4 CDs to Check Out Before a Fed Rate Cut

And, the ins and outs of short-term care policies. Created for {EMAIL} | [Web Version]( September 2, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP](format=multipart) ⋅ [WEBSITE]( [] INTRODUCTION [] [Stepping Into Hurricane Protection For Vacations]( If you have a trip planned along the Eastern Seaboard over the next few months, you need to consider the possibility of a hurricane disrupting your vacation. Most hurricane activity occurs between mid-August and mid-October, typically peaking in September, which could throw a wrench in your upcoming plans. Kiplinger personal finance writer Erin Bendig can save you the heartache of canceling your trip or losing what you already spent if a storm kicks in before you depart. She tells you [which destinations are most likely to be hit by a major hurricane and how travel insurance can come to the rescue if a trip is ruined by the weather](. - Donna LeValley, personal finance writer [6 Things Not to Do When Selecting a Financial Advisor]( Working with a financial advisor can be a great first step to helping make sure you're on track to reach your retirement goals. But choosing the wrong one could wreak havoc. Check out these 6 things not to do when choosing a financial advisor, so you can work to potentially avoid years of stress. [See the list]( ADVERTISEMENT [] CERTIFICATES OF DEPOSIT [] [4 CDs to Check Out Before a Fed Rate Cut]( [4 CDs to Check Out Before a Fed Rate Cut]( (Getty Images) The Fed is set to cut interest rates at the next meeting in September, and it will have an impact on your savings account. One rate cut isn’t likely to cause a drastic drop in rates right away, but more cuts are expected throughout the rest of the year and 2025. If you’re looking to take advantage of rates while they’re still this high, you’ll want to act soon. Here are [four of the best CDs to check out before a Fed rate cut this year](. [] SHORT-TERM CARE INSURANCE [] [Short-Term Insurance Plans' Good, Bad and Ugly]( [Short-Term Insurance Plans' Good, Bad and Ugly]( (Getty Images) I admit to being unfamiliar with short-term care insurance. They are meant to provide coverage for similar services as long-term care insurance over a shorter period. As you might imagine, the policies are cheaper — but are they worth the money? You'll need a clear-eyed analysis to gauge the value of short-term care insurance plans and if they're right for you. Kiplinger contributing writer David Rodeck gives you [the good, bad and ugly details of short-term care insurance](, so you can decide if it’s right for you and not waste your money. [How to Develop a Dividend Reinvestment Strategy]( Generate $2,000 a month in dividends with a private REIT, specializing in industrial properties. This fund offers a path to create passive income using dividends and compound interest. With 250k at 10% APY discover how to yield $2000/month to help you reach your financial goals. [READ MORE]( ADVERTISEMENT [] GOVERNMENT-BACKED INVESTMENTS [] [How to Buy Treasury Bills]( [How to Buy Treasury Bills]( (Getty Images) Treasury bills are short-term debt securities auctioned by the U. S. Treasury and considered an investing "safe haven" due to their security and guaranteed returns. They may become an attractive investment option as the [Fed cuts interest rates](. That’s why now is the time to get up-to-speed on how this investment works and can add flexibility to your portfolio. Keep reading to get [a step-by-step guide to buying Treasury bills and how the federal funds rate impacts T-bill yields](. [Financial experts + automated tech]( While you focus on what's important to you, Betterment is working behind the scenes to optimize your investments and make your money hustle. [Learn More]( ADVERTISEMENT [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [If it looks like elder financial abuse, it may be just that]( Knowing the red flags for financial abuse is key to spotting and stopping the abuse. [What to do about bonds now]( With interest rate cuts on the horizon, now is the time for investors to shift to longer-term fixed-income securities to lock in higher yields. [How to find the best Japanese stocks]( Here is what you need to know about Japan's recently volatile stock market, and what you should consider as you seek out the best Japanese stocks. [Sign Up for Kiplinger's Free Tax Tips E-Newsletter for Money-Saving Tax Planning and Compliance Advice]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. 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