Introduction
Maybe your mortgage has a balloon payment or your HVAC is reaching an age where you know it will need to be replaced. Maybe you plan on retiring, and to celebrate, you are finally taking that long-desired extended vacation. Prior to 2008, a five-year CD would probably be used by most conservative investors.
While still not wanting to suffer a loss, current CD rates will have even risk-averse investors looking at other possible options. While I’m sure there are more choices to pick from, here are some today’s investor might consider, listed in order