Search found 64 matches

by Tarkus
Tue Oct 22, 2019 6:16 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 345
Views: 37296

Re: Best CD rates thread

Submitted application for wife's account Sunday, account opened Monday (yesterday), I submitted application on Sunday, called twice yesterday, and was told it would take 24-48 hrs for a manual review. So far, nothing :( I just got my account finalized. I'm ready to link it to Ally. Maybe they see t...
by Tarkus
Tue Oct 22, 2019 2:52 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 345
Views: 37296

Re: Best CD rates thread

My experience setting up an account has also been sort of a pain. I applied on Friday, uploaded a PDF of my driver license. Didn't hear anything so I called yesterday. A woman told me that she would approve the application and I'd have an email by the end of the day. Today I didn't get the email, so...
by Tarkus
Fri Jan 11, 2019 1:16 pm
Forum: Personal Investments
Topic: Rebalancing with maturing CDs/bonds
Replies: 1
Views: 163

Rebalancing with maturing CDs/bonds

I'm in early retirement and I have about half of my fixed income in individual bonds and CDs. Due to the recent market drop, my asset allocation is a bit out-of-whack (but not yet at a 5% rebalancing band). When a CD or bond matures, one option would be to roll it into another CD or bond. But one co...
by Tarkus
Fri Jan 11, 2019 1:09 pm
Forum: Personal Investments
Topic: CD at 2.70 APR - 1, 2 or 3 years?
Replies: 20
Views: 3030

Re: CD at 2.70 APR - 1, 2 or 3 years?

Why not hedge and split your investment into a 3 year ladder? Put 33% in the 1 year, 33% in the 2 year and 33% in the 3 year.
by Tarkus
Thu Nov 01, 2018 8:23 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2516
Views: 462738

Re: What are you up YTD? [Year To Date]

I was up over 4% last month. After October's shellacking, I'm down for the year. But only -0.17%. That's with a 45/55 allocation. And 20% of my equities are international. So I guess I feel pretty good. I've been moving a lot of my fixed income holdings to CDs (and individual treasuries held to matu...
by Tarkus
Sun Oct 28, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: Second thoughts about munis (wsj article)
Replies: 47
Views: 4232

Re: Second thoughts about munis (wsj article)

This summer I decided to tinker with my portfolio. However, I realized that tinkering is dangerous, so I confined my tinkering to the fixed income side of things. Can't do too much damage in fixed income! I thought "Let me try to build a portfolio of individual municipals!" I set up my criteria, loo...
by Tarkus
Mon Oct 22, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 630
Views: 71963

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

I have a joint account with my wife. We've both signed up for the bonus. Prior to this month, only I had a login to our accounts. It was relatively easy to create a login for her -- she had to answer a few financial questions to verify her identity, and then her login had instant access to the joint...
by Tarkus
Sun Oct 21, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 630
Views: 71963

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

I still have a hard time believing the CSRs. As they have described the promotion, Ally is incentivizing their regular customers to transfer $100K to their bank, but also to STOP using them as a primary bank. I've got large bills to pay (regular expenses plus year-end estimated taxes) that would eff...
by Tarkus
Sat Oct 20, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 630
Views: 71963

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

So looking at the agreement regarding the cash bonus. Does it mean if i opened a savings acoount and placed money in it then transferred it to a cd. I would only get the cash bonus on the balance in the savings account balance? Is it ok to transfer it to a cd. You can definitely transfer to a CD. T...
by Tarkus
Tue Oct 16, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 630
Views: 71963

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

I'm worried about the withdrawals clause: "Withdrawals made during the Retention Period may reduce the Cash Bonus amount. Cash Bonus payout will occur within 30 calendar days following fulfillment of these requirements." Does this mean that any withdrawals made prior to 1/15 will reduce the cash bon...
by Tarkus
Sun Oct 07, 2018 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Sellers remorse - selling business
Replies: 44
Views: 5163

