Search found 168 matches

by Happy2BeFree
Tue Mar 27, 2018 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone buying CDs now instead of I bonds?
Replies: 22
Views: 3659

Re: Is anyone buying CDs now instead of I bonds?

I just purchased $5k of Ibonds through the refund method. My god, they sent me a stack of 12 envelopes -- for a total of 12 Ibonds. Why 12? Why not just $1000 x 5? You have no say what are sent to you. Here's how it goes: 4 x $1000, 1 x $500, 1 x $200, 6 x $50. Frankly, I'm amazed the USPS did not ...
by Happy2BeFree
Tue Mar 27, 2018 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone buying CDs now instead of I bonds?
Replies: 22
Views: 3659

Re: Is anyone buying CDs now instead of I bonds?

Great posts and thoughts to ponder, so thanks, all, for contributing. I do find the TD website to be clunky and it's a slow process to log in, but mostly I'm just trying to consolidate my holdings to one brokerage and a couple online banks (that hold a number of direct CDs), though as another poster...
by Happy2BeFree
Mon Mar 26, 2018 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone buying CDs now instead of I bonds?
Replies: 22
Views: 3659

Is anyone buying CDs now instead of I bonds?

I'm trying to decide whether to buy I bonds this year. I have a good amount of FI in 3-4% CDs, most of which are coming due late this year and early next. Since interest rates will continue to increase (according to the Fed) over the next couple years, I wonder if CDs make more sense in this environ...
by Happy2BeFree
Mon Mar 19, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: How best to use carryover capital losses?
Replies: 17
Views: 1530

Re: How best to use carryover capital losses?

The most important asset allocation decision — how much to allocate to equities, the riskiest asset class — is also the least precise and most difficult. Some find it helpful to think in terms of ability, willingness and need to take on risk . One problem is that ability and need to take on risk ar...
by Happy2BeFree
Sun Mar 18, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: How best to use carryover capital losses?
Replies: 17
Views: 1530

Re: How best to use carryover capital losses?

By sticking to the balanced funds in your IRA, you are coming up with expensive choices in taxable. This does not make any sense. Sell off enough of a balanced fund and replace it with fixed income (bond, money market, CD, etc.) so you don't need to sell in taxable and waste your carry-over losses....
by Happy2BeFree
Sun Mar 18, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: How best to use carryover capital losses?
Replies: 17
Views: 1530

Re: How best to use carryover capital losses?

If it were me, I'd be very reluctant to waste those carryover losses on gains that would not be taxed. For the 8% shift in asset allocation, which is relatively modest, I'd be inclined to let the higher equity allocation ride. If equities drop 50%, your portfolio would lose 19% with the current AA,...
by Happy2BeFree
Sun Mar 18, 2018 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: How best to use carryover capital losses?
Replies: 17
Views: 1530

Re: How best to use carryover capital losses?

Again, thank you to everyone who took the time to respond...this is all very helpful. Just so I understand: 1. I would pay 0% CG tax as long as I do not exceed $38.6k in which of these: taxable income or AGI ? 2. If I decided to sell some funds*, as long as my cap losses exceed my (LT and minuscule ...
by Happy2BeFree
Sun Mar 18, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: How best to use carryover capital losses?
Replies: 17
Views: 1530

Re: How best to use carryover capital losses?

Hi, and so many thanks to all who responded...much appreciated. I will be back this evening and reply. Hope you all have an excellent day. :happy
by Happy2BeFree
Sat Mar 17, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: How best to use carryover capital losses?
Replies: 17
Views: 1530

How best to use carryover capital losses?

Hi, and thanks to everyone who contributes to this board. I've learned more here than in many financial books I've read! I have an unexpected carryover loss of about $37k. I'm mid-50s, semi-retired, and mostly living off my savings except for tiny self-employment income. My taxable $$ is in interest...
by Happy2BeFree
Sat Mar 17, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 259
Views: 111911

Re: I can't believe I am thinking this [Panic and Survival 2008-09]

I'd like to propose that this excellent thread be "stickied" or "pinned" to the top of this Investing Theory page. :idea:
by Happy2BeFree
Thu Mar 15, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

I was hoping I could expedite things that way, since I belong to a local credit union that partners with Sharonview, as does the CU from which I am having my funds transferred...but in both cases I was told it would not help. Do you have an Ally savings account? My ACH transfer took one day for the...
by Happy2BeFree
Thu Mar 15, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

I just confirmed my new 4% CD as well! Ally did a one-day transfer (ACH, after two trial deposits), which was great. Spent about 10 minutes with a very friendly CSR, who moved things over and it's now all set up. Very easy process with SFCU; the worst part was the decision to go through with it. Gla...
by Happy2BeFree
Wed Mar 14, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Trad IRA Conversion to Roth: Should I bother? [What is "earned income"?]
Replies: 23
Views: 1366

Re: Trad IRA Conversion to Roth: Should I bother? [What is "earned income"?]

