Although we do not have a specific account type labeled CD, Bond, or I Bond, etc, you have the ability to enter a these accounts in using the steps below.
Taxable (After-Tax) Account
Enter a CD
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" 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
The above method will create interest income on an annual basis, which will create an income tax liability.
CD and Bond Ladders
If you prefer to model CD or Bonds with a ladder strategy, exclude the account from the Withdrawal Strategy.
Head to My Plan > Income > Pensions and add a Lump Sum Pension directed to the account for the interest.
Then head over to My Plan > Money Flows > Transfers and enter a Transfer of the CD or Bond account balance (principal and interest) to a savings or checking account at the maturity date.
Pre-Tax Account (i.e. Traditional IRA)
If you're planning to reinvest the CD proceeds within your retirement account rather than withdraw them, there's no need to model those as transfers. Transfers are more appropriate when funds are moved between different account types or for taxable events.
The only reason to model each CD as a separate account would be if you want to track each individual interest rate. If that level of detail isn’t important to you, a simpler approach is to model your CDs as a single account using a blended interest rate. Even more streamlined would be to include them within your overall retirement account and use a blended rate of return that reflects both your CDs and any other investments, like stocks.
To model reinvestment within the ladder, you can either keep the same account and rate of return or adjust the rate once in the future to reflect your expectations about where CD rates may be when you reinvest.