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Re: Vanguard cd question [Brokered CDs]

I was looking the the Fidelity brokered CDs. I presume they are similar. The rates look similar to the highest earning CDs I've seen available. It appears that if you want to sell a brokered CD on the secondary market then the CD becomes like a bond. If rates raise then someone will offer less for ...
by dm200
Thu Dec 18, 2014 1:41 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard cd question [Brokered CDs]
Replies: 15
Views: 1861

Re: ACA insurance Q... for 26 yo child coming off my insuran

IMO - no right answer for everyone. All depends on the details of her situation. While a low premium, high deductible plan might seem to be dollars and/or numbers "best", I would also consider the health and behavioral aspects of the choice. If she, for example, is (or may be) savings &quo...
by dm200
Wed Dec 17, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA insurance Q... for 26 yo child coming off my insurance
Replies: 5
Views: 464

Re: Selling Vehicle of Deceased

This is entirely subject to Iowa state law. I am not familiar with the estate laws and probate procedure in IA and IANAL. Think about it. The purpose of estate law and probate procedures are to resolve the issue of assets, liabilities, and the distribution of net assets if any. If you could just di...
by dm200
Wed Dec 17, 2014 3:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling Vehicle of Deceased
Replies: 26
Views: 2035

Re: Regulatory guidance - occupation information requirement

I will not (because I cannot fully) explain the "logic" of such requests or requirements. Bottom line - it does not matter. Financial institutions are subject to significant regulatory and statutory requirements regarding anti-money laundering, and all sorts of related bad things that may ...
by dm200
Tue Dec 16, 2014 10:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 19
Views: 1557

Re: Selling Vehicle of Deceased

The first thing I'd do is call a used car dealer in Iowa and see what they say. Is the car in Iowa? Did one of you have power of attorney for your father in law? I suspect a used car dealer would take title from someone having power of attorney; that's something you can ask a used car dealer. Anoth...
by dm200
Tue Dec 16, 2014 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling Vehicle of Deceased
Replies: 26
Views: 2035

Re: Selling Vehicle of Deceased

The first thing I'd do is call a used car dealer in Iowa and see what they say. Is the car in Iowa? Did one of you have power of attorney for your father in law? I suspect a used car dealer would take title from someone having power of attorney; that's something you can ask a used car dealer. Anoth...
by dm200
Tue Dec 16, 2014 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling Vehicle of Deceased
Replies: 26
Views: 2035

Re: Car buying questions ...

In addition to what you might save on a fixed, know price for a new car - one of the added benefits of using some buying services (such as UBS in the Washington DC area) is that you can go through the detailed models, options, add-ons, etc. and select exactly the car features you want and do not wan...
by dm200
Tue Dec 16, 2014 2:18 pm
 
Forum: Personal Consumer Issues
Topic: Re: Car buying questions ...
Replies: 10
Views: 1626

Re: Need help with men's exercise clothes please

I must be another guy "in the Dark Ages" -- BUT I plan to stay there! I go to a gym almost every day (for the past 4 years) and in the past year my cotton or cotton-blend T-shirts get soaking wet as well. So what? I shower, change into regular clothes, put the wet T-shirt in the gym bag un...
by dm200
Tue Dec 16, 2014 12:02 am
 
Forum: Personal Consumer Issues
Topic: Need help with men's exercise clothes please
Replies: 54
Views: 2901

Re: Helping out family members

So I have a family member that has made it clear and public to the rest of the family that they are going through financial trouble. They're concerned about being evicted from their apartment and not being able to meet their bills. This family member has asked other family members for financial ass...
by dm200
Mon Dec 15, 2014 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping out family members
Replies: 59
Views: 3583

Re: Car buying questions ...

