Search found 532 matches

by PatrickA5
Wed Jul 22, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa signature card
Replies: 29
Views: 3384

Re: Fidelity Rewards Visa signature card

Does the balance show up as an account with the rest of the accounts on the Fidelity home page? Or, do you have to click on the credit card and go over to Elan to see balances and activity?
by PatrickA5
Tue Jul 14, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: FSA - Mid Year Open Enrollment & Retroactive 2020 Medical Bills
Replies: 3
Views: 235

Re: FSA - Mid Year Open Enrollment & Retroactive 2020 Medical Bills

Probably. It depends on if your employer is actually allowing changes.
by PatrickA5
Thu Jun 25, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Uninsured motorist coverage on umbrella
Replies: 25
Views: 2785

Re: Uninsured motorist coverage on umbrella

So how likely is it that the insurance company will actually agree to pay long term care - without a legal fight? Even though having UM SHOULD pay things like medical bills, pain and suffering, lost wages, LTC, etc - will they actually do it? My guess is you'll have a fight on your hands - meaning y...
by PatrickA5
Sat Jun 20, 2020 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10206

Re: Disappointed in Fidelity 2% Cash Back credit card

The CMA account, besides being free itself, also offers a free perpetual supply of checks, an ATM card with unlimited fee reimbursement worldwide, and access to use the account for totally free wire transfers. It's a ridiculously good deal... Thanks for the info. It does sound like a good deal. I f...
by PatrickA5
Sat Jun 20, 2020 10:21 am
Forum: Investing - Theory, News & General
Topic: Should Vanguard offer a CMA/Service ?
Replies: 55
Views: 3529

Re: Should Vanguard offer a CMA/Service ?

Moved everything from VG to Fidelity last year after VG closed their CMA. Have been very happy with Fidelity's CMA so far, but with the rates cratering had to move most of my MM funds to Ally to earn decent interest. We also have a small amount in a local bank checking account just in case we need t...
by PatrickA5
Thu Jun 18, 2020 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10206

Re: Disappointed in Fidelity 2% Cash Back credit card

For those of you that have the Fidelity (Elan) card, can you see all of your transactions on your Fidelity account? Or, do you have to sign on to an Elan account to view transactions? I have almost everything at Fidelity and think doing most of my spending on a 2% card linked to my Fidelity account ...
by PatrickA5
Sun Jun 14, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: College costs not covered by 529
Replies: 54
Views: 5473

Re: College costs not covered by 529

Regarding the published cost of attendance - my son's college publishes the COA for Spring/Fall semesters as an "annual" cost of attendance. We pay way more than the published room and board, but limit the actual reimbursement to the COA figure. My problem is that he also attends Summer school on at...
by PatrickA5
Thu Jun 11, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Transfer title of auto to son -- necessary?
Replies: 40
Views: 2465

Re: Transfer title of auto to son -- necessary?

Just did this with my son. Transferred the title to his name and got him off of my insurance. He's 22 and a senior in college. He's the last kid off the insurance, so my Umbrella premium should go down substantially. What was surprising was the premium for him for his own insurance was less than I w...
by PatrickA5
Mon Jun 08, 2020 9:49 am
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 123
Views: 9560

Re: Vanguard vs. Fidelity

I would be curious to learn more about what the reasons were for people leaving Vanguard for Fido other than for CMA features. In other words, for someone focusing on simple three fund/ETF approach, what about your experience was deemed better at Fido compared to Vanguard? I would think this need w...
by PatrickA5
Mon Jun 08, 2020 9:33 am
Forum: Personal Investments
Topic: Deferred Fixed Annuity vs Individual Bonds
Replies: 8
Views: 707

Re: Deferred Fixed Annuity vs Individual Bonds

Bought a couple of MYGA's from Mass Mutual (through Fidelity) recently. The process was a simple phone call. Took a couple of days to show up on Fidelity's site. I'm not sure if it counts as Private Client money since the money is actually at Mass Mutual. I also set up online access on Mass Mutual's...
by PatrickA5
Thu Jun 04, 2020 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for after death of a parent
Replies: 32
Views: 3606

Re: Planning for after death of a parent

thanks again for all the pointers.. I called Vanguard and sounds like the best option is to remove myself as the joint account holder...so will have to create a new individual account for my mother and then transfer all the assets into that account (transfer in kind without any buying or selling). ...
by PatrickA5
Wed Jun 03, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: What is your homeowner's insurance deductible? Any recommended endorsements/riders?
Replies: 19
Views: 1500

Re: What is your homeowner's insurance deductible? Any recommended endorsements/riders?

