Search found 132 matches

by yorkpond
Sat Dec 10, 2016 2:54 pm
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 121
Views: 11852

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

Hi All, I bought the Andrews CD on 12/9. Interest is paid quarterly. Does anyone know when the first interest payment will post if bought in December? Called customer service twice and they did not know. Thanks for any advice! :happy Should be 12/31. My Andrews IRA CDs have been posting interest at...
by yorkpond
Sat Dec 10, 2016 9:48 am
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 121
Views: 11852

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

Hi All,

I bought the Andrews CD on 12/9. Interest is paid quarterly. Does anyone know when the first interest payment will post if bought in December? Called customer service twice and they did not know.
Thanks for any advice! :happy
by yorkpond
Fri Dec 02, 2016 10:18 am
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 121
Views: 11852

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

Yes, we can get the 6mo,3% share certificate by calling Andrews. If you do it on-line, only the 3mo,3% is available. Call them and tell them you want the 6mo, 3% cd that was available when you opened the basic savings account. They did it for me. Good luck!!
by yorkpond
Fri Dec 02, 2016 9:56 am
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 121
Views: 11852

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

I can actually still see the 6-month special rate online, but not from within my Andrews account. Let me explain: No 6-month Special ⋅ Go to https://www.andrewsfcu.org ⋅ Enter your SmartConnect ID up top, and continue logging into your account ⋅ From inside your accoun...
by yorkpond
Fri Dec 02, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 121
Views: 11852

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

I opened a 3 month certificate in my wife's account using their online interface (SmartConnect). Everything appeared to work and the certificate is showing up in her online accounts. This then is the way to go... Just open the basic savings account required for establishing a membership, push money...
by yorkpond
Wed Nov 30, 2016 8:15 pm
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 121
Views: 11852

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

Just a word of warning on something I found out about yesterday... If you open the Andrews account with the minimum of $5 you'll get hit with a $29 fee (from Andrews) if your bank makes the typical 2 small deposits and then withdraws them when you link an external account. Something about the order...
by yorkpond
Wed Nov 30, 2016 10:50 am
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 121
Views: 11852

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

I just opened the savings account and want to ACH money into that account to fund a CD. But at first glance, it appears I can only ACH in $5,000 per day. Am I reading that right? That seems low. What you need to do is connect an external bank and then push the money into Andrews from the external b...
by yorkpond
Tue Nov 22, 2016 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Okay to keep over 250K cash in one savings acount?
Replies: 19
Views: 2743

Re: Okay to keep over 250K cash in one savings acount?

:happy EBSBdirect.com which is East Boston Savings Bank is offering 1.25% to open a money market account. Yes, $500,000 insured for a joint account. Just did it and an easy process.
by yorkpond
Sun Nov 20, 2016 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Is a Medigap plan worth it, with our assets?
Replies: 30
Views: 2949

Re: Is a Medigap plan worth it, with our assets?

Can I get some advice on Medigap? I’ve been trying to figure out the answers to my questions with Google searches and seem to only find the Medicare website itself, whose info is reliable but doesn’t make answering my questions too easy, or websites that are thin and general for info, or turn out t...
by yorkpond
Fri Nov 18, 2016 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 52103

Re: Changes to Social Security

Hello, Just to be clear from posts today, it is not set in stone for the higher wager to wait until 70 to claim. Husband 66 in 6/17 Wife 63 in 11/16 When wife turns 66, she can claim spousal benefit for 4 years at the same time husband files for his benefit. He will be 68 and 5 months. Then wife fil...
by yorkpond
Tue Nov 15, 2016 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds suck
Replies: 46
Views: 6407

Re: Bonds suck

OK, I know this is a bit of an overstatement, but I'm just not impressed. I bought into a bond fund about a year ago, and to be honest, it looks like I should've just kept my money in a high-yield savings account. Now with the election, it looks like bonds have taken a total dump. What is the curre...
by yorkpond
Thu Oct 13, 2016 10:50 am
Forum: Investing - Theory, News & General
Topic: EBSB.com(East Boston Savings Bank) 1.25% Money Market
Replies: 12
Views: 768

Re: EBSB.com(East Boston Savings Bank) 1.25% Money Market

$8 monthly maintenance fee only applied if account balance falls below $2500. :happy Do you have a citation? Thanks! Nevermind. I must be blind! From the same agreement: "If you maintain a $2,500.00 minimum daily balance during the statement cycle, the $8.00 monthly maintenance fee will not be...
by yorkpond
Thu Oct 13, 2016 10:35 am
Forum: Investing - Theory, News & General
Topic: EBSB.com(East Boston Savings Bank) 1.25% Money Market
Replies: 12
Views: 768

