Originally Posted by obgyn65
I am still worried about interest rates. I like the certainty of CDs and therefore I keep buying CDs to build up my 10-year CD ladder.
This makes good, low risk sense.
In my case, if I have fixed income outside a retirement account, I want it liquid and easily reached, either to take advantage of stock market dives, or to use for other needs. I do have an earlier PenFed 5 year CD, that has a slightly better rate than this recent offering and has about 18 months left to run.
My main fixed income is in my IRA or my Roth. I leave the TIRA at the broker, because I do not want to make RMDs a hassle, and I leave my Roth alone at the broker just for convenience and quality service. In any case the brokered CDs available to me are not inviting, so I do use intermediate bond funds, mostly 3 years<duration<5 years
Although I invested in these at lower rates than today's, the total return losses have been modest, and in some cases there has been a gain when interest is included.
The last few days have demonstrated to me anyway, that rates can
go down after all. Poor jobs report, and down goes Frazier!