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Home > Ask Ralph > Cash in or roll over? What’s the smart move for your maturing CD?


	Podcast:		Ask Ralph
	Episode:		Cash in or roll over? What’s the smart move for your maturing CD?
	Category:		Business
	Duration:		00:35:20
	Publish Date:		2025-01-31 08:00:00
	Description:		Feeling stuck with your maturing CD? You're not alone! Ralph Estep Jr. dives into the dilemma many face when deciding whether to cash out, roll over, or explore other investment options. He shares valuable insights on how to break free from the paralysis caused by fear of making the wrong financial decision. By evaluating your risk tolerance and understanding your financial goals, you can take control of your money and make informed choices that honor God. Ralph also discusses various alternatives, including CD laddering, high-yield savings accounts, and even stocks, providing a roadmap to navigate your financial future with confidence and make the best decision for your maturing CD. Read today's blog article Check out the full podcast episode here Podcast Timestamps: 00:00 Episode Overview 02:41 Listener’s Question: What Should I Do When My CD Matures? 04:48 Bible Verse - Proverbs 27:23-24 05:54 Today’s Gratitude Statement 07:52 What is a CD? 08:37 Understanding Your Options with CDs 08:43 #1 Cash It In 08:56 #2 Roll It Over 09:19 #3 Let It Auto-Renew 29:55 Action Steps To Make The Smart Choice 29:59 #1 Evaluate Your Goals 30:24 #2 Research Current Rates 30:40 #3 Consider Alternatives 31:36 #4 Pray and Seek Wise Counsel 31:58 Reflection Questions 33:12:00 Closing Takeaways: Making financial decisions can be overwhelming, especially when faced with uncertainty and fear. Evaluate your financial goals, since cashing in or rolling over may depend on them. Consider CD laddering as a strategy to balance returns and liquidity effectively. Investing in high yield savings accounts can provide better returns than traditional savings. Understanding your risk tolerance is crucial before deciding on investment options. Seek guidance from trusted financial advisors who align with your values and goals. Links referenced in this episode: Check out our blog: askralphpodcast.com/blog Support the Show https://askralphpodcast.com/support Ask Ralph Show Live https://askralphpodcast.com/live What is your question that you would like to ask Ralph? Send Your Question here: https://justaskralph.com/ Join our email list and get a free copy of “Mastering Your Finances” at https://askralph.com/ LISTEN NOW WATCH NOW ON YOUTUBE (OUR VIDEO VERSION) WATCH NOW ON RUMBLE (OUR VIDEO VERSION) VISIT OUR ASK RALPH SHOW GEAR STORE FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" JOIN OUR FACEBOOK INSIDERS GROUP SUPPORT THE SHOW JOIN RALPH LIVE - EVERY TUESDAY AT 1PM EST Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at ralph@askralph.com or leave a voicemail message on our podcast page Leave A Voicemail Message Like us on Facebook and follow us on Facebook at https://www.facebook.com/askralphmedia Twitter (@askralphmedia) or visit www.askralphpodcast.com for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to www.askralph.com for more information! Buy Ralph's Book - Mastering Your Finances! on Amazon Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journey on Amazon
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