Search found 527 matches

by SquawkIdent
Wed Apr 29, 2020 5:09 am
Forum: Personal Finance (Not Investing)
Topic: Fed Eliminates Reg D Transfer Limits
Replies: 12
Views: 1499

Re: Fed Eliminates Reg D Transfer Limits

This is the 6 withdrawals rule per month like Ally, Marcus, Barclays, etc. use on their online savings accounts? It sounds like it. BTW, the new rule says it permits them to not use it, it doesn't require them to.
by SquawkIdent
Mon Apr 27, 2020 9:53 am
Forum: Personal Investments
Topic: Ally, Synchrony or Barclays for Online Savings Account
Replies: 12
Views: 1151

Ally, Synchrony or Barclays for Online Savings Account

I previously had accounts at these 3 banks and want to have at least one again as I transition out of VMMXX (VG Prime Money Market) due to failing yields there. They all are yielding 1.50% and still all seems about the same. Funds availability, funding, etc. The only difference I'm seeing is that Al...
by SquawkIdent
Thu Mar 19, 2020 5:46 pm
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18432

Re: Munis getting slaughtered!

I’ve been waiting for an entry point to VWALX. We are getting closer. :sharebeer
by SquawkIdent
Fri Feb 14, 2020 4:42 pm
Forum: Personal Consumer Issues
Topic: How are you spending Valentine's day?
Replies: 64
Views: 3891

Re: How are you spending Valentine's day?

Out to dinner, presents and just spending time together. There is a reason we make money, invest money and live carefully. It’s times like these to spend some of that and live. Cheers.
by SquawkIdent
Sun Jan 26, 2020 9:07 am
Forum: Personal Consumer Issues
Topic: Clearwater Beach Hotels
Replies: 4
Views: 773

Clearwater Beach Hotels

I’m going to be in Clearwater Beach in the spring time and I’m looking for reviews on two resort hotels that I’ve narrowed our accommodations down to. The final two are Sandpearl Resort Hotel and Opal Sands. We have no real agenda except to relax on the beach and by the pool and do a little sightsee...
by SquawkIdent
Wed Jan 22, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do cool with your money today?
Replies: 125
Views: 10283

Re: What did you do cool with your money today?

Bought a bottle of Cristal as a gift for someone next month. I hope she likes it but there is a back story to it so drinking it will be an added bonus.
by SquawkIdent
Sat Nov 16, 2019 7:15 am
Forum: Personal Investments
Topic: Why am I taking so much risk?
Replies: 50
Views: 6582

Re: Why am I taking so much risk?

Many others will chime in I'm sure but... It sounds like you've "won the game". You will have enough to support your withdrawal needs and be comfortable. So that leads to the question, why take the risk of losing that? It doesn't sound to me like you are super conservative and risk adverse, just wor...
by SquawkIdent
Thu Nov 14, 2019 4:31 pm
Forum: Personal Investments
Topic: Vanguard Funds Preliminary Capital Gains Estimates
Replies: 19
Views: 2003

Re: Vanguard Funds Preliminary Capital Gains Estimates

Thank you for posting that link as I was just thinking about that. :sharebeer
by SquawkIdent
Sun Nov 10, 2019 2:34 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 12357

Re: Saving seats on Southwest

They have no right to save anything. Feel free to say "sorry, or Flight Attendant". +1 From their own website "We have an open seating policy, so feel free to sit in any available seat when you get onboard". That said, I have switched seats with family members so they can sit together on this airli...
by SquawkIdent
Sat Nov 09, 2019 4:57 pm
Forum: Personal Investments
Topic: divorce, splitting assets?
Replies: 14
Views: 2508

Re: divorce, splitting assets?

