tag:blogger.com,1999:blog-38606399.post8591445458581340577..comments2023-09-23T00:38:53.296-07:00Comments on Money and Such: CD IRAs - a Really Bad IdeaUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-38606399.post-36110827524429645722008-08-08T12:09:00.000-07:002008-08-08T12:09:00.000-07:00Well - as long as this is a temporary measure this...Well - as long as this is a temporary measure this is obviously a good idea. However, I suspect that most people who use CD IRAs do so as a form of long term retirement savings - which is a really bad idea in my opinion.Shadoxhttps://www.blogger.com/profile/11742366461186295248noreply@blogger.comtag:blogger.com,1999:blog-38606399.post-10102526430806195892008-08-08T09:20:00.000-07:002008-08-08T09:20:00.000-07:00My wife and I have a few CD IRAs from ING Direct. ...My wife and I have a few CD IRAs from ING Direct. We know that they are a bad choice, but they're our best choice for the moment (we think). We're currently saving for a Vanguard mutual fund. The CD IRAs are a way to earn a little bit more interest than simply leaving our money in a savings account while we wait. The CDs are set to mature right about the time we expect to have enough money saved up for some real investing.Morganhttps://www.blogger.com/profile/02196393794053717666noreply@blogger.com