Looking for IRA guaranteed interest? You have a number of options that guarantee a return on your investment. The question is this. How much do you want to earn?
As much as you can, of course, but how much can you reasonably expect to earn? That really depends on your investing choices.
Option #1 – Certificates of Deposit
A bank CD offers IRA guaranteed interest for a specific period of time. Currently, the average rate of return on a five-year IRA-CD is 4.01%.
Lets say that you have already started your nest egg and you have $100,000 to invest. Since, your money is protected by the FDIC; you feel it is safe in a bank. So, after five years, you have earned an additional $22,000 in interest. What are your other options?
Option #2 – Treasury Notes, Government Bonds
Sadly, the maximum you can earn here is between 2% and 4%. It is IRA guaranteed interest and it is the … Read the rest