Search found 1130 matches

by MikeG62
Tue Oct 23, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I have a joint account with my wife. We've both signed up for the bonus. Prior to this month, only I had a login to our accounts. It was relatively easy to create a login for her -- she had to answer a few financial questions to verify her identity, and then her login had instant access to the join...
by MikeG62
Mon Oct 22, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus and cashing out muni fund
Replies: 20
Views: 1550

Re: Ally 1% bonus and cashing out muni fund

Except if the Fed rate is up again in Dec (70% chance of happening?), the fund price will go down, as it has done all year. So the overall return of fund will be lowered for this period. The Ally interest on the other hand is fixed. Ltd term muni is still up for the year and nearly even for 1 yr. R...
by MikeG62
Mon Oct 22, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Question about 2018 tax scenario--Roth conversion and capital gain in 2018
Replies: 10
Views: 770

Re: Question about 2018 tax scenario--Roth conversion and capital gain in 2018

...My real question is how it would work in the above scenario if, in addition to the interest income and Roth conversion, I ALSO sold some shares of a mutual fund that generated a long-term capital gain? So let's say that I also now have a long-term capital gain of maybe $5,000 to report in 2018 a...
by MikeG62
Mon Oct 22, 2018 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance bridge until medicare
Replies: 5
Views: 773

Re: Health Insurance bridge until medicare

I searched forum- a bit overwhelmed and with potentially rapid changes in insurance availability, I'm going to ask.. Am 60, can retire in next 1 yr, but still worried about health insurance. Could do COBRA for awhile but not til 65. What are the best options, or what have you done? Any new/novel id...
by MikeG62
Mon Oct 22, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Plan
Replies: 5
Views: 856

Re: Deferred Compensation Plan

OP, I wrote about my experience with a deferred compensation plan here:

viewtopic.php?f=1&t=218714&p=3365993&hi ... d#p3365993
by MikeG62
Sun Oct 21, 2018 8:18 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 225
Views: 18268

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

It seems as if people want a plan of withdrawal that is safe and is not subject to change and that it will last their entire retirement. What I would call set it and forget it. If only there were a financial product people could buy using a fixed amount of money up front that would provide a guaran...
by MikeG62
Sun Oct 21, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 225
Views: 18268

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

I've often wondered how you determine, quantitatively, early enough that you are in a situation where you need to take corrective action and how you determine, again quantitatively, what corrective action to take. "Gut feel" is not a plan. ERN's approach attempts to put some numbers to at least par...
by MikeG62
Sun Oct 21, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus and cashing out muni fund
Replies: 20
Views: 1550

Re: Ally 1% bonus and cashing out muni fund

Why not move the money back to Vanguard Intermediate Term Tax Exempt? I still have about 3 weeks until the 31 day period is done. Then I probably will go back to interm, muni. But the 1k seems so easy and risk free on top of the 1.9% savings account. I just wonder how much I’ll net after taxes, opp...
by MikeG62
Sun Oct 21, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 653
Views: 80565

Re: How much money do you want to retire?

I'll answer it this way. Enough money that DW and I can live off ~3% of our financial assets living the lifestyle we lived while working (which was not fugal), including a very healthy increase for T&E as well as covering health care expenses (and income taxes) in that amount. I would assume as well...
by MikeG62
Sun Oct 21, 2018 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

............................................................................. Edited to add that although I elected to have the chat e-mailed to me at the end (after taking the survey) it has still not arrived in my inbox. ................................................. had the same problem w/ 3 ...
by MikeG62
Sat Oct 20, 2018 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Met with an FA today.
Replies: 12
Views: 2509

Re: Met with an FA today.

...He mentioned during the conversation that they had been recommending their customers pull money out and put into a money market fund 40-60% of their money while the market is currently dropping. They would then tell the customers the right time to get back in . He got in some level over my head ...
by MikeG62
Sat Oct 20, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: SCHEDULE B: Forgot attaching banks list
Replies: 4
Views: 574

Re: SCHEDULE B: Forgot attaching banks list

Do nothing until you get a letter. I did something worse. I forgot to file one of the 1099-DIV sheet, when vanguard had a weird brokerage and mutual funds listed separately on 2 separate papers. It amounts to a few grand difference unfiled by accident. It's weird that they didn't even send me anyth...
by MikeG62
Sat Oct 20, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: If I'm convinced to stop making extra mortgage payments, should I recast?
Replies: 15
Views: 1989

Re: If I'm convinced to stop making extra mortgage payments, should I recast?

