fund.

[@Javier_Rodri]

I had 100,000 with my daughter in brokered CDs at via at Signature Bank that we can't withdraw till date, what can I do?

[@BidenIsPoTUS.JFK.]

Just go for more flexibility like high yield savings. There is a risk of loss, I know 4.71% as in the case of Vanguard isn’t bad but hey look how you got served

[@user-cv2gn2tr1k]

Stick through it, in no time I believe the insolvency crisis will stem, they have to provide liquidity.

[@user-cv2gn2tr1k]

Gives you idea of general planning and taking advantage of the opportunity market pitfalls presents to make the most out of the market other than just portfolio management.

[@clintscott3300]

I prefer to work with independent brokers who are individuals and can act as fiduciaries, they provide you more flexibility.

[@dessertcruiser]

Are yout talking about the financial 'advisors' on KZbin or roboadvisor by brokerges? Do these advisors still hold any relevance?

[@stevehudson4151]

The only thing I would have advised her that I did not hear you say is to bust up that $250K into smaller CD amounts to minimize the early withdrawal penalty to get to that money and leaves the rest at that rate if the rate would have went down by the time something came up and they needed the funds.

[@Charlies1970TA]

This was so good, a complete answer...... thank you!

[@debragiovine9797]

This first time ,,, I hear good advice from DaveR,,,to someone her age,,, nothing wrong wit cd,,,

[@randymillhouse791]

$250K in a CD is a goal of mine. It will provide about $1K per month and coupled with my projected minimum SS check of take home $1,600 will be more than enough to live on in South America. We have Roth IRA's, 401k's and an annuity as well. Being so close to being able to retire feels good but makes me despise working for pay even more.

[@hw5091]

5.5% isn't bad at all, and no risk. Traditionally the s&p is 7%, w/risk involved, so why not when the rates are this high.

[@heyheyhelen931]

Many older individuals do not invest in stock market. My aging parents only have CDs and do quite well with them. They constantly look for the best return as long as the financial institution is insured. They live off the interest and retain the principal.

[@roylappin4491]

Good advice! I am moving all my investments into CD’s at 71 for security.

[@dianahussain5066]

Gosh I love her voice.

[@johncameron4194]

Good advice to her 👍

[@garyclark6427]

I have a mix at almost 70. 5.5% is good for a CD.

[@cdmorrissy3692]

I've closed 5 of my bank accounts, leaving only 1 checking account with 3-4 months of living expenses, and put the rest of my money into several 4 week US T-Bills, a cash stash and a good amount of Gold and Silver.

[@johncameron4194]

At the moment to park some money yes if you get good rates and you stack it. But if they pay low nope.

[@daveburkitt5287]

Very nice advice when your retired and not working anymore

[@notanomad9320]

I’ve been laddering my 3 month c/d’s but I also have stocks + mutual funds. Now as interest drop later this year, I’ll change strategy.

[@juancgomez98]

Lucky girl!! Good Dad.

[@jerseyjim9092]

After losing my azz in the market in 2008, I'll never go back.

[@calisurfin]

Best time to buy when market uncertainty is there, people only buy when they feel good

[@ROCKETS2965]

I am truly shocked that the person asking about a CD sounds 80 years old. BUT... At these rates, for older people, it's not that bad of an idea.

[@johnSmith-uz8nl]

And if the market crashes... then it is not bad for everyone.

[@SeunAdekoya]

Depends on the interest in CDs If high enough at their age and risk, renew but there are HYSA offering up to 5%

[@KENTUCKYUSA1]

She said 5.5% is offered.

[@megalodon1726]

But savings accounts have variable interest rates, which probably will go down soon.

[@comm2531]

Great advice

[@IAm-NotHear]

Dave, you old smoothie. I love your show

[@SunofYork]

Really good advice... I am big in long treasuries and 5.25% CDs

[@sanjalisnjic7271]

I like Rachel's point at the end about how you change your family tree with that mindset!

