W came across several alternatives to Bank CD's that might be right for some clients and wanted to give you the nuts and bolts summary to review If this peaks your interest we would be happy to discuss it in more detail and determine if it might be right for you.
The first product offers.
4.63 % guaranteed for three years. Compatible with Qualified retirement plans like IRA
or Roth IRA. Purchase minimum for retirement assets is only $2,000 but obviously you can contribute much more. Non qualified money contribution requires a minimum of a $5,000 contribution. Product is tax deferred until funds are withdrawn. If you want to move to a no
risk financial product for a short term period this is a good choice. Penalty free withdrawals are available under certain conditions including Nursing Home need, Terminal Illness diagnosis, unemployment or death. Suitable forages up to 90. Product not available in every state. Interest rate subject to change until issued.
The second product offers.
4.73% interest per year for three years. In exchange for the slightly higher interest rate the free withdrawal provisions are not offered. Low minimum amounts to purchase $2,000 qualified and $5,000 with non qualified money. Also available for people up to 90 years old. Not available in every state. Tax deferred until funds withdrawn.
There are also other financial options available to meet your specific needs. We would be happy to discuss your needs and particular situation.Some products have current rates approaching 5.0 %. Rates are subject to change until purchase. Different lengths of time, amount of purchase and other features are available.
How can we help you meet your financial needs in these very difficult financial times.
www.columbusfinancialplanningpros.com
financial-services@live.com
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