The very last line of every tru car quote is the dealer doc fee Dealers might add a runners fee to go to the dmv (even if they can register the car from their office) Call the dealer and ask I thought my son was a good enough driver to use my new jeep last winter. $32,000 from the insurance company...
by dm200
Mon Dec 15, 2014 5:15 pm
 
Forum: Personal Consumer Issues
Topic: Re: Car buying questions ...
Replies: 10
Views: 1626

Re: Federal Retiree Insurance and Medicare

Are their any on the forum who are retired from the Federal Government who have both Medicare and that kept their federal health insurance after retirement. As I understand it, once a federal employee becomes 65 and goes on Medicare their federal health insurance is treated like a supplemental poli...
by dm200
Mon Dec 15, 2014 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Insurance and Medicare
Replies: 8
Views: 490

Re: Medical Necessity and the Insurance Appeals Process

My wife and I have been fortunate over the years - that only a few times have ther been denials of coverage. About half of the last 4 decades we were covered by different kinds of insurance (PPO. HMO and "old fashioned" pay whatever). I am not including the periods when covered by Kaiser w...
by dm200
Sun Dec 14, 2014 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1125

Some higher rates available on Brokered CDs

As often happens near the end of the year, there are some higher rates available on Vanguard brokered CDs. One month term available at 0.40%, three month at 0.50% and this gem : 94 day term (settles 12/29 and matures 4/2) at 0.55%. I grabbed this one! I expect there may be more of these kinds of rat...
by dm200
Fri Dec 12, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some higher rates available on Brokered CDs
Replies: 2
Views: 555

Re: What to do with profits: disagreements with partners

we purchase equipment for the office that, though not currently needed, will be used in the future


This aspect puzzles me. Depending on the type of "equipment", it seems to me that it might not be used as anticipated, especially if it is technology-type equipment.
by dm200
Fri Dec 12, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do with profits: disagreements with partners
Replies: 9
Views: 1044

Re: Totally Stressed. Husband lost job.

my husband is now doing self-employment work 1099 etc - and yes he is doing ok - I just hate living this way -- waiting for the money to come in etc etc. I think it is a good idea for your husband to do what work he can do, and not place all hope in fighting the being let go. he may not win. I work...
by dm200
Thu Dec 11, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Totally Stressed. Husband lost job.
Replies: 28
Views: 6344

Re: sizeable negative balaance on credit card--how to access

I believe you can get that amount refunded to you, especially since it is a significant amount. I suggest making such a request to the card company.
by dm200
Wed Dec 10, 2014 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: sizeable negative balaance on credit card--how to access?
Replies: 24
Views: 2714

Re: Toddlers first flight

Also, to the degree that it is possible and practical, engage the flight attendants in helping to "engage" the children during the flight. That can depend a great deal on the "personality" of the child, of course.
by dm200
Wed Dec 10, 2014 9:22 pm
 
Forum: Personal Consumer Issues
Topic: Toddlers first flight
Replies: 30
Views: 1828

Re: Banks that allow Fiduciary Accounts?

Hello all, Wondering if anyone has ever opened a fiduciary account with a bank? My father is able to receive financial benefits from the VA but due to his dementia they will solely pay the monies into a proper fiduciary account. I can become his fiduciary if I am able to open such an account. I cal...
by dm200
Wed Dec 10, 2014 9:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Banks that allow Fiduciary Accounts?
Replies: 2
Views: 351

Re: Toddlers first flight

We decided to fly this trip and we are nervous. We don't want other passengers to hate our guts. Our kids are recovering from ear infections also. Their ears may hurt during flight. I'm bring everything bottles, toys, food and pacis. I will have motion sickness therefore my husband has to deal with...
by dm200
Wed Dec 10, 2014 4:59 pm
 
Forum: Personal Consumer Issues
Topic: Toddlers first flight
Replies: 30
Views: 1828

Re: How does turnover increase costs?

