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Re: Get 17% in russian savings account?

8-)
https://www.youtube.com/watch?v=5yTVWXYctoY

Oh! Those Russians!


[link is to Boney M "Rasputin" music video]
by Swampy
Mon Jan 26, 2015 6:30 pm
 
Forum: Investing - Theory, News & General
Topic: Get 17% in russian savings account?
Replies: 49
Views: 4352

Re: Time to stop driving for 85 yo MIL

I think a letter from her doctor to the DMV would suffice - but with all the new laws on privacy and HIPAA, you might not get anywhere. I suppose you could call her auto insurance agent and see if the auto insurance policy can be cancelled. That, alone, might be enough to keep her from getting behi...
by Swampy
Sun Jan 25, 2015 10:48 am
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3649

Vanguard Flagship Service Experience

If anyone is using this - how satisfied are you with their services and how do you maximize your experience with them? What, if any, benefits do you like about it? Are you satisfied with their recommendations and your performance? If you were invested elsewhere, how was your prior experience with t...
by Swampy
Sun Jan 25, 2015 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Flagship Service Experience
Replies: 12
Views: 2273

Re: Annuity Concerns

I have spent several years trying to understand the benefits of an annuity and have gone to quite a few 'advisors forums' which are just slick sales pitches. My perspective is that annuities are something SOLD to people (who fear running out of money as the years progress) in order to enrich the sal...
by Swampy
Tue Jan 20, 2015 8:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuity Concerns
Replies: 8
Views: 719

Re: Preparing for baby and one income

A newborn baby needs a stay at home mom for the first 5 years of their life. EVERYTHING else is secondary.

Looking back on it, the worst mistake I made as a parent was hiring a nanny to watch my kids during their early formative years.

I mean it with all sincerity.
by Swampy
Sun Jan 18, 2015 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Preparing for baby and one income
Replies: 41
Views: 2343

Re: Florida in the summer

FWIW, I live in Florida. Travelled to NYC a few years ago when it was experiencing a "record breaking heat wave." It didn't feel 'hot' to me because the humidity was nowhere near what is experienced in Florida. Actually, I believe NYC hit 102 that day. It honestly felt cooler than a typica...
by Swampy
Sun Jan 18, 2015 4:22 pm
 
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 81
Views: 5480

Re: What do I have here? Metlife Var. Annnuity

Annuities peddled by unscrupulous shysters to the unsuspecting public (especially trusting senior citizens) as a "guaranteed investment" are the pink slime of the investment universe. In the end, the insurance company and avaricious salespeople end up with the rightful legacy instead of th...
by Swampy
Sun Jan 18, 2015 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: What do I have here? Metlife Var. Annnuity
Replies: 21
Views: 1128

Re: What is a good rule of thumb on savings vs salary?

Read the "Millionaire Next Door."

It explains what is needed in depth.
by Swampy
Sat Jan 17, 2015 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is a good rule of thumb on savings vs salary?
Replies: 19
Views: 2810

Re: Tony Robbins & Indexed Annuities

As I've alluded to elsewhere, after extensively studying the pro's and con's of putting money into an annuity, the only thing I can say about annuities is that they are the pink slime of the investment universe.

IMHO, Robbins is a self promoting con artist extra-ordinaire.
by Swampy
Sat Jan 17, 2015 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Tony Robbins & Indexed Annuities
Replies: 7
Views: 1196

Re: How do I retire?

I own a small one-bedroom apartment free...But the space IS feeling cramped...DON'T want to leave Manhattan, at least not now. As a kid growing up in the nebulous north, my family lived in a tiny home on a postage stamp sized lot. If I put my arm out the bedroom window, it was technically extending...
by Swampy
Sat Jan 17, 2015 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: How do I retire?
Replies: 53
Views: 4714

Re: How do I retire?

After years of living frugally and saving voraciously, I've managed to accumulate approximately $5.2 million in assets Unless you think living frugally means living on more than $200,000 per year, you are in the catbird seat. Bottom line, if your personal living expenses do not exceed $4000 a week,...
by Swampy
Sat Jan 17, 2015 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: How do I retire?
Replies: 53
Views: 4714

Re: How much does a large payment reduce mortgage

Go out and buy an HP 12-C calculator. It fits in your shirt pocket, is durable and is a handy-dandy tool for most things financial exactly like the question you posted. I've had the same one for nearly 30 years. Hands down, it is the BEST investment in your financial future you can make. It is insta...
by Swampy
Fri Jan 16, 2015 7:33 am
 
Forum: Personal Finance (Not Investing)
Topic: How much does a large payment reduce mortgage
Replies: 34
Views: 2678

Re: How does an Efficient Market explain Buffett?

