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Money and Finances
Reply to "Disadvantages of opening a Roth IRA brokerage account?"
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[quote=Anonymous]OP, check the early withdrawal penalties on the CDs. It may make sense for you just to cash out the CDs early and pay the penalties as opposed to leaving that money in a CD that's earning a pittance. And since CD early withdrawal penalties are usually determined in terms of the interest (e.g., you might have to pay 12 months interest on a 5-year CD), the low interest rate your getting may mean that the early withdrawal penalty won't be that high, either. Then take that money and put it in something with higher growth potential. There are lots of opinions about what a good investment mix looks like, but the three fund portfolio (see: https://www.bogleheads.org/wiki/Three-fund_portfolio) is sound and popular and doesn't require a lot of effort or expense to maintain. [/quote]
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