Certified Financial Planner Board of Standards Inc.
08/20/2024 | Press release | Archived content
‘I Need Financial Help.’ I’m 53 With a $150K CD Paying 5.02%. But It Will Expire in 2 Months. Now What
A reader asks what to do with a $150,000 CD maturing in two months and whether they should hire a financial adviser or handle it on their own. CFP Board Ambassador Don Grant, CFP® responds that hiring a financial adviser could be beneficial, as a CFP® professional will need to consider various factors such as the time horizon for the funds and whether the money is in an IRA, which affects investment strategy.
MarketWatchAlisa Wolfson August 20, 2024