Never heard of this before. Nonetheless, I would consider the recast if only to provide the flexibility to make lower payments in the future (if that was "truly necessary"). However, I would continue to pay as you have been (at the higher amount) and get the mortgage done sooner than later. It's a g...
by MikeG62
Sat Oct 20, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Regarding the second issue, to be on the safe side, I'll deposit the new money into an eligible checking account, then fund the no-penalty CD from that checking account the same day (I will open the CD a few days before this, to allow for any delays, which I've never experienced before in opening n...
by MikeG62
Sat Oct 20, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Does anyone know if the money needs to be transferred in one lump sum, or if it can be done in multiple transactions? I've read conflicting reports. I had $25K tied up going to Discover Bank for their $200 bonus, so I deposited $5K to start the process with Ally. I transferred the $25K from Discove...
by MikeG62
Fri Oct 19, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

...Second question: Next question. On 1/16/2019 I do an early withdrawal from the no-penalty CD, and withdraw the proceeds from Ally. I still have other eligible accounts open until 2/15/2019 (and beyond). Will the bonus be paid? I still will have eligible accounts into which the bonus can be depos...
by MikeG62
Fri Oct 19, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

The most popular bank on Bogleheads (Ally Bank) is offering 1% extra cash back on any "new" money added before 10/31. You are able to receive up to $1,000 back ($100k deposit). This is also combined with their 1.9% APY. Funds must remain in account until 1/15/19. Cash back bonus deposited by 2/15. ...
by MikeG62
Fri Oct 19, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Can you have multiple email addresses on an account? When you enroll, the instructions clearly state the email address must match the email address on the account. Don't know, but you could call Ally. Personally given all the vagueness around the fine print, I would use different accounts for each ...
by MikeG62
Fri Oct 19, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 93
Views: 10149

Re: What do you consider 'enough'?

Does anyone out there in their working years have a way of figuring out what is 'enough' in terms of income to support their current lifestyle and to also save for the future? I know it's different for everyone but I'd be curious to hear your thoughts on if and how you calculate how much is 'enough...
by MikeG62
Fri Oct 19, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Retired applying for credit cards
Replies: 22
Views: 2036

Re: Retired applying for credit cards

My understanding of the rules is that I can count my smallish pension and interest/dividends in my taxable accounts, but not withdrawals from principal in taxable (though I think all withdrawals from retirement accounts would count). What is the source of that understanding? None of these list draw...
by MikeG62
Fri Oct 19, 2018 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

The most popular bank on Bogleheads (Ally Bank) is offering 1% extra cash back on any "new" money added before 10/31. You are able to receive up to $1,000 back ($100k deposit). This is also combined with their 1.9% APY. Funds must remain in account until 1/15/19. Cash back bonus deposited by 2/15. ...
by MikeG62
Thu Oct 18, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements
Replies: 28
Views: 2145

Re: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements

I've been an Ally customer for over a decade. Have referred lots of people their way too. However, the relationship has not always been smooth. Most frustration resulting out of joint checking account I set up with my daughter for her to draw cash from while in college. Forget about me calling and g...
by MikeG62
Thu Oct 18, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Here is my understanding of the answers I got to my questions via online chat. Any withdrawals from eligible accounts during the funding period will decrease the bonus, unless replaced with deposits from external accounts during the funding period. Any withdrawals from eligible accounts during the ...
by MikeG62
Thu Oct 18, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Do we have the definitive answer about how to get > 1K with two people? I don't think the reps know (for sure).... they seem to talk among themselves rather w/ a higher level.....at least the one I talked to last......a group of 6 of them discussed it and gave me an "answer" instead of going to an ...
by MikeG62
Thu Oct 18, 2018 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Assume you put $100K into an 11-month no-penalty CD at 2.1% APY on 11/1/2018, and remove it on 1/15/2019 . Kevin Kevin, are you actually planning on closing the CD right after the cutoff (and transferring the $ back to your B&M bank)? I am "a little" concerned that if the CD account no longer exist...
by MikeG62
Thu Oct 18, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6388

Re: Did you retire because you hit your number?

