Bogleheads.org

https://mailchi.mp/bishoprockcap.com/bishop-rock-march-2023 Someone shared this with me and it caught my eye. I think people on this forum have figured this out over the last few months. I personally moved almost all my cash to MMFs of some sort last year. I wonder how long it will take before the banks are forced to pay rates more in line with historical levels. However, if they do, they will make no money, as this note points out, and will only make the banking crisis worse. I'm curious if anyone here is actually still holding a lot of their cash in banks at rates 2% or less? If so, why? About $4000, which is enough to cover two months of mortgage payments, property taxes, insurance, utilities, and credit card minimum payments. (I only c...

Andy12345 wrote: ↑Sun Mar 26, 2023 11:46 am I am wracking my brain to figure out a way to get her in a trailer home or something like that for cheap near the area where I live when she finally needs to stop working. Living with my family is not an option due to lack of space and wanting to preserve my marriage.

You need to be careful with mobile homes. Even if you can find favorable financing, if the trailer sits on rented land, your mother would be at the mercy of the landlord. Even if the current one is good, they may sell out to one of the large park-owning companies who take advantage of the lack of mobility and jack up the rents.

renegade06 wrote: ↑Sat Mar 25, 2023 11:42 am Is anyone else having an issue with Personal Capital (Empower) not updating your Vanguard accounts? Mine was working just fine until March 16. Now it will not update and there is just a "yellow" circle next to those Vanguard accounts in the Personal Capital dashboard.

Northwestern Mutual's aggregation service is having problems, too. Mine hasn't updated since Feb 26.

msj16 wrote: ↑Sat Mar 25, 2023 3:31 pm Thanks very much! If anyone has gone to a passport agency regarding "urgent within 14 day travel" if you can estimate how long of a wait in line and how long to get a passport that would be appreciated.

I used RushMyPassport.com. It wasn't cheap -- almost $700 -- but I got mine in 10 calendar days, better than what had been promised.

Finding a place to take my passport photo was more difficult. While supposedly Rite Aid, CVS, and Walgreens do it, the individual stores often don't want to take the time and so lie that their machines are broken. I had to go to 3 different locations before I found a place that was willing/able to do it.

02nz wrote: ↑Thu Mar 16, 2023 1:27 pm

cbox wrote: ↑Thu Mar 16, 2023 10:47 am I noticed that Capital One no longer offers the 11-month 5% CD. So perhaps you're right: act now if you want to lock in a rate that you think is attractive.

That's not an indication that rates are falling. Banks offer CDs based on their funding needs, and also Capital One (being sneaky) offers one-off CDs that will renew into much less competitive rates.

I am not a Capital One champion, but basically every bank -- including credit unions -- do this. It's the whole reason they offer odd terms -- 11 months, 13, 17, etc. It's so when it renews, there is not exact term match. They dump you into the "closest", which invariably has a terrible rate.

dips wrote: ↑Fri Mar 24, 2023 9:23 pm

NateH wrote: ↑Fri Mar 24, 2023 9:20 pm If you hold until maturity, you get your money back with the promised interest. That's it. Don't worry about what the Fed will do.
I would pick a term in the "for sure" zone, rather than the "probably" zone. Re-evaluate when it matures.
Likely that money markets will still be yielding something reasonable in 4-6 months, so you can always stash it there upon maturity.

Understood, thank you.

Be aware that those rates are annualized. I.e., a 5% listed rate on a 6 month CD means you'll get about 2.5%. 3 months would be about a total return of 1.25%

Not sure I would hope/plan for a successful retirement based on a prediction of what things would look like 35 years in the future. At age 46, many people are looking at another couple of decades of work for funding retirement. “It is difficult to make predictions, especially about the future,” or so a Danish proverb says. I wish you well. Broken Man 1999 I get the heart of your point and you aren't wrong, but if one does not attempt to predict and plan for the future, how could anyone ever retire young, no matter how much or little they had? We have to accept some rules for how we predict things, and some time horizon we are comfortable with or that conclusion could be abstracted all the way to the point of very unrealistic scenarios that...