It’s unfortunate when two adults can’t cooperate with each other. I guess that’s why you’re getting divorced. I’m sorry that you are going through this. The sooner you can finalize the divorce the better. Move on and don’t look back. Don’t worry about every penny, even though you deserve half. All ...
by SquawkIdent
Fri Nov 08, 2019 9:24 am
Forum: Personal Investments
Topic: TSP Contributions - Retiring Mid Year
Replies: 16
Views: 1190

Re: TSP Contributions - Retiring Mid Year

ionball wrote:
Thu Nov 07, 2019 10:49 pm
Yes, good idea. Be sure to string out the contributions all the way through your retirement date in order to get maximum employer matching contributions. The employer match only occurs for each pay period that you make contributions.
+1
by SquawkIdent
Sun Oct 27, 2019 7:57 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 92
Views: 16468

Re: Chase $750 for depositing 75K

Looking at the different ways to fund this account. No ACH? What's the easiest way to get money to them and then in 100 days (after getting the bonus) getting that money back?
by SquawkIdent
Sun Oct 27, 2019 7:50 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 92
Views: 16468

Re: Chase $750 for depositing 75K

Doing a soft pull is a relatively easy way for firms to verify your identity. I have the same challenge opening accounts at almost any bank or brokerage. I need to remove my credit locks otherwise they either deny or delay my request to open a new account. What credit bureau do they use? I don’t kn...
by SquawkIdent
Sat Oct 26, 2019 9:55 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 92
Views: 16468

Re: Chase $750 for depositing 75K

Freefun wrote:
Sat Oct 26, 2019 6:01 am
Doing a soft pull is a relatively easy way for firms to verify your identity. I have the same challenge opening accounts at almost any bank or brokerage. I need to remove my credit locks otherwise they either deny or delay my request to open a new account.
What credit bureau do they use?
by SquawkIdent
Sat Oct 19, 2019 9:03 am
Forum: Personal Investments
Topic: Another TSP issue...
Replies: 9
Views: 1286

Re: Another TSP issue...

Update...so after being told on Thursday it would take the 2-3 weeks from receiving the paperwork to get this put into my account, I go into my account today and it shows the change. :oops: :sharebeer
by SquawkIdent
Sat Oct 19, 2019 9:01 am
Forum: Personal Investments
Topic: Another TSP issue...
Replies: 9
Views: 1286

Re: Another TSP issue...

Moving at the Speed of Government ! They'll get it done. I change mine every few years, depending on what child torques me off enough to do it, and it's usually my son. (2 daughters are fine) He's OK now, so, I changed it back to 33/33/34. As long as I mailed it in and they received it, I'm good to...
by SquawkIdent
Fri Oct 18, 2019 12:47 am
Forum: Personal Investments
Topic: Another TSP issue...
Replies: 9
Views: 1286

Another TSP issue...

Early last week I decided to change the beneficiaries I have on two accounts. The accounts are located at Vanguard and with the TSP. Vanguard allows you to log onto your account online and change them instantly. The whole procedure probably took 30 seconds to complete. The TSP requires you to fill o...
by SquawkIdent
Thu Oct 03, 2019 2:48 pm
Forum: Personal Consumer Issues
Topic: Would or should you tip AAA road assistance?
Replies: 67
Views: 5921

Re: Would or should you tip AAA road assistance?

Is it just me or has this tipping thing gotten out of hand?
by SquawkIdent
Mon Sep 30, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 420
Views: 66490

Re: Improving the TSP [for current participants]

I’m completely underwhelmed by the implementation of the TSP’s Additional Withdrawal Options rule. My wife and I just returned to the USA after living and traveling abroad for the past several months. [Yes, retirement is great.] Last Thursday, I moved all the money in my TSP account into the G Fund...
by SquawkIdent
Sat Sep 07, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 420
Views: 66490

Re: Improving the TSP [for current participants]

Based on previous TSP withdrawal form, NOTARY signatures of both participant and spouse are required if married. I do not have a local bank, but we could drive to Fidelity office about 25 minutes away and get it done for free. Still a small but irritating PITA. Doesn't matter much in the big pictur...
by SquawkIdent
Sat Sep 07, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 420
Views: 66490

