Search found 2955 matches

by indexfundfan
Fri Jul 10, 2020 6:28 pm
Forum: Investing - Theory, News & General
Topic: 8/24/2020: TD Ameritrade Dividend Reinvestment (DRIP) to be same day
Replies: 5
Views: 294

Re: 8/24/2020: TD Ameritrade Dividend Reinvestment (DRIP) to be same day

livesoft wrote:
Fri Jul 10, 2020 5:46 pm
BTW, I believe Fidelity does give a re-invested price from the ex-dividend date or at least it used to.
I wasn't aware of this. This would be a nice feature to have.
by indexfundfan
Fri Jul 10, 2020 5:43 pm
Forum: Investing - Theory, News & General
Topic: 8/24/2020: TD Ameritrade Dividend Reinvestment (DRIP) to be same day
Replies: 5
Views: 294

Re: 8/24/2020: TD Ameritrade Dividend Reinvestment (DRIP) to be same day

The best case scenario would be for the dividends to be reinvested on the ex-div date, just like mutual funds. Alas, this cannot happen with the different ex-div and payable dates.
by indexfundfan
Thu Jul 09, 2020 4:23 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 60
Views: 4509

Re: Fido Deferred Fixed Annuity

Use this link to see the MYGAs offered by Fidelity that are available in your state

https://fundresearch.fidelity.com/annui ... refann=001

The rates are not as good as those that you can get from Blueprint since Blueprint also offers insurers with lower AM Best ratings.
by indexfundfan
Thu Jul 09, 2020 8:59 am
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 60
Views: 4509

Re: Fido Deferred Fixed Annuity

Don't know about Fido, but I did ask TDA. They said they only sell MYGAs from insurers rated AM Best A+ and A++. I'm looking at National, which is A+. I can ask TDA or Fido, but I'm reluctant to do so, because I might get a lot of calls from their annuity sales department trying to sell me annuitie...
by indexfundfan
Thu Jul 09, 2020 6:46 am
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 60
Views: 4509

Re: Fido Deferred Fixed Annuity

Thanks. How much time do you have to fund ? Also, do insurance companies run a credit check or 'insurance check' ? I suppose since they're getting $$$ from you, they don't really need a major check. If one buys at Fido, I suppose one can buy direct from one's brokerage account ? it's a shame Fido d...
by indexfundfan
Wed Jul 08, 2020 6:22 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 60
Views: 4509

Re: Fido Deferred Fixed Annuity

blueprintincome.com or immediateannuities.com should be able to help you out. What are the logistics of buying an annuity through one of these sites ? How you transfer money to the insurance company ? Do you get an account on the insurance company's web site after purchasing the annuity ? I'm curre...
by indexfundfan
Wed Jul 08, 2020 6:02 am
Forum: Personal Investments
Topic: CD vs. Deferred Fixed Annuity
Replies: 17
Views: 2030

Re: CD vs. Deferred Fixed Annuity

Apologies for bringing this thread back to life but I am beginning to think that deferred fixed annuities may be a good option for me. I have nearly $800k sitting in savings accounts (out of a net worth of about $5 million). I will very likely need about $300k for college expenses starting next yea...
by indexfundfan
Mon Jul 06, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1622
Views: 226467

Re: Fidelity as a one stop shop

Two days seems fast to me. I was waiting 6 calendar days to make some transfers from my bank to Fidelity. Not sure if that was Fidelity's fault. Probably my bank wanting to hold the money a bit longer. 6 days seems ridiculous to me. It took about 5 days from check deposit to me being able to withdr...
by indexfundfan
Mon Jul 06, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1622
Views: 226467

Re: Fidelity as a one stop shop

Recently, I set up the automatic withdrawals of the dividends from my Fidelity brokerage account to an online bank. I am quite disappointed with the implementation. Here’s what I observed Day T : dividends posted, night: money withdrawn from account Day T+1 : no action taken Day T+2 : money credited...
by indexfundfan
Sat Jul 04, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 717
Views: 95750

