Search found 149 matches

by bpg1234
Thu Jan 02, 2020 9:56 pm
Forum: Personal Investments
Topic: Roth in retirement: conversions and cash
Replies: 9
Views: 1070

Re: Roth in retirement: conversions and cash

We primarily considered Roth conversions for reducing future RMDs, IRMAA, single tax bracket concerns if one of us passes, and hedging that today's lower federal tax rates that are set to expire provide a good conversion opportunity. We view our overall TIRA value based on the after-tax valuation so...
by bpg1234
Mon Dec 23, 2019 12:36 pm
Forum: Personal Investments
Topic: Thank You Sir May I Have Another (Roth Conversion question)
Replies: 4
Views: 549

Re: Thank You Sir May I Have Another (Roth Conversion question)

Thanks for your replies. I presently have most of our taxable savings in a CD ladder with only around $5K per year of qualifed dividends from stuck indeed mutual funds. I have also used 2019 tax software to model this year's conversion which led me to only consider doing $80K this year so we can kee...
by bpg1234
Mon Dec 23, 2019 11:27 am
Forum: Personal Investments
Topic: Thank You Sir May I Have Another (Roth Conversion question)
Replies: 4
Views: 549

Thank You Sir May I Have Another (Roth Conversion question)

Hello Boglehead Forum members, We're seeking some advice on Roth conversions. 59 and 56 MFJ and retired. We have $1.4M in TIRA and only $35K in Roth accounts to this point. Have significant amount in taxable savings, mostly in CDs and stock mutual funds. Presently in 12% tax bracket but only have $2...
by bpg1234
Wed Jan 23, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

The Patelco flexible CD has a number of advantages as noted but the US Senate would help protect against reinvestment risk as guaranteed for another 2 years and would fit at the end of my 5 year ladder. Any thoughts? Don't you have any intermediate-term bond funds, or any other CDs maturing after m...
by bpg1234
Wed Jan 23, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

I was told that today was the last day but that you could open the account by phone and then had 10 days to fund it. Perhaps if there was enough demand for this Patelco CD, we could get Ally to offer it. Contact Ally and let them know esp. about the no EWP at 1 yr and 2 yrs. Yes, I mentioned in thi...
by bpg1234
Fri Nov 16, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

^Yes, people who maxed it should expect the full $1k. I was curious for any datapoints that confirm the specifics of the calculation. (By the way, I made many transactions in and out during that time, it's my hub account, so it seems it's just the balances on those two dates that matter.) Just got ...
by bpg1234
Fri Nov 16, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

^Yes, people who maxed it should expect the full $1k. I was curious for any datapoints that confirm the specifics of the calculation. (By the way, I made many transactions in and out during that time, it's my hub account, so it seems it's just the balances on those two dates that matter.) Just got ...
by bpg1234
Fri Nov 16, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

We shouldn't have long to wait to find out about this particular issue (closing and reopening NP CDs during the retention period). Kevin Yep we should indeed hear something shortly but I personally don't expect a surprise in this area because as Kevin says there would be mass exodus. As for the bac...
by bpg1234
Thu Oct 25, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

For the promo though, primary email on the acct has to be one that was registered in time for the promo. If you only registered 1 email, I’d suggest using same one for her acct. I couldn’t get straight answer via online chat if that would limit both accounts to a single $1000 bonus, but the guidanc...
by bpg1234
Wed Oct 24, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

I think you will find you can't move money from a joint account to a single named account. Perhaps I'm not understanding the reference and please correct me if meaning something other. But as I understand it, I can move funding that was initially transferred during the funding period into a joint s...
by bpg1234
Tue Oct 23, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

Maybe this has been answered before but didn't find: What happens if you Ally ACH pull money into a joint savings account but then move some of the funds over the $100K into a NPCD that is in spouse's name under their profile with the same email that they signed up with? Spoke at length again to an...
by bpg1234
Tue Oct 23, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

Maybe this has been answered before but didn't find:

