Search found 3033 matches

by indexfundfan
Sat Sep 19, 2020 7:09 pm
Forum: Personal Investments
Topic: Need direction_understanding MYGA(multi-year guaranteed annuity
Replies: 7
Views: 374

Re: Need direction_understanding MYGA(multi-year guaranteed annuity

Can they be owned inside a trust? So if the state guarantee were say $250k, could a husband and wife each have one in their name and have $500k protection? Are there any sales commissions that (typically) come out of it? Any tactics or companies to watch out for? Anyone have any bad experiences wit...
by indexfundfan
Sat Sep 19, 2020 6:53 pm
Forum: Personal Investments
Topic: Need direction_understanding MYGA(multi-year guaranteed annuity
Replies: 7
Views: 374

Re: Need direction_understanding MYGA(multi-year guaranteed annuity

I have moved money from matured CDs to MYGAs. I purchased MYGAs mostly through Blueprint Income https://www.blueprintincome.com/fixed-annuities MYGAs are CD-like products. And if you hold them to maturity, you will get the advertised rate (APY), just like a CD. The major differences with CDs are 1. ...
by indexfundfan
Fri Sep 18, 2020 9:16 am
Forum: Personal Investments
Topic: MYGA vs CD - what would you choose?
Replies: 10
Views: 1286

Re: MYGA vs CD - what would you choose?

I have bought a few MYGAs in the past few months, 3-yr, 4-yr, 5-yr, mostly rated A- and A by AM Best. But I also bought a B++ rated 3-yr MYGA from Gainbridge. Gainbridge is interesting because everything is in electronic form, and the highest withdrawal penalty is "only" 3% (plus market value adjust...
by indexfundfan
Thu Sep 17, 2020 7:39 pm
Forum: Personal Consumer Issues
Topic: Electrical help/suggestions
Replies: 22
Views: 1265

Re: Electrical help/suggestions

My power inlet is connected to a 30A breaker in a subpanel where I installed an interlock kit. The interlock kit prevents power feeding from both the power inlet and the main panel at the same time.

https://www.geninterlock.com/

The county inspector approved it.
by indexfundfan
Thu Sep 03, 2020 6:57 pm
Forum: Personal Consumer Issues
Topic: Pre-emergent herbicides
Replies: 4
Views: 717

Re: Pre-emergent herbicides

Voltaire2.0 wrote: Thu Sep 03, 2020 6:33 pm What are you trying to accomplish? Prevent crabgrass or prevent everything/anything from growing?

I use Casaron to prevent weed and grass growth. It can be used safely near shrubs and trees.
Mostly to prevent weeds, including spurge and poa annua.
by indexfundfan
Thu Sep 03, 2020 2:12 pm
Forum: Personal Investments
Topic: MYGAs When Nearing Retirement
Replies: 46
Views: 4610

Re: MYGAs When Nearing Retirement

Here's the recent 5-yr MYGA rates compared to the 5-yr Treasury, as compiled by Blueprint Income.

https://public-static-content.blueprint ... 012020.pdf

Image
by indexfundfan
Thu Sep 03, 2020 10:42 am
Forum: Personal Consumer Issues
Topic: Pre-emergent herbicides
Replies: 4
Views: 717

Pre-emergent herbicides

I had been using Prodiamine WDG in the past, but feel that mixing it up and spraying is taking a lot more time than using a spreader. I am thinking of switching to using granules. The following are available in the local HD/Lowes Lesco Pre-emergent 0-0-7 https://www.homedepot.com/p/LESCO-50-lb-Crabg...
by indexfundfan
Wed Sep 02, 2020 1:59 pm
Forum: Personal Investments
Topic: [Scam] "High Yield" CD's from Asia Pacific Group
Replies: 26
Views: 1174

Re: "High Yield" CD's from Asia Pacific Group

And the name servers are in Russia!

NS1.REG.RU
NS2.REG.RU

I'm 99% sure this is a scam.
by indexfundfan
Wed Sep 02, 2020 1:57 pm
Forum: Personal Investments
Topic: [Scam] "High Yield" CD's from Asia Pacific Group
Replies: 26
Views: 1174

Re: "High Yield" CD's from Asia Pacific Group

If you look at the website icon, it shows a "Wordpress" W logo, hinting at a possible scam site clobbered together with Wordpress. I would have expected a reputable financial website to have better IT.

