U.S. Navy Veteran || Experienced personal finance educator, speaker, writer, and program architect || Accredited Financial Counselor® and Chartered Retirement Planning Counselor℠ helping others harvest their financial potential U.S. Navy Veteran || Experienced personal finance educator, speaker, writer, and program architect || Accredited Financial Counselor® and Chartered Retirement Planning Counselor℠ helping others harvest their financial potential
Anything between a one- and five-year [CD] can be a good solution [for some of your savings] if your goal is to preserve your money and to keep up with inflation.
Inflation is the silent killer of your financial plan. You might need to be saving a lot more than you think because of inflation.
Certificates of deposit can lock in higher rates as savings account rates are dropping.