Money market investments and CDs may be a good option. If you're nearing retirement, experts say now is a good time to start paring your risk exposure and looking to safer investments. However, it still might be wise to evaluate the benefits of risk-free cash investments like money market accounts and certificates of deposit. With a money market investment, you earn a solid, guaranteed return and your money is highly liquid - so you can get to your money whenever you want, without penalties. It's a smart choice if you'll need your money soon or if you're nearing retirement.
CDs are also a risk-free investment.
You do have to lock up your money for a specific amount of time with a CD, so consider how soon you'll need the money. We'll continue to provide you more information regarding building and managing your wealth in the months to come. KSNW-TV Channel 3 in Wichita during select morning and evening news. Every week, Capitol Federal brings this programming to our communities to enhance your knowledge of wealth strategies. You'll hear the latest financial advice from the experts in the industry.