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FWD: CD for 401k Investment

 
 
David S Meyers CFP
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      02-07-2012, 05:08 PM

Salvaged from the filters, not sure why it was caught:

Subject: CD for 401k Investment?
From: Tony Sivori <(E-Mail Removed)>


Is there any legal reason why FDIC insured Certificates of Deposits
could not be offered as an investment option in a 401k?

--
Tony Sivori

--
David S. Meyers, CFP(R)
http://www.MeyersMoney.com
disclaimer: for educational purposes only. This is not financial advice.

 
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JoeTaxpayer
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      02-08-2012, 02:25 AM
On 2/7/12 12:08 PM, David S Meyers CFP wrote:
>
> Salvaged from the filters, not sure why it was caught:
>
> Subject: CD for 401k Investment?
> From: Tony Sivori<(E-Mail Removed)>
>
>
> Is there any legal reason why FDIC insured Certificates of Deposits
> could not be offered as an investment option in a 401k?


No. I can buy brokered CDs in my IRA. Any 401(k) that has a brokerage
option mat very well allow this.

 
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Gene E. Utterback, EA, ABA
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      02-08-2012, 03:10 AM
>"David S Meyers CFP" wrote in message
>news:(E-Mail Removed)...
>
>Salvaged from the filters, not sure why it was caught:
>
>Subject: CD for 401k Investment?
>From: Tony Sivori <(E-Mail Removed)>
>
>Is there any legal reason why FDIC insured Certificates of Deposits
>could not be offered as an investment option in a 401k?
>
>--
>Tony Sivori
>

Not that I'm aware of.

The issue here isn't so much a legal one as a logistical and financial one.
CDs don't pay much, to you or the issuer. So it doesn't surprise me that
its not available inside a 401k. After all, HOW is the investment company
going to get paid if a CD is used inside a 401K?

Please don't take this to mean that there are NO 401Ks that offer them,
there may well be - I've just never seen it.

Gene E. Utterback, EA, RFC, ABA

 
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