Re: Sellers remorse - selling business

I was in a similar situation. I sold my 60% of my business to private equity in 2011 (age 41), and then sold the rest of it to a MegaCorp in 2016. Total valuation was low 8 figures. I worked in the business full time until last year... lower and lower responsibilities each year. My situation was a l...
by Tarkus
Thu Oct 04, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: NASA FCU- 15 month CD 3.25% [2018]
Replies: 39
Views: 6469

Re: NASA FCU- 15 month CD 3.25%

Echohammer419 wrote:
Wed Oct 03, 2018 3:45 pm
Did you do a wire transfer to avoid the 90 day ach limitation?
I initiated the ACH from outside NASA FCU. I believe the limits only apply to ACH transfers initiated from NASA.
by Tarkus
Mon Sep 10, 2018 11:38 am
Forum: Investing - Theory, News & General
Topic: NASA FCU- 15 month CD 3.25% [2018]
Replies: 39
Views: 6469

Re: NASA FCU- 15 month CD 3.25%

I note that one way to join is they give you a 1-year free membership to the National Space Society. Since it's a 15-mo CD, I assume you'd need to renew it (costs between $25–$55) for at least one more year? I highly doubt you need to renew. They offer this option to establish membership -- I don't...
by Tarkus
Fri May 11, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 4392

Re: Muni bondholders vs. pensions

Virtually all of my bonds are individual municipal bonds. I’m not losing any sleep. One advantage of using an individual bond ladder over a fund is that the individual can control credit quality and maturity. By choosing only the highest quality bonds, state general obligations and essential servic...
by Tarkus
Fri May 11, 2018 8:42 am
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 4392

Muni bondholders vs. pensions

I just read this editorial in the Wall Street Journal, and it is chilling (if you have a lot invested in municipal bonds. It seems that this issue with underfunded pensions is the biggest threat to municipal bonds. I have been constructing a portfolio of individual municpal bonds and have avoided bu...
by Tarkus
Mon Feb 05, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 78
Views: 34474

Re: Vanguard Money Market vs. Savings Accounts

If you are in a higher tax bracket, why wouldn't you choose VMSXX, the Vanguard Municipal Money Market? It has an SEC yield of 1.0% and the dividends are free of federal tax.
by Tarkus
Tue Jan 30, 2018 10:26 am
Forum: Personal Investments
Topic: Early retired: Realize capital gains now, or live off muni interest?
Replies: 8
Views: 1211

Re: Early retired: Realize capital gains now, or live off muni interest?

My IPS allows me to rebalance whenever the asset allocation is off by 5%. I have always been able to rebalance by moving funds in tax-advantaged accounts, so there has never been any tax consequence. Now my tax advantaged accounts are completely filled with bond funds; I can't do that anymore. I hav...
by Tarkus
Tue Jan 30, 2018 10:08 am
Forum: Personal Investments
Topic: Early retired: Realize capital gains now, or live off muni interest?
Replies: 8
Views: 1211

Early retired: Realize capital gains now, or live off muni interest?

I am 47 and I retired a few weeks ago. Having "won the game" (total portfolio about $9 million), my IPS has a pretty conservative allocation of 45% equities and 55% fixed. In reality the equities have drifted a few points higher, and it looks kind of like this: 38% Vanguard Total Stock Index 10% Van...
by Tarkus
Sat Jan 27, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 335
Views: 71398

Re: Retreat to cash

Since January 3, 2017 total return of Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) is up 29.85%, and $10,000 invested has become $12,985.
By my calculation it's only up 6.3%, and $10,000 is worth $10,630. Did you mean "January 3, 2016"?
by Tarkus
Mon Dec 11, 2017 5:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 54
Views: 7021

Re: Vanguard Security Keys

As I understand it, here is the threat that exists from Vanguard's current system of sending backup codes via SMS: Imagine I am a malicious person and I have somehow obtained the password to your Vanguard account. Maybe you use the same password at a different site (yahoo) and it was compromised. It...
by Tarkus
Sun Nov 05, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 289
Views: 60291