This morning I was ready to roll over another chunk of money into another T-Bill but looking at the rates currently showing on Vanguard I believe I have to at least pause my purchasing plans. It appears the rates, at least for the moment, are in the 4.69% range and lower vs 5% + for brokered CDs. I like T-Bills better for various reasons but I guess if I have to go with a CD to get a better rate I will. I know that Ally Bank is offering the 4.75% no-penalty CD which is another option as I already have an account there. The Vanguard settlement fund is approaching that rate fairly quickly it seems. I don't want to open up another account somewhere just to perhaps get a slightly better rate. Decisions, decisions. :? If you have a state tax, t...

the_wiki wrote: ↑Fri Mar 24, 2023 11:47 am Paying a double first payment seems like an odd strategy because it implies you could have just made a larger down payment.

This is sometimes a requirement to get on the biweekly payment schedule.

It sounds like you are saying that you will effectively be paid the exact same amount no matter which option you choose. If you opt out of the 401k they will add the amount you could have received as a match to your salary. So yes taxes are an obvious consideration. Not knowing anything else about your situation I would recommend doing whatever gives you the best chance to diversify the taxability of your retirement nest egg. I would look at what other strategies might come into play. If you will be over the earning limit for Roth and they offer a Roth option and you want to add to your Roth balance. If they don't offer Roth and you want to do backdoor Roth then having a 401k to roll a traditional IRA into is a useful thing but only if the...

Russia is really not a very big economy. Mostly a supplier of raw materials and an importer of consumer goods. So Russia-China agreeing to de-dollarise is not, in itself, a huge threat to the dollar. A lot of the news said that Russia is not a big economy and it's the size of Italy when the war started, they also said that the sanctions would cripple their economy but all I've seen since the invasion is the complete opposite. The West is dealing with inflation and rising costs, banks failing, layoffs etc. And what about China? Their GDP has surpassed the US when viewing it by PPP. Russia reports the numbers they want to report. No one can confirm or dispute them since there is zero reliable information coming out of the country. China has ...

Hello, I try to login Ally bank, but After I type in username and password, the system asks me to type in the security code, but I couldn't get the code from my Google voice number. They remove the option for email delivery of the security code. Right now I am out of US and is there anyone ever experiencing the similar issue? and how to solve it? If I buy a US mobile phone and asks my friend to ship here, can I call the customer agent to update my contact phone number from my Google voice number to this US mobile phone number? Thank you in advance! Do they offer you the option to receive a phone call instead of a text to your GV number? Make sure Google voice is set to use wifi and carrier data. I had a problem when I was in Scotland. It t...

I've retired from my government job at the end of January. Eventually I'll be getting a pension and my health insurance from them. I only say eventually because OPM takes a while to process all of your documents and after ~6-8 weeks they start giving you portion of your pension and once they verify everything will give you the rest of it and adjust your pension to what it is supposed to be. Anyhow I've been offered a job from a small company where I have near total flexibility in terms of how I want to get my hourly rate (some companies might call this your total compensation amount where it includes health insurance 401K matching, etc.). In my case I don't need a lot of the benefits such as health insurance so I don't have to pay for that...

aristotelian wrote: ↑Thu Mar 23, 2023 5:53 pm Yes, but if there was a run it would be a run on the system. And FDIC would have 10X the liability. It does seem like a good idea.

But unless everyone were running into the likes of JP Morgan or to currency, the money would probably just slosh around.

Tom_T wrote: ↑Fri Mar 24, 2023 7:30 am Looking at new issue CDs on Fidelity site. Lots of different banks listed. Other than call protection, is there anything I should be aware of, or is one just as good as another?

Also: I notice that the payment frequency varies from bank to bank: monthly, quarterly, semiannual. Doesn't this affect compounding, and two CDs with the same face amount and yield could end up with different final amounts?

Not with brokered CDs. The interest is paid out to your settlement fund.

Otherwise, if you're below the FDIC limits, there's no problem. Just be aware that if you, as an individual with no POD designation, have $50k at Bank Xyz and buy a brokered CD for $250,000, you are technically above the FDIC limit.

