FWD: CD for 401k Investment

Discussion in 'Financial Planning' started by David S Meyers CFP, Feb 7, 2012.

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

    Subject: CD for 401k Investment?
    From: Tony Sivori <>


    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.
     
    David S Meyers CFP, Feb 7, 2012
    #1
    1. Advertisements

  2. David S Meyers CFP

    JoeTaxpayer Guest

    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<>
    >
    >
    > 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.
     
    JoeTaxpayer, Feb 8, 2012
    #2
    1. Advertisements

  3. >"David S Meyers CFP" wrote in message
    >news:...
    >
    >Salvaged from the filters, not sure why it was caught:
    >
    >Subject: CD for 401k Investment?
    >From: Tony Sivori <>
    >
    >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
     
    Gene E. Utterback, EA, ABA, Feb 8, 2012
    #3
    1. Advertisements

Want to reply to this thread or ask your own question?

It takes just 2 minutes to sign up (and it's free!). Just click the sign up button to choose a username and then you can ask your own questions on the forum.
Similar Threads
  1. Robert Thompson - OhioTaxMan

    FWD Digital Dispatch Aug. 15, 2003

    Robert Thompson - OhioTaxMan, Aug 19, 2003, in forum: Tax
    Replies:
    0
    Views:
    301
    Robert Thompson - OhioTaxMan
    Aug 19, 2003
  2. Replies:
    4
    Views:
    1,371
    kastnna
    Dec 4, 2007
  3. , , CFP

    Re: FWD: CD for 401k Investment

    , , CFP, Feb 8, 2012, in forum: Financial Planning
    Replies:
    0
    Views:
    298
    , , CFP
    Feb 8, 2012
  4. , , CFP

    Re: FWD: CD for 401k Investment

    , , CFP, Feb 8, 2012, in forum: Financial Planning
    Replies:
    0
    Views:
    263
    , , CFP
    Feb 8, 2012
  5. , , CFP

    Re: FWD: CD for 401k Investment

    , , CFP, Feb 8, 2012, in forum: Financial Planning
    Replies:
    0
    Views:
    327
    , , CFP
    Feb 8, 2012
Loading...

Share This Page