ready to move a mature CD to a taxable account

[geem]

My question is...Is there any negative tax or financial consequence in moving a mature CD ($40,000) into my taxable account, of course, when it has reached maturation? Thanks

 

[pb4uski]

It depends. Is it currently in a taxable account, a traditional IRA or a Roth IRA?

Assuming that is it a bank CD that is NOT in an IRA, then no tax ramifications.

 

[RunningBum]

I don't get the concept of "moving a matured CD". Unless you choose an option to roll it into a new CD (in which case the question is "moving a new CD"), you get cash wherever you told them to put it. So the question becomes, is there any consequence to moving $40K to a taxable account? The answer is No, unless the cash is in an IRA.

There is no taxable event when a CD matures, if that's what you are asking. The taxable event is the interest that has been paid on the CD.