Bi weekly is basically a scam - best thing you can do is start an amortization schedule in excel and track your payments. Play around with extra payments and see what that does. Seems like bad advice from the loan advisor Its not bad advice for everyone and is far from a scam. For people who have trouble saving and their home equity and maybe a 401k are their only real assets, it can be good advice. Anyone who makes it onto this forum likely doesn't need to do bi weekly payments though. I agree that it is not a scam, but you have to dig into the details to find that they hold your 1/2 payment in a non-interest-bearing account until the second payment arrives. I feel that they offer this option because a true biweekly p&i payment plan r...

I'm surprised every modern bank hasn't figured this out by now. I am also surprised the FDIC allows it. I am not sure how much this differs from say CDARS. The more surprising thing to me is the FDIC requires people too jump through hoops for this insurance. Seriously, banking needs to be safe and secure for the system to work, the idea that people with deposits over a certain amount need to constantly try to crawl through their regulated bank's balance sheet to determine if their deposits are safe is ridiculous. If it is this easy to spread your funds around and get 10x insurance, they should just require every bank to do it and then insure everyone up to $2M. That would reduce risk to any particular bank but would it create systemic risk...

I don’t see the difference of being covered by each bank up to the FDIC limit by having accounts at multiple banks. If one has 250k at each of the banks then they are insured to 3.25M (edit corrected). I don’t get it. Any ideas? The difference is that you're not manually managing 8 individual bank accounts. You get one account from SoFi with the aggregated balance available to spend. The $2M limit is probably because they're limiting you to 8 "subaccounts" for whatever reason. You could easily do the same by buying brokered CDs from 8 different banks. Those aren't demand deposits. Getting access to the cash early means selling the CDs on the secondary market. Also, the interest isn't compounded, but rather paid into the settlemen...

boogiehead wrote: ↑Thu Mar 23, 2023 4:29 pm My parents were talking to their banker and the banker told them if you have additional beneficiaries with the bank it increases the FDIC limit for another 250K per beneficiary. So for example, if there was a joint account with 2 beneficiaries at the bank the total FDIC limit would be 1 million in deposits vs 500K. Can someone help me confirm if this is true or not?

This will calculate it for you: https://edie.fdic.gov/calculator.html

Today I ran across the following post on Twitter: "This is the most unstable situation I've ever seen in public equity markets. 7 companies - $AAPL $MSFT $AMZN $GOOGL $TSLA $NVDA $META - make up 24.22% of $SPX and 51.13% of $NDX. That's concentration risk that's off the charts." I'm curious about how to properly think about this situation (including whether it might make sense to consider switching from market cap-weighted to equal weight index funds or ETFs, such as Invesco S&P 500 Equal Weight ETF). I'm aware that equal weight funds / ETFs imply slightly different sector exposures, slightly higher volatility, and some tilt toward small-cap stocks. For the context, my investing horizon is 15-20 years. Please share your thoug...

I don’t see the difference of being covered by each bank up to the FDIC limit by having accounts at multiple banks. If one has 250k at each of the banks then they are insured to 3.25M (edit corrected). I don’t get it. Any ideas? The difference is that you're not manually managing 8 individual bank accounts. You get one account from SoFi with the aggregated balance available to spend. The $2M limit is probably because they're limiting you to 8 "subaccounts" for whatever reason. You could easily do the same by buying brokered CDs from 8 different banks. Those aren't demand deposits. Getting access to the cash early means selling the CDs on the secondary market. Also, the interest isn't compounded, but rather paid into the settlemen...

grumpy30000 wrote: ↑Thu Mar 23, 2023 3:50 pm I haven't looked in a for a week or so but my taxable gains are slightly less than $100k. The taxable gain would push me into the 35% tax rate, my state tax in Ma. 5% , and then we have the IRS 10% penalty. I'm thinking a 1035 exchange would be in my best interest until my tax rate is lower.

That sounds like a big enough hit that it makes sense to place it in Fidelity's VA. You can limit that growth by switching your bond allocation to the VA, though if most of your wealth is in tax-deferred accounts, it might not be as big of a deal, since it's ordinary income either way. (But if you do plan to edit the VA at 59.5, it could still be an advantage to limit its growth and shift to more equities in your other accounts.)