Re: GETYAHOO broken? [Spreadsheet extension]

Yahoo shut down their finance API. :(

I stopped getting data from it starting on November 1.
by Tarkus
Wed Jul 05, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Delta Air - various classes of service
Replies: 59
Views: 7930

Re: Delta Air - various classes of service

I've been upgraded to Delta first class on domestic flights in the past, and it is quite nice. You board and deplane first, and are guaranteed convenient carry-on storage. You'll be offered a drink before take-off. They'll take your coat (if any) and hang it in a closet. On a segment that's 1000 mil...
by Tarkus
Thu May 18, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell my business?
Replies: 41
Views: 4774

Re: Should I sell my business?

Let's say your EBITDA is close to $500K per year. If I were buying your business as an investment, I would need to hire somebody to run it. You said the business requires a significant amount of the "owner's work". Could I hire somebody with your skills at $200K per year? If so, I'm going to adjust ...
by Tarkus
Sun May 14, 2017 7:09 am
Forum: Personal Consumer Issues
Topic: Switch from iPhone to Google Fi and Pixel?
Replies: 37
Views: 7829

Re: Switxh from iPhone to Google Fi and Pixel?

Cell phone coverage follows the 80/20 rule. It is relatively cheap for providers to cover 80% of the population -- the ones who live in urban areas. Almost all cell providers cover these areas really well. If you live (or travel) in a rural, out-of-the-way area, it is much more expensive to extend c...
by Tarkus
Wed Feb 15, 2017 10:47 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 45681

Re: Tesla Model 3 or Chevy Bolt?

I know this isn't one of the cars under consideration, but nonetheless I thought I'd pipe in. Because I recently leased an EV and I love it. I chose a BMW i3. It's a bit more expensive than either the Tesla or the Bolt, and it has a shorter range. So it might not work for everyone. But I live in a c...
by Tarkus
Wed Jan 25, 2017 12:09 pm
Forum: Personal Investments
Topic: The market is on fire
Replies: 134
Views: 17757

Re: The market is on fire

Dow 20K! A day to celebrate?

Image
by Tarkus
Sun Jan 01, 2017 10:21 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2516
Views: 462738

Re: What are you up YTD? [Year To Date]

My XIRR for the year is 4.9% I started off 60% equities/40% fixed, and shifted to 40% equities/60% fixed after I sold my business mid-year. I was surprised to see as much growth, as my new investment was mostly in bonds, and it was perfectly timed to capture the so-called bond route. If I include my...
by Tarkus
Fri Dec 09, 2016 10:35 am
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 250
Views: 44352

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

I see that they approved my account and debited my external bank account for the opening balance.

How do I get my account number so I can start banking online, and push money into the account? Do they send this in a snail-mail letter? Or do I have to call them?
by Tarkus
Sun Nov 20, 2016 9:33 am
Forum: Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 8283

Re: Wealth advisory services

Candidly, the biggest advantage I can see to BCA is the "family communication" piece. I want my wife to be engaged with the money. She complains that I am a control freak, which I am. I manage the investment accounts, I reconcile the bank accounts, etc. As a result, she feels that our family's money...
by Tarkus
Sun Nov 20, 2016 8:42 am
Forum: Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 8283

Wealth advisory services

I'm a 46-year-old entrepreneur-type guy. I am married and have 2 kids in elementary school. i recently sold my business. While i am still working in the business, i am transitioning out. Within a year or two I will get no income from the business. I'll need a new source of income unless I decide to ...
by Tarkus
Sat Nov 19, 2016 8:55 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle says Fidelity will be sold in 5 years...
Replies: 37
Views: 9988

Re: Jack Bogle says Fidelity will be sold in 5 years...

