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BayouBoy wrote: ↑Wed Mar 29, 2023 12:59 am I have had retirement funds invested in various TIAA plans, all within the same 403(b). Under the rules of my GRA plan, I was able to use TIAA-traditional to buy a fixed-period annuity, with five years being the shortest period. By contrast, TIAA-trad funds held in my RA plan were not eligible for a fixed-period annuity, and the Total Payout Annuity (more-or-less equal payments over 9 years and 1 day) was the fastest payout option.

I guess TIAA does not want a loophole for people to get out of the illiquid version in less than 9 years and 1 day but it is interesting that it does not allow fixed-period annuity that is longer than that. Thanks for the info.

BogleFan510 wrote: ↑Tue Mar 28, 2023 7:01 pm

student wrote: ↑Sun Mar 26, 2023 6:47 am

BogleFan510 wrote: ↑Sat Mar 25, 2023 11:26 pm To not duplicate previous posts, I've found that Schwab is very good at free estate advice related help, such as planning tips from an expert, or transfers of assets among heirs after a death.

Is this from their complimentary plan? https://www.schwab.com/financial-planning/schwab-plan Or is it from other units for their more important clients?

Thanks.

Not sure if it requires a minimum balance, but I expect it does.

Thanks for replying.

Since your update, I see that you have a wife. Perhaps you can do the $25k in a combination of interest-free loans and gifts. $25k/2 is $12.5k. Each of you loan $9k to family member with no interest and give $3.5k as a gift. See https://www.schwab.com/learn/story/fami ... ve-it-away regarding interest-free loan that I mentioned up thread. This way even if the loan turns into a gift, the total is still $12.5 and there is no need for paperwork.

A bridge loan? https://www.investopedia.com/terms/b/bridgeloan.asp

anonenigma wrote: ↑Tue Mar 28, 2023 4:33 pm

Mel Lindauer wrote: ↑Tue Mar 28, 2023 3:53 pm If you're married, you can double the FDIC coverage if you buy one and your wife buys one, with each of them being for $250k or less.

Would it be covered if it's a joint account under $500,000?

I think so. FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing. See table under joint accounts. $250,000 per co-owner

Call_Me_Op wrote: ↑Tue Mar 28, 2023 3:53 pm

student wrote: ↑Tue Mar 28, 2023 3:01 pm I think it would be wise to stay under the FDIC limit including interest.

Interest is not reinvested in brokered CDs.

But it is accrued, right? If someone purchased $200k CD, then if there is an issue, one gets $200k plus accrued interest under FIDC. If the CD is $250k, then there is no room for accrued interest. https://www.fdic.gov/resources/deposit- ... -a-glance/ "FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing."

I think it would be wise to stay under the FDIC limit including interest.

Just be careful with some an arrangement unless you know the person really well especially if you are in states such as California. https://home.howstuffworks.com/real-est ... friend.htm

I have a family member in India who needs a fairly substantial loan in the near future and is asking for my help. Let's say for argument that I am going to agree to loan them the money. I am based in the U.S. The loan will be money sent from a U.S. bank to a bank in India (not via Bitcoin (I think)). The loan amount will be anywhere from $9k to $25k. A bunch of questions: 1. Do I just walk into my local bank (Wells Fargo) and do a wire transfer? What is the preferred way to do this? 2. Is using a wire transfer company a less expensive way to do this (get a better exchange rate). Are they safe for this amount of money? 3. I understand that transfers of more than $10k will require filling out an IRS form. What about multiple transfers made t...

20cm wrote: ↑Tue Mar 28, 2023 9:52 am Call protected brokered CDs are paying more than this for both 9 and 12 month terms.

+1.