Strange thing is that, while I really liked my work and found it very rewarding I do not miss it. I miss some of the people but not the job per se. Now it’s just my past career than I’m proud of. I moved on right away. I did not expect to feel this way. Same exact thing for me. WRT your original qu...
by MikeG62
Thu Oct 18, 2018 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Assume you put $100K into an 11-month no-penalty CD at 2.1% APY on 11/1/2018, and remove it on 1/15/2019 . Kevin Kevin, are you actually planning on closing the CD right after the cutoff (and transferring the $ back to your B&M bank)? I am "a little" concerned that if the CD account no longer exist...
by MikeG62
Thu Oct 18, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Retired applying for credit cards
Replies: 22
Views: 2036

Re: Retired applying for credit cards

I've had no problem getting credit cards after I retired even premium credit cards (AmEx Platinum with a 100K point sign on bonus). I've listed retired and put down an income that was my yearly withdrawal from my portfolio . I do pretty much the same thing. Only once I was asked to supply proof - t...
by MikeG62
Wed Oct 17, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

The Eligibility paragraph in the terms and conditions states Account(s) must be open, funded, and in good standing from the time the new funds are deposited into the account(s) until the time of Cash Bonus payout. Does this sentence mean that if you use a No Penalty CD you might need to keep the mo...
by MikeG62
Tue Oct 16, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Update: I started a chat online with a rep to be sure. This person said that they need to be in separate accounts. So ivk5 says $200K in a joint account works and your diligence says you need separate accounts. Anyone else get an answer on this question? No, I did not. Ok, I called. CRS had to spea...
by MikeG62
Tue Oct 16, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 310
Views: 24177

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

simplesimon wrote:
Tue Oct 16, 2018 7:00 am
Update: I started a chat online with a rep to be sure. This person said that they need to be in separate accounts.
So ivk5 says $200K in a joint account works and your diligence says you need separate accounts. Anyone else get an answer on this question?
by MikeG62
Tue Oct 16, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: 5 Year CD Coming Due
Replies: 8
Views: 1272

Re: 5 Year CD Coming Due

Reubin wrote:
Mon Oct 15, 2018 10:24 pm
My 5 year CD, yielding 2%, is coming due. This is deep cash for me so I'm not looking for risky investments. With interest rates rising should I roll it into something like Vanguard Prime MM?
What is "deep cash"? Never heard that term before.
by MikeG62
Tue Oct 16, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: How to invest maturing CDs
Replies: 9
Views: 841

Re: How to invest maturing CDs

You can also buy Treasuries at Vanguard (or Fidelity) as another option. You can build a treasury bond ladder too if you want.

VBILX has a weighted average maturity of ~7 years. You sure you want to extend the term out that far? What was the term of the CD's that are maturing.
by MikeG62
Tue Oct 16, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: 6 month Treasury Note: "Bond" or "Cash"?
Replies: 47
Views: 3600

Re: 6 month Treasury Note: "Bond" or "Cash"?

As an accountant, I would define cash and cash equivalents as short-term, highly liquid investments with a maturity of three months or less at the time of purchase. The items included as cash and cash equivalents must also be unrestricted, i.e. you cannot pledge such money as collateral for loans. ...
by MikeG62
Mon Oct 15, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Start a Treasury Ladder... or not?
Replies: 17
Views: 2238

Re: Start a Treasury Ladder... or not?

That sounds an awful like Vanguard Treasury Money Market fund. What you are you trying to gain from DIY? I think the OP is looking to ladder 6-month Treasuries. The Vanguard fund I believe has an average duration of just a touch under 60 days. So there is decent yield pickup from laddering the 6-mo...
by MikeG62
Mon Oct 15, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Start a Treasury Ladder... or not?
Replies: 17
Views: 2238

Re: Start a Treasury Ladder... or not?

VGSH has a duration of two years. That’s not a fair comparison to the yield on a 6 month treasury. The money market has a duration of something like six weeks, though, so a mix of short-term treasuries and the money market fund results in a total effective duration of less than year . Not enough di...
by MikeG62
Mon Oct 15, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Start a Treasury Ladder... or not?
Replies: 17
Views: 2238

Re: Start a Treasury Ladder... or not?

That sounds an awful [lot] like Vanguard Treasury Money Market fund. What ... are you trying to gain from DIY? Vanguard Treasury Money Market Fund (VUSXX) currently has a 7-day SEC yield of 2.05%. The Investment Rate at the last 26-week T Bill auction was 2.44%. In exchange for some interest rate r...
by MikeG62
Mon Oct 15, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Start a Treasury Ladder... or not?
Replies: 17
Views: 2238

Re: Start a Treasury Ladder... or not?

That sounds an awful like Vanguard Treasury Money Market fund. What you are you trying to gain from DIY? I think the OP is looking to ladder 6-month Treasuries. The Vanguard fund I believe has an average duration of just a touch under 60 days. So there is decent yield pickup from laddering the 6-mo...
by MikeG62
Mon Oct 15, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5690

Re: Have you annuitized some of your money?