My deductible for Homeowners is 1% of house coverage(2,870 ded) and auto is 1000 ded on comp and collision. I pay 260 per 6 months on a 2019 Highlander and 520 per year on my home. I don't ask how well they pay claims because I never have any of those. Those are some great rates! Mind telling us wh...
by PatrickA5
Wed Jun 03, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: What is your homeowner's insurance deductible? Any recommended endorsements/riders?
Replies: 19
Views: 1500

Re: What is your homeowner's insurance deductible? Any recommended endorsements/riders?

Our homeowners is 1% ($4,100). I think the lowest we can get from State Farm is 1/2%. Our cars are $1,000.
by PatrickA5
Fri May 29, 2020 3:03 pm
Forum: Personal Consumer Issues
Topic: Auto Insurance Adult Child/gap/Is this legit?
Replies: 11
Views: 946

Re: Auto Insurance Adult Child/gap/Is this legit?

I have State Farm for my son and am in the process of moving him over to his own policy and transferring title to the car to him. For the good student discount, State Farm requires me to send in grades once a year. They automatically take the discount off if I don't. That is who I had. Right from t...
by PatrickA5
Fri May 29, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

I REALLY like this lady at the independent agency. She spent a couple of hours on the phone with me yesterday going over my current policy and options she has. Unfortunately, it doesn't look like she can offer anything better. Like I said upthread, I've only talked to my actual State Farm agent once...
by PatrickA5
Fri May 29, 2020 1:10 pm
Forum: Personal Consumer Issues
Topic: Auto Insurance Adult Child/gap/Is this legit?
Replies: 11
Views: 946

Re: Auto Insurance Adult Child/gap/Is this legit?

I have State Farm for my son and am in the process of moving him over to his own policy and transferring title to the car to him. For the good student discount, State Farm requires me to send in grades once a year. They automatically take the discount off if I don't.
by PatrickA5
Fri May 29, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

Sounds like you may not be doing and apples to apples comparison for rates. If SF gives you considerably more coverage then you need to look at the cost of getting the same from other companies. If they will not sell such coverage, then would SF cut back to be comparable to what others are proposin...
by PatrickA5
Fri May 29, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

One interesting item came up in my search for new insurance concerning roof replacement. According to the independent insurance agent I'm working with, all of the companies that she represents will have some kind of depreciation factor if they write a policy after a roof is over a certain number of ...
by PatrickA5
Thu May 28, 2020 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

Got quotes back from the independent agent. Her best quote was from Progressive and was in line with what I got yesterday when I called Progressive myself. We would save $1,100 (per year) on our autos for same coverage. They also came up with a much better homeowners quote than I got by calling them...
by PatrickA5
Thu May 28, 2020 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

Liberty Mutual came in lower than SF for me today but wouldn’t let me adjust and fine tune the home policy online. I read a thread on here that LM is Bad about introductory rates and raises so I’m trying to decide if I want to pursue it anymore. I hear you. It's hard going with an unknown. In my ca...
by PatrickA5
Thu May 28, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

Made contact with an independent agent with high ratings. We'll see what they come up with. It looks like they have about a dozen insurance companies they deal with. If I could just find homeowners insurance that was even close to State Farm, I would probably take up either Geico or Progressive on t...
by PatrickA5
Wed May 27, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

Well, Geico's homeowners quote (Travelers) was even worse than Progressives. For same coverage, Travelers was $4,300 compared to the $1,933 I'm paying at State Farm. Yuck! Seems Geico and Progressive are for people with cars - but not houses. I will have my 21 year old son get a quote on his car I j...
by PatrickA5
Wed May 27, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

Well, Geico was nice to me as well. $923 per year for 2 cars, compared to $2,142 at State Farm for a whopping $1,219 savings per year. BUT, Geico won't quote Homeowners until you PURCHASE the auto insurance. Not going to do that. Anybody know a different route? Double check that 923/yr rate. At lea...
by PatrickA5
Wed May 27, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

Well, I did my first quote with Flo at Progressive. I started online, but called to finish the quote. The online quotes and telephone quotes were wildly different. Flo couldn't tell me why. Full coverage for 2 newer cars (250/500/250) for a full year: Progressive $1,222, State Farm $2,142. WIN! Hom...
by PatrickA5
Wed May 27, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

Well, I did my first quote with Flo at Progressive. I started online, but called to finish the quote. The online quotes and telephone quotes were wildly different. Flo couldn't tell me why. Full coverage for 2 newer cars (250/500/250) for a full year: Progressive $1,222, State Farm $2,142. WIN! Hom...
by PatrickA5
Wed May 27, 2020 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

Well, I did my first quote with Flo at Progressive. I started online, but called to finish the quote. The online quotes and telephone quotes were wildly different. Flo couldn't tell me why. Full coverage for 2 newer cars (250/500/250) for a full year: Progressive $1,222, State Farm $2,142. WIN! Hom...
by PatrickA5
Wed May 27, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