Re: EBSB.com(East Boston Savings Bank) 1.25% Money Market

$8/mo. maintenance fee? Is this fee applied for small deposits or any account? I don't know. I was asking. This is in the "Agreements and Disclosures" https://www.ebsbdirect.com/uploads/documents/agreements-and-disclosures.pdf on sheet 5: FEES AND CHARGES. The following fees and charges m...
by yorkpond
Thu Oct 13, 2016 10:24 am
Forum: Investing - Theory, News & General
Topic: EBSB.com(East Boston Savings Bank) 1.25% Money Market
Replies: 12
Views: 768

Re: EBSB.com(East Boston Savings Bank) 1.25% Money Market

nominalBob wrote:$8/mo. maintenance fee?


Is this fee applied for small deposits or any account?
by yorkpond
Thu Oct 13, 2016 9:42 am
Forum: Investing - Theory, News & General
Topic: Retirees: Where are you going for income?
Replies: 102
Views: 14265

Re: Retirees: Where are you going for income?

Hello,

Where is a credit union CD for 2.6% for 5 years available? It was mentioned in this post. Thanks!
by yorkpond
Wed Oct 12, 2016 8:35 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Where are you going for income?
Replies: 102
Views: 14265

Re: Retirees: Where are you going for income?

No free lunches - you are taking some credit and duration risk - but I do like the iShares LQD ETF. No free lunch is right. LQD dropped more than 19% when the credit risk showed up between 9/12/2008 and 10/10/2008. I owned some before that, and bought more when it dropped (but not at it's lowest po...
by yorkpond
Wed Oct 12, 2016 10:41 am
Forum: Investing - Help with Personal Investments
Topic: taxable account - what to buy? part of my contingency fund
Replies: 13
Views: 1072

Re: taxable account - what to buy? part of my contingency fund

Redneck Bank. 1.25% APR for their megamoney account. Be aware that for the first 30 days, you can only put $1000 max a day in. The 1.25% is up to $35k. Note, their website is down today (10/12) for maintenance. On http://www.depositaccounts.com there is a MM at East Boston Savings Bank (EBSB) at 1....
by yorkpond
Wed Oct 12, 2016 10:20 am
Forum: Investing - Theory, News & General
Topic: EBSB.com(East Boston Savings Bank) 1.25% Money Market
Replies: 12
Views: 768

Re: EBSB.com(East Boston Savings Bank) 1.25% Money Market

Jack FFR1846 wrote:Thanks for the tip. I'm using Redneck Bank which is giving my wife fits (that can't be a real bank) for their 1.25% APR mega money account. EBSB is a real bank and in driving distance.....


East Boston Savings Bank has been in Boston since 1849! This although can be only opened on line.
by yorkpond
Wed Oct 12, 2016 10:13 am
Forum: Investing - Theory, News & General
Topic: EBSB.com(East Boston Savings Bank) 1.25% Money Market
Replies: 12
Views: 768

EBSB.com(East Boston Savings Bank) 1.25% Money Market

Hi All,

Read today on Depositaccounts. com that EBSB.com is offering 1.25% money market 3 savings account. Good from 10K to 2 Million. For emergency money it is not a bad deal.

I opened it today on-line. Check it out.
by yorkpond
Mon Oct 10, 2016 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendations for Medigap Plan G?
Replies: 14
Views: 1383

Re: Recommendations for Medigap Plan G?

I'm considering changing from the Plan F Medigap policy (USAA) I currently have to a Plan G Medigap policy. I keep reading that Plan G is more competitively priced and that Plan F premiums will probably increase greatly since it is being phased out in 2020. I'm interested in others' experience with...
by yorkpond
Tue Sep 27, 2016 10:45 am
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 3247

Re: Where to spend January-March in Winter??

While in Tucson, take a short, bus tour to Rocky Point, Mexico, or go to San Diego for a west coast of Mexico cruise. Try a direct flight from the mainland to Kona on the Big Island of Hawaii to look at what to try the following year. Keep checking other places until you find somewhere worth stayin...
by yorkpond
Mon Sep 26, 2016 9:39 pm
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 3247

Re: Where to spend January-March in Winter??

For $4k a month budget you can live anywhere in the world. Why just the U.S? Family is just a short plane ride away from...let say....Costa Rica? It much safer than California and Florida too. Anyway, I would think Hawaii would be a no brainier....for me anyway. You are right, we have some great id...
by yorkpond
Mon Sep 26, 2016 9:24 pm
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 3247

Re: Where to spend January-March in Winter??

joebh wrote:
yorkpond wrote:We live in Maine and winters can be very harsh.


