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Community: Investing Wiki

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SIMPLE IRA CD: Original post by Ciaran John of Demand Media You can move funds from a Savings Incentive Match Plan for Employees Individual Retirement Arrangement to a certificate of deposit. However, SIMPLE IRAs, like other retirement accounts, contain tax-deferred money so you have to contend with possible tax penalties if you cash in your SIMPLE IRA. If you want to maintain the tax-sheltered status of your…

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