Wait! Don't Move Your Retirement Fund From the Stock Market to a CD Before Reading This

Yes, CDs are safe. But that comes at the cost of higher earning potential. LordHenriVoton/Getty Images Last month's stock market drop was scary, especially if some of your retirement savings are in stocks. And while the market may have recovered, many investors are still shaken. If you're wondering whether you should pull your money out of your 401(k) or other retirement account and put it in a certificate of deposit, it's understandable. But before you make any drastic moves, consider what the experts have to say. "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 upend your investment strategy. Read more: The Simple $1 Trick Helped Me Pay Off Debt and Retire on My Terms. Here's How It Works If you have decades before retirement, ... Read full article.