Fidelity Brokered CDs? Yes? No?

[GWoodle]

Originally Posted by lottamoxie

Thanks, yes I'm aware of CD ladders, which I even discussed upstream, which was in 2023.

Now, I need to generate less or no more federal and state taxable income in that account for the rest of 2024, which is why I'm looking towards redeploying into tax efficient funds.

For you may be time to look at municipal bond funds. Get a little less interest but exempt from federal tax. Depending on your state could also help with state taxes.

[Shark01]

Originally Posted by lottamoxie

Reviving this thread.

As expected, my callable brokered CDs got called in April, 6 months after opening them. My non-callable CDs continue until their maturity dates.

The timing is actually good, as I don't want to generate too much taxable interest in my regular brokerage account.

Will be deciding on ETFs to purchase now that the CD funds have swept back in.

Our 5.55% CD was called at the 8 month point (out of 12 months). After talking it over, we then bought a non-callable brokered CD at 5.05% for 18 months. Since the rates are going down now, we figured buying that was safer than another callable one.