SEP-IRA questions

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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joyceg2797
Posts: 5
Joined: Mon Apr 17, 2017 7:38 pm

SEP-IRA questions

Post by joyceg2797 » Sun Apr 22, 2018 2:30 pm

My husband is self-employed and makes SEP-IRA contributions each year. Due our AA we decided to go with Ally bank SEP-IRA CD's. This year he has reached the FDIC maximum so additional SEP-IRA CD's with Ally would no longer be insured. I looked for another bank with SEP-IRA CD's but didn't find any. Ally makes the SEP-IRA's super-easy and it is tempting to just stick with them without the insurance. Any other ideas?

TwstdSista
Posts: 855
Joined: Thu Nov 16, 2017 4:03 am

Re: SEP-IRA questions

Post by TwstdSista » Sun Apr 22, 2018 2:36 pm

Check credit unions? Mine has them, but not the best interest rates.

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msi
Posts: 361
Joined: Sun Feb 17, 2008 11:15 pm

Re: SEP-IRA questions

Post by msi » Sun Apr 22, 2018 4:20 pm

You could hold brokerage CDs in a SEP-IRA at Vanguard/Fidelity. Probably beat Ally's rates anyway.

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