Political connections, insider knowledge, a team of tax lawyers and corporate attorney's, who are not readily available (or affordable) to the average investor, seem to be Buffett's secret.
by Swampy
Wed Jan 14, 2015 5:21 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 249
Views: 12086

Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?

I've been reading articles and posts on "deflation" or "disinflation" being a "bad thing." OK, why is it so bad to be paying less for items that cost more last year? At the gas station, I can fill the tank for less than $40. Last year I regularly spent $70+ for the same...
by Swampy
Mon Jan 12, 2015 7:57 am
 
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 6158

Re: Saved for Down payment, but decided against house

This is money you should NOT put at risk, either in equities or bonds.

In my opinion, a short term CD or savings account yielding 1% is your safest, and most reasonable, option.
by Swampy
Sun Jan 11, 2015 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saved for Down payment, but decided against house
Replies: 5
Views: 557

Re: 16 Vanguard funds on the "Money 50" list

History reveals that anything Money magazine recommends usually goes down in value or does poorly overall compared to other investments.

This could be the kiss of death.

Darn.
by Swampy
Fri Jan 09, 2015 7:56 pm
 
Forum: Investing - Theory, News & General
Topic: 16 Vanguard funds on the "Money 50" list
Replies: 5
Views: 1121

Re: Was it a mistake to move into PenFed 5-year CDs a year a

So who is offering a 3% five year CD?

Tobyhanna's deal is a 7 year CD and the rate caps once the account reaches $100,000 (including accrued interest over those 7 years).
by Swampy
Mon Jan 05, 2015 11:01 am
 
Forum: Investing - Theory, News & General
Topic: Was it a mistake to move into PenFed 5-year CDs a year ago?
Replies: 55
Views: 4861

Re: Real Value of Nest Egg

Read "High Expectations and False Dreams" by Otar.
by Swampy
Mon Jan 05, 2015 10:58 am
 
Forum: Investing - Theory, News & General
Topic: Real Value of Nest Egg
Replies: 24
Views: 1928

Re: Was it a mistake to move into PenFed 5-year CDs a year a

It all depends on your personal financial situation. Personal circumstances prevented me from committing to the 3% PenFed CD a year ago, as these cleared up, I was ready and willing, but the offer had lapsed. By keeping a significant part of assets in liquid cash, it dragged my overall portfolio ret...
by Swampy
Mon Jan 05, 2015 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Was it a mistake to move into PenFed 5-year CDs a year ago?
Replies: 55
Views: 4861

What was the return on your portfolio in 2014?

[Thread merged into here, see below (page 3). --admin LadyGeek]

Please state what your net overall portfolio return was (inclusive of any advisor/management fee's) and what your general asset allocation was in 2014 (excluding taxes).
by Swampy
Sat Jan 03, 2015 4:49 pm
 
Forum: Investing - Theory, News & General
Topic: [Annual POLL] What was your 2014 return?
Replies: 144
Views: 14085

Re: Where to put cash now? Prefer CD's.

Only to a small degree.

The way I see it, interest rates will go up - probably sooner than later.
by Swampy
Fri Jan 02, 2015 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put cash now? Prefer CD's.
Replies: 33
Views: 6845

Re: Bunn trifecta (coffee maker)

My $10, one liter French press is perfect. Superior to any coffee maker I ever had and the flavor is smooooooth! I used to use all sorts of flavored creamers and sweeteners to make the coffee palatable. Now I just use milk and a little sweetener. I initially wanted a Bodum Chambord, but found a gene...
by Swampy
Fri Jan 02, 2015 1:31 pm
 
Forum: Personal Consumer Issues
Topic: Bunn trifecta (coffee maker)
Replies: 8
Views: 920

Re: Where to put cash now? Prefer CD's.

PenFed did not come through this year.

I guess a smaller position in Tobyhanna will have to suffice, unless someone out there has heard of another CD rate that's at least 3% for a 5 to 7 year term.
by Swampy
Thu Jan 01, 2015 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put cash now? Prefer CD's.
Replies: 33
Views: 6845

Re: What are your Financial New Year's Resolutions?

TARDIS???

Someone has been watching a Doctor Who.
by Swampy
Thu Jan 01, 2015 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your Financial New Year's Resolutions?
Replies: 44
Views: 3297

Re: PenFed CD rates up. 2% max.

I'll keep mine in CIT bank, where I get 1% in an easy access savings account.

There's absolutely no sense in tying up cash for seven years for a paltry 1% more.