[@eas2252]

You can actually get savings accounts that have higher interest rates than CDs nowadays. My wife and I put our down payment money in a CD at 4%. I have since found online savings accounts for nearly 5.5%. Ps- I missed that her CD was already at 5.5%. Good on her then. Savings do bring the peace of mind of not waiting for the account to mature.

[@TM-jo4wz]

I did the same as the caller. My wife got burned once in the stock market. So this past December we decided not to take a chance. Put over 100k In a 5.5% CD. We should make about 550$ a month for 2 years. The worst thing is we should have done it earlier.

[@JackWorkz]

I put 100k in an HYSA. It makes 4.6, but it's accessible if needed, monthly .. I know Dave hates SoFi, but I've enjoyed the gains parking my money there

[@vietnamemperor123461]

NCUA insured all accounts add up to $250K in a credit union. Just to know you you can expand that coverage by adding beneficiaries under any account of that credit union just like an insurance policy.

[@MrsMirandaWarren]

You are absolutely correct that's exactly what I did.

[@vietnamemperor123461]

@@MrsMirandaWarren Yeah and you'll be surprise how many people doesn't that. That goes the same with the FDIC too. There a bank called Wintrust and they have a maxsafe account that insured up to $3.75 million just let anyone here knows.

[@jayf6525]

My wife and I are 71. We are happy to be in a place in our lives where 75% of our life savings is in cash instruments earning over 5%. We take comfort in knowing that regardless of what the stock market gambling machine does, or what the idiot bureaucrats do, we will never out live our money, even if rates drop and we're only earning 2-3%. Hell, we'll be fine if it goes to zero. It just means our daughter may get a little less when we pass. As a result, we do what we want, we own what we need or want, and we sleep well at night. It's just a good place to be in this mess we currently live in.

[@lanecostilow6959]

Navy Federal Credit Union gives me 5%+ on CDs.

[@felizh82]

Can 80 years old go thru what happened in 2000 or 2008 again?

[@afridgetoofar1818]

Not if you're heavily invested in stocks. Fixed income should remain ok.

[@markgriffith2473]

Cd s right now are safe for now short term , as long as interest rates stays above 4.5% 5% and up is pretty good . but soon a fed start lowering prime interest rates cds will follow , new cd rates will be poor .

[@sarsattacks]

The older you get, the less risk you take. At 80, a CD is fine if you haven't invested when you were younger.

[@matthewwilliams9200]

Depends on the person she's wasted a lot of money over her lifetime.

[@amireallythatgrumpy6508]

@@matthewwilliams9200 Not really. At that stage of the game you minimise risk. Taking risk is for when you want to have money a few decades in the future, not when you will need it in the next few years.

[@robertbrown1021]

​@@matthewwilliams9200Sounds like she won , she and her spouse are alive and some people died because of stress of losing money. You never a loser when you make it to 80 and sound like her health is pretty good.

[@texdevildog9174]

5.4% with 8 week TBills. 5.39% with 4 week Tbills, in the latest auction. We use treasury direct for our emergency fund.

[@SteveSwanson88]

I buy T Bills (new issue/auction) using my Fidelity account. Easier than using the treasury direct site.

[@KENTUCKYUSA1]

@@SteveSwanson88 I use the Treasury Direct site and have for years, but it does require learning how to navigate. But it is free, no costs at all. Nothing on earth is safer than short-term T-bills, at least for now.

[@texdevildog9174]

@@SteveSwanson88 I buy Tbills with my Schwab account also. Treasury direct is just emergency fund and pays us the reinvestment difference every Tuesday.

[@ralphmowery2898]

I all so buy the T-bills through my IRA (self directed) or my Schwab stock account . Retired so do both and do the mutual funds in the IRA. I just have too much other things to do than research the individual stocks but do play with about 5 % of my money on individual stocks that I think will go way up like NVDA or AMD. I did not see it mentioned, but in some states the T- bill is not taxed for the state.

[@KENTUCKYUSA1]

@@ralphmowery2898 States can't tax US Treasuries, bills, notes or bonds. But the Federal govt. taxes them, of course.