Well, I did my first quote with Flo at Progressive. I started online, but called to finish the quote. The online quotes and telephone quotes were wildly different. Flo couldn't tell me why. Full coverage for 2 newer cars (250/500/250) for a full year: Progressive $1,222, State Farm $2,142. WIN! Home...
by PatrickA5
Wed May 27, 2020 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

My two car insurance premiums (State Farm) have been going down the last few years - primarily on the Liability part. Collision and Comprehensive have been pretty steady. My Homeowners insurance has increased 5%, 8%, and 7% for the last 3 years. I've got just about every discount you can get at Stat...
by PatrickA5
Tue May 26, 2020 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Re: Switching Insurance

I am in that process at the moment. I have until June 30 to decide. I made copies of my present coverage less the $$ amounts as hand outs. I had been a SF customer ever since I can remember, but about 9 years ago, SF more than doubled my Home insurance. I shopped around and chose another company th...
by PatrickA5
Tue May 26, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 40
Views: 2094

Switching Insurance

We've been with State Farm for decades. Now that the last kids is off the payroll, we're down to 2 cars, a home and umbrella policy. So, I think it's time to do a little shopping. I've read a lot of the threads on this subject, but have a few questions. Questions: Has anyone had success with coming ...
by PatrickA5
Sat May 23, 2020 9:39 am
Forum: Personal Investments
Topic: Superfund 529 plan right now?
Replies: 11
Views: 1200

Re: Superfund 529 plan right now?

Hello! I am in the fortunate position to have $100K to invest. What state are you in? If your state offers a tax break, contributing annually may take better advantage of said tax break. Regards, My state allowed dumping a big amount and deducting it over the next 5 years. Our deduction was limited...
by PatrickA5
Fri May 22, 2020 10:06 am
Forum: Personal Investments
Topic: Annuity?
Replies: 38
Views: 2649

Re: Annuity?

Happy to learn something new, just wanted to add for Fidelity below are the best options Issuer/Product Guarantee/Surrender Period Base Rate3 Jumbo Rate MassMutual Stable VoyageSM 3/3 YR 1.75% 2.00% New York Life Secure Term MVA Fixed IV 3/3 YR 1.55% 1.80% Principal Select Series 3/3 YR 1.45% 1.65%...
by PatrickA5
Fri May 22, 2020 10:03 am
Forum: Personal Investments
Topic: Annuity?
Replies: 38
Views: 2649

Re: Annuity?

Just bought a 2%, 3yr MYGA from Mass Mutual in our IRA's. Little downside if you know you won't need the money for the period. It is basically just like a CD, but surrender charges are a lot worse than early withdrawal penalties. In my case 7% of the balance withdrawn. You're allowed 10% withdrawal...
by PatrickA5
Fri May 22, 2020 9:16 am
Forum: Personal Investments
Topic: Annuity?
Replies: 38
Views: 2649

Re: Annuity?

Just bought a 2%, 3yr MYGA from Mass Mutual in our IRA's. Little downside if you know you won't need the money for the period. It is basically just like a CD, but surrender charges are a lot worse than early withdrawal penalties. In my case 7% of the balance withdrawn. You're allowed 10% withdrawals...
by PatrickA5
Tue May 19, 2020 11:36 am
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 59
Views: 4305

Re: Open Social Security strategy results question

When I run Open Social Security, I get me filing at 64 and DW (higher earner) at 70. Changing the death dates or discount rate just a little results in me filing at 62 - which is what it said in previous years. I also bought Maximize My Social Security ($40) and was surprised to see it suggested me ...
by PatrickA5
Sat May 16, 2020 10:28 am
Forum: Personal Investments
Topic: What NOW!! [Portfolio help]
Replies: 38
Views: 2352

Re: What NOW!! [Portfolio help]

Thank all of you for your guidance and comments. At this point setting up appointment with Vanguard advisor, sitting on sidelines waiting for election season to be over. I fear that the worst is yet to come and my comfort level is low. Probably a smart move. You don't even need to be in the market ...
by PatrickA5
Tue May 12, 2020 3:10 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 78
Views: 6081

Re: Fido Deferred Fixed Annuity

Called FIDO today and of course the rate is down to 2% for Mass Mutual 3yr Jumbo. I asked the guy if he could order one up on the phone and lock in that rate before it goes any lower and he said I'd have to go through my local guy. Ugh. So, I set up an appointment phone call for Thursday. I guess th...
by PatrickA5
Mon May 11, 2020 4:23 pm
Forum: Personal Investments
Topic: Ally Bank 1.25% savings .50 Moneymarket
Replies: 28
Views: 4268

Re: Ally Bank 1.25% savings .50 Moneymarket

That was quick! Just sent them my money last week (from Fidelity). I put most of it in the no penalty CD, so I'll get that 1.5% for at least 11 months. Still, better than the MM fund at Fidelity that was down to .4%. I wouldn't be surprised if even Ally's CD's end up under 1% eventually.
by PatrickA5
Sat May 09, 2020 5:19 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 78
Views: 6081