Re: Improving the TSP [for current participants]

Re: Multiple spousal approvals before a notary — what a royal pain. This, plus the inability to make in-plan Roth conversions, plus offers by several low cost brokerage firms to pay me thousands of dollars to move funds to them are the reasons why I’ll move all but my G Fund holdings out of the TSP...
by SquawkIdent
Sun Sep 01, 2019 2:14 pm
Forum: Personal Consumer Issues
Topic: Did humanity ever make good Gas cans
Replies: 70
Views: 6821

Re: Did humanity ever make good Gas cans

rk6 wrote:
Sun Sep 01, 2019 9:20 am
The "No Spill"-brand containers, with the green push button valve, have served me very well. Available at HD. Perhaps that is the one to which livesoft is referring.
+1

I've tried a bunch of them over the years and this one IMHO is the best.
by SquawkIdent
Wed Jul 31, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Beyond Meat Burger? Do you like?
Replies: 119
Views: 10272

Re: Beyond Meat Burger? Do you like?

I had one at a restaurant recently and I did not like it. It's a little too realistic and that was part of the problem. Yes, it's a great discovery to be able to do that but the taste wasn't very good either. I ended up eating half and leaving the rest. It's actually the first veggie burger I didn't...
by SquawkIdent
Tue Jul 16, 2019 7:31 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1254

Re: Retirement Funds Questions

Making a separate post, I didn’t get the last paragraph. Are you saying that if you roll over the balance in your SIMPLE IRA externally, you are going to have to forfeit the 3% match? Does this have a time limit before you are fully vested in the employer match? No, I would give up the 3% match, if...
by SquawkIdent
Tue Jul 16, 2019 3:43 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1254

Re: Retirement Funds Questions

Updated information... The Simple IRA plan charges a $10 account annual fee, .50% management account fee and the average fund fee is about .50%. So my question is, should the fees come into account as to the plan going forward? I am planning to only keep this money in here as long as I can get it in...
by SquawkIdent
Sun Jul 07, 2019 7:19 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1254

Re: Retirement Funds Questions

I’ve come up with 3 solutions to avoid the pro rata rules (and have just 1 IRA account) and they are listed below. 1. Contribute to the Simple IRA (at least to the match) - don’t do the yearly backdoor IRA - leave the TSP in the 401K 2. Do not contribute to the Simple IRA - do the yearly backdoor I...
by SquawkIdent
Sun Jul 07, 2019 4:39 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1254

Re: Retirement Funds Questions

The more I think about this the more I think I should leave the TSP (401K) alone, skip the Simple IRA and do a yearly backdoor Roth IRA. Still contemplating... I really can't think of a situation in which it would make sense to give up 3% matching to do a backdoor Roth IRA. We don't know your incom...
by SquawkIdent
Sun Jul 07, 2019 4:37 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1254

Re: Retirement Funds Questions

SquawkIdent, What is your asset allocation, and do you have any allocation towards your bonds at all? The reason I ask this is that, you can continue to do the backdoor Roth IRA, at least the first step of it, while you are contributing to the SIMPLE IRA. Simply make non-deductible contributions to...
by SquawkIdent
Sun Jul 07, 2019 3:49 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1254

Re: Retirement Funds Questions

Other thoughts: What mix or balance of traditional vs Roth accounts do you desire? A SIMPLE IRA is always pre-tax, can't be Roth. If you have to choose between contributing to SIMPLE vs backdoor Roth, which do you need more of, tax deferral, or tax free withdrawal? You mentioned a pension - usually...
by SquawkIdent
Sun Jul 07, 2019 3:41 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1254