It's just not worth it.
by Swampy
Thu Jan 01, 2015 7:08 am
 
Forum: Personal Finance (Not Investing)
Topic: PenFed CD rates up. 2% max.
Replies: 29
Views: 4509

Re: What are your Financial New Year's Resolutions?

LadyGeek wrote: To be prepared, as my spouse may decide to retire in 2015. :happy Reminds me of what I heard from a charming elderly woman about retirement, "I married him for better or for worse, not for lunch every day!" I get a thorough, once-a-year snapshot of all year end holdings. Af...
by Swampy
Wed Dec 31, 2014 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your Financial New Year's Resolutions?
Replies: 44
Views: 3297

What are your Financial New Year's Resolutions?

Mine are very simple: Family comes before finances. Live below my means but not scrimp to the point I don't enjoy life. Keep cutting investment costs. In the last two years, as a result of rearranging financial advisors and funds, I'm now saving 4 figures a month. Continue my allegiance with no busi...
by Swampy
Tue Dec 30, 2014 7:08 am
 
Forum: Personal Finance (Not Investing)
Topic: What are your Financial New Year's Resolutions?
Replies: 44
Views: 3297

Re: Backyard Spa

Agree with curmudgeon. Expect to spend at least an extra $500 to run a dedicated 50 amp 220 volt line just for the hot tub. Electric costs alone are about $40/month. Chemicals will run another $20/month. Put it where you can enjoy any scenery without getting rained on - it's no fun sitting in a hot ...
by Swampy
Sun Dec 28, 2014 7:29 am
 
Forum: Personal Consumer Issues
Topic: Backyard Spa
Replies: 19
Views: 2184

Re: Where to put cash now? Prefer CD's.

"Bump."

Maybe someone has heard of a better 5 year CD rate out there?

I still have cold feet with Tobyhanna's 7 year commitment and 2 year interest penalty.
by Swampy
Sun Dec 28, 2014 7:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to put cash now? Prefer CD's.
Replies: 33
Views: 6845

Re: "When Funds Insult Their Investors"

Taylor, isn't this more a symptom of the 'little people' quote elicited by Leona Helmsley years ago? It seems that active money managers and financial 'types' seem to use the investor's money as their own personal slush fund to do with as they please, whether it happens due to high operating expense...
by Swampy
Sat Dec 27, 2014 8:24 am
 
Forum: Investing - Theory, News & General
Topic: "When Funds Insult Their Investors"
Replies: 15
Views: 2691

Re: My Christmas Message To You -- 70 Years Ago.

Thank you for your service Mr. Larimore.

God Bless You and Merry Christmas!

I'm sure that the memory of that Christmas has been bittersweet every year since then.

Peace on Earth to people of good will.
by Swampy
Thu Dec 25, 2014 11:34 am
 
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Message To You -- 70 Years Ago.
Replies: 58
Views: 5113

Re: How would 84 year old lady manage $400,000 from house so

CONSERVATIVELY. However, IMHO $1500 a month is unreasonably low. Realistically, what is the life expectancy? She has already surpassed the expected US female life expectancy. Plan for the money to last another 15-16 years, but, honestly, the money is highly likely to outlast her. At this stage of li...
by Swampy
Mon Dec 22, 2014 6:27 am
 
Forum: Investing - Help with Personal Investments
Topic: How would 84 year old lady manage $400,000 from house sold
Replies: 42
Views: 4105

Re: Where to put cash now? Prefer CD's.

Joined the Consumer Council for access to Tobyhanna's 84 month CD deal. After a seemingly endless hold, I was advised that only one CD is allowed per social security number, so my wife and I can each open one up. Since the rate can adjust, it's Prime minus 3.25% with a 3% minimum guarantee and maxes...
by Swampy
Fri Dec 19, 2014 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to put cash now? Prefer CD's.
Replies: 33
Views: 6845

Re: Helping out family members

This family member and I don't see eye to eye on a lot. In the past this person has been very cruel to me, and although our relationship is mending right now, the years of cruelty aren't something I've forgotten. IMHO, it's too bad they chose to burn a bridge. Don't make their financial woes, your ...
by Swampy
Thu Dec 18, 2014 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping out family members
Replies: 64
Views: 4704

Re: Where to put cash now? Prefer CD's.

Has PenFed usually had their promo rate start in December instead of January?

If so, it doesn't look promising.
by Swampy
Thu Dec 18, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put cash now? Prefer CD's.
Replies: 33
Views: 6845

Re: Do you travel with friends in retirement?

Hmmm, the best way to lose friends is to go on a vacation with them.

Did that once many years ago with someone we thought were good friends. We found out differently.

