Once again Congress put a temporary fix on a long term budget problem. The markets reacted positively but with continued uncertainty. Volatility remains and it is still too much for us. We continue to add to our retirement accounts at a significant rate. Therefore, to maintain a positive trend until some reasonable level of market stability is found, we are staying heavy in cash.
I just purchased a CD ladder inside my 401(k) account. I know this sounds strange but I have my reasons. I’ll explain my logic.
With many baby boomers saying “never again” to stock market risk, interest in low-risk investments is increasing. One safe investment strategy being followed is CD laddering. I’ve learned about an online tool that can make it easier to build and optimize a CD ladder. [Read more...]