Agent 99 wrote: ↑Thu Mar 23, 2023 2:39 pm I don’t see the difference of being covered by each bank up to the FDIC limit by having accounts at multiple banks. If one has 250k at each of the banks then they are insured to 3.25M (edit corrected). I don’t get it. Any ideas?

The difference is that you're not manually managing 8 individual bank accounts. You get one account from SoFi with the aggregated balance available to spend.

The $2M limit is probably because they're limiting you to 8 "subaccounts" for whatever reason.

grumpy30000 wrote: ↑Thu Mar 23, 2023 2:31 pm I've been doing lots of reading and digesting alot. How to decide to surrender the annuity or do a 1035 transfer?

You need to ask the current annuity company what your taxable gain is. That's what you'll pay taxes and penalties on.

If it's a large sum, you might consider rolling it into Fidelity's VA until you are in a lower-income year. You can get intermediate bonds for an all-in of about 0.5% from Fidelity.

You've joined a distinguished list of people, myself included, who were sold bad insurance products.

He will own half the properties, as before. He just doesn't want to be listed on the titles. How is "ownership" documented? And how are you handline income, expenses, taxes/profit/loss whenever you sell? Would you have 100% liability if someone sued? Why would someone sue anyone but you? I don't understand "...just not want to be listed on the title..." There are *reasons* for titles! I suspect there are a variety of things people would like to 'have' but not 'be listed as"... :shock: RM On paper, I'd be the sole owner of the properties, but he would still get half of any profits (i.e. rental income) and pay half of any expenses from the proceeds. He trusts me. Do you see any specific, concrete legal issue with thi...

CPA_RIA wrote: ↑Thu Mar 23, 2023 11:29 am I received a call yesterday from a gentleman at Gulf Coast Western offering an opportunity to invest in an oil well. They specialize in exploration and development of domestic oil and gas reserves. Currently partnership opportunity is for 4 wells in Colorado. Minimum $50k.

My interest is strictly academic at this point but has anyone ever heard of this entity? Has anyone on here ever ventured into a partnership opportunity like this? If so, how was your experience?

If it's such a great opportunity, why are they calling strangers rather than having friends and family invest?

Hello, We just closed on a new home and are approaching our first payment. Our loan advisor told us two things...1) Make a double first payment and 2) set up bi-weekly payments instead of once a month. I can easily see/understand the math between the bi-weekly plan. However, has anyone ever heard of the double first payment? We do plan on staying in this home until retirement (25-28 years away) if that impacts anything. We have the funds...just wondering if that is the best place to put them versus keeping them in our savings account or investing them. Thank you! Usually to set up biweekly payments, you have to make a double payment. I don't know why. But biweekly payments may not do what you think. By default, they will hold your partial ...

Hello hello. I have misplaced my record of purchasing a treasury bill via vanguard. I know it matures in August. 1) I’m trying to figure out what interest rate I got. 2) I want to make sure I understand what the info in Vanguard’s listing of the bill means. Vanguard lists this bill as follows: U S TREASURY BILL 0% 08/10/23 08/11/22 1) I see the 0% in the name, but I know my rate is better than that. Is there a place on the vanguard website that I’m missing that has this info? 2) The listing of the bill tells me I purchased it 8/11/22 and that it matured 8/10:23, correct? Thanks in advance. Danielle All bills are 0%, since you buy them at a discount. (E.g., you pay $98 for $100 in the future.) You'll need to look at your cost basis for that...

HenryPorter wrote: ↑Thu Mar 23, 2023 9:38 am Noticed this morning that the dollar denominated ( fractional share) feature was missing from the ETF trading page for a Vanguard ETF when I was on my laptop. The smartphone app allowed me to trade the fractional share. Could be a glitch or maybe Vanguard is trying to limit fractional share trading?

More issues with their A++ programmers.