...While I like the idea of an annuity income floor... it seems likely that a time of stress on annuity providers is likely to coincide with a poor sequence of returns on our "un-annuitized" investments . I feel the same way. After all, where are the insurers assets invested if not the same markets...
by MikeG62
Sun Oct 14, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare premiums will be down an average of 1.5 percent next year
Replies: 39
Views: 3984

Re: Obamacare premiums will be down an average of 1.5 percent next year

This (as best I understand) is the federal rate factor table - used by most states. Did not format perfectly - but you get the idea. So, for example a 64 year old would pay 3 times the premium as a 21 year old. For the 21 year old, then, his/her premium would go up every year - even if the ACA prem...
by MikeG62
Sun Oct 14, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Obamacare premiums will be down an average of 1.5 percent next year
Replies: 39
Views: 3984

Re: Obamacare premiums will be down an average of 1.5 percent next year

This (as best I understand) is the federal rate factor table - used by most states. Did not format perfectly - but you get the idea. So, for example a 64 year old would pay 3 times the premium as a 21 year old. For the 21 year old, then, his/her premium would go up every year - even if the ACA prem...
by MikeG62
Fri Oct 12, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare premiums will be down an average of 1.5 percent next year
Replies: 39
Views: 3984

Re: Obamacare premiums will be down an average of 1.5 percent next year

They should post more stats like median increase, standard deviation - average is well, just average. Is the average the weighted averages per state , per zip code, per covered person? Jim, did you check the details for your state contained here? http://acasignups.net/rate-hikes/2019 Lot's of speci...
by MikeG62
Fri Oct 12, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Obamacare premiums will be down an average of 1.5 percent next year
Replies: 39
Views: 3984

Re: Obamacare premiums will be down an average of 1.5 percent next year

This guy has been tracking all the ACA rates basically as his part time job for years and he's got a 3-4% premium increase with the current laws as they stand. http://acasignups.net/rate-hikes/2019 My rates are up much more, of course. Assuming this is accurate for my state (NJ) - no reason to beli...
by MikeG62
Wed Oct 10, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Airline vs. non-airline travel card
Replies: 10
Views: 865

Re: Airline vs. non-airline travel card

Initially I will be taking a few trips between the same cities for house hunting, etc. This is why I think I should be able to meet the ~3000-5000/3mo spending requirement. If I just do that, and never use the card again that will be fine. But if it offers other perks like free checked bags I might...
by MikeG62
Wed Oct 10, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Received IRS notice CP 2000 asking more tax. Need help.
Replies: 23
Views: 2684

Re: Received IRS notice CP 2000 asking more tax. Need help.

I am the OP. Received a letter from IRS stating "case closed". Amount owed 0.00 Thanks to everybody who responded. Good to hear ram. I am sure you are relieved to have this sorted. Our inquiry is still outstanding. After supplying the details proving that the amounts billed by the university were i...
by MikeG62
Wed Oct 10, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group: New Advisor
Replies: 17
Views: 1646

Re: Fidelity Private Client Group: New Advisor

I'm a bit put-off by this transition. For the amount of money I have with them, I would think that the old consultant would email his clientele and let them know about the transfer . That is how it is done in the world in which I operate. No biggie, but really, it seems a crude approach to change-m...
by MikeG62
Tue Oct 09, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576914

Re: What's Your Credit Card Rewards Strategy?

Providing another example of the power of the Chase Sapphire Reserve. Today I booked a two night stay in Washington DC (for next month) at a Hyatt Property. Cash rate for the room was $1,060 (all-in) while the award rate was 30,000 points. I transferred 30,000 of my Chase UR points to Hyatt (took l...
by MikeG62
Tue Oct 09, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576914

Re: What's Your Credit Card Rewards Strategy?

Providing another example of the power of the Chase Sapphire Reserve. Today I booked a two night stay in Washington DC (for next month) at a Hyatt Property. Cash rate for the room was $1,060 (all-in) while the award rate was 30,000 points. I transferred 30,000 of my Chase UR points to Hyatt (took le...
by MikeG62
Mon Oct 08, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Venture vs JetBlue (which to cancel?)
Replies: 5
Views: 287

Re: Venture vs JetBlue (which to cancel?)

Travel once a year for vacation. My only other CC is a Home Depot card. So I think maybe I should keep both the Venture and the JetBlue just incase there's a time when one cards systems are down or having issues and I could utilize a backup card? I put all monthly expenses that are allowed onto my ...