20 Amazing Things Retirees Should Do With Their Money

Invest in Step-Up CDs

A step-up CD allows you to raise the interest rate on your investment to the then-current rate. Although many step-up CDs grant this privilege once during the original CD term, some have multiple step-up options. These types of CDs can be great investments for retirees, as they not only take advantage of rising interest rates but are also FDIC-insured.