If you click "buy" of an existing ETF from your holdings screen, it prepopulates the ticker. You won't see the dollar option. You have to click into the ticker field, hit backspace, and then type the last character of the ticker. THEN the dollar/shares option is visible.

Easy peasy, outsourced squeezy.

How these people get ink at all amazes me! Lori Van Dusen, founder and chief executive of LVW Advisors in Rochester, N.Y., cautions investors to actively pick stocks instead of just buying funds tied to an index, noting that the hefty weighting of tech companies during the dot-com bubble led to big market declines. “The index is more concentrated than it’s been. You’re just making a bet that these are going to be the places to be going forward and that’s usually a bad bet,” she said. “That is not the way to make money in the coming years.” https://www.wsj.com/articles/apple-microsoft-dominate-u-s-markets-after-faang-trade-fizzles-d6f10309?mod=hp_lead_pos2 Are you saying the market-cap weighted SP500 index isn't heavily concentrated in over...

I am not expecting equity until the property had a chance to appreciate over the next few years. That's a big assumption. I bought my primary home in 2005. It did not "appreciate" until 2020 and is still below what I paid for it when you factor in inflation over 18 years. Managing out of state properties is difficult, especially if you don't really know how well they're going to manage the property. Also, you don't know the local market. Is demand based on one or two large employers who might be on the verge of consolidating locations? You also need to worry about renter protection laws being different than your home state. Rental properties do not last as long as primary residences. Your maintenance costs are going to be much hi...

dips wrote: ↑Wed Mar 22, 2023 7:54 pm Regarding Brokered CD, if it is giving almost equal to Bank CD, is there reason I should choose one over other? Or for simplicity, stick to Bank CD only?
For example - Brokered CD on Fidelity is showing around 5.15%, while Synchrony/Schwab are also very close.

Brokered CDs pay interest out as cash. It doesn't roll into the CD - no interest on interest.

Brokered CDs can't be broken early. You need to sell it on the secondary market, where it will be priced like a bond of the face value with that interest rate.

Brokered CDs are sometimes callable, where the bank can pay you out your principal and partial interest if interest rates drop. If they don't drop, you're stuck in it for the term.

Canada recently stopped issuing inflation-linked bonds. If the US were to stop, it might be seen as a sign that we don't expect to get it under control. So, what might happen to a TIPS fund (LTPZ, for example) if the US were to stop issuing TIPS? Liquidation of the fund? I don't know the mechanics of it (alex_686 probably does), but you'd probably get the fund's NAV winding down to $0, paying out the matured bonds as dividends. I would expect more likely the fund would change it's objective to follow some other securities, or they'd merge it into a different fund that the operators thought likely to retain and gain new investors. Funds close all the time when assets start to fall below a level that's worthwhile to keep operating at. Invest...

capen2468 wrote: ↑Thu Mar 23, 2023 7:00 am I bought a callable brokered cd on vanguard 11/30 /22 that settles on 12/29/23 . When do I see the interest on the cd? I bought $ 20,000 and my account says it’s now worth $ 19,981

It depends on the CD. You'll have to look at the details. Probably every 6 or 12 months.

Note that they do not roll the interest into the CD. You'll get it paid out into your settlement fund.

Brokered CDs are priced like bonds. You'll get your $20k at maturity, but before then it's treated like a bond with a face value of $20k and whatever the interest rate is.

dml130 wrote: ↑Wed Mar 22, 2023 7:00 pm

exodusNH wrote: ↑Fri Mar 17, 2023 12:52 am
Canada recently stopped issuing inflation-linked bonds.

If the US were to stop, it might be seen as a sign that we don't expect to get it under control.

So, what might happen to a TIPS fund (LTPZ, for example) if the US were to stop issuing TIPS? Liquidation of the fund?

I don't know the mechanics of it (alex_686 probably does), but you'd probably get the fund's NAV winding down to $0, paying out the matured bonds as dividends.