Re: Fido Deferred Fixed Annuity

Patrick The annuity now appears in my Fidelity account as a fixed annuity with Mass Mutual. It has a separate IRA # within my Fido account along with my previous IRA and Roth. So I monitor it within my Fido account. When it matures in 3 years I can roll it back to my Fido IRA with one phone call. M...
by PatrickA5
Sat May 09, 2020 10:13 am
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 78
Views: 6081

Re: Fido Deferred Fixed Annuity

Decided to buy the Jumbo from Mass Mutual. Question: Did you buy this within your Fidelity IRA? If yes, is it still considered a part of your Fidelity IRA, or was the money rolled over to Mass Mutual and you now have a Mass Mutual IRA with the MYGA as an investment? Not sure it matters, but I'm try...
by PatrickA5
Fri May 08, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: MYGA VS CD's
Replies: 8
Views: 812

Re: MYGA VS CD's

I've been thinking about it. Mass Mutual and New York Life each have jumbo ones at 2.1% for 3 years. If you for sure don't need the money for 3 years, then I don't see much downside.
by PatrickA5
Fri May 08, 2020 2:15 pm
Forum: Personal Consumer Issues
Topic: Should you tip landscapers?
Replies: 51
Views: 4063

Re: Should you tip landscapers?

I tip the yard guys every once in a while if it's a special project and involved a lot of hard work. I usually give gift cards. They remember it and I "think" my yard gets special treatment due to this. Besides, I want my yard guy to "be available" when I need special projects done and I think tippi...
by PatrickA5
Fri May 08, 2020 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1629
Views: 231092

Re: Fidelity as a one stop shop

Loved my Fidelity as a one-stop-shop back when it's MM was paying nicely. So, now I'm back to a two-stop-shop as I've moved all of my taxable money back to Ally. Bummer. Still looking for something with a higher yield for my retirement accounts, but with lowish risk. Anybody want to recommend a good...
by PatrickA5
Thu May 07, 2020 10:00 am
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 78
Views: 6081

Re: Fido Deferred Fixed Annuity

Thanks. I've been reading up on them. Might make some sense as an alternative to brokered CDs in my IRA. As someone above stated, need to decide if this is better than just buying a shorter term bond fund.
by PatrickA5
Thu May 07, 2020 9:31 am
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 78
Views: 6081

Re: Fido Deferred Fixed Annuity

So, if you withdraw in year one, will you owe 7% or 21% as a surrender charge?
by PatrickA5
Wed May 06, 2020 12:41 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 78
Views: 6081

Re: Fido Deferred Fixed Annuity

Are there any fees in buying these, or are they included in the rate you're getting? I noticed most of them have a 7% surrender fee per year. So, if I wanted to cash the whole thing in the first year, would I owe 7% surrender fee or 21% (3 x 7%). Any other gotchas?
by PatrickA5
Tue May 05, 2020 11:27 am
Forum: Personal Investments
Topic: Why ally bank
Replies: 98
Views: 15459

Re: Why ally bank

Early 2019 we moved everything over to Fidelity as part of the one-stop-shop. At the time, Fidelity MM rate was similar to my Ally accounts. My how times change! Just moved all of our taxable money back to Ally as we can get over 1% more interest than Fidelity MM. What a pain, but worth it. Too bad ...
by PatrickA5
Thu Apr 30, 2020 9:52 am
Forum: Personal Investments
Topic: Fidelity Bonds vs MM
Replies: 6
Views: 476

Re: Fidelity Bonds vs MM

FXNAX, the US Bond index fund should be fine for that purpose if your investment horizon is at least 6 years. What are you selling to buy this investment? Are you decreasing your equity allocation, or moving cash to bonds? You will want this change to be part of your overall investment plan. Moving...
by PatrickA5
Thu Apr 30, 2020 9:38 am
Forum: Personal Investments
Topic: Fidelity Bonds vs MM
Replies: 6
Views: 476

Re: Fidelity Bonds vs MM

I'd be happy with a 1% - 2% yield right now. I'm in my early 60's (retired) and at this point want to keep things fairly safe until this pandemic recession gets sorted out.
by PatrickA5
Thu Apr 30, 2020 9:27 am
Forum: Personal Investments
Topic: Fidelity Bonds vs MM
Replies: 6
Views: 476

Fidelity Bonds vs MM

Well, my FZDXX (Money Market Premium) is down to a .44% yield. Yuck. I've already moved my taxable money over to Ally to their 1.5% no penalty CD, But, I want to leave our retirement accounts at Fidelity. What Fidelity bond funds would generate a higher yield yet be fairly conservative? I'm willing ...