Re: Best CD rates thread

I bought two 5 year MYGAs in the last year. Last August I got a 4% MYGA from SBLI A-. In March, during the market dislocation, I bought a 3.35% one from Sentinel B++. The Sentinel MYGA is still being offered at similar rates. Not sure what I'm going to do in August when I have two separate CDs matu...
by indexfundfan
Sat Jul 04, 2020 4:33 am
Forum: Personal Investments
Topic: Equity-indexed annuity - surrendering early question
Replies: 21
Views: 879

Re: Equity-indexed annuity - surrendering early question

I like option 3. This reduces the expenses immediately. Once you reach 59.5, you can slowly withdraw from the annuity, a little each year, keeping tax considerations in mind.
by indexfundfan
Fri Jul 03, 2020 10:08 pm
Forum: Personal Investments
Topic: Equity-indexed annuity - surrendering early question
Replies: 21
Views: 879

Re: Equity-indexed annuity - surrendering early question

A tax penalty of $11,500 was mentioned earlier.

Assuming the cost basis was $50,000 and the present value is $115,000, the gain is $65,000. The tax penalty should be $6,500.
by indexfundfan
Wed Jul 01, 2020 2:21 pm
Forum: Personal Investments
Topic: Looking for verification on Annuity pitch...
Replies: 80
Views: 4945

Re: Looking for verification on Annuity pitch...

I am not anti-annuity. Whie I had discouraged OP from going with the variable annuity product the sales person was trying to sell to him, I am currently in the process of getting a multi-year guaranteed annuity (MYGA) for myself. It's a 3-yr 3.0% AM Best A- MYGA. It all depends on the product, and ...
by indexfundfan
Wed Jul 01, 2020 10:24 am
Forum: Personal Investments
Topic: Looking for verification on Annuity pitch...
Replies: 80
Views: 4945

Re: Looking for verification on Annuity pitch...

I am not anti-annuity. Whie I had discouraged OP from going with the variable annuity product the sales person was trying to sell to him, I am currently in the process of getting a multi-year guaranteed annuity (MYGA) for myself. It's a 3-yr 3.0% AM Best A- MYGA. It all depends on the product, and i...
by indexfundfan
Tue Jun 30, 2020 7:13 am
Forum: Personal Investments
Topic: Activity assessment fee in Fidelity
Replies: 9
Views: 1019

Re: Activity assessment fee in Fidelity

Yes, they all have this SEC fee. This fee only applies when you sell stocks or ETFs. It does not apply for purchases.
by indexfundfan
Tue Jun 30, 2020 6:48 am
Forum: Personal Consumer Issues
Topic: Painting new drywall
Replies: 24
Views: 1580

Re: Painting new drywall

Thanks for all the recommendations.

I intend to get this product -- Kilz PVA Interior Primer from Home Depot

https://www.homedepot.com/p/KILZ-PVA-5- ... /202665645

Just wondering if HD would tint the primer for me?
by indexfundfan
Mon Jun 29, 2020 5:41 pm
Forum: Personal Consumer Issues
Topic: Painting new drywall
Replies: 24
Views: 1580

Re: Painting new drywall

Thanks. This is going to be for my basement which I'm finishing.

Apparently there is the drywall primer and then there is the drywall sealer. Which would you recommend?
by indexfundfan
Mon Jun 29, 2020 4:48 pm
Forum: Personal Consumer Issues
Topic: Painting new drywall
Replies: 24
Views: 1580

Painting new drywall

Would you apply a separate coat of primer on new drywall first? Or would a paint-and-primer in one work well? I would be using light colors.
by indexfundfan
Sun Jun 28, 2020 6:02 pm
Forum: Personal Investments
Topic: Looking for verification on Annuity pitch...
Replies: 80
Views: 4945

Re: Looking for verification on Annuity pitch...

Variable annuities usually earn fat commissions for the sales person (think 5% or more, or $12.5k on a $250k investment). I would be very wary. I would not have transferred the money into Ameriprise in the first place. Don't invest the money at Ameriprise, transfer it out to Fidelity, Schwab or Vang...
by indexfundfan
Sun Jun 28, 2020 5:39 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 57
Views: 2562

Re: I want to leave Raymond James -- Please help me decide where to go.

