As individuals look to their employers to help them proactively plan for a successful financial future in today’s volatile market, recommending certificates of deposit (CDs) is one way in which employers may advise employees in conversations around retirement plan options.
Craig Reid, National Practice Leader, Retirement & Wealth at Marsh McLennan Agency, shared his insights with U.S. News & World Report about what CD laddering for retirement means, the pros and cons of doing so, and his recommendations for building a successful CD ladder for retirement.
“CD laddering in retirement is a common way for retirees to generate yield – i.e., growth on their investment – with little risk and to time future expenses with the maturation date of their specific ladder strategy,” says Craig Reid.