[@richardrodriguez1742]

one year CD s at 5% is good now days I have 4 of them I'm 82 & they are for my daughter

[@alltruckfleet]

So what really is the risk on average when investing medium risk mutual funds?????

[@Blue72Bronco]

What a generous family. If your in it.

[@heavyd777]

Money Market index funds are yielding better than CDs and my money isn't locked up. At one point Schwab SWVXX yield was 5.38% last year with no minimum deposit.

[@Rambleon444]

The caller said she could get 5.5% at her credit union.

[@1betterboy]

Does the unc have the money to back funds? FDIC does not have the funds to back the people's money up to 250K

[@HM-ke1qm]

At 80. Take it out and enjoy life.

[@gtf5392]

This is a no-brainer for her age and risk tolerance and the rates on CDs being good.

[@comm2531]

I plan to talk with a financial adviser at Navy Fed. But id stay away from Navy Federal Financial Services. They wanted to push me into annuities. Im just gonna ladder cds for retirement.

[@mnelson505]

I think a 5.5% cd makes more sense than paying off a sub 3% mortgage.

[@nicholasmartinez6043]

Rich people: No, buy stock mutual funds. Middle Class: CDs are great places for long term money, low risk. Poor: I’d rather invest in DVDs than CDs!

[@stevegolacks8731]

Rich people: I make a ton of money! I pay 30% in alimony, 20% therapy for my kids, and I will live to a ripe age of 71. My heirs will blow through my money on booze and hookers. Middle Class: I worked an easy job for 30 years, my pension covers my expenses, and 401k is is fun money. I love my new Fort Meyers condo, and my corvette is awesome! Poor: Biden/Harris 2024!

[@BoldestCorey]

​@@stevegolacks8731sounds like you're a hater on rich people and think all rich people are in misery in life to make yourself feel better. Get some money bud and quit being weird on KZbin comments. I couldn't imagine putting the thought in my mind that all rich people are just suffering and miserable in life to make myself feel better . Get a grip my guy

[@stevegolacks8731]

@@BoldestCorey , Whoa, I think its about time to take your meds bud, youre getting all butt hurt in the comment section. lol

[@joculp-yq3qh]

⁠@@stevegolacks8731great analysis!

[@raypalermo1603]

@@stevegolacks8731 So true and sad about the Biden Harris part.

[@carolford5002]

This is what I want to do while I look into investing.

[@SprintTri57]

Might be a good idea to invest into a CD when you are going to buy a car a year from now. We did that and paid cash for a car. We also gained 5.5%.

[@user-wt4jd3dm6d]

I have both a Roth IRA and a CD at a credit union

[@user-ku7sz2il8f]

CD's are wonderful at 5.5%. We are making a small fortune every month and sleeping very well.

[@SalsaCaballero]

I got 4.75% a couple of days back. Wish I would have got it when it was 5%. Mine matures in March 2025.

[@johnSmith-uz8nl]

I have most of my money in a dividend fund paying 9%.

[@DollarBill01984]

Go with a 3 month term only at a time.

[@traveler320ak7]

But is now a good time to put money in mutual funds..the stock market is high. Should we wait until it slides backwards again and then invest in mutual funds?

[@adamseidel9780]

This is one where Dave’s mathematically bad approach is the right approach. This is a simple old lady scared of anything complicated. Too late to change her mind or learn anything too new. No point screwing around for a few dozen extra basis points in a bigger CD or a smarter investment, just go with what’s making you calm for your golden years and focus on your grandkids.

[@elizabethpeterson56]

too many ass umptions about womans skills and motivation. ya must b young.

[@geraldcoleman3596]

I think this should be the best time to put cash to work rather than allow it lie waste to inflation. I'm ready to invest about $350k of my savings in stocks. I just need ideas on how to navigate the bear markets and other sectors to diversify

[@Natalieneptune469]

In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

[@sheltonPston]

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise fromm early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024

[@Robertgriffinne]

Please how do I find and contact this financial counselor ?