I think Jack gave you some incite. You need some *insight*! If Fidelity is sold, you will not have to close your accounts with them. Another ownership group will be in charge of Fidelity, that's all. They may make changes, but who knows what that would look like. I'm keeping my Fidelity accounts whe...
by Tarkus
Thu Nov 03, 2016 10:25 am
Forum: Personal Investments
Topic: Backdoor Roth -- shell game with a 401(k)
Replies: 14
Views: 2122

Re: Backdoor Roth -- shell game with a 401(k)

Are you sure you can segregate the $15000 non-deductable funds when you sell the bond fund and transfer that to your settlement fund? I thought these were sort of all mixed up, but there I'm not sure. That would be the hard part. That's the big question! I did end up asking my tax adviser and he sa...
by Tarkus
Wed Nov 02, 2016 10:12 am
Forum: Personal Investments
Topic: Backdoor Roth -- shell game with a 401(k)
Replies: 14
Views: 2122

Re: Backdoor Roth -- shell game with a 401(k)

It's not a second account -- these are nondeductible traditional IRA contributions I've made over the years, documented with an IRS form 8606 for "Nondeductible IRAs". The contributions were made to my IRA, which otherwise was funded with pre-tax contributions. So there is some tax basis in the IRA....
by Tarkus
Wed Nov 02, 2016 9:19 am
Forum: Personal Investments
Topic: Backdoor Roth -- shell game with a 401(k)
Replies: 14
Views: 2122

Backdoor Roth -- shell game with a 401(k)

Forgive the subject -- this feels a bit like a shell game. But here is my situation/plan: I have a Roth 401(k) at work, which I try to max out every year. I also have a Traditional IRA with about $300K in it. It is all invested in a single bond fund at Vanguard. In years past, I made nondeductible c...
by Tarkus
Wed Oct 12, 2016 10:53 am
Forum: Investing - Theory, News & General
Topic: Highly compensated employee limits - 401k
Replies: 29
Views: 6801

Re: Highly compensated employee limits - 401k

Somebody said there was no downside to contributing to the max and getting a refund. Well, I had this happen last year. I contributed to the max and invested in my fund when prices were high. I had a very large HCE refund. When the refund was made, the sell price was significantly less than the buy ...
by Tarkus
Tue Oct 04, 2016 6:25 am
Forum: Personal Investments
Topic: Hedging against divorce
Replies: 18
Views: 5344

Re: Hedging against divorce

I assume Vanguard has some way of executing a court order? I was looking online and I see lots of information on transferring ownership of retirement funds -- including a well-defined process and forms at Vanguard for doing this. I don't see anything about non-retirement funds, so it makes me queasy...
by Tarkus
Mon Oct 03, 2016 4:25 pm
Forum: Personal Investments
Topic: Hedging against divorce
Replies: 18
Views: 5344

Re: Hedging against divorce

Is this true of taxable (non-retirement) accounts? Everything I see about QDROs online is referring to pensions and 401(k) accounts.
by Tarkus
Mon Oct 03, 2016 4:17 pm
Forum: Personal Investments
Topic: Hedging against divorce
Replies: 18
Views: 5344

Hedging against divorce

If husband and wife have consolidated their finances, what happens in a divorce? I'm specifically curious about investment accounts. Let's say the husband and wife are getting a divorce and need to de-consolidate the finances. Will mutual funds need to be sold, thus triggering capital gains tax? Or ...
by Tarkus
Wed Jan 06, 2016 3:56 pm
Forum: Personal Investments
Topic: Inherited IRA
Replies: 20
Views: 2380

Re: Inherited IRA

How do you calculate RMDs?

I looked into Vanguard's RMD service, but after a cursory glance at the site, it seemed like it was only applicable to people in retirement, not for inherited IRAs?
by Tarkus
Sat Sep 26, 2015 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct -Changing Bank Account Info
Replies: 30
Views: 5875

Re: Treasury Direct -Changing Bank Account Info

I am stuck leaving a bank account open for the sole purpose it links to Treasury Direct. My other bank is Ally, and I can't very well stand before an officer of this internet bank and get a form signed. I am also frustrated -- one of the reasons I may ditch I-Bonds. They are extremely inconvenient f...
by Tarkus
Tue Sep 01, 2015 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Chip credit cards, do I need to get a PIN?
Replies: 54
Views: 8360

Re: Chip credit cards, do I need to get a PIN?