What happens if you Ally ACH pull money into a joint savings account but then move some of the funds over the $100K into a NPCD that is in spouse's name under their profile with the same email that they signed up with?
by bpg1234
Mon Oct 22, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

Has anyone else received the “Mark your calendar, Name” email today stated that you have until October 31 for funding? It is not the date but the name that I have a question about. Mine uses my last name which seems odd. Just wondering if I put the names in backwards when I registered? I am confuse...
by bpg1234
Mon Oct 22, 2018 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

Has anyone else received the “Mark your calendar, Name” email today stated that you have until October 31 for funding? It is not the date but the name that I have a question about. Mine uses my last name which seems odd. Just wondering if I put the names in backwards when I registered? I am confuse...
by bpg1234
Mon Oct 22, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 73464

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

Has anyone else received the “Mark your calendar, Name” email today stated that you have until October 31 for funding? It is not the date but the name that I have a question about. Mine uses my last name which seems odd. Just wondering if I put the names in backwards when I registered? I am confuse...
by bpg1234
Wed Oct 10, 2018 5:56 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 90339

Re: 2-year CDs at Vanguard and Fidelity Today

Morgan Stanley is now offering 2 yr CDs at 2.95%. It will be interesting to see what Wells Fargo does when it makes more CDs available - will it stick with 2.95% or maintain its position of being the leader and increase the rate? So Wells Fargo apparently likes being the leader and went with the ne...
by bpg1234
Mon Sep 10, 2018 1:11 pm
Forum: Personal Investments
Topic: CD Break and Reinvest Options Perspectives
Replies: 18
Views: 1467

Re: CD Break and Reinvest Options Perspectives

I have an existing 5 year CD with 36 months remaining yielding 2.28% APY which I'm considering breaking. Following are the options I presently have on the table: 1.) Existing bank which holds the 5 year CD will reduce my early withdrawal penalty from 6 to 3 months if I keep the funds with them and ...
by bpg1234
Sun Sep 09, 2018 7:57 pm
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 371
Views: 41978

Re: Northwest FCU 3-year 3.04% Add-On CD

Time to resurrect this thread as our certificates are coming to mature! Has anyone received maturity notice yet? What's the default? How are you giving your instructions whether to roll or not roll? If not rolling, how are you transferring the money out? Any limit on ACH push from NWFCU to linked e...
by bpg1234
Sun Sep 09, 2018 12:58 pm
Forum: Personal Investments
Topic: CD Break and Reinvest Options Perspectives
Replies: 18
Views: 1467

Re: CD Break and Reinvest Options Perspectives

Bogleheads, I have an existing 5 year CD with 36 months remaining yielding 2.28% APY which I'm considering breaking. Following are the options I presently have on the table: 1.) Existing bank which holds the 5 year CD will reduce my early withdrawal penalty from 6 to 3 months if I keep the funds wi...
by bpg1234
Sun Sep 09, 2018 10:04 am
Forum: Personal Investments
Topic: CD Break and Reinvest Options Perspectives
Replies: 18
Views: 1467

Re: CD Break and Reinvest Options Perspectives

I would not assume that interest rates will continue to rise in the future. What does this calculator tell you? When to Break a CD Calculator https://www.depositaccounts.com/tools/break-cd-calculator.aspx Thanks mix! That's the calculator I use which clearly tells me to break now. Your point about ...
by bpg1234
Sun Sep 09, 2018 10:01 am
Forum: Personal Investments
Topic: CD Break and Reinvest Options Perspectives
Replies: 18
Views: 1467

Re: CD Break and Reinvest Options Perspectives

#1 for simplicity . . . or #2 . . . The difference is very small but both are good moves from the existing. j Thanks Sandtrap for your thoughts. Yes I do like option #1 for simplicity but rates on 2 year CDs may very well go up a decent amount after the proposed additional Fed rate hikes and then I...
by bpg1234
Sun Sep 09, 2018 9:32 am
Forum: Personal Investments
Topic: CD Break and Reinvest Options Perspectives
Replies: 18
Views: 1467