Seems to be more expensive than the T-mobile version. https://www.t-mobile.com/cell-phone-plans/unlimited-55-senior-discount-plans Yes it is by quite a bit. OP should check into this. We just switched over to the T Mobile Magenta Max 55+ plan with 2 lines for $90 (all in). I figured we'd start with the high end plan and can always downgrade it later. Previously we were on separate Verizon and AT&T plans. I was under an old ex-employer's plan but it started going up in price. If Verizon had offered something to my wife I might have switched to them but instead they quoted one price to high and then back tracked and told her that wasn't right so she was annoyed and wanted to leave. The process of switching actually was easy. This was my ...

Seems to be more expensive than the T-mobile version. https://www.t-mobile.com/cell-phone-pla ... ount-plans

enad wrote: ↑Mon Mar 27, 2023 6:10 pm If within 30 days, I would just return it and buy something else i.e. TP-Link AC1750 Smart WiFi Router Dual Band Gigabit Wireless Internet Router | Amazon.com which actually costs less and works great in a large ranch style home.

Thanks. We have indeed just decided to return it.

I think this shortage of people to do home repairs is nation wide. I suspect it isn't so much a shortage of handyman rather than a shortage of what people are willing to pay a handyman more or the same as what they could earn doing something else. ^this. For whatever reason people do not want to pay over what materials cost. They want people to work for free. I know multiple people with this mindset. If you're not willing to pay up then you'll need to watch some youtube videos and diy. Prices are sky high for contractors and will remain so moving forward. Get used to it, never have anything repaired, or diy. Those are you options. This does not seem to be the case for OP. The concrete person did not even send OP an estimate.

One of my siblings has a one person household with internet speed about 100Mbps. Due to the old router exhibiting issues, it is replaced by https://www.amazon.com/Linksys-Tri-Band-Max-Stream-MU-MIMO-Wireless/dp/B06X9CPC45/?_encoding=UTF8&pd_rd_w=rVSoB&content-id=amzn1.sym.bc5f3394-3b4c-4031-8ac0-18107ac75816&pf_rd_p=bc5f3394-3b4c-4031-8ac0-18107ac75816&pf_rd_r=Q9R17D7XTGE08DQBBHFJ&pd_rd_wg=tPI1G&pd_rd_r=11d484eb-805c-4a00-b8cc-4cd00673e421&ref_=pd_gw_ci_mcx_mr_hp_atf_m&th=1 We used separate SSIDs, one for 2.4GHz and one for 5.0GHz as we used the same SSID and password from the old routers to avoid having to setup various gadgets. (Some clients can only use 2.4GHz.) We encountered one issue right away, the 5.0...

delamer wrote: ↑Mon Mar 27, 2023 11:09 am And, to be completely honest, if I see a post from a 38 year-old with a household income of $1 million, I don’t respond to it.

I don't respond either as I figure that my poor man perspective would not be relevant, and I have no experience in whatever they are describing.

NotWhoYouThink wrote: ↑Mon Mar 27, 2023 10:28 am I offered $20/day (there were 2 cats), the mom insisted they couldn't accept more than $10/day, and we settled on $15/day. That was for a week.

For longer trips, I insist on $20/day, it seems to work fine.

Awesome. Everybody are nice and reasonable. (Much better than the usual stories from AITA thread on reddit.)

The phone call started out friendly, and then all of a sudden the call center rep accused me of making a math error. :D I was like, "No, $7,000 * .006 = $42. Not $420. If I am going to owe $420 every year from now on, please let me know." :shock: :shock: :shock: :D One of the scenarios I went over in my head was the Verizon Math thing if you remember that from a few years ago. Based on the experience I just had though, although they do understand math I think IRS call reps must have an internal policy that they should avoid ever admitting a mistake, as clearly whoever did the data entry had put in an extra zero. The only way you owe $420 in FUTA as an employer paying unemployment taxes to the State of Florida is if you have 10 em...

I check transactions but I do not look at the arithmetic.

financeperchance wrote: ↑Mon Mar 27, 2023 6:54 am The phone call started out friendly, and then all of a sudden the call center rep accused me of making a math error. I was like, "No, $7,000 * .006 = $42. Not $420. If I am going to owe $420 every year from now on, please let me know."