Is your brother giving you his share of the property, or does he just not want to be listed on the title? If he is not listed on the title, how can he prove that he has an ownership interest in the property? He will own half the properties, as before. He just doesn't want to be listed on the titles. How is "ownership" documented? And how are you handline income, expenses, taxes/profit/loss whenever you sell? Would you have 100% liability if someone sued? Why would someone sue anyone but you? I don't understand "...just not want to be listed on the title..." There are *reasons* for titles! I suspect there are a variety of things people would like to 'have' but not 'be listed as"... :shock: RM On paper, I'd be the so...

I have my 1:1 with my new boss and I told on the last meeting that I would like to keep working from home if not they can lay me off. We shall see what happens. I don't feel like I am being unreasonable. I don't think you're being unreasonable with wanting to work from home. I also don't think that your boss is being unreasonable wanting people in the office. (I do disagree with them, but I don't think it's unreasonable.) But note that refusing to return to the office would be treated as a "for-cause" termination. As discussed, absent an employment contract, severance is not a guarantee. But further, with a for-cause termination, you probably won't qualify for unemployment. Knowing that, I would suggest trying to negotiate full-t...

Can someone please tell me if this makes any sense? I own shares of VITSX which is the institutional share class of Vanguard Total Stock Market Index fund . Turns out there is another fund entitled VITNX which is Vanguard Institutional Total Stock Market Index Fund and it is indeed a wholly different fund. Discovered it by accident. Seems the holdings are not quite the same either with mine holding slightly more tech. Confused to say the least. I called Vanguard and frankly she was as confused as I am. Vanguard has had separate funds designed for retirement accounts and pensions. They would have lower fees since it is easier to manage when you have 1000 companies holding $100M vs 100,000 people holding $1M. There's also the institutional p...

I currently have to move some investments from from account to account without the option to just transfer the ETFs (no need to go into details why). Now I‘m again concerned about a possible loss due to being out of the market for x days. I already had similiar instances where I moved funds and had to be out of the market for up to one week. There are probably a couple of scenarios where you encounter this situation. I know that the expected weekly return is somewhere around 0.15%. But real world markets aren‘t linear and there are many weeks where markets go up/down by 2-5%. So lets assume there is a scenario for being out of the market for saving 0.2%/year in fees. If you are unlucky, you‘ll end up not saving anything at all for 20 years...

Received this promotional email from Vanguard: Looking for new ways to save on your tax bill? Tax-loss harvesting—coming soon to Vanguard Digital Advisor®—may help give you the break you need. And there's no additional advisory charge. Managing tax-loss harvesting on your own can take time. But with Digital Advisor, it's done automatically. • After you opt in, Digital Advisor will look for opportunities to sell stock index investments that are losing value so the loss becomes realized—this can be especially helpful during periods of market volatility. • Then it uses the proceeds from the sale of investments to purchase a replacement investment, so you'll remain fully invested.* At tax time, you may be able to claim those realized losses to...

1rl9DS5gl2 wrote: ↑Wed Mar 22, 2023 11:02 am How do I convert vsiax to vbr shares or vtsax to vti shares on the vanguard website?

You don't.

You call them, ask for the trading desk, sit through a disclaimer reading, then wait a couple of days for it to settle. If you happen to request the change shortly before dividends are paid, they'll wait until after the dividend has been paid to do the conversion.

rkhusky wrote: ↑Wed Mar 22, 2023 10:56 am

Jaylat wrote: ↑Wed Mar 22, 2023 10:46 am Bonus point: Much has been made of the fact that SVB had no official chief risk officer for 8 months prior to the meltdown. Again, from a professional career perspective this makes perfect sense. Like a rat leaving a sinking ship, the prior CRO saw the writing on the wall and bolted rather than be around when things hit the fan.

And once SVB had become technically insolvent, what risk officer would be dumb enough to take the job? Anyone who took a look at the books would see exactly what the problem was. Who wants to destroy their career by becoming the poster child for bank mismanagement?

Do people typically get to look at the company books before they take a job?

C-roles at huge companies? I can't imagine they wouldn't.

kchico wrote: ↑Wed Mar 22, 2023 7:49 am Eventually we will get SS and obviously not counting on this but potentially a decent inheritance. I don't need $4M-10M and I am not interested in that way of life and is not need to live a happy comfortable life.

