Our advice would be to call and talk with one of our advisors at 877-699-2654 to determine if such a move makes sense given the totality of your financial situation. Here are some considerations:
• Current interest rate: we’ve got plenty of clients with long-term CDs that they took out a few years ago with very attractive interest rates. If this is the case, you may not want to “break” your current CD.
• Flexibility: with a USAA IRA you would be able to utilize a wide range of accounts-- ranging from CDs and fixed annuities to mutual fund investments in stocks and bonds. Having all of this available in one place could be advantageous.
• Diversification: in the same vein, in most cases your portfolio should include a mix of different types of investments. Designed with the thought that some will “zig” while others “zag.” You can certainly diversify your portfolio here at USAA.
In the end, your goals, risk tolerance, tax situation, and time horizon should strongly influence the choices you make – we think USAA can help you pull all of those factors together into an appropriate plan.