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homeboi808 t1_jegjo2t wrote

> Should I put a small amount into a year CD and the rest into a longer one?

You can do that, sure.

Do you have a stock broker (say Fidelity) that you use?

I have Fidelity and buying CDs thru them are easy, just select the time-frame you want and pick one. They also have automatic “ladders” that you buy and it is split between different time-frames. You just have to fund money to them from your bank account after you link them (takes a few days).

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itsthebestlife OP t1_jegr1gv wrote

No I don’t! I don’t even know where to start, this is mt first time even looking this. My cpa just told me about CDs. I’ll do this!

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homeboi808 t1_jegt2jo wrote

One thing to add:

With CDs the taxes on earnings are on your income tax bracket, unless bought in a retirement account like an IRA.

With stocks/funds, if you own it for more than 1 year then when you sell the taxes on earning are lower (15% for people in the ~$40k-$400k income range). Selling them in under 1yr has earnings taxed on income tax bracket just like CDs.

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