Is a CD a Better Place for Your Retirement Fund Than the Stock Market?

CDs offer safety and predictability, but that comes at the cost of high growth potential. LordHenriVoton/Getty Images The stock market recovered from its terrifying plummet last month, but if the majority of your retirement fund is in stocks, you may still be reeling. Seeing a nest egg decimated overnight can make anyone rethink where they're keeping their money -- especially since the economy as a whole is still precarious. Certificates of deposit are known for being low-risk, with fixed interest rates that offer guaranteed returns. Does that make them a smarter place for your retirement savings than the stock market? As with many financial questions, the answer is: It depends. "CDs can feel like a safe haven in this kind of environment because they offer predictability, which is appealing when everything else feels shaky," says Taylor Kovar, certified financial planner and CEO of 11 Financial. But, he warns, "there are some trade-offs." Here's what you need to know before you mak ... Read full article.