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Cd's , Pacific Life or other?
Old 03-22-2017, 05:51 AM   #1
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Cd's , Pacific Life or other?

I have a CD coming due this week right at $250k. I have someone offering a Pacific Life Annuity paying 3% for 10 years. Basically you get your money back and the interest after ten years and are taxed on the money the year the product matures. Also looking at 5 -10 year cd's which I could find (brokered) at 3% last week but have been dropping to about 2.85% since.

Have a 10 year CD ladder right now. Anyone have any other suggestions?
Will not have to touch this chunk of money for a least the next ten years.
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Old 03-22-2017, 06:01 AM   #2
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I just did this one. 2.75% with a one time bump. (9) $25k 5yr CD's.
To bump up individually over time.
https://www.macu.com/bump
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Old 03-22-2017, 09:02 AM   #3
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The Mountain America CU is one of the highest 5yr CD in US offer but it is only for locals. Other top CDs are around 2.3% what at current inflation (2.7% at Feb2017) is negative rate. In regard to annuity at 3% you get some risk of higher than 3% inflation within 10 years as well. I also have a maturing 5years CD and not sure how to reinvest it.
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Old 03-22-2017, 09:24 AM   #4
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(Not just for locals) I joined through the Utah branch and am in Calif.
$15.00 lifetime membership lets you in. American Consumer Council- A Non-Profit Consumer Education Organization
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Old 03-22-2017, 10:16 AM   #5
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(Not just for locals) I joined through the Utah branch and am in Calif.
$15.00 lifetime membership lets you in. American Consumer Council- A Non-Profit Consumer Education Organization
Please advise the phone or web site. I live in SF Bay Area
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Old 03-22-2017, 10:26 AM   #6
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Another CD substitute would be a target maturity bond fund like BSCQ, which currently yields 3.39% to maturity in 2026. Some interest rate risk if not held to maturity... I have the shorter duration versions but they have longer ones.
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Old 03-22-2017, 11:46 AM   #7
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Please advise the phone or web site. I live in SF Bay Area
I put both links above on the 2 posts. Just call the Credit union and they will walk you through it. If your interested.
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