Could you provide a link to the list you are talking about? Here is one of them. I also saw another much longer list, but cannot find it now. https://etfdb.com/type/commission-free/fidelity/ As I said, the Fido public website does not indicate that all ETFs are traded free. It gives a link to look ...
by indexfundfan
Sun Jun 28, 2020 5:08 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 57
Views: 2562

Re: I want to leave Raymond James -- Please help me decide where to go.

I couldn't verify anywhere that vanguard ETFs were commission free at Fidelity, in fact, other threads have posts mentioning roughly $5 fee per transaction (and others mentioning $75 fees, although I'm assuming those were for Mutual funds). I will call Fidelity tomorrow to confirm either way. Perha...
by indexfundfan
Sun Jun 28, 2020 4:17 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 57
Views: 2562

Re: I want to leave Raymond James -- Please help me decide where to go.

I couldn't verify anywhere that vanguard ETFs were commission free at Fidelity, in fact, other threads have posts mentioning roughly $5 fee per transaction (and others mentioning $75 fees, although I'm assuming those were for Mutual funds). I will call Fidelity tomorrow to confirm either way. Perha...
by indexfundfan
Sun Jun 28, 2020 12:51 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 57
Views: 2562

Re: I want to leave Raymond James -- Please help me decide where to go.

supalong52 wrote:
Sun Jun 28, 2020 12:48 pm
I wouldn't move around taxable funds too readily unless you want to trigger capital gains taxes.
There are no tax consequences if you transfer in-kind.
by indexfundfan
Sun Jun 28, 2020 12:42 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 57
Views: 2562

Re: I want to leave Raymond James -- Please help me decide where to go.

What is RJ's transfer out fee? With two accounts, it could easily be a hundred dollars or more. Fidelity will reimburse you (ask for it before the transfer), Vanguard won't. Citing Raymond James' page, Client Account Fees and Charges : ... Closing fee related to the external transfer of an account ...
by indexfundfan
Sun Jun 28, 2020 12:26 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 57
Views: 2562

Re: I want to leave Raymond James -- Please help me decide where to go.

What is RJ's transfer out fee? With two accounts, it could easily be a hundred dollars or more. Fidelity will reimburse you (ask for it before the transfer), Vanguard won't.
by indexfundfan
Sun Jun 28, 2020 9:35 am
Forum: Personal Investments
Topic: Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) vs Ally
Replies: 43
Views: 3551

Re: Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) vs Ally

So another question about where to put extra money within a taxable account that I don't expect to need for any expenses. I have an Ally CD maturing soon and need to put the money somewhere and as we all know there is no fixed income source that has a yield even close to say what they were 12 month...
by indexfundfan
Sat Jun 27, 2020 10:25 pm
Forum: Personal Investments
Topic: Brokerage transfer mechanics (Schwab->Fidelity)
Replies: 4
Views: 429

Re: Brokerage transfer mechanics (Schwab->Fidelity)

Looks like you only want to rollover in cash.

Fidelity will probably require you to submit a form to start the transfer. You can sell the funds at that time.

I think all 529 transfers are in cash only.
by indexfundfan
Wed Jun 24, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: New Credit Card For Income Tax Balance
Replies: 15
Views: 870

Re: New Credit Card For Income Tax Balance

What level of CB have you earned? What is the fee charged? My CB is 2.625%. The last time I paid state taxes, I think the fee was 2.25% or 2.35%. For Fed taxes, sometimes the fee could be below 2%. I find the fee varies between different government entities and with time. I also pay my property tax...
by indexfundfan
Wed Jun 24, 2020 7:12 am
Forum: Personal Finance (Not Investing)
Topic: New Credit Card For Income Tax Balance
Replies: 15
Views: 870

Re: New Credit Card For Income Tax Balance

Silk McCue wrote:
Wed Jun 24, 2020 7:08 am
Are you certain that the BofA card won't view the payment as a Cash transaction and not pay the bonus?