By the way, [link removed by admin LadyGeek] was registered on 8/19/2020.
by indexfundfan
Wed Sep 02, 2020 1:53 pm
Forum: Personal Investments
Topic: [Scam] "High Yield" CD's from Asia Pacific Group
Replies: 26
Views: 1174

Re: "High Yield" CD's from Asia Pacific Group

Asia Pacific National (APN) Bank is in the FDIC directory while Asia Pacific Group (APG) is not. The APG website mentions APN, but I can't find any authoritative information that says APG is part of APN. I would be skeptical with this APG offering without further proof. Where do you see Asia Pacifi...
by indexfundfan
Wed Sep 02, 2020 1:44 pm
Forum: Personal Investments
Topic: [Scam] "High Yield" CD's from Asia Pacific Group
Replies: 26
Views: 1174

Re: "High Yield" CD's from Asia Pacific Group

Asia Pacific National (APNB) Bank is in the FDIC directory while Asia Pacific Group (APN) is not.

I can't find any authoritative information that says APN is part of APNB.

I would be skeptical with this APN offering without further proof.
by indexfundfan
Sat Aug 29, 2020 3:03 pm
Forum: Personal Investments
Topic: Fidelity 401k to Vanguard 401k direct rollover not possible?
Replies: 19
Views: 1128

Re: Fidelity 401k to Vanguard 401k direct rollover not possible?

Yes, I recently went through this after leaving an employer with a Fidelity 401k. If the funds had been available in an IRA (i.e. not special institutional funds only available in the 401k) they could have been transferred 'in kind', in my case the fund was not available, but by rolling it into a F...
by indexfundfan
Sat Aug 29, 2020 11:08 am
Forum: Personal Investments
Topic: Fidelity 401k to Vanguard 401k direct rollover not possible?
Replies: 19
Views: 1128

Re: Fidelity 401k to Vanguard 401k direct rollover not possible?

I believe I have read that it is possible to do an in-kind rollover from a Fidelity 401(k) to a Fidelity IRA. I know Schwab allows this because I have done it myself. Once the assets are in the IRA, you can transfer them in-kind to a brokerage that you desire. Yes, I recently went through this afte...
by indexfundfan
Sat Aug 29, 2020 10:45 am
Forum: Personal Investments
Topic: Fidelity 401k to Vanguard 401k direct rollover not possible?
Replies: 19
Views: 1128

Re: Fidelity 401k to Vanguard 401k direct rollover not possible?

I believe I have read that it is possible to do an in-kind rollover from a Fidelity 401(k) to a Fidelity IRA. I know Schwab allows this because I have done it myself.

Once the assets are in the IRA, you can transfer them in-kind to a brokerage that you desire.
by indexfundfan
Tue Aug 25, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Offering 1.1% No-Penalty CD to AARP Members
Replies: 50
Views: 4998

Re: Marcus Offering 1.1% No-Penalty CD to AARP Members

MikeG62 wrote: Tue Aug 25, 2020 4:45 pmI just got off the phone with a CSR at Marcus who indeed confirmed that the 10-day rate guarantee applies to both their high yield as well as no penalty CD's. Also, those three CD's still show the rate at 1.10%.
Good deal. :beer
by indexfundfan
Tue Aug 25, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Offering 1.1% No-Penalty CD to AARP Members
Replies: 50
Views: 4998

Re: Marcus Offering 1.1% No-Penalty CD to AARP Members

The rate on the AARP 8-month CD is now 0.85%. :( Thanks for the update. Figured it was too good to last too much longer. Good thing I opened three of them on Sunday (will fund at month end with proceeds from maturing CD). I'm not sure if the 10-day rate guarantee also applies to NP CDs. Compare the...
by indexfundfan
Sun Aug 23, 2020 2:42 pm
Forum: Personal Investments
Topic: CDs coming due. Where to reinvest proceeds?
Replies: 62
Views: 6110

Re: CDs coming due. Where to reinvest proceeds?

You know, one of the things about another insurance based fixed income instrument, the stable value fund, is for the payout to lag changes in bond rates. Bond rates have continued to go down, and it might be these sorts of products offer higher rates now because they are in some sort of lag. I don'...
by indexfundfan
Sun Aug 23, 2020 2:25 pm
Forum: Personal Investments
Topic: CDs coming due. Where to reinvest proceeds?
Replies: 62
Views: 6110

Re: CDs coming due. Where to reinvest proceeds?

It would be interesting to see a historical chart of how MYGA interest has behaved. This may be a point in time where this sort of instrument has a unique advantage for placing some fixed income. One should carefully study the advantages and disadvantages. This link gives you some historical MYGA r...
by indexfundfan
Sun Aug 23, 2020 12:28 pm
Forum: Personal Investments
Topic: MYGAs When Nearing Retirement
Replies: 46
Views: 4610

Re: MYGAs When Nearing Retirement

cableguy wrote: Sun Aug 23, 2020 12:21 pm Can you buy MYGA on Fidelity?
Fido only offers AM Best A+ or A++ insurers I believe. It is only a subset of what you can find at Blueprint Income.