Leesbro63 wrote: ↑Sat Mar 25, 2023 5:22 pm I have an HP 8600 color printer. A few years ago, I bought a cheap Brother B&W laser printer so that I’d only have to use the HP occasionally for color. But even at that, it seems that the ink either had serious shrinkflation, or maybe the cartridges “time out”. And the prices are crazy high for a set of 3 color and 1 black.

Am I missing something? Is there a cheaper way? Off-brand cartridges didn’t work for me in the past (runny, sometimes the machine wouldn’t recognize them, etc).

Sorry. No recommendation. But it fits what you said in another thread, you buy a new Lexus every 3 years but will spend time to save money elsewhere.

This is lower than Vanguard and Fidelity... I am talking about pure cash interest in Interactive Brokers.. not what you get in the money market funds. How much interest Vanguard and Fidelity pay on Cash.. without having to roll it into a money market instrument? At Fidelity, they will auto-liquidate any of their MMKT funds to make a transfer. However, any money coming in goes to the 'core sweep' account, so to get it to a MMKT fund, you have to do a buy. Will that morning sell/transfer of a MMKT fund be a today transfer, or would it always be over-night since a sell is involved, I don't know, I've never done one that way. Money coming in will go directly to a money market fund at Fidelity without making a buy order, if you have chosen a mo...

BogleFan510 wrote: ↑Sat Mar 25, 2023 11:26 pm To not duplicate previous posts, I've found that Schwab is very good at free estate advice related help, such as planning tips from an expert, or transfers of assets among heirs after a death.

Is this from their complimentary plan? https://www.schwab.com/financial-planning/schwab-plan Or is it from other units for their more important clients?

Thanks.

yatesd wrote: ↑Sat Mar 25, 2023 2:59 pm The idea of using a robo investor for auto rebalancing is intriguing to me. For $360 a year (and a cash equivalent allocation of approximately 7% which currently earns 4.08%), I get a managed account with access to a CFP whenever I need with an annual checkup. For my account balance and scenario, it is cheaper than Vanguard's .30% fee since my personal allocation goal of bonds/cash is around 20% which aligns pretty closely.

Be careful about auto rebalancing if there are tradings (whether by you or robo advisor) in other accounts as it may create wash sales.

It was in this thread. viewtopic.php?p=7157117

This is lower than Vanguard and Fidelity... I am talking about pure cash interest in Interactive Brokers.. not what you get in the money market funds. How much interest Vanguard and Fidelity pay on Cash.. without having to roll it into a money market instrument? I'm not concerned with the distinction between "cash" and "money market" sweeps--I consider them to be equivalent if they can be used to fund purchases or withdrawals, instantly, and without any pre-planning or manual selling. Fidelity pays ~4.3% and Vanguard pays ~4.6% on cash (currently). I double you can find something better than Vanguard for this purpose among the big and established players. Vanguard would be perfect, but it doesn't offer Bill Pay, and doe...

exodusNH wrote: ↑Sat Mar 25, 2023 4:52 pm

msj16 wrote: ↑Sat Mar 25, 2023 3:31 pm Thanks very much! If anyone has gone to a passport agency regarding "urgent within 14 day travel" if you can estimate how long of a wait in line and how long to get a passport that would be appreciated.

I used RushMyPassport.com. It wasn't cheap -- almost $700 -- but I got mine in 10 calendar days, better than what had been promised.

Finding a place to take my passport photo was more difficult. While supposedly Rite Aid, CVS, and Walgreens do it, the individual stores often don't want to take the time and so lie that their machines are broken. I had to go to 3 different locations before I found a place that was willing/able to do it.

For pictures, I go to the post office.

Interactive Brokers pay 4.33 % for cash . They pay fed funds rate minus 50 basis points and reflect new rate the day after the fed action. No settlement fund or sweeping needed. But need minimum 100k equity in the account and first 10k cash get no interest. This is lower than Vanguard and Fidelity... I am talking about pure cash interest in Interactive Brokers.. not what you get in the money market funds. How much interest Vanguard and Fidelity pay on Cash.. without having to roll it into a money market instrument? I'm not concerned with the distinction between "cash" and "money market" sweeps--I consider them to be equivalent if they can be used to fund purchases or withdrawals, instantly, and without any pre-planning ...