Re: CD Break and Reinvest Options Perspectives

bump. I know CDs are boring but thought I would get at least a few perspectives. :o LOL
by bpg1234
Sat Sep 08, 2018 1:58 pm
Forum: Personal Investments
Topic: CD Break and Reinvest Options Perspectives
Replies: 18
Views: 1467

CD Break and Reinvest Options Perspectives

Bogleheads, I have an existing 5 year CD with 36 months remaining yielding 2.28% APY which I'm considering breaking. Following are the options I presently have on the table: 1.) Existing bank which holds the 5 year CD will reduce my early withdrawal penalty from 6 to 3 months if I keep the funds wit...
by bpg1234
Tue May 15, 2018 10:28 pm
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 106
Views: 16025

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

If your investment horizon is over ten years, there is absolutely no reason to own bond funds right now. VBTLX has a 2.64% dividend yield, while VBILX has 2.76%. VTSAX has 1.74%. Why chase the less than 1% difference in yield, when bond funds have fallen so much harder than VTSAX? In the event of a...
by bpg1234
Thu May 10, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 90339

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks Kevin. Stupid question but when I bring up, in Vanguard, a listing of both new and secondary issues that interest me I can click on the "BUY" action on new issues but cannot on the Secondary issues. For example I can't click on "BUY" for 2007GCNI Ally. The BUY button is not highlighted and c...
by bpg1234
Thu May 10, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 90339

Re: 2-year CDs at Vanguard and Fidelity Today

Was that 795450P58 SALLIE MAE BK SLT LAKE CITY UT CD 2.70000% 05/11/2020? I bought 10 at a slightly lower yield, then saw another batch become available at the higher yield with minimum quantity 20. At $1 commission, that's about 2.81% net for the former and 2.83% net for the latter. Yes believe so...
by bpg1234
Thu May 10, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 90339

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks Kevin for your perspective. Guess live and learn. Haven't seen anything on Vanguard in secondary today equating close to 2.8%. The one problem I have is I am buying in my IRA which is mostly at Vanguard and nothing at Fidelity. It's quite easy to do an IRA transfer between Vanguard and Fidel...
by bpg1234
Tue May 08, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 90339

Re: 2-year CDs at Vanguard and Fidelity Today

So I was waiting until this week to see if anything popped up on the secondary CD market for a 2 year issue that would beat the existing 2.75% rate. If nothing showed up I was then going to get the 2 year Wells Fargo that was being offered with the 5/9/18 settlement date but apparently this was rem...
by bpg1234
Tue May 08, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 90339

Re: 2-year CDs at Vanguard and Fidelity Today

So I was waiting until this week to see if anything popped up on the secondary CD market for a 2 year issue that would beat the existing 2.75% rate. If nothing showed up I was then going to get the 2 year Wells Fargo that was being offered with the 5/9/18 settlement date but apparently this was remo...
by bpg1234
Thu May 03, 2018 8:58 am
Forum: Personal Investments
Topic: Savings bond Wizard says Rate N/A for I bonds
Replies: 19
Views: 2824

Re: Savings bond Wizard says Rate N/A for I bonds

Thanks Huey and Sheepdog. I followed your directions, and the problem persisted. So, I used the cure-all method. I cleared the cache and rebooted the computer. Problem solved. The first time I did this it work exactly as indicated in the instructions but then when I subsequently tried my daughter's...
by bpg1234
Thu Apr 12, 2018 12:38 pm
Forum: Personal Investments
Topic: Ditched bond fund for money market. Thoughts?
Replies: 40
Views: 7903

Re: Ditched bond fund for money market. Thoughts?

Bogleheads don’t like ladders because they generally involve a bit more complexity to build, but the reward is worth it. Fidelity offers some great tools that are of great value in putting one together. Your early sales argument is true for bond funds too. I wouldn’t put any money into a ladder nee...
by bpg1234
Tue Apr 03, 2018 1:01 pm
Forum: Personal Investments
Topic: Bond fund vs. CD
Replies: 26
Views: 6419

Re: Bond fund vs. CD

AAA wrote:
Tue Apr 03, 2018 10:47 am
The 2.5% I quoted was just for purposes of illustration.
Curious, so did you decide one way or the other yet?
by bpg1234
Mon Apr 02, 2018 2:26 pm
Forum: Personal Investments
Topic: Time to sell intermerdiate and long term bonds?
Replies: 19
Views: 2945

Re: Time to sell intermerdiate and long term bonds?

