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An IRA CD is a conservative investment account for people nearing retirement

1 month ago   |   By Business Insider

An IRA CD is a type of retirement account that invests your money in a certificate of deposit and locks in your rate of return for a set amount of time.
Traditional, Roth, and SEP IRA CDs follow the usual guidelines regarding taxes, early withdrawal penalties, and contribution limits as any other IRA.
IRA CDs could be a worthwhile option if you're nearing retirement and looking for a safe investment - but if you're younger, you can probably afford to take more risks for more growth.
See Business Insider's picks for the best IRA CDs »
You're probably familiar with an individual retirement...
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