Never again.
by Swampy
Wed Dec 17, 2014 10:44 am
 
Forum: Personal Consumer Issues
Topic: Do you travel with friends?
Replies: 53
Views: 5326

Re: Where to put cash now? Prefer CD's.

Which Consumer's Credit Union? I found several.
by Swampy
Wed Dec 17, 2014 7:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to put cash now? Prefer CD's.
Replies: 33
Views: 6845

Re: Where to put cash now? Prefer CD's.

Thanks.

I agree, john94549, time flies when you're having fun.

However, last year I got cold feet and backed away from PenFed's deal - much to my regret.

Who was it who said "He who hesitates is lost?"
by Swampy
Tue Dec 16, 2014 7:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to put cash now? Prefer CD's.
Replies: 33
Views: 6845

Re: Where to put cash now? Prefer CD's.

Bump.

Anybody know of any good CD rates out there?
by Swampy
Mon Dec 15, 2014 6:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to put cash now? Prefer CD's.
Replies: 33
Views: 6845

Re: friend has $70K; wants income from it

What does living in a flood zone have to do with getting $70,000 unless it is for damages sustained as a result of flooding?

Are there no expenses to repair or rebuild?

Anyway, the best five year CD rates are hovering around 2-2.5%, which translates into $1400-$1750 per year interest.
by Swampy
Sat Dec 13, 2014 4:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: friend has $70K; wants income from it
Replies: 11
Views: 2175

Re: Florida Keys Vacation Rental

The Keys will be outrageously expensive at this time of year. The weather is not guaranteed to be warm, either. Honestly, I'd search for a last minute cruise deal out of Miami, Fort Lauderdale or Cape Canaveral. For the price, you'll get a place to sleep, all your meals, transportation to other land...
by Swampy
Sat Dec 13, 2014 12:12 pm
 
Forum: Personal Consumer Issues
Topic: Florida Keys Vacation Rental
Replies: 24
Views: 2279

Where to put cash now? Prefer CD's.

Any suggestion on where to put cash now? No, not equities or bonds at this point. Any higher rate CD's out there? Term doesn't matter, however surrender penalties do. I found a 10 year CD 3% APY, but with a three year interest penalty for early withdrawal. No thanks. I've checked the 'usual' places ...
by Swampy
Sat Dec 13, 2014 8:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to put cash now? Prefer CD's.
Replies: 33
Views: 6845

ACA - Obamacare Tax Credit Question

What happens if I over-report my income and find out, after the fact, that I could have had a higher tax credit as based on adjusted gross income on the 1040 form? Is it lost? Is it carried over to the next year? What are the rules for loss carry-overs or carry-forwards from previous year's taxes as...
by Swampy
Tue Dec 02, 2014 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA - Obamacare Tax Credit Question
Replies: 1
Views: 386

Re: Today is Thanksgiving Day for my family

Our kids came home yesterday for Thanksgiving.

They're safe and sound.

That's all that matters.

A 21 year old classmate who was shot is paralyzed for life.
What an utter tragedy.
by Swampy
Thu Nov 27, 2014 6:43 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Today is Thanksgiving Day for my family
Replies: 7
Views: 1566

Today is Thanksgiving Day for my family

This has nothing to do with investing: At 1 AM, we received a message from our kids that they were OK. They had just left the Florida State University library where they had been for hours studying for final exams. A few minutes later gunfire broke out. By the time it was over, three FSU classmates ...
by Swampy
Thu Nov 20, 2014 12:56 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Today is Thanksgiving Day for my family
Replies: 7
Views: 1566

Setting up a Trust

Interesting question posed by the lawyer - "What would happen to the estate if the entire immediate family was wiped out like in a plane crash?" The thought of having the family getting wiped out crosses my mind every time we all board a jet, but honestly I had not given thought to who get...
by Swampy
Thu Nov 13, 2014 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Setting up a Trust
Replies: 2
Views: 347

Market return and elections

My father-in-law was a big believer in market cycles being related to elections. Completely independent of political affiliation or beliefs, he specifically believed that the first two years after a presidential cycle election, the market was lousy. He also believed that the market did well after a ...
by Swampy
Wed Nov 05, 2014 8:45 am
 
Forum: Investing - Theory, News & General
Topic: Market return and elections
Replies: 7
Views: 938

Re: Pool gas heater makes banging noises

FOLLOWUP: Earlier: I've had a sidewalk consult with a few pool people. They came up with a few suggestions, none of which was really appealing. One indicated it could be a bypass valve that would run about $6-800 to replace (and I'd still have a ten year old heater). The other option is replacing it...
by Swampy
Wed Nov 05, 2014 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Pool gas heater makes banging noises
Replies: 7
Views: 738
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