Are your Certificates of Deposit providing insufficient interest-income?
In this low interest-rate environment many Certificates of Deposit are paying less than 1%, even less than .50%, yet people stay with those rates because their money is “safe” and because they do not know other “safe options”. But there are other options that are safe and guaranteed.
If you are letting your C.D. interest accumulate you still paying taxes on that interest! Why not consider an alternative that would allow that money to grow at a much better rate and be tax-deferred or income tax-free?
If you are invading principal every month/year or just cutting back where you can because the interest-income from your Certificates of Deposit isn’t sufficient for your living expenses why not consider an alternative that will provide you with a much higher income, an income that will continue for as long as you live! Guaranteed!
Let’s compare . . .
Payments based on age at issue
Rates subject to change, check for current rates.