Do you live in York, Maine?


We sure do! :happy
by yorkpond
Mon Sep 26, 2016 9:22 pm
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 3247

Re: Where to spend January-March in Winter??

tennisplyr wrote:Spent the last 3 winters in Sarasota and had a ball. Lots of tennis, beaches and good weather. Of course, it depends on what you're looking for but you can definitely find a nice place for <$4000. PS, you better hustle it's getting late.


Thanks, we'll start looking in Sarasota tomorrow! :happy
by yorkpond
Mon Sep 26, 2016 9:21 pm
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 3247

Re: Where to spend January-March in Winter??

Toons wrote:Ditto On The Gulf Coast Of Florida :happy


Thanks so much, I'll take your advice and the others who suggested this :happy
by yorkpond
Mon Sep 26, 2016 9:19 pm
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 3247

Re: Where to spend January-March in Winter??

You live in Maine. Let me repeat that. You live in Maine. You want warm, yet you say there is nothing to do in Florida except beach and pool. In the whole state of Florida you cannot find anything to do that might suit you? Don't worry OP -- I choose ME over FL any day of the week too! Except for J...
by yorkpond
Mon Sep 26, 2016 6:06 pm
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 3247

Re: Where to spend January-March in Winter??

You live in Maine. Let me repeat that. You live in Maine. You want warm, yet you say there is nothing to do in Florida except beach and pool. In the whole state of Florida you cannot find anything to do that might suit you? We live in a big country with lots of things to see and do. We have the lux...
by yorkpond
Mon Sep 26, 2016 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

I've only read about 1/3 of the responses so far, so apologies if this has already been asked: does your sister really need a car at all? $21k would buy a LOT of Uber rides... Unfortunately, yes. She has a new grandson and seems to be his primary caretaker (another story entirely). So, transportati...
by yorkpond
Mon Sep 26, 2016 11:19 am
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 3247

Re: Where to spend January-March in Winter??

Honolulu. Long way from Maine and maybe expensive but lots to do and great beaches. I don't think we'd like being so far from the grand kids. One of my sons has been twice and loved it. We were just thinking of planning a really nice two week tour overseas in the Spring. Newly retired with budgeted...
by yorkpond
Mon Sep 26, 2016 11:17 am
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 3247

Re: Where to spend January-March in Winter??

What beach areas did you look at in San Diego? Did you try N county, Solana Beach or Carlsbad? We checked the temperatures in North County and they were about the same as Coronado Island. I loved the activities in and around San Diego but never was able to go to the beach. It was 66-68 every day, n...
by yorkpond
Mon Sep 26, 2016 10:54 am
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 3247

Where to spend January-March in Winter??

My wife and I are in our mid 60's, active and in very good health. We live in Maine and winters can be very harsh. We're just feeling it more. We have had occasion to go to South Beach in Florida for several years in a row. Last winter, at my urging we spent March and April in Coronado, California o...
by yorkpond
Mon Sep 26, 2016 7:26 am
Forum: Investing - Help with Personal Investments
Topic: IRA CD question
Replies: 32
Views: 2289

Re: IRA CD question

A related question.... If you use CDs - regardless of whether brokered or bank - in your IRA and you are of RMD age, how do you take your RMDs? I assume you just keep enough in more liquid assets, such as a bond fund, to cover your RMDs until the CDs come due. Is that all there is to it? I take the...
by yorkpond
Sun Sep 25, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

Even thought the OP's sister was going to deposit cash equal to the lease payments into an account the OP controlled (or jointly controlled with his sister?), and even though the issues seems to have resolved itself without putting the OP at undue risk, there are two risks that have not really been...
by yorkpond
Sun Sep 25, 2016 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

She can buy a decent brand new Hyundai cash for 21k. No payments, no cosignor. Lafder You are absolutely right, Lafder! Except a $21K new car is "beneath" her no matter what make of car would be. There was a solution to this saga. Millionaire friend went to co-sign and also backed out bec...
by yorkpond
Sun Sep 25, 2016 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

She can buy a decent brand new Hyundai cash for 21k. No payments, no cosignor. Lafder You are absolutely right, Lafder! Except a $21K new car is "beneath" her no matter what make of car would be. There was a solution to this saga. Millionaire friend went to co-sign and also backed out bec...
by yorkpond
Fri Sep 23, 2016 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: IRA CD question
Replies: 32
Views: 2289

