Search found 5166 matches

by protagonist
Sat May 26, 2018 6:35 am
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

Do you think this is a wise strategy? I think you are more willing to work for these deals than I am at this point. As I recall, you got in on the last 4% 5-year CD deal that came around, which required joining another credit union, doing an early withdrawal, and doing the IRA transfer. I was too l...
by protagonist
Fri May 25, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]
Replies: 9
Views: 1026

Re: FZDXX- 1.81%. Security?

FZFXX has ~50% in U.S. Treasuries. E/R = 42bps FZDXX has ~30% in CDs and ~30% in commercial paper. E/R = 0.3% So, FZDXX is a little more risky with lower ER which results in higher yield. Neither is FDIC insured. But I would consider both as very safe. As an alternative, for virtually no risk and a...
by protagonist
Fri May 25, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

Great! Thanks for the details, Kevin! Perhaps with your permission I will copy this record and email it to them if they tell me the same thing again. (not mentioning you by name of course). First ask to talk to IRA specialist--maybe ask if the person I named still works there, and if you can talk t...
by protagonist
Fri May 25, 2018 9:04 am
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]
Replies: 9
Views: 1026

Re: FZDXX- 1.81%. Security?

My understanding is that you can buy FZDXX with an initial deposit of $100K, after which there is no minimum balance and no other disadvantages vs. FZFXX. I don't think this is true. Might want to call FIDO to verify. I think you are right, and I was given wrong information by the Fidelity rep. I s...
by protagonist
Fri May 25, 2018 7:27 am
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]
Replies: 9
Views: 1026

Re: FZDXX- 1.81%. Security?

FZFXX has ~50% in U.S. Treasuries. E/R = 42bps FZDXX has ~30% in CDs and ~30% in commercial paper. E/R = 0.3% So, FZDXX is a little more risky with lower ER which results in higher yield. Neither is FDIC insured. But I would consider both as very safe. As an alternative, for virtually no risk and a...
by protagonist
Thu May 24, 2018 11:12 pm
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]
Replies: 9
Views: 1026

FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]

Today I moved all my cash in Fidelity from FZFXX (Fidelity Treasury MM Fund- 1.37% yield) to FZDXX (Fidelity MM Premium Class- 1.81%). My understanding is that you can buy FZDXX with an initial deposit of $100K, after which there is no minimum balance and no other disadvantages vs. FZFXX. I was told...
by protagonist
Thu May 24, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

I don't know how you managed to do a direct transfer into an IRA at Achieva if you did not have one before. I am now a member and I went online to see if I could open an IRA. There are no links to open any accounts that I could find on their website...no links to forms either. I logged in and only ...
by protagonist
Thu May 24, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

I dug out my disclosure for one of my Achieva CU CDs (luckily easy to find), and it turns out that this is one of the CUs that waives the EWP if you are age 59 1/2 or older! When I called the rep, she first mentioned the 180 days of interest EWP, but then I mentioned the age exception, she checked ...
by protagonist
Thu May 24, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

Happy to see that Achieva has already closed out my two CDs at 2.71% APY and opened the one at 4.2% APY. That was fast and easy. Kevin Fantastic! Congratulations! I don't know how you originally managed to do a direct transfer into an IRA at Achieva if you did not have one before. I am now a member...
by protagonist
Thu May 24, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: Clarification of IRA transfer/rollover rules.
Replies: 8
Views: 276

Re: Clarification of IRA transfer/rollover rules.

Apparently yes, if I was given correct info. The receiving credit union does not accept a direct transfer into an IRA because they said they cannot open an IRA account until the funds are present in the institution. Thus, I assume due to primitive technology or whatever, one cannot transfer funds i...
by protagonist
Thu May 24, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Clarification of IRA transfer/rollover rules.
Replies: 8
Views: 276

Re: Clarification of IRA transfer/rollover rules.

Have the check made out to "<the institution> FBO <your name>". [FBO = For Benefit Of] Then deposit the check without taking possession of any of the money. Also, when taking a check from an Employer plan with the required withholding, one can still deposit the full amount into the new IRA, using c...
by protagonist
Thu May 24, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Clarification of IRA transfer/rollover rules.
Replies: 8
Views: 276

Re: Clarification of IRA transfer/rollover rules.

It seems like you are going to a lot of unnecessary trouble - essentially moving the money 3 times instead of once. Is that a reason for this? Apparently yes, if I was given correct info. The receiving credit union does not accept a direct transfer into an IRA because they said they cannot open an ...
by protagonist
Thu May 24, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4062

Re: Fear vs. reality. Don't worry. Be happy.

