I wanted to say “on fleek,” but my teen son said that people don’t say that anymore!! This photo above – yeah…that is where I want to spend my golden years!!!
These are certificates purchased from a bank for a specified amount. These are normally locked in for a chosen amount of time, usually one, three, or five years.
These are similar to CD’s (certificate of deposits), and they have a pretty low-interest rate yet still higher than CDs. Many experts say that annuities are not the best option unless you have maxed out al other contributions.
With a traditional IRA, you are really at the mercy of what the future tax rate might be. Because Roth IRA’s are contributed after taxes, you are certain of the amount you will have to live on during retirement.