Looking at the vanguard and fidelity international market index funds, I noticed VG has a lower ER but higher turnover. Is turnover factored into the ER or is it separate? If its separate, does the turnover increase costs regardless if the fund is held in a taxable or tax Advatage account? And the ...
by dm200
Wed Dec 10, 2014 4:42 pm
 
Forum: Investing - Theory, News & General
Topic: How does turnover increase costs?
Replies: 12
Views: 486

Re: Ex-landlord won't return deposit

I've rented properties from 5 outfits in three states, and NEVER got a deposit back, despite leaving all the places neat as a pin. My favorite landlord was the one that decided to 'hire' one of his tenants to do work on the place in lieu of a month or two of rent, and then after the work was done, ...
by dm200
Sun Dec 07, 2014 11:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ex-landlord won't return deposit
Replies: 29
Views: 3127

Re: Ex-landlord won't return deposit

Thanks for your help! Was this a rental from an apartment complex (company/corporation) or a rental from an individual, such as a condo owner? If it was from an apartment complex, then you might escalate up the company/corporate ladder to a higher official in the company. if from an individual (sma...
by dm200
Sun Dec 07, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ex-landlord won't return deposit
Replies: 29
Views: 3127

Re: FICA in Retirement

Looking for some experienced intelligence on what to expect regarding taxes in retirement. Without all the specifics, I just learned that when I retire my company will use the first few pension checks to prepay FICA I would owe in retirement so none is taken out point forward. Anyone hear of this? ...
by dm200
Sun Dec 07, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: FICA in Retirement
Replies: 10
Views: 1613

Re: How to sell very small business (or even if)

To all you helped me with some advice. My wife has sold her business, all contracts signed and an effective date of January 1, 2015. Actually we did not sell the business, just the goodwill. Actually received 2 offers. I agreed with Bungalow10, the sale is a client list and goodwill. First offer wa...
by dm200
Sun Dec 07, 2014 11:12 am
 
Forum: Personal Finance (Not Investing)
Topic: How to sell very small business (or even if)
Replies: 12
Views: 1328

Re: buying CDs from Vanguard?

I haven't bought CDs since I closed my ING account. Haven't pulled the trigger with other vendors, mostly due to the (to me) extra hoops you need to jump. At ING I could tell them what I want to do with my CD when it matures, e.g. rollover, send to my bank account, buy new CD with longer\shorter te...
by dm200
Sat Dec 06, 2014 2:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: buying CDs from Vanguard?
Replies: 2
Views: 605

Re: Giving money to your alma mater: Have to vent

A little while ago while I was suffering through a long period of unemployment, I got a call from my alma mater. They were asking for a donation. I politely told the kid that I can't afford it at the moment, but I'd be happy to do so in the future. But then the kid kept on with a sales pitch. I did...
by dm200
Thu Dec 04, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Giving money to your alma mater: Have to vent
Replies: 166
Views: 16465

Re: Medicare signup

1. As I have posted before, there can be very big differences in Medicare Advantage (MA) Plans, so evaluate the particular plan(s) available and you are considering. Some can be excellent. 2. If available in your area, evaluate the less common Medicare Cost (MC) plans - just as you would an MA plan....
by dm200
Wed Dec 03, 2014 10:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare signup
Replies: 36
Views: 2145

Re: ACA & Medicare plus Roth Conversion

I can't answer why the gubmint decided to monkey around with people's birthdays. Maybe there is a retired SSA person on here who knows the background of it ? As for why everything is effective on the first of a month I am guessing that when social security was set up no one wanted the headache of f...
by dm200
Wed Dec 03, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA & Medicare plus Roth Conversion
Replies: 10
Views: 1182

Re: Selling a rented house

The two homes may be identical, but sale price aside, the mortgages with different LTV ratios are not equal assets for the lender. Remember, the borrower's mortgage is the lender's investment, and the value of an investment depends on the degree of risk that it may not return the expected rate of r...
by dm200
Wed Dec 03, 2014 12:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Selling a rented house
Replies: 39
Views: 3083

Re: ACA & Medicare plus Roth Conversion

I turned 65 last August. The interesting thing to me is that with an August birthday I can delay Part B Medicare until July 1st and not have to a pay a penalty because it will have been only 11 months and not a full 12 months. ................... Yes, along as your birthday is not August 1 This is ...
by dm200
Wed Dec 03, 2014 12:48 am
 
Forum: Personal Finance (Not Investing)
Topic: ACA & Medicare plus Roth Conversion
Replies: 10
Views: 1182

Re: Best CD rates ...