In my opinion, a quick look at the above chart says that it is time to rebalance from short-term corporate bond index fund into total US bond market index fund. That is, it is now time to buy intermediate-term bond funds and not sell them. BTW, the time to sell intermediate-term bond funds was a fe...
by bpg1234
Mon Mar 26, 2018 9:11 am
Forum: Personal Investments
Topic: Considering a CD ladder
Replies: 46
Views: 11410

Re: Considering a CD ladder

As for CDs, however, it is completely possible for CD interest rates to be high enough relative to expected returns on bonds to justify using CDs rather than bonds. But the reason is not that the CD has a fixed value in nominal dollars. This is key as I personally think the 2.55% 2 year broker CD r...
by bpg1234
Sun Mar 25, 2018 6:11 pm
Forum: Personal Investments
Topic: Considering a CD ladder
Replies: 46
Views: 11410

Re: Considering a CD ladder

Live Oak Bank is currently offering an 18 month CD at 2.40%. The CD has an early withdrawal penalty of just 90 days (vs 180 days for longer term CDs). https://www.liveoakbank.com/personal-banking/ In the current environment of rising rates, I would consider the 18 month CD. If rates rise quickly, t...
by bpg1234
Sat Mar 24, 2018 9:46 pm
Forum: Personal Investments
Topic: Considering a CD ladder
Replies: 46
Views: 11410

Re: Considering a CD ladder

Live Oak Bank is currently offering an 18 month CD at 2.40%. The CD has an early withdrawal penalty of just 90 days (vs 180 days for longer term CDs). https://www.liveoakbank.com/personal-banking/ In the current environment of rising rates, I would consider the 18 month CD. If rates rise quickly, t...
by bpg1234
Sat Mar 24, 2018 11:17 am
Forum: Personal Investments
Topic: Considering a CD ladder
Replies: 46
Views: 11410

Re: Considering a CD ladder

Brokered CDs are a good idea only if you plan to hold them to maturity. They cannot be "cashed in" early. They can be sold on the open market and you might not get a good price for them if you sold them. Right now, the two year CD (2.55%) is yielding a lot more than the one year, so I would avoid a...
by bpg1234
Thu Mar 22, 2018 6:39 pm
Forum: Personal Investments
Topic: Considering a CD ladder
Replies: 46
Views: 11410

Re: Considering a CD ladder

Brokered CDs are a good idea only if you plan to hold them to maturity. They cannot be "cashed in" early. They can be sold on the open market and you might not get a good price for them if you sold them. Right now, the two year CD (2.55%) is yielding a lot more than the one year, so I would avoid a...
by bpg1234
Wed Mar 21, 2018 11:51 pm
Forum: Personal Investments
Topic: Considering a CD ladder
Replies: 46
Views: 11410

Re: Considering a CD ladder

You reference the 2 year 2.55% CD but a total APY of 2.2% for the ladder. I too have thought about a ladder but considering taking the term risk and just going with the 2 year since it's a nice .50% bump over the 1 year or .40% bump over the 13 month shown on Vanguard site. So how many ladder rungs...
by bpg1234
Wed Mar 21, 2018 12:48 pm
Forum: Personal Investments
Topic: Considering a CD ladder
Replies: 46
Views: 11410

Re: Considering a CD ladder

One thing I struggle with is holding bonds. I'm 49 years old and hold only 7% of my portfolio in bonds. I know one holds bonds to provide stability and ballast rather than profit, but I've one of my bond holdings was $40k worth of BND, held since 2015, have yielded an actual profit of...$200. Becau...
by bpg1234
Sat Nov 11, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Marketplace insurance when dependent child gains employment
Replies: 5
Views: 665

