#474 - What are Brokered CDs and How Do They Work?

Do you ever feel like a curmudgeon when you hear about new technology? Listen in to find out what has me putting on my sourpuss hat this week.

We have a variety of interesting listener questions this week. Listen in to learn about purchasing brokerage CDs and CDs on the secondary market, how to decide whether to take the pension or the lump sum, and how to determine whether to become a 1099 contractor rather than a W2 employee.

In the Bring It On segment you’ll hear about what work looks like in retirement from Mark Ross. Spoiler alert: you can work in retirement!

Listener Questions: Brokerage CDs and CDs on the secondary market

Many of us know what CDs are. They are a great way to earn interest on liquid assets. Purchasing a CD from a bank is pretty simple and easy to understand. However, there are CDs on the secondary market that appear to have better interest rates. Listen in to discover what the catch is to purchasing brokerage CDs or CDs on the secondary market.

Bring It On: What does work look like in retirement?

Work can mean a variety of things–it’s not just a place you go 40 hours a week. As you begin to explore what retirement will look like for you, consider how work will fit in. Will you work for money, volunteer, or work for yourself?

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

[4:06] Brokerage CDs and CDs on the secondary market
[9:34] How to decide to take the pension or the lump sum
[14:38] What does huzzah mean?
[15:18] How to determine whether to become a 1099 contractor rather than a W2 employee