See related thread

viewtopic.php?f=1&t=313935
by indexfundfan
Sun Aug 23, 2020 10:51 am
Forum: Personal Investments
Topic: CD being called.. bummer!
Replies: 25
Views: 2779

Re: CD being called.. bummer!

I didn’t know that there was such a thing as a “callable CD”. Is a call provision common in CDs? If so, it sounds like a “heads I win, tails you lose” proposition for the bank. That’s why I keep coming to this Forum. I learn something new most every day. Callable CDs are not unusual for brokerage s...
by indexfundfan
Sun Aug 23, 2020 10:46 am
Forum: Personal Investments
Topic: CDs coming due. Where to reinvest proceeds?
Replies: 62
Views: 6110

Re: CDs coming due. Where to reinvest proceeds?

I know some people here hate premier notes but Dukes Energy notes are paying 1.40% for balances above $50k. You can take out your money at any time. Write checks against the balance (Checks must be $250 or above). https://www.duke-energy.com/our-company/investors/individual-investors/premiernotes-i...
by indexfundfan
Fri Aug 21, 2020 9:43 am
Forum: Personal Investments
Topic: CDs coming due. Where to reinvest proceeds?
Replies: 62
Views: 6110

Re: CDs coming due. Where to reinvest proceeds?

I have stuffed recently available cash into 3-yr, 4-yr and 5-yr MYGAs, all rated at least AM Best A- and paying at least 3%.
by indexfundfan
Fri Aug 21, 2020 6:37 am
Forum: Investing - Theory, News & General
Topic: Federal Reserve scraps transfer count limits on savings accounts
Replies: 55
Views: 5398

Re: Federal Reserve scraps transfer count limits on savings accounts

Wonder why banks (particularly online banks) have not responded by suspending the six transaction limit? I know Ally did (back in April), but no word from others like Marcus. I think you got it mixed up. Marcus removed the limits but not Ally. Ally only suspended the over-the-limit fee for a few mo...
by indexfundfan
Thu Aug 20, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 828
Views: 108198

Re: Best CD rates thread

Has anybody ever been charged a transfer out fee by Schwab, when transferring cash from an IRA account to a bank or credit union for a CD? My transfer was taking so long, I finally resorted to calling on the phone about it. In a call back I was told it would go out that day, but then also that they...
by indexfundfan
Thu Aug 20, 2020 7:43 am
Forum: Personal Investments
Topic: MYGAs When Nearing Retirement
Replies: 46
Views: 4610

Re: MYGAs When Nearing Retirement

Most of the MYGAs offered through Blueprint or any other broker have surrender fees in the range of 10% or 9% in the first year. I just noticed Guggenheim Life has a direct online sales portal through https://www.gainbridge.life/ The surrender fees are "only" 3% in the first year. The negative is t...
by indexfundfan
Wed Aug 19, 2020 5:57 pm
Forum: Personal Investments
Topic: MYGAs When Nearing Retirement
Replies: 46
Views: 4610

Re: MYGAs When Nearing Retirement

Most of the MYGAs offered through Blueprint or any other broker have surrender fees in the range of 10% or 9% in the first year. I just noticed Guggenheim Life has a direct online sales portal through https://www.gainbridge.life/ The surrender fees are "only" 3% in the first year. The negative is th...
by indexfundfan
Wed Aug 19, 2020 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 828
Views: 108198

Re: Best CD rates thread

Open a Alliant checking account. I'm happy with Alliant in every other respect, so this is probably the best solution for me. I have an open checking account there, and I'll just need to make sure any external links are set up with checking and not the savings account. It's easy enough and quick to...
by indexfundfan
Tue Aug 18, 2020 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 828
Views: 108198

Re: Best CD rates thread

Open a Alliant checking account. Do a one time internal transfer from savings to checking. There are no transaction limitations on the checking account. You do get only the lower interest from the checking account for the few days.
by indexfundfan
Tue Aug 18, 2020 6:27 pm
Forum: Personal Consumer Issues
Topic: A primer on backup battery systems for power outages
Replies: 150
Views: 8316

Re: A primer on backup battery systems for power outages

If you have power tools like Ego or Ryobi, they make small inverters for you to utilize the power of the batteries. I find it very convenient since I have a couple of batteries lying around.
by indexfundfan
Mon Aug 17, 2020 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank Horror Story: Is this right?
Replies: 107
Views: 7993

Re: Ally Bank Horror Story: Is this right?