I am assuming that the parents will be paying for the $100,000 for home improvement. If the two siblings are not living in the same city, this means the person who the parents are staying with will be taking care of them. So I would say that the cost should not be considered an inheritance. Regarding food and utilities, it depends on everyone's finances.

twh wrote: ↑Sat Mar 25, 2023 12:17 pm Sometimes when I have a printing problem, it is fixed by downloading the document to the computer and then printing from there using native Adobe Reader rather than a web browser plug-in.

+1. On my mac, sometimes preview has issues for some pdf files and it "clogs" my printer queue. I have to use acrobat reader.

Vanguard?

- Fidelity does charge 1% fee on ATM international withdrawals despite many claiming to the contrary. I asked a Fidelity employee directly and was told this, and Fidelity employee's themselves have reported the 1% charge for international ATM withdrawals is true: https://www.reddit.com/r/fidelityinvestments/comments/1201kvc/for_atm_transactions_i_understand_that_any_atm/ If Fidelity says it charges a fee, but people are not actually being charged a fee, does that mean there is a fee? I don't think Fidelity says it will charge a fee, the response said "may." When the poster asked further, the reply was "For international merchant purchases, the Visa currency conversion rate includes a 1% foreign transaction fee. This fee is a...

... - Fidelity does charge 1% fee on ATM international withdrawals despite many claiming to the contrary. I asked a Fidelity employee directly and was told this, and Fidelity employee's themselves have reported the 1% charge for international ATM withdrawals is true: https://www.reddit.com/r/fidelityinvestments/comments/1201kvc/for_atm_transactions_i_understand_that_any_atm/ ... Being among those that have used Fidelity's ATM card (at foreign Australian ATM for cash, not POS) and had no explicit line-item FTF charge nor noticeable exchange rate spread difference from other cards saying no FTF, it makes me curious if there's something built into the exchange rate spread that Fidelity is adamant about disclosing that other cards are less tra...

If sufficiently enough people want to redeem, any mutual fund will have issues. (I am assuming you meant money market mutual funds.) Some money market funds have a redemption gate. https://www.sec.gov/rules/proposed/2021 ... -sheet.pdf But of course, this may have its own issue. https://www.gao.gov/products/gao-23-105535 If you are worried, perhaps a combination of T-bills, CD and money market.

stoptothink wrote: ↑Sat Mar 25, 2023 8:05 am Research suggests "ideal" sleeping temperature ranges from high 50's to high 60's, depending on the individual. It often gets well below 60 in our home overnight, and that's how we like it.

Oh. I did not know that. Thanks for the info.

I was sad to see that one couple are donating $400/month to their church. Meanwhile, in the winter, they confine themselves to two rooms in their home and set the thermostat to 60F. While I'm not judging their choice, it seems like they cannot afford to do this. I hope folks from there church see this article and advise them to cut back, but I doubt that will happen. That works out to 9.1% of their SS/Pension income. I guess I wouldn't use the term sad to describe their devotion to tithing. However I would agree that they could certainly explore tithing a lower amount if striking a better balance would meet their needs. The 13 room Victorian home with the high ceilings way up on the Canadian/Maine border that experiences cold winters certa...

Another report. https://www.youtube.com/watch?v=EnZ-Ii5z4Ps

Just got an email about the better balance rewards credit card will be changed to a cash reward card/ The BBR card is good. Too bad. You get $30 a quarter for paying your credit card. No other reward. So of course people just spend a few dollars on it every month.

cubs1999 wrote: ↑Thu Mar 23, 2023 11:11 pm It's been 3 weeks I think since I transferred stock into Merrill Edge. Should I be worried that the cost basis hasn't transferred over yet?

