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Retirement Savings Options

Wednesday, December 28, 2011

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Retirement Savings Options

Guaranteed Investment Contracts GICs for short, guaranteed investment contracts are fixed-income contracts issued by insurance companies as an investment option for 401(k) retirement plans. Another, more common, name for GICs is “stable value funds.” Like Certificates of Deposit, only tax-deferred, GICs pay a fixed-interest rate for a specified period of time (e.g. 3 to 5 […]

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