If this is as described, then Ally's bill pay system is a lousy one. The better bill pay systems only deduct your money when the check is cashed. And you also get to see the image of the cancelled check. Ally does not do this. Ally deducts the money when they send the check. Caveat emptor! Does any...
by indexfundfan
Mon Aug 17, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank Horror Story: Is this right?
Replies: 107
Views: 7993

Re: Ally Bank Horror Story: Is this right?

If this is as described, then Ally's bill pay system is a lousy one. The better bill pay systems only deduct your money when the check is cashed. And you also get to see the image of the cancelled check.
by indexfundfan
Sun Aug 16, 2020 6:18 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 6929

Re: Fido Deferred Fixed Annuity

Does Blueprint essentially function like a “brokerage” for MYGAs? It asks to set up an account, and presumably one can then ACH funds into it to buy MYGAs from different insurance companies? This appears similar to buying t-bills in Vanguard and the tax handling is also similar (i.e. only taxable e...
by indexfundfan
Sun Aug 16, 2020 11:12 am
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 6929

Re: Fido Deferred Fixed Annuity

I want to thank everyone for the information about MYGA, which I would have never learned about if not for this forum. I appreciate learning the pros and cons from discussions in these threads. Thank you in advance for the wisdom on questions below. I am looking for something to replace a bunch of ...
by indexfundfan
Sun Aug 16, 2020 6:36 am
Forum: Personal Investments
Topic: MYGAs When Nearing Retirement
Replies: 46
Views: 4610

Re: MYGAs When Nearing Retirement

I need to do more research on the topic but we are currently looking at companies with a minimum rating of A- or better in part based on the guidance of Stinky and others in the industry. I am not currently comfortable with an A- rating for a SPIA. I need to do more research on the topic and I woul...
by indexfundfan
Sat Aug 15, 2020 10:18 pm
Forum: Personal Investments
Topic: MYGAs When Nearing Retirement
Replies: 46
Views: 4610

Re: MYGAs When Nearing Retirement

We are currently debating whether to start our fixed income ladder now with 8-10 year MYGAs (which would cover ages 60-62). Our dilemma is that rates are historically low. However, while MYGA rates are not great in historical terms, as you indicate, they are certainly good compared to other fixed i...
by indexfundfan
Sat Aug 15, 2020 10:08 pm
Forum: Personal Investments
Topic: Terrible experience with Ally bank- buyer beware
Replies: 144
Views: 9165

Re: Terrible experience with Ally bank- buyer beware

I'm sorry to hear about the Ally wire experience. Thanks for sharing this unfortunate tale. FWIW, I've only wired money once, from a Fidelity CMA. It went through in a very timely manner. I too have used the free wire from Fidelity a few times. After I submitted the requests online, they were proces...
by indexfundfan
Sat Aug 15, 2020 10:05 pm
Forum: Personal Investments
Topic: MYGAs When Nearing Retirement
Replies: 46
Views: 4610

Re: MYGAs When Nearing Retirement

Given you are possibly going longer term, what minimum rating are you going requiring? For our longer term plan, beyond 60, we are building a TIPS ladder in my 401K that bridges to SS (at 70) and includes an income floor of about $30K above SS out to 85. Beyond that, we would probably buy an SPIA t...
by indexfundfan
Sat Aug 15, 2020 10:05 pm
Forum: Personal Investments
Topic: MYGAs When Nearing Retirement
Replies: 46
Views: 4610

Re: MYGAs When Nearing Retirement

We are currently debating whether to start our fixed income ladder now with 8-10 year MYGAs (which would cover ages 60-62). Our dilemma is that rates are historically low. However, while MYGA rates are not great in historical terms, as you indicate, they are certainly good compared to other fixed i...
by indexfundfan
Sat Aug 15, 2020 5:48 pm
Forum: Personal Investments
Topic: MYGAs When Nearing Retirement
Replies: 46
Views: 4610

Re: MYGAs When Nearing Retirement

Of course, the extra return comes with two primary risks: liquidity (due to stiff surrender charges that could be made worse with market value adjustments (MVAs)) and insurance company credit risk. Neither of these bother me that much. We have no intention of liquidating these investments prior to ...
by indexfundfan
Sat Aug 15, 2020 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 828
Views: 108198

Re: Best CD rates thread

I am thinking of using the once a year 60 day rollover process to lock in a 2% CD, if necessary. So for a 60 day rollover, the path of the money does not matter, does it? Could I, for example, transfer mutual fund shares from an IRA brokerage account to a taxable brokerage account and then use a ch...
by indexfundfan
Sun Aug 09, 2020 7:36 pm
Forum: Personal Investments
Topic: PAS moving from index funds to ETFs
Replies: 56
Views: 3831