I just got back from the UK. The Barclaycard Arrival allows you to set a PIN. This is only useful for foreign kiosks, such as when you want to buy train tickets. You will NOT be able to do that without setting a PIN. Most other Americans were leaving the unattended kiosks in frustration (as I did on...
by Tarkus
Sat Sep 06, 2014 9:29 pm
Forum: Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 5905

Re: Drawing down a windfall...

I read the WSJ article this week (Google "Six-Figure Incomes—and Facing Financial Ruin"). It was eye-opening. I have been meaning to print it out and share it with my wife so she can read it too. :) I have already decided that we can not participate in any more capital calls. This has been far more ...
by Tarkus
Sat Sep 06, 2014 3:23 pm
Forum: Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 5905

Re: Drawing down a windfall...

We have no debt to speak of... $300K of mortgage on a $1 million house. What is making the expenses so high? We spent $441K last year, not including income tax. Yes, quite astonishing. The biggest discretionary contributors last year were: quite a bit of travel, $57K painted our house: $20K private ...
by Tarkus
Sat Sep 06, 2014 1:03 pm
Forum: Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 5905

Drawing down a windfall...

Three years ago, at the age of 41, I sold a majority stake of my business to a private equity group. They valued my business at $10 million. At the time, my industry was growing at an unprecedented rate. I thought it was probably an unsustainable growth rate, but I wasn’t sure. I hedged my bet and t...
by Tarkus
Fri Sep 05, 2014 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Six-Figure Incomes—and Facing Financial Ruin [WSJ article]
Replies: 59
Views: 12562

Re: Six-Figure Incomes—and Facing Financial Ruin [WSJ articl

The Chicago-area family making $400K per year spends $9,000 on car insurance??? Really? At $15K a year in car purchase expenses, they are clearly buying luxury cars, but the cost of insurance is rather extreme. DUI?
by Tarkus
Fri Sep 05, 2014 9:06 pm
Forum: Personal Investments
Topic: Best use of tax-deferred space
Replies: 14
Views: 1854

Re: Best use of tax-deferred space

I am not technically self-employed, but I am an investor in my company. We have a SIMPLE IRA plan in place, but this will be switching to a 401k next year. So there will be some better opportunities to expand the tax-advantaged space soon. Appreciate the I-bond suggestion. We currently do max out th...
by Tarkus
Fri Sep 05, 2014 7:19 am
Forum: Personal Investments
Topic: Best use of tax-deferred space
Replies: 14
Views: 1854

Re: Best use of tax-deferred space

For retirement accounts, I have a Traditional IRA and a SIMPLE IRA. Wife has a SIMPLE IRA and a Roth IRA, Can't fund wife's SIMPLE due to lack of income, and our income is too great to fund either a Roth or a Traditional in any tax-advantaged way. So we don't. True, taxable dwarfs the retirement acc...
by Tarkus
Thu Sep 04, 2014 9:42 pm
Forum: Personal Investments
Topic: Best use of tax-deferred space
Replies: 14
Views: 1854

Best use of tax-deferred space

About 15% of my wife's and my total liquid investments are tax-advantaged retirement accounts. I have maxed out that space with bond funds to defer the taxation on the income. I have additional municipal bonds in my taxable account, so I can reach our desired 35% allocation to bonds. Having done thi...
by Tarkus
Fri Aug 29, 2014 9:32 pm
Forum: Personal Consumer Issues
Topic: Trip to the Caribbean - Suggestions
Replies: 39
Views: 4506

Re: Trip to the Caribbean - Suggestions

Going to St. John with our two elementary-school-age children over New Years week. It will be our second trip. It is so easy to get there from Minnesota, with a direct flight to St. Thomas on Sun Country Airlines. After you arrive at the airport, it's about 90 minutes of travel time to the island vi...