Search found 192 matches

by nbseer
Wed Jul 24, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)
Replies: 95
Views: 11588

Re: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)

with Vanguard federal money market VMFXX paying a 7-day SEC yeild of 2.26%, is this promotion really worth all the moving money around, setting up a new account, etc? Seems like a lot of work for not much more return.
by nbseer
Wed Jun 26, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to ROTH convert or not?
Replies: 14
Views: 1214

Re: IRA to ROTH convert or not?

Since you're already taking SS, use that money to pay the taxes on Roth conversions. Having a nice amount in your Roth can be used tax-free for an emergency fund, for a car, new roof, etc.
by nbseer
Mon May 13, 2019 7:45 pm
Forum: Personal Investments
Topic: Social security should you take early if you don’t need the money?
Replies: 24
Views: 2892

Re: Social security should you take early if you don’t need the money?

Be aware of the 'tax torpedo', especially if you are fortunate to have a pension and a large amount in a pre-tax IRA. Add a delayed and increased SS to that at age 70 and you will get slammed when you have to start taking RMDs. I started taking SS at 65, to use for paying the tax on Roth conversions...
by nbseer
Sun May 05, 2019 8:43 pm
Forum: Personal Investments
Topic: Vanguard, Fidelity and cybercriminals
Replies: 13
Views: 2421

Vanguard, Fidelity and cybercriminals

Interesting 60 Minutes report tonight on how easy it is for cybercriminals to hack into computer networks of cities, hospitals, etc, and encrypt and hold data hostage unless ransom is paid. I would assume that Vanguard, Fidelity, etc have the latest 'state of the art' systems to prevent something li...
by nbseer
Sun Apr 14, 2019 7:58 am
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 286
Views: 20492

Re: Talk me in/out of $35k Tesla Model 3

Another issue with Tesla could be getting repairs. With questionable status of Tesla dealerships, where do you take your vehicle when something goes wrong. Hearing stories of it taking weeks, even months to get a problem fixed.
by nbseer
Sat Apr 06, 2019 8:00 pm
Forum: Personal Investments
Topic: Bond fund, CD, or ?
Replies: 9
Views: 1473

Re: Bond fund, CD, or ?

My tIRA is almost all in CD's one to two year duration. They seem to be paying about the same as short term bond funds, without the danger of losing value if rates starting going up again. Also, and someone correct me if I'm wrong, but unlike a bond fund where you pay an expense ratio, with a CD you...
by nbseer
Tue Feb 12, 2019 9:07 pm
Forum: Personal Investments
Topic: No fees (ER) on CDs??
Replies: 7
Views: 463

Re: No fees (ER) on CDs??

All my CDs are in IRA (no taxes on interest) and I hold them to maturity so no early redemption penalty.
by nbseer
Tue Feb 12, 2019 8:35 pm
Forum: Personal Investments
Topic: No fees (ER) on CDs??
Replies: 7
Views: 463

No fees (ER) on CDs??

Most of my tIRA is invested in CD's at both Vanguard and Fidelity. Am I correct in thinking that, unlike investing in a bond or stock fund, no expenses are taken from CD investments? And if that's true, with even 1-year CD's now earning almost 2.5%, why would anyone have money in a short-term bond f...
by nbseer
Sat Feb 02, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is roth conversion worth it in all cases?
Replies: 64
Views: 5146

Re: Is roth conversion worth it in all cases?

If youre fortunate enough to get a pension that increases in value if you hold off claiming it, take SS at your full retirement age and use that for living expenses and also to pay taxes on Roth conversions (if it's enough). That way, you get your SS money and use it to pay those taxes, while reduci...
by nbseer
Sun Jan 13, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping up with inflation?
Replies: 18
Views: 2559

Keeping up with inflation?

