May individuals invest in CDs and CD ladders with the fixed income portion of their portfolio. Although we do not have an account type to accommodate CD, you have the ability to enter a CD in My Plan using these steps.

STEP 1: Head on over to My Plan > Accounts and Assets
STEP 2: Press on Create an Account + and select Investment/Savings/Checking

STEP 3: Give the account a descriptive name, "CD 3" years, for example

STEP 4: Select Ordinary Income as your tax treatment

STEP 5: Enter the balance of the CD

STEP 6: Set the optimistic and pessimistic rates of return

The above method will create interest income on an annual basis, which will create an income tax liability.

If you prefer to model the CD interest at the maturity date, you may want to follow these directions.

STEP 1: Head on over to My Plan > Accounts and Assets
STEP 2: Press on Create an Account + and select Investment/Savings/Checking

STEP 3: Give the account a descriptive name, "CD 3" years, for example

STEP 4: Select Ordinary Income as your tax treatment

STEP 5: Enter the balance of the CD

STEP 6: Set the Rate of Return to 0%

STEP 7: Exclude the account from the Withdrawal Strategy

Then, you may

STEP 8: Head over to My Plan > Money Flows > Transfers and enter a Transfer of the balance to a savings or checking account at the maturity date.

STEP 9: Add a lump sum pension directed to the CD account or the recipient account (My Plan > Income > Pensions) for the interest coming in at maturity.