[@sheltonPston]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Nicole Desiree Simon for about five years now, and her performance has been consistently impressive.

[@Robertgriffinne]

I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

[@jameywallace9692]

I would put that money in a high yield savings account and earn more money every month with no risk!

[@kentnorris8667]

CD are fdic insured and close to no risk at all

[@Deltron6060]

​@kentnorris8667 HYSA are also fdic insured, zero risk but you get access to your money anytime.

[@kathy.7475]

My savings is earning 4.35%. That’s my emergency fund plus a bit extra.

[@mollybrown1299]

I put 750.000.00 in cd s all above 5.25 to 5.75 and sleep very good each night. Kids will be happy.

[@ghunter52]

Quick correction Dave, CD's do pay you monthly at most if not all banks and your able to withdraw the interest payments ONLY without penalty

[@ctaylor88]

Each bank is different. I see a lot that pay at maturity if term is less than 12 mo. Greater than 12 months pays annually.

[@markgriffith2473]

Yes it depends on cd some pay monthly , some biannual but the most only pay at maturity

[@ghunter52]

"I did say most if not all" also if your bank doesn't pay you monthly then u should find another bank

[@ctaylor88]

@ghunter52 I was candid in my last comment. No banks in Central Iowa pay monthly on CDs. It is not an option.

[@jacksonbilly9979]

I bought 3 cds and only got less than $40 for them when they matured. Was not worth it at all I would’ve made 3x more than that if I just did fidelity 500 etf. At their age a cd might be smart but if you are young, don’t waste your time or money

[@medic173]

Same here . Now banks are desperately offering 5.0% for 2 months, I'd rather invest in stock market, that's what they don't want u to do

[@damondiehl5637]

Well, like he said, it's not a good long term investment. But it guarantees this couple has money if they need it, and it's fully protected. CDs are good for your 3-6 months of living expenses. They get more than a savings account and are there if you need them.

[@APGURL]

I tell my husband we need a cd and roth ira but im working on debt snowball right now.

[@kl3271]

Interest is taxable. Might want to go tax free municipal bonds instead.

[@srercrcr]

Do the math

[@katyedwards3935]

Dave's looking good for 63. I hope he never retires and if he does, I hope this show and his company lasts forever. People need this show and their programming like FPU more than ever cuz we've gotta get this dad-gum debt problem under control.

[@Person-mh6xq]

lol. Dave looks like he’s near 70!! Good program though.

[@amireallythatgrumpy6508]

Well he looked 60 when he was 40, so he's gone from looking 20 years older than he is to looking 5 years older than he is@@Person-mh6xq

[@user-wt4jd3dm6d]

Unless you don’t have any other family members to hand over to it would probably be better to use it yourself like me I don’t have any family members left they are no longer with us and I don’t have any children

[@joracer1]

Cd's here are .2% .3% and almost .4% might as well put under a mattress..

[@abdulazimpatel8467]

flac audio file for music.

[@JOZoSo.]

I was wondering who would even be asking about CDs and then I heard her voice and she is at least 90 and near death. Then it made sense.

[@adrianelias2365]

80...

[@Person-mh6xq]

Your comment. Some of it totally unnecessary.

[@artriumph]

Ignorant

[@supremeclientele3344]

CD or High interest savings? I can get 5% with high interest account, is that more fkexible than CD?

[@sasukesuite1]

1 month Treasuries are at 5.38% currently. Only lock up your money for 1 month and very few banks can outperform that on a CD that has like 6+ month minimums

[@me-myself-i787]

But when rates are high, you'd want to lock it in. That's probably why longer-term ones have lower rates.

[@JosiahK555]

5.5% guaranteed is fine at that age. Open fidelity brokerage account, 4.9% on cash that you can access any time, makes for a great savings account at the moment.

[@robertbrown1021]

Is it risky? FDIC insured?

[@JosiahK555]

@@robertbrown1021 it is insured, not by FDIC, but by SIPC i think. the rate can fluctuate but you don't lose money. or at least they tell you it's "extremely unlikely" just to cover their butts..