Everything I read says you've got to invest in stocks to 'keep up with inflation'. But doesn't it all come down to what you spend money on? Gas is dependant on oil prices, and right now gas where I live in NJ is just over $2 a gallon. Same thing with food.. buy the store brands and what's on sale, u...
by nbseer
Sun Dec 30, 2018 6:44 pm
Forum: Personal Investments
Topic: Budgeting for unexpected and capital expenses in retirement
Replies: 15
Views: 1175

Re: Budgeting for unexpected and capital expenses in retirement

I've been converting from tIRA to Roth IRA for the last few years while I'm at a lower tax bracket. I have used the Roth as tax-free money to pay for a new car, new roof, and anything else that suddenly is needed.
by nbseer
Sat Dec 22, 2018 9:09 pm
Forum: Investing - Theory, News & General
Topic: Bonds this year: a case for staying the course
Replies: 13
Views: 1593

Re: Bonds this year: a case for staying the course

Why not get rid of the bonds and buy one-year CDs.. they're paying around 2.7%.. way more than a money market, no risk of going down in price like bonds when rates rise, and a year from now, when that CD is redeemed, rates are likely to be higher than they are now..
by nbseer
Sat Dec 08, 2018 5:07 pm
Forum: Personal Investments
Topic: What am I not getting about the value of TIPS funds?
Replies: 23
Views: 2373

What am I not getting about the value of TIPS funds?

To be honest I've never understood why retired folks should load up on TIPS funds/etfs. Not much inflation right now, short-term one year CDs paying close to 3 percent, TIPS seem to be hit by interest rate hikes just as badly as bonds, and such wimpy returns! Average annual returns VAIPX Inflation-P...
by nbseer
Tue Nov 13, 2018 6:47 pm
Forum: Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 50
Views: 5494

Oops! Edward Jones tops Vanguard in customer survey

New customer survey drops Vanguard down, below Edward Jones! :oops:

http://www2.philly.com/philly/business/ ... 81113.html
by nbseer
Fri Aug 10, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Buying used car - advice requested
Replies: 36
Views: 2718

Re: Buying used car - advice requested

I agree with checking deals on new vehicles. I was looking for a used car, 2015-2016 with around 30,000 miles, but ended up buying a new 2018 Mazda3 Sport for $16,800 after dealer cash-back, etc. Not much more than a used vehicle would have been.
by nbseer
Sun Aug 05, 2018 4:15 pm
Forum: Personal Consumer Issues
Topic: Audi A4 -- Does Anyone Have an Opinion About It?
Replies: 31
Views: 3306

Re: Audi A4 -- Does Anyone Have an Opinion About It?

Save thousands and get a Mazda 3 Grand Touring. Favorably compared to Audi in terms of handling, etc but much less expensive and better reliability too.
by nbseer
Tue Jul 03, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 12598

Re: SS taken at 62 vs. 70, but measured from 70+

"...Especially if you have a large tax deferred account, then spending that down to some degree is The Whole Point of delaying SS. That, along with Roth conversions. This reduces RMDs, you see..." Ah yes... but how to pay the taxes on tIRA withdrawals and/or Roth conversions? If all of your retireme...
by nbseer
Thu Jun 28, 2018 1:16 pm
Forum: Personal Consumer Issues
Topic: New car dealer pricing
Replies: 44
Views: 3015

Re: New car dealer pricing

My 18 year old Mazda Protege died. I went to a local Mazda dealer and was prepared to check out Carmax nearby for 2015 used Mazda3's with 25,000-40,000 miles, convinced that buying a new car was financially dumb with instant depreciation, etc. Apparently I lucked out, as Mazda was shaving $2,500 off...
by nbseer
Sat Jun 09, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Rising Interest Rate Strategy
Replies: 35
Views: 5223

Re: Rising Interest Rate Strategy

My tIRA is almost 100% in short-term (1 year) CDs, now paying 2.25%. I figure, in this slowly rising-interest rate environment, by the time these come due, rates will be higher and I'll do it again. Staying away from multi-year ladders cause it doesn't seem the longer-term CDs are paying that much m...
by nbseer
Wed May 16, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 48601

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

MNgopher sez: "Spend down most of your 401K in your 60's," to lower RMDs. But if you've built up a sizable 401K, the tax bite could be brutal. Better to take SS before age 70 and use it to pay taxes on Roth conversions, while staying in the 15% bracket.
by nbseer
Sat Apr 28, 2018 8:41 pm
Forum: Personal Investments
Topic: CD ladder in IRA??
Replies: 12
Views: 1532

Re: CD ladder in IRA??

