If you hear someone use the letters “CD,” they are abbreviating the term “certificate of deposit.” And according to Investopedia, a CD is A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are generally issued by commercial banks and are insured by the FDIC. The term of a CD generally ranges from one month to five years.
It can get a bit confusing, but for a more clear explanation with examples, click on the video and listen to Scott Halliwell from USAA.
Earlier this year I attended my Transition Assistance Program (TAP) class ahead of my planned 1 August 2014 retirement. After completing the week of training with 25 other military members (both officers and enlisted), I was left with some thoughts about the program and life after the military.
TAP class, whose name is now Transition GPS due the passage of the 2011 Vow to Hire Heroes Act, was heavily geared towards providing military members the tools to become Government Service (GS) employees or defense industry professionals. I certainly understand why. After all, everyone in the class served in the military their entire career, some spanning over 30 years. It makes sense that most would want to capitalize on the skills they acquired during their many years of service.
About Macho Spouse...
Macho Spouse is an educational video series and online resource for male military spouses.
Our mission is to help male military spouses connect with one another and assure that we are not alone in this military family lifestyle.