As I mentioned up thread, Social Security takes your highest 30 years of earnings. When you go to the SS site and see your estimated payment, that payment is based on you earning your current salary for 30 years. It will be substantially smaller than estimated if you nullify that assumption. Also, currently, Social Security is projected to pay out only 75-80% of the benefits due.

Companies are scrambling for workers still. You should easily be able to find a job with comparable pay that won't make you miserable.

kchico wrote: ↑Tue Mar 21, 2023 7:27 pm

rob wrote: ↑Tue Mar 21, 2023 7:16 pm I don't see any way this works to be honest....

So Bogleheads don't use the 4% SWR?

As others have notes, that assumes you worked to normal retirement age. It is not designed for 50+ years AND needing to raise 2 children, who haven't even hit their peak expenses yet. Not only that, but 4% might be closer to 2.5-3%. (https://youtu.be/1FwgCRIS0Wg)

Also, Social Security is based on your highest 30 years of working. The estimate you get from their site assumes you're going to be making your current salary until you retire.

Unemployment is still crazily low. Find another job.

David Jay wrote: ↑Tue Mar 21, 2023 3:21 pm

exodusNH wrote: ↑Tue Mar 21, 2023 2:35 pm.You will also lose access to CITs or stable value funds, if you happen to be using either of those.

You may have lost your train of thought, the rollover funds are in an IRA (segregated from other IRA assets).

Thanks. I was dozing off on a conference call...

My employer switched retirement account providers from lets say Voya to Fidelity. I have a significant investment in the only "stability of principal" account offered. All other retirement funds either invested in stocks or bonds or both, which at the time I made the investment I did not want. Summary of the fund below: "Assets are invested in conservative investment options that seek - but not necessarily guarantee - to hold the principal value of an investment stable through all market conditions. These options may credit a stated rate of return or minimum periodic interest rate that may vary. Dividend rates and income levels fluctuate with market conditions and are not guaranteed. These investment options, including money...

Hi, I have a rollover IRA with only funds from a cashed-out 401a retirement plan. Is there any reason not to commingle these funds with traditional IRA contributions from a Roth recharacterization from the current tax year? For simplicity, it would be nice to limit the number of accounts but I am afraid that there may now be, or later be, different rules for the rollover/contributed funds though I know of no differences. Thanks! Some states may protect rollover funds as strong as ERISA funds where regular IRAs have weaker protection. If you're still working, you may have more difficulty rolling a commingled account into a new employer's plan. You will also lose access to CITs or stable value funds, if you happen to be using either of those.

I'm resurrecting this thread to ask for similar suggestions in 2023. We use Google Fi phones for a number of reasons I won't go into. The only issue is that it uses the T-Mobile network and service can be spotty in areas where we drive. I am looking for an emergency phone arrangement to keep in the car just in case we need to make a call to AAA, etc. I think I am looking for something that works on Verizon (or Verizon *and* AT&T). My theory is to carry a sim card and one-time use prepaid card for a service like Tracfone). I can either swap it out for the sim card in one of our current unlocked phones, or carry an extra unlocked phone for just that purpose. I alway travel with power banks for our phones.(I won't elaborate on other strat...

How about if they pass a regulation that banks have to tell depositors with over $250k that they should buy T-bills with the excess, and maybe even provide education and help as to how they can do that? Not a bad idea! Maybe even have a pathway to buy said bills right there in person/ online, through the bank. Education would be the key. Explain the duration and interest rate risks, in plain language. I'm sure our regulators and bankers have a dozen reasons why this is a "bad" idea. But it sounds pretty good to a dumb old layman like me. Cheers It's a great hypothetical, but completely unworkable in practice. Someone has to develop the educational materials that cover the all of the questions and objections of people ranging in a...

noriskfinance wrote: ↑Tue Mar 21, 2023 8:19 am If I have multiple brokered CDs with Schwab, all FDIC insured from different banks, am I still FDIC insured even if the total combined amount in all CDs is greater than 250K?

As long as the CDs are from different banks with different FDIC certificates. (Some banks, e.g. MidFirst and Vio are the same bank, with the latter being the online-only facade.)