OP here: Another factor is that I'm retired, not still trying for appreciation in my IRA but more on keeping what I've built up over the years and willing to accept 2% returns with CDs. Started taking SS at 65 so DW could get spousal benefit.. also will begin a pension in a few years, after doing Ro...
by nbseer
Sat Apr 28, 2018 6:11 pm
Forum: Personal Investments
Topic: CD ladder in IRA??
Replies: 12
Views: 1532

Re: CD ladder in IRA??

Well, "ThisJustin", if you are personally guaranteeing that stocks will return 7% a year in the future, I will ditch the CD's and go all in :P (I'm more concerned at this point with 'return of principal' rather than ''return on principal'
by nbseer
Sat Apr 28, 2018 4:09 pm
Forum: Personal Investments
Topic: CD ladder in IRA??
Replies: 12
Views: 1532

CD ladder in IRA??

Since the Fed is now in a rising interest rate mood, why would anyone set up a 5-year CD ladder in a tIRA, locking in today's lower rates? Wouldn't it be better to put all the money into 1 or 2 year CDs, then buy new ones at the presumably higher rates when they mature?
by nbseer
Thu Mar 29, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: Redesigned 2019 Forester - details now available
Replies: 21
Views: 4783

Re: Redesigned 2019 Forester - details now available

Had a 2003 Forester and suffered through two head gasket replacements (even though Subaru claimed the defect was fixed by my model year).

Also the seats were too hard.. but I did get 217,000 miles on it and had fun doing donuts in the snow!
by nbseer
Thu Mar 29, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really have to pay estimated taxes this year?
Replies: 19
Views: 2939

Re: Do I really have to pay estimated taxes this year?

Easy way to pay quarterly estimated taxes is to use Electronic Federal Tax Payment System https://www.eftps.gov/eftps/

You can schedule payments for the entire year, and forget about it.
by nbseer
Wed Mar 28, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 143
Views: 20412

Re: 2018 Forester vs CRV vs RAV4

My dad is leasing a 2017 Forester, is very happy with it.. I think the seats are too hard. I owned a 2003 Forester and probably won't buy another Subaru with the boxer engine, after undergoing 2 head gasket replacements (despite Subaru claiming the known issue was 'fixed' for the 2003s.) My belief i...
by nbseer
Wed Mar 28, 2018 8:23 am
Forum: Personal Investments
Topic: Advice for retirees.. who writes this stuff!?
Replies: 8
Views: 2305

Advice for retirees.. who writes this stuff!?

" Day trading stocks is the perfect retiree activity because it’s just as complicated as you want it to be. You can trade casually, and pick up some minor gains here or there. Or, go in full-bore and make it your new job. After all, investments provide extra money, so have some fun with it." From th...
by nbseer
Tue Mar 27, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 8234

Re: Concerns with Vanguard

Yikes! Got this email today from Vanguard, in part: "You don't have enough money in your money market settlement fund to pay for a recent trade in your Vanguard Brokerage Account " I called Vanguard, a rep said don't worry, I DO have enough money for the trade, system-wide breakdown, they're 'workin...
by nbseer
Sun Mar 11, 2018 9:01 pm
Forum: Personal Investments
Topic: Does this make sense?
Replies: 3
Views: 562

Does this make sense?