I can't fathom that the annual medical costs for "90% of retirees" is less than $2,000. Balderdash. Mine are. I assume they are not counting Medicare premiums. Sure - SOME people will have less than $2K/yr OOP medical expenses (not including premiums) in retirement. 90%?! No freaking way. Would lov...
by protagonist
Thu May 24, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4062

Re: Fear vs. reality. Don't worry. Be happy.

RetireBy55 wrote:
Thu May 24, 2018 5:24 pm
I can't fathom that the annual medical costs for "90% of retirees" is less than $2,000. Balderdash.
Mine are.

I assume they are not counting Medicare premiums.
by protagonist
Thu May 24, 2018 5:25 pm
Forum: Investing - Theory, News & General
Topic: Clarification of IRA transfer/rollover rules.
Replies: 8
Views: 276

Clarification of IRA transfer/rollover rules.

This is my understanding for complete or partial transfers of traditional IRA funds from one institution to another: 1. If it is handled completely by the banks IRA to IRA and money never touches your hands, it is not taxed and there are no fees involved other than those imposed by the financial ins...
by protagonist
Thu May 24, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4062

Re: Fear vs. reality. Don't worry. Be happy.

I have long thought the fear that many have in this forum of running out of money in retirement unless they retired with huge amounts was largely unfounded. I think the main problem is not with retired Bogleheads who fear that their $2.2 millions are not enough. The problem is with 65-year old empl...
by protagonist
Thu May 24, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

What are the membership requirements for Achieva if you don't live in Florida? It looks like there is still an easy membership option. Go to https://www.achievacu.com/Home/Membership/. Leave the county selection blank, and choose "No" for are you related to a current member (unless you are, then of...
by protagonist
Thu May 24, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: Help me understand zero coupon bonds
Replies: 11
Views: 753

Re: Help me understand zero coupon bonds

Thanks. Got it. Forgive me for my ignorance.
by protagonist
Thu May 24, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Help me understand zero coupon bonds
Replies: 11
Views: 753

Help me understand zero coupon bonds

This is new territory for me. Fidelity is offering zero coupon treasuries maturing in 6 months at 2.09%. My understanding is that these would be state tax exempt. Under those circumstances they seem like a great place to stash cash that you may need 6 months from now but do not need immediately. But...
by protagonist
Thu May 24, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4062

Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]

I have long thought the fear that many have in this forum of running out of money in retirement unless they retired with huge amounts was largely unfounded. This from Fidelity: "While some people do run out of money, a person with less than $500,000 in savings, on average, spends just about a quarte...
by protagonist
Thu May 24, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

The biggest snag with Achieva CU is they will not lock in the rate when you apply. I had that confirmed by both a phone rep and a "supervisor". Thus transferring funds from another CD is risky and can incur an EWP, only to find that you are offered a lower rate at Achieva. Their other rates are not ...
by protagonist
Tue May 22, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 76
Views: 3343

Re: Road trip Newark NJ to Albany

I owned 400 shares of AAPL stock when it was at about 65 and sold it around 72.A brilliant move :moneybag At least you made a profit. I took a loss on one of those hot tech stocks. I forget which one....maybe Google or Apple or ? An automatic loss limit of 5 or 10% was triggered some time in the la...
by protagonist
Tue May 22, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

So what bets are you placing? I'm sticking with my strategy of focusing on the peaks of the steepest segments of the yield curves, using the fixed-income security that appears to provide the highest risk-adjusted return, and picking up good deals when they pop up. Consistent with this, I just bough...
by protagonist
Tue May 22, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: International travel for Christmas
Replies: 26
Views: 1329

Re: International travel for Christmas

And just so you know, Americans need a visa for Australia. Who would have guessed. That's nothing, just a few mouse clicks. America has a similar, er, shakedown, ESTA, and the Canadians just introduced their own version. So are you saying US citizens now need a visa to drive across the Canadian bor...
by protagonist
Tue May 22, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4682

Re: How do you stop moving the goal posts.

It's much easier if you are committed to a plan that minimizes how much you have to think, because nothing you do will have a significant impact on reaching your goals. So if, for example, you decide to invest x % of your assets in a broad based index fund, you will not be susceptible to reacting to...
by protagonist
Tue May 22, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in early 2019.
Replies: 15
Views: 2013

Re: Retiring in early 2019.