Cheers
I have used the BofA Travel Rwds card to pay for both state and federal taxes. You do get the cash back.
by indexfundfan
Wed Jun 24, 2020 7:10 am
Forum: Personal Finance (Not Investing)
Topic: New Credit Card For Income Tax Balance
Replies: 15
Views: 870

Re: New Credit Card For Income Tax Balance

With the balance of my 2019 income tax and 2020 estimated tax due in a couple of weeks, I'm considering opening a new credit card. I just closed my BoA Preferred Rewards since they would not waive the annual fee. I still have a BoA MLB card and with > 200k at Merrill I think it qualifies for the 5....
by indexfundfan
Tue Jun 23, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: 4% Rule and annuities
Replies: 35
Views: 2621

Re: 4% Rule and annuities

In addition, is the 4% you obtained from immediate annuities dot com adjusted for inflation?

I believe the AA 4% rule is adjusted for inflation.
by indexfundfan
Fri Jun 19, 2020 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1622
Views: 226467

Re: Fidelity as a one stop shop

- Unable to link my Merrill Edge account in Fidelity for EFT. The bank linking system keeps assuming it is a Bank of America account (because of the routing number) and asks me to login to it. So I'm unable to link it online. I also noticed a similar problem with connecting my Merrill Edge with my ...
by indexfundfan
Wed Jun 17, 2020 6:59 am
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 157
Views: 16125

Re: Marcus or Ally

Does anybody here use Ally/Marcus for the purpose of keeping emergency savings? I currently have my emergency savings account of around 40k with my primary bank because of the ease of instant transfers. Of course, interest rates are practically 0%. I’ve considered using Ally/Marcus so at least we w...
by indexfundfan
Tue Jun 16, 2020 7:20 pm
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 157
Views: 16125

Re: Marcus or Ally

One needs to be willing and able to move quickly, especially in a declining rate environment. I actually consider that e-mail as a shot across the bow (a heads up so to speak). After all, they give you I think it is 10 days to fund the CD after opening it. So it's not like you have to drop everythi...
by indexfundfan
Mon Jun 15, 2020 8:08 am
Forum: Personal Investments
Topic: Selling Brokerage CDs?
Replies: 4
Views: 264

Re: Selling Brokerage CDs?

Brokerage CDs are usually thinly traded with huge spreads. You will most likely have to sell at the "bid" price.
by indexfundfan
Mon Jun 15, 2020 7:55 am
Forum: Personal Investments
Topic: Final word on selling/buying VANGUARD ETFs on same day
Replies: 12
Views: 739

Re: Final word on selling/buying VANGUARD ETFs on same day

My question concerns SELLING Vanguard ETFs in a Vanguard Taxable Account and then BUYING Vanguard ETFs or MFs immediately afterwards without waiting for settlement, etc. Is this allowed at Vanguard? It is totally allowed as long you have not been wrist-slapped for free-riding and are not on secret ...
by indexfundfan
Fri Jun 12, 2020 3:14 pm
Forum: Personal Consumer Issues
Topic: caulk puncture tool ?
Replies: 71
Views: 3800

Re: caulk puncture tool ?

I would return it. It is too inconvenient to have to get a separate tool.
by indexfundfan
Thu Jun 11, 2020 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 1.25% to 1.10%
Replies: 81
Views: 8709

Re: Ally Bank savings interest rate dropping from 1.25% to 1.10%

I opened 3 unfunded NP CDs too. I think I have 10 days to fund them. I should probably do this tonight before they drop the rate tomorrow. Can you keep adding more during the 10 days or is it a 1 time fund and you are done. It's a one-time funding. You can't add more, even in the first ten days.
by indexfundfan
Thu Jun 11, 2020 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 1.25% to 1.10%
Replies: 81
Views: 8709

Re: Ally Bank savings interest rate dropping from 1.25% to 1.10%

I opened 3 unfunded NP CDs too. I think I have 10 days to fund them.
by indexfundfan
Thu Jun 11, 2020 5:08 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2168
Views: 378958

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

MikeG62 wrote:
Thu Jun 11, 2020 4:53 pm
Subject - Chase $2,000 bonus Private Client Banking Bonus
Thanks for the detailed write-up. It's tempting.
by indexfundfan
Tue Jun 02, 2020 3:12 pm
Forum: Personal Investments
Topic: How to switch from Betterment to Vanguard (or Fidelity)
Replies: 13
Views: 852

Re: How to switch from Betterment to Vanguard (or Fidelity)