Just did this year's tIRA conversion to my Roth IRA. I am retired, taking SS and plan on using my Roth as a tax-free emergency fund in case I need to buy a car, house, etc. So don't want to invest it in stocks, but also would like to get some return. Does it make sense to put this $$ in a short-term...
by nbseer
Sat Mar 10, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: structured vs. unstructured time in retirement
Replies: 18
Views: 2504

Re: structured vs. unstructured time in retirement

I go to the gym every other day... alternating with long bike rides when the weather is good. Other days, lunch with DW, bowling with father, food shopping etc. I guess that could be considered ''structured'. I try to do at least one worthwhile thing every day, but most of all, enjoy not being requi...
by nbseer
Sun Feb 25, 2018 4:55 pm
Forum: Personal Investments
Topic: CDs for Fixed Income
Replies: 15
Views: 1510

Re: CDs for Fixed Income

I moved all of my fixed income in my tIRA to short-term cd's.. nothing longer than 2 years, so when they mature, and assuming interest rates go up, I can buy new CD's at a higher rate. Thinking bond funds will be going down for several years.
by nbseer
Sun Feb 25, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Citi DoubleCash vs. Paypal (Synchrony)
Replies: 28
Views: 7968

Re: Citi DoubleCash vs. Paypal (Synchrony)

Some posters on this thread talk about opening new credit card accounts to get bonuses. That's what I was doing, but be advised it could hurt your credit score. I just changed homeowners insurance, and the insurer notified me that I didn't get their lowest rate because my ''credit history' was not a...
by nbseer
Fri Feb 02, 2018 8:20 pm
Forum: Personal Investments
Topic: Getting out of bond funds?
Replies: 17
Views: 2535

Re: Getting out of bond funds?

OP here: I am retired... last year half of my Vanguard tIRA was in bond funds. Fearing the impact (which we are now seeing) of rising interest rate fears on bond funds, I liquidated and moved to CDs (mostly 1-2 year duration) paying average of 1.5%. I don't need to take risk at this point in my life...
by nbseer
Fri Feb 02, 2018 9:23 am
Forum: Personal Investments
Topic: Getting out of bond funds?
Replies: 17
Views: 2535

Getting out of bond funds?

Interest rates are rising, possibly over the next several years, causing bond funds to lose value. Alan Greenspan is warning of a 'bubble' in bonds, and also stocks. If you are nearing retirement or already in retirement, are you thinking of getting out of bond funds, and if so, where to put that mo...
by nbseer
Sat Jan 20, 2018 1:56 pm
Forum: Personal Investments
Topic: Why hold bond funds in tax advantaged accounts?
Replies: 16
Views: 2585

Re: Why hold bond funds in tax advantaged accounts?

Because of rising interest rates, thus dropping bond fund prices, I moved all of my tIRA bond fund money into short-term CD's which can now be found paying 1.8% for a 12-month CD. VFSUX Vanguard short-term bond fund is down .48 over the past 3 months and will likely continue to drop as interest rate...
by nbseer
Tue Jan 09, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Brokered CDs - often better return secondary market
Replies: 62
Views: 10243

Re: Brokered CDs - often better return secondary market

A Vanguard advisor told me to stick with new issue CDs of short duration.. no longer than 2 years, to take advantage of rising interest rates. I just bought BNY new issue cds for my tIRA, one-year at 1.6%.
by nbseer
Fri Dec 08, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do with your first RMD withdrawal money?
Replies: 71
Views: 7738

Re: What did you do with your first RMD withdrawal money?

Yes the advantage of having a full year's federal tax withheld from the RMD is you don't have to make quarterly tax payments during the year.
by nbseer
Mon Nov 27, 2017 9:37 pm
Forum: Personal Investments
Topic: GE - a good value?
Replies: 118
Views: 13858

Re: GE - a good value?

Years ago when I was still working for a GE subsidiary, I bought a bunch around $30 when Jeff Immelt did the same. I foolishly thought if the CEO was buying his company, it was a bullish sign. WRONG! There are plenty of other more worthy companies out there. As the Who sang "Won't get fooled again!"...
by nbseer
Sun Nov 19, 2017 9:13 am
Forum: Personal Investments
Topic: Bond fund in a ROTH
Replies: 32
Views: 6200