While the distinction is less relevant to retirees who harvest interest, others might note that brokered CDs do not "compound", i.e., the interest is credited, paid, and swept into your MMF (or sweep account) and not re-invested into the CD. Thus, there is a re-investment decision. New pu...
by dm200
Wed Dec 03, 2014 12:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Best CD rates ...
Replies: 49
Views: 4357

Re: Will Vanguard ever offer a passbook savings account?

What I would really like to see is the Vanguard Brokerage required "sweep" account (now must be a Vanguard MM Fund, either Prime or Tax Exempt) be and FDIC Insured "bank" account. I have heard that some brokerage firms and some Mutual fund companies have sweep-type accounts in FD...
by dm200
Wed Dec 03, 2014 12:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard ever offer a passbook savings account?
Replies: 36
Views: 2355

Re: Best CD rates ...

Vanguard's brokered CDs are not competitive at current rates. Since risk on brokered CDs is slightly higher than on ordinary CDs, there has to be an interest rate premium. Risk is you need to sell before term is up: With a brokered CD, you have to take what the market will give you. With an ordinar...
by dm200
Tue Dec 02, 2014 7:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best CD rates ...
Replies: 49
Views: 4357

Re: Will Vanguard ever offer a passbook savings account?

Their MM fund is as close to a bank account as one can get, it offers check writing and EFT out and pays .01% interest. No FDIC insurance but the Federal government didn't let the Lehman Brothers bankruptcy "break the buck" for MM funds in 2008. They set up an FDIC type of insurance, no l...
by dm200
Tue Dec 02, 2014 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard ever offer a passbook savings account?
Replies: 36
Views: 2355

Re: Tobyhanna credit union

NCUA is as good as FDIC. However, be aware that not every credit union is covered by the NCUA. I think there are still a handful of states, including CA, in the United States that permit credit unions to operate using private insurance. I would not hold substantial amounts of money in these. So jus...
by dm200
Tue Dec 02, 2014 6:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tobyhanna credit union
Replies: 7
Views: 536

Re: Tobyhanna credit union

Always independently verify the NCUA insurance for any credit union [same advice for banks and FDIC]. Go to the NCUA web site http://www.ncua.gov and look up the credit union. Make sure you deal with the location you verify at the NCUA web site. Anybody can put a sticker on the door or label on a we...
by dm200
Tue Dec 02, 2014 6:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tobyhanna credit union
Replies: 7
Views: 536

Re: ACA & Medicare plus Roth Conversion

I do not think you can take advantage of an ACA plan to get lower costs than Medicare when you are eligible for Medicare (beginning of the month in which you turn 65). Thank you for the reply. My understanding is that one has a 7-month window in which to apply for Medicare and all its many parts (A...
by dm200
Tue Dec 02, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA & Medicare plus Roth Conversion
Replies: 10
Views: 1182

Re: Selling a rented house

OK, but isn't (primarily at least) the maximum amount of the mortgage directly related to the appraised value of the home? So, for example, if identical twins Pat and Chris (with identical incomes, credit history, etc.) decide to purchase identical homes (using the same mortgage lender) and these i...
by dm200
Tue Dec 02, 2014 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling a rented house
Replies: 39
Views: 3083

Re: Donor Advised Funds to Lower Capital Gains Tax

I too use Schwab. I believe that once the money is donated it belongs to the DAF, aka a charity. It is the charity that pays the fees, not you. This is my understanding of how it works. If I am mistaken, please let me know. Yes - the charity (DAF) pays the investment/management fees. BUT, the fees ...
by dm200
Tue Dec 02, 2014 12:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Donor Advised Funds to Lower Capital Gains Tax
Replies: 5
Views: 505

Re: Selling a rented house

The extra $15,000 in your example is probably a lot more than most lease-to-by agreements, but that's not really important. What IS important is that it is not a down payment on the home. It is a fee or price that the wanna-be-buyer pays to the landlord/owner for an "option to buy" agreem...
by dm200
Tue Dec 02, 2014 12:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Selling a rented house
Replies: 39
Views: 3083

Re: Best CD rates ...