Thank you so much, everyone. This is all so helpful! Much appreciated. :beer
by Happy2BeFree
Wed Mar 14, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Trad IRA Conversion to Roth: Should I bother? [What is "earned income"?]
Replies: 23
Views: 1366

Re: What constitutes earned income for trad/Roth IRA contributions?

Thanks to everyone who contributed to this discussion. Yes, aside from earned income, I also had unearned and passive income (interest, dividends, etc.), but didn't consider that for an IRA. I'm still not clear on what constitutes earned income, or what I can actually contribute each year to a Roth ...
by Happy2BeFree
Wed Mar 14, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Trad IRA Conversion to Roth: Should I bother? [What is "earned income"?]
Replies: 23
Views: 1366

Re: Trad IRA Conversion to Roth: Should I bother?

Thanks, retiredjg. I'll check out the link. I thought I understood how much I could contribute, but I guess I don't.
by Happy2BeFree
Wed Mar 14, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Trad IRA Conversion to Roth: Should I bother? [What is "earned income"?]
Replies: 23
Views: 1366

What constitutes earned income for trad/Roth IRA contributions?

[Thread merged into here, see below. --admin LadyGeek] I'm stumped. If I earn $3k on a freelance job and have no other earned income for the year, I cannot contribute $3k to a trad or Roth IRA for that year? I have to subtract whatever deductions I take on that job and figure out the NET earned inc...
by Happy2BeFree
Wed Mar 14, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Trad IRA Conversion to Roth: Should I bother? [What is "earned income"?]
Replies: 23
Views: 1366

Re: Trad IRA Conversion to Roth: Should I bother?

Oh, thank you all, so much! I actually earned $3k last year, and that was my only earned income, reported on my 1099-misc. I assume that's considered gross income? So you cannot contribute to an IRA (Roth or trad) an amount equal to your gross earned income? You can contribute only that amount to yo...
by Happy2BeFree
Tue Mar 13, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Trad IRA Conversion to Roth: Should I bother? [What is "earned income"?]
Replies: 23
Views: 1366

Trad IRA Conversion to Roth: Should I bother? [What is "earned income"?]

[Question updated, see below. --admin LadyGeek] Hi, I just had my taxes done and hope I can glean some wisdom from the board. I contributed about $3k to a traditional IRA last year for tax year 2017. ($3k was my freelance income for the year.) After business deductions, I was able to deduct only ab...
by Happy2BeFree
Tue Mar 13, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

I know, it's hard to be patient...their website had tech difficulties all afternoon, and I was trying to access my account. Frustrating. But they're all so professional, helpful, and kind, so in the end, I think it'll be worth the effort and the wait.
by Happy2BeFree
Tue Mar 13, 2018 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Freezing credit reports and opening CDs
Replies: 22
Views: 1973

Re: Freezing credit reports and opening CDs

I just found out that, at least with some credit unions and banks, they can access your credit report even though it's frozen. I applied to Sharonview for its 4% CD, and must have given permission for them to access my report on the application. I just don't understand why I didn't need to unfreeze...
by Happy2BeFree
Tue Mar 13, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Freezing credit reports and opening CDs
Replies: 22
Views: 1973

Re: Freezing credit reports and opening CDs

I just found out that, at least with some credit unions and banks, they can access your credit report even though it's frozen. I applied to Sharonview for its 4% CD, and must have given permission for them to access my report on the application. I just don't understand why I didn't need to unfreeze ...
by Happy2BeFree
Tue Mar 13, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

Update: Just got two emails from Sharonview this morning welcoming me as a member and sending documents to sign. This explains why I got notice from Credit Karma yesterday that a "lender" tried to access my credit report and my credit score took a hit. Turns out, Sharonview was able to pull my repor...
by Happy2BeFree
Mon Mar 12, 2018 12:53 am
Forum: Investing - Help with Personal Investments
Topic: I want to retire
Replies: 28
Views: 5001

Re: I want to retire

At this point - without any additional information - I don't see how you can retire today and spend $85k (without running a huge risk of running out of money long before your retirement is over). You can certainly retire if you wish, but I think you will need to scale back your spending target dram...
by Happy2BeFree
Sat Mar 10, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

Thanks to keinodoggy and Visitor for your assurance about the 4% rate, and everyone else who's contributed to this thread...it's so helpful hearing other's experiences and suggestions! :beer
by Happy2BeFree
Sat Mar 10, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

I opened an account earlier in the week, still hadn't heard back. I gave them a call yesterday, they said I'd be able to fund a cd when they got around to approving my app. Honestly, I'm ambivalent about the offer, my strategy to date has been two year or less CDs unless accompanied by a low EWP. w...
by Happy2BeFree
Fri Mar 09, 2018 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Freezing credit reports and opening CDs
Replies: 22
Views: 1973