Re: Bond fund in a ROTH

I split my Roth funds between Wellseley fund and money market... use it as a potential emergency fund for things like a car, new roof, to replenish my normal living expenses. It's nice to be able to have access to cash tax-free whenever I need it. Already in retirement, took SS at 65, doing Roth con...
by nbseer
Sun Oct 29, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: Bernstein's bond choice for cowards and ST IG
Replies: 28
Views: 4869

Re: Bernstein's bond choice for cowards and ST IG

I had all of my fixed income in VFSUX, but due to fears of interest rate increases and price drop, put it all in 1-year CD's paying 1.5%. I know that's less than VFSUX current yield, but didn't want to see that price go down. Plan on buying new CD's hopefully at a higher rate a year from now.. does ...
by nbseer
Mon Oct 23, 2017 9:15 am
Forum: Personal Consumer Issues
Topic: Favorite HIIT Workouts
Replies: 24
Views: 2719

Re: Favorite HIIT Workouts

Stationary bike, random hill program. Pedal like crazy going up, take it easy in between, 20 minutes is all it takes. Intersperse with 120 pushups, dumbbell curls, presses, lat pulldowns, etc.. every other day, you will be in great shape!
by nbseer
Thu Oct 19, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: For those near retirement and rebalanced to Bonds...
Replies: 34
Views: 5038

Re: For those near retirement and rebalanced to Bonds...

Been retired 3 years, taking SS, DW getting spousal benefit. Have gone almost 100% to 1-2 year CDs, but mostly because I was lucky to ride the bull market in the 1990s.. will also be getting a pension in a few years, and have enough in my tIRA that my main concern in a few years will be the 'tax tor...
by nbseer
Sat Oct 07, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 9905

Re: Do you want your receipt?

Since I use my Citi cashback card for just about every purchase, I always get a receipt and keep it until I go online and make sure the proper amount has been charged. Seems like the receipt is the only proof you have if a charge is wrong. Just a habit of mine!
by nbseer
Mon Oct 02, 2017 8:24 am
Forum: Personal Investments
Topic: Total Bond Index IRA vs CD IRA
Replies: 9
Views: 1361

Re: Total Bond Index IRA vs CD IRA

I've shifted all of my IRA bond funds into mostly short-term one-year CDs that pay 1.5%. That's a bit less than the short-term Vanguard bond fund I was in, but I figure a year from now interest rates will be higher than they are now resulting in a loss of capital in the bond fund. When the one-year ...
by nbseer
Sat Aug 26, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: Desperate to get rid of mosquitoes, what else could we try?
Replies: 62
Views: 7012

Re: Desperate to get rid of mosquitoes, what else could we try?

If you have ground cover, ivy, etc. growing alongside the foundation of your house rip it out. We had terrible mosquitoes, situation got better after I removed all the stuff growing low to the ground along the house.. mosquitoes breed and live in that stuff.
by nbseer
Wed Aug 23, 2017 5:37 pm
Forum: Investing - Theory, News & General
Topic: Mike Piper and CDs
Replies: 54
Views: 8304

Re: Mike Piper and CDs

Retired.. have enough... want to preserve principal and don't need more appreciation in my tIRA and Roth.

75% CDs.. mostly short-term held in Vanguard...
25% VFSUX (Vanguard short-term investment grade bond fund Admiral) can be made available for re-balancing in case of stock market decline.
by nbseer
Tue Aug 22, 2017 8:43 pm
Forum: Personal Investments
Topic: What do you do with RMD money you don't need?
Replies: 51
Views: 6956

What do you do with RMD money you don't need?

If you're fortunate enough to have more $$ than you need to live on from RMDs/Social Security and possibly a pension, what do you do with the excess money from your RMDs? Do you spend it on the things you always lusted after, re-invest it (stocks or bonds/cds?), make donations to charity, or give it...
by nbseer
Sat Jul 15, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: depleting accounts in retirement
Replies: 43
Views: 8141

Re: depleting accounts in retirement

I've been using Roth money as an emergency fund... new garage door, emergency car repair, etc. I converted at the 15% tax rate, and if I took more out of my tIRA, that would increase my taxes.. don't want to do that.