Blueskies123
Recycles dryer sheets
I just retired a few months ago and am considering starting a CD ladder for my cash flow needs in 2017 and 2018. I was looking at Fidelity's CD ladder tool to see who was selling CDs and I had a few questions. I have 2016 covered in a money market.
1) Do you prefer new issues or secondary issues? Is one better than the other?
2) My cash flow needs are $100K per year. I saw GE bank and Capital one bank have some of the highest interest rates. Would you have any concerns purchasing $100K or $200K in CDs from just one (non-traditional) bank? Do you spread your purchases over several banks or you not worry about it as long as the total is under $250K, (FDIC limit).
1) Do you prefer new issues or secondary issues? Is one better than the other?
2) My cash flow needs are $100K per year. I saw GE bank and Capital one bank have some of the highest interest rates. Would you have any concerns purchasing $100K or $200K in CDs from just one (non-traditional) bank? Do you spread your purchases over several banks or you not worry about it as long as the total is under $250K, (FDIC limit).