Re: Freezing credit reports and opening CDs

Everyone, thanks for pitching in. You've given me food for thought. I did fill out an application for that Sharonview CD, but it's in limbo right now. I certainly believe it should be free to freeze, unfreeze, and refreeze our reports, given that our private information was gathered without our cons...
by Happy2BeFree
Fri Mar 09, 2018 5:40 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

The promo is no longer on their website. My application is in limbo, so not sure if I made the cut. The rep I spoke with this morning didn't say they'd guarantee the rate since my app hasn't been approved yet.
by Happy2BeFree
Fri Mar 09, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Freezing credit reports and opening CDs
Replies: 22
Views: 1973

Re: Freezing credit reports and opening CDs

Are taxes a concern? I use a stable value fund and total bond market in tax deferred. But if I wanted FI investments in taxable, I would buy series I treasury bonds or t-bills. Those pay favorable rates and are exempt from state tax. The I bond is also tax deferred. I would not buy a bond fund. Yes...
by Happy2BeFree
Fri Mar 09, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Freezing credit reports and opening CDs
Replies: 22
Views: 1973

Freezing credit reports and opening CDs

For those of you who have frozen your credit reports (including Innovis and Chex) and yet still want to take advantage of higher-rate CDs, what have you decided to do: 1. Go through the hassle and pay the fees to unfreeze/refreeze one or more credit reports, possibly several times per year, to fund ...
by Happy2BeFree
Thu Mar 08, 2018 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: I want to retire
Replies: 28
Views: 5001

Re: I want to retire

At this point - without any additional information - I don't see how you can retire today and spend $85k (without running a huge risk of running out of money long before your retirement is over). You can certainly retire if you wish, but I think you will need to scale back your spending target dram...
by Happy2BeFree
Thu Mar 08, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

I'm in the process of setting up my CD. I went through the process of becoming a member and opening a $5 savings account online. Keep in mind that this requires a hard pull on your credit report (TransUnion for me). The CD process can only be done on the phone. I'm not sure if you could become a me...
by Happy2BeFree
Wed Mar 07, 2018 10:23 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

Thank you...the CSR said that for this special, they're doing only wire transfers, basically because it's simpler for them since they're getting so many applications. I wondered if anyone actually has done a transfer yet, and if so, what kind: ACH/EFT, wire, etc. I did a wire, some others deposited...
by Happy2BeFree
Wed Mar 07, 2018 10:05 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

Thank you...the CSR said that for this special, they're doing only wire transfers, basically because it's simpler for them since they're getting so many applications. I wondered if anyone actually has done a transfer yet, and if so, what kind: ACH/EFT, wire, etc. I did a wire, some others deposited...
by Happy2BeFree
Wed Mar 07, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

Thank you...the CSR said that for this special, they're doing only wire transfers, basically because it's simpler for them since they're getting so many applications. I wondered if anyone actually has done a transfer yet, and if so, what kind: ACH/EFT, wire, etc.
by Happy2BeFree
Wed Mar 07, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

Has anyone had to do a wire transfer to Sharonview? The CSR I spoke with said they're not doing ACH (free) transfers, only wire transfers. So it's $20 to join Hobby Farmers, then a $10-$25 fee to wire funds from a bank to Sharonview and a $10 fee to accept the wire to Sharonview? Just making sure I ...
by Happy2BeFree
Wed Mar 07, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12911

Re: Sharonview FCU 64 month CD - 4%

I also just called, and they said as long as you open an account with the intention of purchasing the CD, they'll hold the rate. (As long as you fund it within a short time, I assume.) I also asked about an inherited IRA CD, and they said they can do this, but when I asked if they'll figure out my R...
by Happy2BeFree
Mon Mar 05, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 178
Views: 18904

Re: Is Cash Trash? The Purpose of Cash

abuss368 wrote:
Mon Mar 05, 2018 8:39 pm
Happy2BeFree wrote:
Mon Mar 05, 2018 1:36 pm
abuss368 wrote:
Sun Mar 04, 2018 3:22 pm
Vanguard's Prime Money Market fund is now yielding in excess of 1.50%.
May I ask, is the MM's yield/return lessened by its 0.16% ER? Or is 1.53% (as of today) the net return?
It is always after the expense ratio.
Thanks!
by Happy2BeFree
Mon Mar 05, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 175
Views: 51255

Re: Vanguard's Wellesley Income fund is incredible

Yes, as both stocks and bonds took a hit, Wellesley got it from both sides. I was a little shocked at first, but the upside of higher dividends should be worth it in the end. :sharebeer You would be better advised to consider return rather than share price or dividends by themselves. True, as I am ...
by Happy2BeFree
Mon Mar 05, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 175
Views: 51255