Re: Retirement Funds Questions

I do have a desire to rollover at least part of my TSP to Vanguard for more diverse funds and eventual withdrawal flexibility. I would leave some money in the TSP (G fund) to make sure I have funds to last me until age 59 1/2 (just a couple years). I don’t foresee myself needing those funds though ...
by SquawkIdent
Sun Jul 07, 2019 3:38 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1254

Re: Retirement Funds Questions

My employer is finally offering a SIMPLE IRA to us, we just signed up. A SIMPLE IRA is an IRA, so any balance in it will trigger the pro rata issues, making a backdoor Roth IRA contribution complex. In the first 2 years you have a SIMPLE IRA, it can only be rolled to another SIMPLE IRA. After 2 yea...
by SquawkIdent
Sun Jul 07, 2019 10:45 am
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1254

Retirement Funds Questions

I am retired from a federal job that I built up a TSP (401K) account. I am now taking a job in the private sector whose retirement plan is a Simple IRA (with a 3% match). I have read up on Simple IRA's and I am somewhat familiar with them. I do not know yet what investment choices, expenses, etc. th...
by SquawkIdent
Fri Jul 05, 2019 12:33 pm
Forum: Personal Investments
Topic: Question - Modified Adjusted Gross Income
Replies: 2
Views: 432

Re: Question - Modified Adjusted Gross Income

sport wrote:
Fri Jul 05, 2019 12:14 pm
You have it right. Earned income is required to make contributions. Gross income is used to determine eligibility. Those are two different things.
Thank you.
by SquawkIdent
Fri Jul 05, 2019 11:48 am
Forum: Personal Investments
Topic: Question - Modified Adjusted Gross Income
Replies: 2
Views: 432

Question - Modified Adjusted Gross Income

A question about a direct investment into a Roth IRA instead of doing the backdoor. I see the IRA income limitations. I cannot use a pension payout funds as earned income to invest in the Roth but I need actual income that I earned at a paying job. But when figuring out my adjusted gross income amou...
by SquawkIdent
Thu Jul 04, 2019 5:17 pm
Forum: Personal Investments
Topic: Prime Money Market or Total Bond Market
Replies: 63
Views: 7964

Re: Prime Money Market or Total Bond Market

I don't think duration risk is worth taking right now. There are those who disagree. It's your money so decide which camp you are in. +1 Call me a market timer but when the yields are paying more of a wider spread (and the NAV is lower in price) I will switch back. Until then the NAV risk is not wo...
by SquawkIdent
Thu Jul 04, 2019 9:26 am
Forum: Personal Investments
Topic: Vanguard Wellsley
Replies: 23
Views: 4229

Re: Vanguard Wellsley

Maybe...

It depends on a lot of information not given.
by SquawkIdent
Thu Jul 04, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Employers asking salaries
Replies: 47
Views: 6794

Re: Employers asking salaries

Years ago, at a job interview, I was asked what other job offers I had received. I truthfully answered $31,000. I was immediately offered $32,000. In retrospect, providing a truthful answer to that question was dumb, because the only purpose was to use it against me and get me to work for them for ...
by SquawkIdent
Mon Jul 01, 2019 10:18 am
Forum: Personal Investments
Topic: Pro Rata Rule Question for IRA's
Replies: 6
Views: 439

Re: Pro Rata Rule Question for IRA's

Thank you for both replies above. They back up my research. So, I guess I have to choose which is more advantageous for me. To do the partial TSP transfer next year (and no backdoor Roth) or wait until I'm done doing the backdoor Roth's and then do it the next tax year. Major question here is why y...
by SquawkIdent
Mon Jul 01, 2019 9:37 am
Forum: Personal Investments
Topic: Pro Rata Rule Question for IRA's
Replies: 6
Views: 439

Re: Pro Rata Rule Question for IRA's

Thank you for both replies above. They back up my research.

