Opinion on CDs

[warren]

I can only relate what I decided a few years ago. I purchased an Instant Equity Insurance Policy from New York Life that pays me 4% a year and if I die, leaves a sizable bonus to my wife. I like the fact that it's hands off and simple to set up with no ties to the markets.

[timo2]

How much in cash do you already have? The CD ladder would count as cash, which is an important part of your portfolio. If you have enough cash, I would not move more funds to there. but if you do not have an appropriate amount of FDIC protected cash, IMHO, that would be more important than bonds.