Re: Vanguard's Wellesley Income fund is incredible

Heh...as of last close, Wellesley is my biggest loser YTD, at -2.59%. Next worst is VG Small Cap at -2.21% and then a total bond fund at -1.90%. The good news is Wellesley's dividend yield has finally popped up to 3%! A bit of recompense is nice. :D As you note, Wellesley's current losses are large...
by Happy2BeFree
Mon Mar 05, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 178
Views: 18904

Re: Is Cash Trash? The Purpose of Cash

triceratop wrote:
Mon Mar 05, 2018 1:41 pm
Happy2BeFree wrote:
Mon Mar 05, 2018 1:36 pm
abuss368 wrote:
Sun Mar 04, 2018 3:22 pm
Vanguard's Prime Money Market fund is now yielding in excess of 1.50%.
May I ask, is the MM's yield/return lessened by its 0.16% ER? Or is 1.53% (as of today) the net return?
SEC yield is post-expense ratio.
Thank you!
by Happy2BeFree
Mon Mar 05, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 175
Views: 51255

Re: Vanguard's Wellesley Income fund is incredible

Heh...as of last close, Wellesley is my biggest loser YTD, at -2.59%. Next worst is VG Small Cap at -2.21% and then a total bond fund at -1.90%.

The good news is Wellesley's dividend yield has finally popped up to 3%! A bit of recompense is nice. :D
by Happy2BeFree
Mon Mar 05, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 178
Views: 18904

Re: Is Cash Trash? The Purpose of Cash

abuss368 wrote:
Sun Mar 04, 2018 3:22 pm
Vanguard's Prime Money Market fund is now yielding in excess of 1.50%.
May I ask, is the MM's yield/return lessened by its 0.16% ER? Or is 1.53% (as of today) the net return?
by Happy2BeFree
Sat Dec 09, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4614

Re: Which is better: Wellesley or 5-yr 2.5% CD?

The interest from a CD will be taxed as regular income. By comparison, a substantial portion of the interest and dividends generated by Wellesley are taxed as lower long-term capital gains rates. This also applies to capital appreciation of the fund itself when it is sold. So Wellesley is more tax ...
by Happy2BeFree
Sat Dec 09, 2017 5:51 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4614

Re: Which is better: Wellesley or 5-yr 2.5% CD?

Keep in mind interest income produced by a CD is taxed as regular income, while income from Wellesley is mostly taxed as a long-term capital gain. That's a big difference if you're in the top tax bracket. Wellesley is roughly two-thirds in bonds, and much of the income they throw off is not 'qualif...
by Happy2BeFree
Sat Dec 09, 2017 1:55 am
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4614

Re: Which is better: Wellesley or 5-yr 2.5% CD?

Very helpful reading all of these replies; thanks to everyone who's been contributing! Willthrill, you're right, my friend is definitely not an investor. I had thought that I could make the case for Wellesley for this application, but I can't guarantee anything, which means it's off the table. I hav...
by Happy2BeFree
Fri Dec 08, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4614

Re: Which is better: Wellesley or 5-yr 2.5% CD?

That is an interesting idea! I'll have to think about it, because taxes are involved and might affect other pieces of my financial puzzle (ACA, for one). That's why I have Wellesley in my tax-deferred space. Hmm. I will mull that over, and I Bonds, too. Thank you guys very much! This forum is just a...
by Happy2BeFree
Fri Dec 08, 2017 7:05 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4614

Re: Which is better: Wellesley or 5-yr 2.5% CD?

Any thoughts on something like 60 pct cd and 40 pct Wellesley? I would be totally comfortable with that mix for myself and for him, but having briefly spoken with him today, he was nervous about the thought of fluctuating principal. Unless he changes his mind, CDs will have to do. Thank you for you...
by Happy2BeFree
Fri Dec 08, 2017 6:52 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4614

Re: Which is better: Wellesley or 5-yr 2.5% CD?

CDs may indeed be best for him if any unrealized loss before the five years are expired would cause him to panic and blame you. That being said, I'm a strong 'believer' in Wellesley for many reasons. With regard to the situation at hand, it's never had a five year period in its 47 year history wher...
by Happy2BeFree
Fri Dec 08, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4614

Re: Which is better: Wellesley or 5-yr 2.5% CD?

Everyone, thank you so much for your thoughts, feedback, and suggestions. After reading all your posts, I think CDs are my friend's best bet. I just wanted to help him get more for his money—but I guess it's not as sure a bet as I'd thought. Probably better to keep things simple. I greatly appreciat...
by Happy2BeFree
Fri Dec 08, 2017 3:24 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4614

Re: Which is better: Wellesley or 5-yr 2.5% CD?

Are you willing to make a written agreement with him that if he invests money in Wellesley, and, five years from now, it is worth less than it is now, you personally will make up the loss? Are you willing to make a written agreement with him that if he invests money in Wellesley, and, five years fr...