5% CDs Are Not Good Investments - Retirement Answers

What this episode covers

Over the last 18 months, the Federal Reserve has been increasing it's interest rates. And because of this interest rates on cash, CDs, Money Markets, Mortgages, and Car Loans have also increased.In fact, interest rates are the highest we have seen in quite some time. Which can create some issues after such a long period of low interest rates.We got used to really low mortgage rates, but it seems like those are a thing of the past. And now you can get 5% on a 6-month CD! What a welcome sight...Well, these higher interest rates have led to some bad investing behavior. People are trading in their long-term "risky" investments for short-term "safe" investments. In this episode, I share why this is could be a major investing mistake.Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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Frequently Asked Questions

How long is this episode of Retirement Answers?

This episode is 13 minutes long.

When was this Retirement Answers episode published?

This episode was published on July 25, 2023.

What is this episode about?

Over the last 18 months, the Federal Reserve has been increasing it's interest rates. And because of this interest rates on cash, CDs, Money Markets, Mortgages, and Car Loans have also increased.In fact, interest rates are the highest we have seen...

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