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We no longer publish The Retirement Advisor. Our last issue was published in December 2016 ending ten years of market beating performance.

Retirement Advisor Newsletter Replacement Portfolio


Tuesday, April 14, 2009

CERTIFICATES OF DEPOSIT

The Retirement Advisor has previously recommended that our subscribers consider joining the Pentagon Federal Credit Union (Penfed). The Retirement Advisor has looked into the organization and Penfed offers some wonderful opportunities for those approaching or in retirement, including one very unique opportunity that is discussed below.

By way of background, Penfed serves 700,000 members in the Air Force, Army, Coast Guard, Department of Homeland Security, Department of Defense, defense- related companies, and the Veterans of Foreign Wars. It was federally chartered in 1935 and has $8 billion in assets. Penfed consistently offers some of the most attractive rates on money market savings accounts, certificates of deposits, loans and other financial instruments.

The National Credit Union Administration (NCUA), an agency of the U.S. Government, insures your savings with Penfed up to $250,000. Penfed offers Money Market Certificates and IRA Certificates to its members. Both of these are the equivalent of Certificates of Deposit. In other words, these Certificates are debt instruments where in exchange for tying up your invested money for the duration of the certificate's maturity, you will earn a fixed rate of return.

Penfed's IRA Certificates require a minimum investment of $1,000 where you can lock in prevailing rates and hold these Certificates in your IRA. Penfed offers maturities ranging from 1 to 7 years. Dividends are compounded daily and paid monthly for maximum returns. When we first recommended PenFed in our third newsletter, they were offering CD rates in the 3-5 year maturity with well over a 5% yield!

To learn about the special opportunity at Penfed that we discussed in our Retirement Advisor Newsletter, subscribe now!

To learn how to subscribe to The Retirement Advisor Newsletter, visit our web site where you can download a free issue with instructions on how to subscribe. Subscribers are able to obtain all of our back issues at no extra cost.

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