The recent thread about Betterment not transferring the assets in-kind is for an IRA. Apparently, you can transfer in-kind for taxable accounts. But still, it is prudent to confirm the policies for taxable account transfers.
by indexfundfan
Fri May 29, 2020 12:39 pm
Forum: Personal Investments
Topic: How to invest lots of maturing CDs in this investment climate
Replies: 55
Views: 20680

Re: How to invest lots of maturing CDs in this investment climate

I have CDs maturing starting late next year and I will spend some time to investigate if MYGAs would be suitable CD replacements. From my understanding, MYGAs may be OK if you know you will never need to do early withdrawals, and you pick a company with good credit rating and stay below your state'...
by indexfundfan
Fri May 29, 2020 10:47 am
Forum: Personal Investments
Topic: How to invest lots of maturing CDs in this investment climate
Replies: 55
Views: 20680

Re: How to invest lots of maturing CDs in this investment climate

This is even more problematical for maturing IRA CDs, due to the additional time and hassle of doing IRA transfers. I have an IRA CD maturing at Synchrony Bank next month, and as of now, the 1-year APY is only 1.00% and the 5-year APY is only 1.40%. The IRA money market account APY is only 0.75%. I...
by indexfundfan
Thu May 28, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is Capital One 360 bank account OK?
Replies: 35
Views: 2291

Re: Is Capital One 360 bank account OK?

I have maxed out my Ally account up to the FDIC limit. Capital One 360 has a 1.3% savings account, much better than Vanguard MMF and I am thinking of opening a Capital One 360 account. Has anyone used them? Are they OK? Is this 1.3% likely to be a teaser rate that changes in a few months, or is it ...
by indexfundfan
Wed May 27, 2020 3:53 pm
Forum: Personal Investments
Topic: Betterment liquidated my investments without my authorization
Replies: 75
Views: 5539

Re: Betterment liquidated my investments without my authorization

From the information posted by OP, not withstanding any attempt to disclaim liability, Betterment may have violated FINRA rules concerning account transfers (https://www.finra.org/rules-guidance/rulebooks/finra-rules/11870, see also https://www.sec.gov/oiea/investor-alerts-bulletins/ib_transferacco...
by indexfundfan
Wed May 20, 2020 8:47 am
Forum: Personal Finance (Not Investing)
Topic: [Fidelity- new rewards program for Wealth Management clients]
Replies: 21
Views: 2409

Re: FIDELITY USES FINANCIAL STRENGTH AND SCALE TO DELIVER UNMATCHED VALUE WITH FIRST OF ITS KIND FIDELITY REWARDS+ SM PR

Fidelity Wealth Management account needed, with an AUM fee of 0.50% – 1.50% !

Great if you are already an existing client of Fidelity Wealth Management, otherwise, no thanks.
by indexfundfan
Wed May 20, 2020 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 717
Views: 95750

Re: Best CD rates thread

Did anyone look at MYGAs? Recently there was a thread on this https://bogleheads.org/forum/viewtopic.php?p=5231074 CDs are guaranteed by FDIC (within limits), while admittedly there is no such guarantee for MYGAs. MYGAs may be covered by the state's insurance guaranty fund (less secure than FDIC for...
by indexfundfan
Wed May 20, 2020 6:47 am
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 94
Views: 9846

Re: Where to park cash in Fidelity?

I don't believe the Schwab Bank High Yield Investor Savings account has ever been competitive. Perhaps it should be renamed "Low Yield Savings Account".
by indexfundfan
Sat May 16, 2020 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trading Day Times?
Replies: 4
Views: 625

Re: Vanguard Trading Day Times?

Q. Did Vanguard at one time have a 2:PM cutoff time in order for you to lock-in that days NAV? Seems to me that at one time this was the case, and if you bought into a fund after 2:PM it was to late and you got the next days closing NAV at the market close. Is that correct? If so, when did Vanguard...
by indexfundfan
Sat May 16, 2020 4:06 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 60
Views: 4509

Re: Fido Deferred Fixed Annuity

I'm new to this. Question - is it a simple process to reinvest the money when the MYGA matures? Is each renewal considered a 1035 exchange? I'm currently at the age where any earnings withdrawal would be subject to the 10% tax penalty. Thanks for sharing.