CDs in IRA: Bank vs Brokered, Yields & Ladder Strategy
Warren Team
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Key terms
- BrokerA licensed individual or firm that buys and sells securities on behalf of investors. Brokers execute trades and may provide investment advice for a fee or commission.
- YieldThe income return on an investment, expressed as a percentage. For bonds, it's the interest payment divided by the price. For stocks, it's the annual dividend divided by the stock price.
- IRA (Individual Retirement Account)A tax-advantaged retirement savings account that individuals can open independently. Traditional IRAs offer tax-deductible contributions, while Roth IRAs offer tax-free withdrawals in retirement.
- Roth IRAA retirement account where contributions are made with after-tax dollars, but qualified withdrawals in retirement are tax-free. Particularly beneficial for younger investors.
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