Search found 10 matches

by Sandie
Sun Jul 01, 2018 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2203

Re: Callable bond- maintain or take loss?

Thank you all for input. My concern is in about 6 years, at 70 1/2, I must start withdrawing from IRA. Should I draw from these “currently” non-interesting bearing and declining two CDs or other investments? For those who calculate well, how much a year do I have to withdraw and how many years will ...
by Sandie
Thu Jun 14, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2203

Re: Callable bond- maintain or take loss?

I hope it is all right to mention Institutional names on this blog. Financial advisor firm was JP Turner and they switched to Centarius- it w/b the compliance Dept of JP Turner whose is no longer associated with that financial advisor. I also switched advisors for these CDs—thought was to let him re...
by Sandie
Thu Jun 14, 2018 3:27 am
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2203

Re: Callable bond- maintain or take loss?

Re holding CDs to maturity: Am I looking at this right? in 6 years, at age 70 1/2 I see where one is required to start withdrawing from IRA. I found online calculator and entered estimate portfolio at $85,000 w/age at age 64 today. Said I would need to withdraw around $3,000 year. Is this estimate c...
by Sandie
Wed Jun 13, 2018 1:59 am
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2203

Re: Callable bond- maintain or take loss?

Someone noted wait of 7 years. Yikes! I gave wrong maturity dates! BAnk of Amer matures 8/26/2030 and JP Morgan Chase matures 1/30/2035. I thought economy was doing better this year, but not based on these investments :(
by Sandie
Wed Jun 13, 2018 1:44 am
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2203

Re: Callable bond- maintain or take loss?

Thanks everyone. I appreciate the time from everyone to respond.
by Sandie
Mon Jun 11, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2203

Re: Callable bond- maintain or take loss?

First statement dated Feb 1-28, 2015: Bank A 06051VTX4 Bank C 48125TU37
by Sandie
Mon Jun 11, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2203

Re: Callable bond- maintain or take loss?

Our first statement in for Feb 1,2015 - Feb 28, 2015 shows following: Bank A callable CD purchased 2/10/15 Quantity 23,000 Price 93.35 Paid $21,470.50 Due 08/26/2030 Solicited Callable 2/26/2015 at 100.000 Int 263.62 Market Price 89.51 Market Value $20,010.00 Bank C callable CD purchased 2/9/15 Quan...
by Sandie
Mon Jun 11, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2203

Re: Callable bond- maintain or take loss?

Per link given above for Bogleheads.org site posting suggestions, here's following FYI: Emergency funds: Yes we have 3-6 months. Debt: Yes, we have a home mortgage of $50,000 w/ $700 mth pmt Tax Filing Status: Married Filing Jointly Tax Rate: State of Residence:SC Age:64 Current Asset allocation: Ba...
by Sandie
Mon Jun 11, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2203

Re: Callable bond- maintain or take loss?

Correction, we have two callable bank CDs (not Bonds) and they are FDIC insured. They were purchased in 2015. Bank A for $21,470.50 matures 8/26/2030 and one at Bank C for $35,000, matures 1/30/2035. At time of purchased they paid 10%. We took money from a Traditional IRA we started late in life. We...
by Sandie
Thu May 31, 2018 4:04 am
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2203

Callable bond- maintain or take loss?

In 2015 I turned my IRA of 94,000 over to financial adviser who Invested $35 and $20,000 of it in 2 callable CDs, mature in 2025 and 2030. Today, yielding 0% percent interest and value has dropped $15,000. When asking advisor about drop in value, he kept saying just wait they will call it. Went to a...