Great question!!
Interest earned on regular CDs is taxable, while IRA CDs grow tax-free. Contributions to a traditional IRA CD are tax deductible, but your withdrawals are taxed. Conversely, Roth IRA CDs get no upfront tax deduction, but withdrawals are tax-free in retirement.
I am assuming above that the CDs are IRA CDs.
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Katie S.
Katherine S 63