I look at it a little differently than some other folks. You say you need $32K/yr beyond social security. 1,200,000/32000= 37.5. So if you just kept up with inflation and if your assessment of your needs is realistic you would not run out of money until age 61+37.5= 98.5. That's pretty old, especial...
by protagonist
Tue May 22, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 76
Views: 3343

Re: Road trip Newark NJ to Albany

There's a pretty interesting town a few miles east of Newark and easily accessible by train. I forget its name. But if I remember correctly they have a baseball team, and I think Frank Sinatra and Billy Joel wrote songs about it. It's kind of like Albany but bigger. If you are flying from Californi...
by protagonist
Mon May 21, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 76
Views: 3343

Re: Road trip Newark NJ to Albany

hoops777 wrote:
Mon May 21, 2018 3:46 pm
Should we visit the Berkshires since we have added a couple of days?
Yes.
by protagonist
Mon May 21, 2018 10:34 pm
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 76
Views: 3343

Re: Road trip Newark NJ to Albany

There's a pretty interesting town a few miles east of Newark and easily accessible by train. I forget its name. But if I remember correctly they have a baseball team, and I think Frank Sinatra and Billy Joel wrote songs about it. It's kind of like Albany but bigger. If you are flying from California...
by protagonist
Mon May 21, 2018 10:24 pm
Forum: Personal Consumer Issues
Topic: International travel for Christmas
Replies: 26
Views: 1329

Re: International travel for Christmas

As reflected in the variety of responses so far, we would need to know a lot more about your family to help you. -Do you seek sunshine, warmth, beaches, etc. or is winter weather not a major factor? -Do you prefer urban or rural landscapes, culture, recreation, or adventure? - Do you embrace or shun...
by protagonist
Mon May 21, 2018 10:08 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

Would you now recommend brokered CDs over treasuries for the 22% marginal tax bracket, Kevin? Following your posts, the rates seem to be increasing nearly daily. I wonder how much longer this will continue. Not necessarily in a taxable account if you pay state income tax, but it's your marginal sta...
by protagonist
Sat May 19, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

3% for under 99,000 at any age isn't too bad. It's not very good though. New-issue 3-year brokered CD now is 3% at Fidelity and Vanguard, and you probably can get 3.06% on secondary market at Fidelity if patient. I picked up 9 today at 3.07% for 37-month maturity. Kevin Would you now recommend brok...
by protagonist
Thu May 17, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Virtual Bank 2.01% MM [Money Market] savings account
Replies: 2
Views: 563

Virtual Bank 2.01% MM [Money Market] savings account

This is a promotional rate that is supposedly guaranteed for one year. $100 minimum initial deposit. Max. 6 withdrawals per month to avoid a $15 penalty, as with MM accounts elsewhere. The 2% savings deposit rate at Popular Direct bank is no longer available....their current rate is 1.85%. virtualba...
by protagonist
Thu May 17, 2018 4:53 pm
Forum: Personal Consumer Issues
Topic: Hot food flavoring (sauces, spices and peppers)
Replies: 51
Views: 2813

Re: Hot food flavoring (sauces, spices and peppers)

Trader Joe's makes a particularly good mango tomatillo salsa...I would call it medium hot.
by protagonist
Tue May 15, 2018 11:00 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 91
Views: 8663

Re: Yield Curves-Treasury, CD, AA/AAA muni

Kevin M wrote:
Tue May 15, 2018 4:02 pm

I personally would favor the 2-year Treasury over any of the 2-year CD choices in a taxable account (but not in an IRA).


Kevin
Kevin, do you buy your Treasuries via Fidelity or via Treasury Direct? I haven't invested in T-bills before.
by protagonist
Tue May 15, 2018 10:51 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

For seniors, this looks pretty good. For the rest of us, with 5YT rate at ~2.82 percent, the yield premiums of CD's have decreased enough to make it a tougher decision than a few years ago. Agreed. With rising rates and a 1 year EWP I would choose a different option...whereas I might have jumped on...
by protagonist
Tue May 15, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5120

5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

This is a great deal, but comes with a significant caveat, which is why I am not taking advantage of it. Perhaps others might. Northwest Credit Union https://www.depositaccounts.com/banks/northwest-fcu.html APYs for Heritage Club members (anyone over age 62) for deposits of $1000-99,999 3.15% $100,0...
by protagonist
Tue May 15, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 91
Views: 8663

Re: Yield Curves-Treasury, CD, AA/AAA muni

Kevin, this is absolutely stunning, in-depth analysis. Thank you for your hard work! I help run my parents retirement accounts, and I will follow this page as I approach buying more CD’s in the coming month as they have a CD yield payment due to hit their account. I use Fidelity for their account, ...
by protagonist
Tue May 15, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 91
Views: 8663

