For conservative investors, bank certificates of deposit are a time-tested favorite for providing income. But fixed annuities seem to offer similar terms with better rates, so which investment is the smarter way to get the income you need?
Low interest rates have made life a lot easier for many borrowers struggling to make monthly payments. But for retirees, who have to live off their portfolios, low rates have caused huge problems.
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A retiree named Bob is confronting a dilemma many of his peers face: His nest egg is parked in safe cash investments, like certificates of deposit, and earning barely any interest. What can he do to get a better return? Laura Rowley looks at an increasingly popular alternative.
A few years ago, with $1 million invested in CDs, you could have lived off your interest, but with rates at historic lows, now your returns would barely cover a few mortgage payments. This is forcing retirees to find new, fairly safe ways to get those returns. The experts' pick? Dividend stocks.