A note about FDIC insurance on brokered CDs. I believe all CDs Vanguard sells are FDIC insured, but no matter where you buy a brokered CD, check on that. In the cases where I've owned a brokered CD from a bank that has gone belly up (waves to Puerto Rico), instead of the acquiring bank taking over ...
by dm200
Tue Dec 02, 2014 12:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Best CD rates ...
Replies: 49
Views: 4357

Re: Donor Advised Fund with lower minimum investment?

IMO absent significant tax rate arbitrage, the case for using a DAF with cash donations diminishes quickly. There are other benefits (e.g. making donations anonymously) but those are minor. If you are not, with your "normal" level of qualifying charitable donations, able to itemize, a lar...
by dm200
Tue Dec 02, 2014 12:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund with lower minimum investment?
Replies: 12
Views: 1004

Re: ACA & Medicare plus Roth Conversion

I do not think you can take advantage of an ACA plan to get lower costs than Medicare when you are eligible for Medicare (beginning of the month in which you turn 65).
by dm200
Mon Dec 01, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA & Medicare plus Roth Conversion
Replies: 10
Views: 1182

Re: Best CD rates ...

Brokered CD is a bond with fdic CD guarantee. other than the guarantee they are treated like bonds. have to sell on secondary market if you want out prior to term. I am no bond expert, but my understanding is that for actual "bonds" - the bid/ask spread may be smaller. Perhaps others with...
by dm200
Mon Dec 01, 2014 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best CD rates ...
Replies: 49
Views: 4357

Re: Selling a rented house

Lease-to-own is typically renting the property to a tenant with an slightly higher monthly rental fee, with an agreement that the extra rent will be credited toward the purchase price in a year or two when the tenant has the option to buy the house at an agreed-upon price. At that time, the tenant ...
by dm200
Mon Dec 01, 2014 6:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling a rented house
Replies: 39
Views: 3083

Re: Best CD rates ...

Fidelity Fixed Income/CD rate page: https://fixedincome.fidelity.com/ftgw/fi/FILanding 5yr brokered CD 2.3% Thanks, trying to my head around, "what is a brokered CD ?" Let me take a shot at this, probably leaving out important stuff. Say you buy a brokered CD from Vanguard. You pay whatev...
by dm200
Mon Dec 01, 2014 6:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best CD rates ...
Replies: 49
Views: 4357

Re: Best CD rates ...

That range for a 5 yr CD is very good. I wouldn't worry about the on line bank. Just be sure to understand the early redemption penalty and if the bank retains the right to refuse early redemption. That goes for brick and on line bank CDs. Vanguard offers a brokerage 5 yr CD at 2.3% (FDIC). It is b...
by dm200
Mon Dec 01, 2014 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best CD rates ...
Replies: 49
Views: 4357

Re: Best CD rates ...

One point I didn't mention but I learned from this forum is if it is a large amount don't buy a single CD. e.g If you have 100k don't buy 1 5 yr 100k CD. Suppose you only need 20k you will pay the early redemption fee on the whole amount (usually). So buy several 5 yr CDs. e.g. a 5k, 10k, 20K, 30k,...
by dm200
Mon Dec 01, 2014 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best CD rates ...
Replies: 49
Views: 4357

Re: Selling a rented house

Thank you for the creative ideas. This property is owned by an LLC. At this point, this is the only thing that the LLC owns, and the Members want to close the LLC to simplify life. Would rent-to-own, or offering to carry the mortgage, require keeping the LLC open? Hmmm... Maybe one of the Members p...
by dm200
Mon Dec 01, 2014 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling a rented house
Replies: 39
Views: 3083

Re: Best CD rates ...

why does PenFed change their cd rates so often, and so dramatically? seems like other banks change their rates much more gradually and less frequently, and PenFed just skips around, going up and going down I do not know the specifics of PenFed, but different Financial Institutions (banks, credit un...
by dm200
Mon Dec 01, 2014 11:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Best CD rates ...
Replies: 49
Views: 4357
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