Re: IRA CD question

Rob5TCP wrote:Andrews Federal C.U.
special 3% 7 year
ONLY for IRA / Roth

click on traditional IRA / Roth
and you will see the 84 month

https://www.andrewsfcu.org/personal/che ... cates.html



What's the best way to join the credit union?
by yorkpond
Fri Sep 23, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

Thanks all. Here's the outcome of all this: She got her local millionaire friend to cosign the lease. I told her what has been said on this thread by all my fellow Bogleheads. Not good enough. She will continue to act as though she has much more funds available than she actually does. She will run ...
by yorkpond
Fri Sep 23, 2016 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: IRA CD question
Replies: 32
Views: 2289

Re: IRA CD question

I've done this a few times my Vanguard IRA Account. Sometimes they wire the IRA money to my new CD at a new bank and sometimes they send a check to the new IRA CD that is set up a the new bank. Never was a problem.
by yorkpond
Fri Sep 23, 2016 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

I'm glad to see you did the best thing for both of you. I think you need to start mentioning to her that you are now living on a "fixed income" (whether you are or not). Keep using that phrase--7 times in the next conversation you have (since it may take that long before it sinks in). Thi...
by yorkpond
Fri Sep 23, 2016 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

Thanks all. Here's the outcome of all this: She got her local millionaire friend to cosign the lease. I told her what has been said on this thread by all my fellow Bogleheads. Not good enough. She will continue to act as though she has much more funds available than she actually does. She will run o...
by yorkpond
Fri Sep 23, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

Thanks for the advice. She does have a financial planner. I did speak with him several years ago when I went over her plan. I did not like it at all. She had an annuity in an IRA. Bad idea. She had what she called 'safe" mutual funds. I let her know that there was no thing as a safe fund. I en...
by yorkpond
Fri Sep 23, 2016 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

Nope, sis is 72 and acts like she's 20. The 21k would come from her IRA which is a worse idea for her in the long run. She's alone except for a daughter that is worse than she is at 44 years old. I'll still be a good brother and help her any other way I can; finding her a good car for 21k or so. Th...
by yorkpond
Fri Sep 23, 2016 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

Also, I would guess that the dealer has a fat profit margin in this deal, and will likely push back hard if somehow you convince her to try to get out of it (not to mention that she's already driving it and has gotten a flat tire). When I spoke with the GM yesterday he sounded sleezy and had all th...
by yorkpond
Fri Sep 23, 2016 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

The one part of this that I would agree with is that, since the OP is not there in person, any signatures be notarized. Her credit must be really terrible for her not being able to qualify for a lease - especially with an offer of a significant amount down. Leasing standards are not all that string...
by yorkpond
Fri Sep 23, 2016 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

Wow. In my head, I'd imagined this as OP being the responsible 30-35 year old, sister being a somewhat flighty 20 something, maybe. Good income, but hadn't yet gotten a strong handle on sound financial practices. But OP is 65 and OP's sister is OLDER? That's really bad. Also, if OP's sister is olde...
by yorkpond
Fri Sep 23, 2016 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

She has $21k? I can think of a ton of cars she could buy for $21k. Let me guess.....she's leasing a BMW. She can't afford a BMW. She can buy a brand new Corolla/Civic/Jetta/Sentra/Optima/Mazda3 in cash and not have any payments. Not exactly. Worse. A 46k Hyundai Genesis that I wouldn't pay $5 for. ...
by yorkpond
Fri Sep 23, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

This is a really bad situation for OP. I realize OP has 1) Strong positive feelings towards sister 2) Already, perhaps, committed to take part in this So it may be impractical at this point to back out or get the deal changed in some way, but if it IS possible, that seems best. We have a sister who...
by yorkpond
Fri Sep 23, 2016 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

This is insanity. Cosign? No sign. Just called her in Arizona. She was pulling into her parking space with a flat tire already. I told her of all the points mentioned in this post stream. I also told her that she has to purchase an umbrella policy with Allstate which I know is about $1500 additiona...
by yorkpond
Fri Sep 23, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

Cosigning in general is a bad idea in most cases. With these terms, POA, and inconsistencies its extremely foolish. if your sister can pay for the full cost of the lease up front she should be able to afford a decent used car. What is the total cost of the lease that she can front? Is it 21k that I...
by yorkpond
Fri Sep 23, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 4073

Re: Cosigning a new car lease for sister out of state

I would be very uncomfortable with this. Of course, I would be uncomfortable leasing a car for myself so that's not saying much. Why this car? Why a lease? I would have rather just bought her a good used car or affordable, reliable new car and set up loan terms with her personally. If she doesn't p...

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