Re: PAS moving from index funds to ETFs

Vanguard has been allowing (a subset of their) mutual fund to ETF for a long time. If you can't decide now, you can always say no and still make the switch in the future. With a mutual fund, a sale or purchase would require open market trades of the fund's holdings (after netting off the purchases a...
by indexfundfan
Fri Aug 07, 2020 11:45 am
Forum: Personal Consumer Issues
Topic: What is the cheapest cell phone plan if you need 30 min. talk and 500MB a year on the Sprint Network
Replies: 18
Views: 715

Re: What is the cheapest cell phone plan if you need 30 min. talk and 500MB a year on the Sprint Network

You usually can get a brand new Smartphone from Tracfone through HSN for $50 or $60. It comes with 1500 MB / 1500 minutes / 1500 texts with one year service. At the end of the year, repeat the process. You can even rollover leftover data/minutes to the new phone. Here's the current offer https://www...
by indexfundfan
Wed Aug 05, 2020 7:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 137
Views: 11584

Re: Vanguard "sunsetting" CFP consultations

Vanguard client since 2000. Moved the last of my assets out a few months ago to Fidelity. I was originally stuck due to taxable gains in VWIUX, the intermediate term tax exempt fund (which was not transferable to Fido). But the sharp falls in March allowed me to swap out the mutual fund with no tax ...
by indexfundfan
Wed Aug 05, 2020 2:55 pm
Forum: Investing - Theory, News & General
Topic: Sell a CD early buy a fixed annuity
Replies: 62
Views: 2979

Re: Sell a CD early buy a fixed annuity

As far as I can tell from the Best report, not all "impaired" companies fail. Your company could become impaired without being pushed into the hands of the gauranty association and without you losing money. Those impairment rates don't seem that high but they are much higher than the risk of an FDI...
by indexfundfan
Wed Aug 05, 2020 8:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 137
Views: 11584

Re: Vanguard "sunsetting" CFP consultations

Seasonal wrote: Wed Aug 05, 2020 4:49 am Fidelity does not appear to offer Private Client Group to new customers.
I think they still upgrade clients to the PC group. I was recently upgraded when I transferred my assets from VBS to Fidelity. The upgrade was done without any prompting on my part.
by indexfundfan
Tue Aug 04, 2020 3:01 pm
Forum: Investing - Theory, News & General
Topic: Sell a CD early buy a fixed annuity
Replies: 62
Views: 2979

Re: Sell a CD early buy a fixed annuity

Just thought I would share a table (compiled by a third party) which summarizes the insurance guaranty coverage provided by different states https://www.annuityadvantage.com/resources/state-guaranty-associations/ It's interesting to note that CA is the only state with the 80% limitation. Note: Pleas...
by indexfundfan
Tue Aug 04, 2020 8:35 am
Forum: Personal Investments
Topic: TD Ameritrade Private Client Services
Replies: 12
Views: 993

Re: TD Ameritrade Private Client Services

There was a different number you could call for customer service. I don't know if the wait times or service was any better. They also had better money market cash sweep options, which were yielding around 2% a year ago but now are terrible, as you would expect. And I honestly don't know if you need...
by indexfundfan
Tue Aug 04, 2020 7:24 am
Forum: Personal Investments
Topic: TD Ameritrade Private Client Services
Replies: 12
Views: 993

Re: TD Ameritrade Private Client Services

Did TD Ameritrade just eliminated its private client services? I know it wasn't much to start with, but I remember seeing this label under the "Client Services" tab, now it's gone. Anyone else seeing the same thing? What do their private client services provide? I recently transferred a large amoun...
by indexfundfan
Mon Aug 03, 2020 10:20 am
Forum: Investing - Theory, News & General
Topic: Sell a CD early buy a fixed annuity
Replies: 62
Views: 2979

Re: Sell a CD early buy a fixed annuity

If I purchase an annuity in CA, where the 80% rule applies, and then move to a state where there is no 80% rule, will the rule apply to me in case of an insolvency? I have no idea about that. My interpretation is that it should follow the rules of the state where you get the coverage at the point o...
by indexfundfan
Mon Aug 03, 2020 9:50 am
Forum: Investing - Theory, News & General
Topic: Sell a CD early buy a fixed annuity
Replies: 62
Views: 2979

Re: Sell a CD early buy a fixed annuity

Any chance that you might move out of your current state? :-) I think annuities are covered by the guaranty of the state in which you originally purchased them, but not sure about renewals. Policies are covered by the guaranty fund of the state in which the policy is purchased. For example, if I li...