Re: Yield Curves-Treasury, CD, AA/AAA muni

Bottom line: I don't think I will be in greater than the 12% marginal tax bracket this year. I don't expect to be in greater than the 22% bracket over the next 5 years, possibly the 12% bracket. My state income tax (MA) is 5.1%. I did not pay income tax in 2017. I imagine that will no longer be poss...
by protagonist
Tue May 15, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Stopping unwanted "junk" newspaper
Replies: 60
Views: 15278

Re: Stopping unwanted "junk" newspaper

This is the letter I sent: "In 2010 I complained to you about unwanted promotional newspapers in plastic bags being thrown on my property. It took three phone calls and a letter to get it to stop. All was fine until yesterday. Since then, two "free" copies of the Gazette in your plastic bags have b...
by protagonist
Tue May 15, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Stopping unwanted "junk" newspaper
Replies: 60
Views: 15278

Re: Stopping unwanted "junk" newspaper

This is the letter I sent: "In 2010 I complained to you about unwanted promotional newspapers in plastic bags being thrown on my property. It took three phone calls and a letter to get it to stop. All was fine until yesterday. Since then, two "free" copies of the Gazette in your plastic bags have b...
by protagonist
Thu May 10, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: purchasing cd's
Replies: 18
Views: 1877

Re: purchasing cd's

Find the best available bank CD rates at depositaccounts.com Pay careful attention to early withdrawal penalties. If they are generous enough, you can have the same flexibility with a long term CD as with a short term while getting better yields. I'd look at them but would be cautious about early w...
by protagonist
Wed May 09, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Custom suit needed for a wedding. Help me shop around!!
Replies: 30
Views: 2097

Re: Custom suit needed for a wedding. Help me shop around!!

I got mine made here: https://www.tripadvisor.com/Attraction_Review-g298082-d1878338-Reviews-Kimmy_Custom_Tailor-Hoi_An_Quang_Nam_Province.html If you have time and have always had the desire to visit Vietnam, here is your chance. You will wind up with a great suit for a lot less than you would pay ...
by protagonist
Wed May 09, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: purchasing cd's
Replies: 18
Views: 1877

Re: purchasing cd's

I am thinking about using some bond money in my traditional ira with vanguard to purchase cd's but have never done this and would like to understand the process before moving forward. Any suggestions/recommendations on the best way to proceed would be greatly appreciated. Thanks. jte Find the best ...
by protagonist
Wed May 09, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 5965

Re: Comparing 2 physician jobs

YOLO. There is more to life than money. I'd pick a job where you will be happiest. Both of those offers you will do fine financially in the long run I completely agree. Is your only serious criterion really money, when either way you are making a bundle of it? What about lifestyle, school for your ...
by protagonist
Wed May 09, 2018 11:48 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 240
Views: 30781

Re: MoviePass-Too good to be true, but it's legit.

My son has a MoviePass and loves it. It's also an easy decision for the theaters. It's like a casino comping a room. It's already built, so any further use is pure profit. And they make the real money on the concessions. That is no joke. we went to the movies Friday for the first time in years - I ...
by protagonist
Sun May 06, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: I-bond fixed rate = 0.3%
Replies: 62
Views: 7125

Re: I-bond fixed rate = 0.3%

I just feel that the price of the inflation insurance is too high right now, and at this point am not very worried about the probability + consequence of really bad outcomes. Maybe I should be. As I said, I accept that a very rational case can be made for using TIPS (or I Bonds to a limited extent)...
by protagonist
Thu May 03, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: I-bond fixed rate = 0.3%
Replies: 62
Views: 7125

Re: I-bond fixed rate = 0.3%

I think people accept expert predictions too easily without looking into their past track record. Past track record in this case would not be too hard to analyze. Stock market predictions are horrible, since the stock market is governed largely by complexity theory and nearly limitless variables, wi...
by protagonist
Thu May 03, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Rental property help: sell or keep?
Replies: 5
Views: 616

Re: Rental property help: sell or keep?

I am in the exact same situation, Mirage. I inherited a FL property from my mom and have been renting it with positive cash flow for years out of laziness, but I just put it on the market and currently have a sales contract (pending inspection, appraisal, etc). I am happy as a clam. Maybe even happi...
by protagonist
Thu May 03, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: I-bond fixed rate = 0.3%
Replies: 62
Views: 7125

Re: I-bond fixed rate = 0.3%

with expected 3-year inflation at 2% or less Kevin Questions about this assumption: 1. Whose prediction is this? 2. How reliable, in general, have past short to intermediate range (say 2-5 years) predictions of inflation been? I ask that because I don't know, not because I am trying to make a point.