So, I guess I have to choose which is more advantageous for me. To do the partial TSP transfer next year (and no backdoor Roth) or wait until I'm done doing the backdoor Roth's and then do it the next tax year.
by SquawkIdent
Mon Jul 01, 2019 9:17 am
Forum: Personal Investments
Topic: Pro Rata Rule Question for IRA's
Replies: 6
Views: 439

Pro Rata Rule Question for IRA's

I've done a bunch of research on this topic but I want to make absolutely sure I understand it correctly before proceeding. Back in January 2019 I did a contribution to a traditional IRA and then back doored it to a Roth IRA right away. I have part of my TSP I am considering rolling over to a tradit...
by SquawkIdent
Mon Jul 01, 2019 6:48 am
Forum: Personal Consumer Issues
Topic: How to insure a vacation Tesla in Scotland
Replies: 4
Views: 632

Re: How to insure a vacation Tesla in Scotland

Just came back from a 10 day trip to Scotland......make sure you get as much insurance to limit your liability to $0 including tire damage!! The roads are narrow, full of sheep, bicycles and people not to mention wide buses and trucks on the same road going in the opposite direction. Many of the ro...
by SquawkIdent
Sat Jun 29, 2019 11:16 am
Forum: Personal Investments
Topic: Invest Down Payment Short Term
Replies: 6
Views: 533

Re: Invest Down Payment Short Term

Many choices. But IMHO, use only choices with very little to no risk to that principal amount. Don't get greedy and reach for yield with added risk. Online savings accounts (with FDIC), prime money market, TE money market, etc. Depends on your tax bracket, how much work you want to do to set this up...
by SquawkIdent
Sat Jun 29, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: Vanguard Money Market (VMMXX)
Replies: 19
Views: 2959

Re: Vanguard Money Market (VMMXX)

How does this fund make its interest payments? Does it payout every month? Also - does interest rate risk apply to money market accounts (just talking about the principal amount invested)? Thanks. Tonight. :sharebeer Didn't hit last night. Are you reinvesting or having it deposited to an outside ac...
by SquawkIdent
Fri Jun 28, 2019 5:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Money Market (VMMXX)
Replies: 19
Views: 2959

Re: Vanguard Money Market (VMMXX)

TerribleGolfer wrote:
Fri Jun 28, 2019 12:31 pm
How does this fund make its interest payments?

Does it payout every month?

Also - does interest rate risk apply to money market accounts (just talking about the principal amount invested)?

Thanks.
Tonight. :sharebeer
by SquawkIdent
Tue Jun 25, 2019 1:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 195
Views: 26010

Re: Vanguard Announces Plans to Launch Commodities Fund

SquawkIdent wrote:
Tue Jun 25, 2019 1:26 pm
hdas wrote:
Sun Jun 23, 2019 8:26 am
When is this fund launching?
+1
Just found it...

https://investor.vanguard.com/mutual-fu ... view/vcmdx
by SquawkIdent
Tue Jun 25, 2019 1:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 195
Views: 26010

Re: Vanguard Announces Plans to Launch Commodities Fund

hdas wrote:
Sun Jun 23, 2019 8:26 am
When is this fund launching?
+1
by SquawkIdent
Sat Jun 22, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 18645

Re: what was your worst major purchase mine is a 2019 mazda3

DaftInvestor wrote:
Fri Jun 21, 2019 1:31 pm
CMGI stock
+1 and then some. Very valuable lesson.
by SquawkIdent
Sat Jun 22, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal or cheap?
Replies: 106
Views: 9823

Re: Frugal or cheap?

Wife and I have steady stable income of 235k combined. We are 32 and were diligent to pay off our 180k home in 6 years. We have been working for 9 years and have 430k in retirement accounts and 180k in a brokerage account. Wife wants to do a 100k addition to our home. I am struggling to spend as we...
by SquawkIdent
Sun Jun 16, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 13799

Re: With hindsight, what signs indicated you were about to lose your job?

I was approaching 56 years old, so I knew it was coming.

In your case and in most cases IMHO, always keep your resume updated and network connections strong.

Good luck. :sharebeer