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I'm getting ready to fund my last ROTH contribution (I am now retired so 2022 is it for me). I've never done any CD ladders but I keep reading about them, and since my last ROTH contribution was pretty much out the window, I want this one to be very safe. Do people use CD ladders for their ROTH contributions? Just seems like now, with the better rates, that it might be right for me.
Because that is valuable space for assets with growth potential and high potential taxes …they can have their long term powerful compounding unaffected by taxes siphoning off growth …
At the least I would but A balanced fund in it as my contribution and not try to time things as to what is going to do well and what isn’t. Something like Wellesley is nice for a conservative investor
Because that is valuable space for assets with growth potential and high potential taxes …
Nothing has high growth now - at least nothing conservative that I would be comfortable with. I have absolutely no desire to put money into my ROTH (and this is my final contribution) and see it decimated in the next couple of years. I at least want this money safe. 4% beats the hell out of what happened to my last 7k.
I have money in Wellesley. It's in the red since I bought it 2 years ago.
Nothing has high growth now - at least nothing conservative that I would be comfortable with. I have absolutely no desire to put money into my ROTH (and this is my final contribution) and see it decimated in the next couple of years. I at least want this money safe. 4% beats the hell out of what happened to my last 7k.
One should never invests based on a year …this is long term money ..but like I said , it’s your money ,do as you please . But if your posting here and asking then this is my answer, I would never use Roth space for cash instruments..
One should never invests based on a year …this is long term money ..but like I said , it’s your money ,do as you please . But if your posting here and asking then this is my answer, I would never use Roth space for cash instruments..
Yeah I think it works for me. I get your perspective, it just is not mine, not for this money anyway.
I use CD's for my emergency fund so I see nothing wrong with them.
If you will not need the money for at least a year you should also look at Treasury ibonds.
I would keep the above type of investments out side of the ROTH as i think of the ROTH as long term equity investments.
However if it is a choice of a taxable account OR a ROTH I would go with the ROTH as it avoids all taxes.
Nope. I have CDs and Money Market accounts outside my Traditional and Roth IRAs. I'm with Mathjak on this one. No way, no how.
That’s cool.
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