I wouldn’t use IRA as a vehicle if you plan to use that money anytime soon. Only put $ in IRA if you plan to leave it in there till you retire, i.e. 59.5 yrs of age. Personally, I don’t really like CD right now either. With the online banking such as GMAC giving you 4.75% and your $ is totally liquid, there’s no need to tie it up in a CD for maybe .25% more. That’s why I’m doing now. All my $ are in GMAC making 4.75%. I can buy a house with that money at anytime and I don’t have to worry about penalty.
