Your Eggs In One Basket
Financially Speaking Presented by
Brian A. Akers CERTIFIED FINANCIAL PLANNER™ practitioner All Your Eggs In One Basket If you want the convenience of having all your certificates of deposit (CDs) at one bank, all the money may not be protected by Federal Deposit Insurance Corporation (FDIC) because its coverage is limited to $100,000 for each type of account and legal form of ownership. However, there is a way to hold CDs at one bank and still be FDIC-insured for up to $10 million. The Certificate of Deposit Account Registry Service (CDARS), which was established by the Promontory Interfinancial Network (PIN) allows you to split your investment, and the FDIC insurance, among PIN member banks. Although your deposit is divided among other banks, you deal with one bank and receive one bank statement and one 1099 tax form.
rates can be hazardous to your retirement years because the rates are unlikely to keep pace with inflation. We can create a retirement plan based on your goals, time horizon, and rate of inflation over several decades. We monitor the progress of your portfolio over time and recommend changes, if needed. Please call us at 410-692-9870 or toll free at 866-643-5377 to schedule a free one-hour consultation. We are located in Suite 120 at 3739 Federal Hill Road in Jarrettsville. HINT: CDARS is also helpful if you are managing the financial affairs of an elderly individual who invests substantially in CDs. Please email any questions or comments to:
[email protected]
Everyone would like to accumulate savings to meet short-term goals like vacations and also long-term goals like retirement. Although CDs may be attractive to some, be aware that CD Securities offered through Kalos Capital, Inc. and Investment Advisory services offered though Kalos Management, Inc., both at 3780 Mansell Rd., Suite 150, Alpharetta, GA 30022, 678.356.1100. Akers Financial Group, Inc. is not an affiliate or subsidiary of Kalos Capital, Inc. or Kalos Management, Inc. 50752
Brian A. Akers CERTIFIED FINANCIAL PLANNER™ practitioner All Your Eggs In One Basket If you want the convenience of having all your certificates of deposit (CDs) at one bank, all the money may not be protected by Federal Deposit Insurance Corporation (FDIC) because its coverage is limited to $100,000 for each type of account and legal form of ownership. However, there is a way to hold CDs at one bank and still be FDIC-insured for up to $10 million. The Certificate of Deposit Account Registry Service (CDARS), which was established by the Promontory Interfinancial Network (PIN) allows you to split your investment, and the FDIC insurance, among PIN member banks. Although your deposit is divided among other banks, you deal with one bank and receive one bank statement and one 1099 tax form.
rates can be hazardous to your retirement years because the rates are unlikely to keep pace with inflation. We can create a retirement plan based on your goals, time horizon, and rate of inflation over several decades. We monitor the progress of your portfolio over time and recommend changes, if needed. Please call us at 410-692-9870 or toll free at 866-643-5377 to schedule a free one-hour consultation. We are located in Suite 120 at 3739 Federal Hill Road in Jarrettsville. HINT: CDARS is also helpful if you are managing the financial affairs of an elderly individual who invests substantially in CDs. Please email any questions or comments to:
[email protected]
Everyone would like to accumulate savings to meet short-term goals like vacations and also long-term goals like retirement. Although CDs may be attractive to some, be aware that CD Securities offered through Kalos Capital, Inc. and Investment Advisory services offered though Kalos Management, Inc., both at 3780 Mansell Rd., Suite 150, Alpharetta, GA 30022, 678.356.1100. Akers Financial Group, Inc. is not an affiliate or subsidiary of Kalos Capital, Inc. or Kalos Management, Inc. 50752