Re: Marketplace insurance when dependent child gains employment

Thanks all for responses so far. My child will be out of college in December and then in January making above the required amount for being considered a dependent. It seems as though being on own healthcare plan, whether that be through the new employment, if offered, or separately in exchange/indiv...
by bpg1234
Fri Nov 10, 2017 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Marketplace insurance when dependent child gains employment
Replies: 5
Views: 665

Marketplace insurance when dependent child gains employment

Received approval for family of 4 with subsidy on healthcare.gov but have yet to pick a plan. Child under 26 just received word today of gaining a contractor employment position starting in the new year but not yet sure if health benefits are included or not. Child's response is that potential cowor...
by bpg1234
Sun Dec 18, 2016 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare.gov income estimate and CHIP
Replies: 12
Views: 1932

Re: Healthcare.gov income estimate and CHIP

OP, Although I'm not familar with all the rules, I would do a Roth conversion so I would be at my estimated income just to avoid potential bureaucratic paperwork and possible penalties. Is it worth your time to "correct" the situation in any other way? Thanks Celia for your perspective. This is wha...
by bpg1234
Sun Dec 18, 2016 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare.gov income estimate and CHIP
Replies: 12
Views: 1932

Re: Healthcare.gov income estimate and CHIP

what would stop anyone in providing an income estimate above the CHIP level to avoid a child being designated to the state CHIP program as part of the marketplace application process but then simply reporting lower actual 2016 income (still well within family subsidy range) when they file their tax...
by bpg1234
Sat Dec 17, 2016 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare.gov income estimate and CHIP
Replies: 12
Views: 1932

Re: Healthcare.gov income estimate and CHIP

Yes, it's a known gap in the system. They basically reasoned that the same deterrents that exist for people not lying about their income will exist for this as well. Thanks homer for your perspective. I also was informed by a respondent on another site that when an individual fills out the marketpl...
by bpg1234
Sat Dec 17, 2016 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare.gov income estimate and CHIP
Replies: 12
Views: 1932

Re: Healthcare.gov income estimate and CHIP

So to follow up on this. I understand that we would receive additional PTC in the form of a refund for 2016 actual income being lower than originally estimated and accepted by the exchange in our 2016 application. Additionally in reading IRS 2016 Instructions for Form 8962 it indicates that if the m...
by bpg1234
Fri Dec 16, 2016 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare.gov income estimate and CHIP
Replies: 12
Views: 1932

Re: Healthcare.gov income estimate and CHIP

Thanks all for your perspectives. I understand that if your income changes during the year you should report it to the healthcare marketplace so appropriate adjustments can be made, whether it be to increase/decrease subsidy amount or to move an individual(s) to say CHIP. But if the income different...
by bpg1234
Thu Dec 15, 2016 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare.gov income estimate and CHIP
Replies: 12
Views: 1932

Healthcare.gov income estimate and CHIP

Looking to see if anyone has any potential insight into the following healthcare.gov and Children Healthcare Insurance Program (basically child medicaid) situation: We provided a family income estimate to healthcare.gov in 2015 enrollment for 2016 for a family of 4 which included a child under the a...
by bpg1234
Thu Aug 27, 2015 8:08 am
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 306
Views: 60859

Re: TLH for absolute dummies

Edited: I just realized you may have been talking about the Vanguard frequent trading rules, not the wash sale rules. You can get rebuy at Vanguard after 30 days if you do it in writing. In my experience after waiting 31 days you can use automatic exchanges to reinvest as well. Actually, in additio...
by bpg1234
Thu Aug 27, 2015 8:00 am
Forum: Investing - Theory, News & General
Topic: Bounced back too quick
Replies: 34
Views: 10657

Re: Bounced back too quick

It was to be expected based on past history and back testing. If it had not bounced back so quickly, that would have been an anomaly. I think one can believe that the Vanguard managers of the LifeStrategy and TargetRetirement funds were doing rebalancing this week … maybe even twice (going and comi...