Three weeks seem long.

Received a safe deposit box payment notice on my previously complementary platinum honors safe deposit box. Rental rate: $75 Discount: Pref Reward: -$37 Charge: $38 I don't see the free safe deposit on the bank of america web site anymore. It looks like the benefit has been replaced with a discount. What size? We just recently opened a box at our local BofA and was told a 3x5 (normally $75/year) was free but for larger sizes, it was only a discount (and while I don't recall the exact amount, it quite a bit less than $75). My small 3x5 (normally $75/year) that was free in the past several years now costs $38/year. Oh. That's not good. I need to keep an eye on it as I have one. I still see it listed on its website. https://promotions.bankofa...

unmesh wrote: ↑Thu Mar 23, 2023 8:37 pm I should know this but does the $2500 per quarter cashback limit on CCRs reset on calendar quarter boundaries or quarters lined up with statement closing dates?

https://www.managerewardsonline.bankofa ... 05_ADA.pdf

The calendar quarters are: January 1 through March 31, April 1 through June 30, July 1 through September 30 and October 1 through December 31 of each year.

placeholder wrote: ↑Thu Mar 23, 2023 12:42 am

Morik wrote: ↑Wed Mar 22, 2023 11:22 pm

placeholder wrote: ↑Wed Mar 22, 2023 8:21 pm What is the hotline number because I don't see it on the account page anymore.

You can find it as follows:

Ok thanks I will remember that in case I need it.

It is also on your bank statement. 1.888.888.RWDS (1.888.888.7937) and En Español: 1.800.688.6086

Try the suggestions by the two posters immediately preceding this.

grumpy30000 wrote: ↑Thu Mar 23, 2023 1:54 pm In the brokerage account he want to but 3-month brokerage CD's at 5% and insist I will make 5% on my money in 3 months (20% in a year).

Hahaha. Sounds like someone cannot pass high school math or has no idea on the meaning of APY.

OP: Please leave NOW and save yourself......

Sorry, my fault; that was in this thread but posted by someone else. In any case, it still doesn't make sense that you'd go from 18% to 82% (which still doesn't seem all that high, incidentally) by simply adding funds. I'm assuming when you mentioned three funds you have some variation on the three-funds discussed here. You'd have to have a very inappropriate allocation now to see such a change in success probability. Basically Target Ret 2025 Tr Sel $443K Instl 500 Index Trust $264K Inst Tot Bd Mkt Ix Tr 163K Just guessing that looks like maybe 50% equities 50% bonds with a little international thrown in. That doesn't seem like a wild departure from what any advisor would likely recommend, so I still don't see being able to get a huge imp...

tibbitts wrote: ↑Thu Mar 23, 2023 2:03 pm

student wrote: ↑Thu Mar 23, 2023 12:53 pm Me too. 18% to 82% chance of success? Any chance of mishearing? Eighty instead of eighteen or transposed two digits when the advisor typed the answer?

I could see 81% vs. 82%, but for me that would be statistically insignificant and not a practical benefit. But if I had low-80 percentages of not running out of money, I'd be making some other adjustments to improve my odds, unless this is entirely discretionary money - in which case I'd probably invest it more aggressively.

I agree.

A few hours ago you were talking about 98% and 99%; now you're talking about 18% and 82%. That doesn't make sense either. Not me Your probably confused with another Post Sorry, my fault; that was in this thread but posted by someone else. In any case, it still doesn't make sense that you'd go from 18% to 82% (which still doesn't seem all that high, incidentally) by simply adding funds. I'm assuming when you mentioned three funds you have some variation on the three-funds discussed here. You'd have to have a very inappropriate allocation now to see such a change in success probability. Basically Target Ret 2025 Tr Sel $443K Instl 500 Index Trust $264K Inst Tot Bd Mkt Ix Tr 163K Just guessing that looks like maybe 50% equities 50% bonds with...

johnnyc321 wrote: ↑Thu Mar 23, 2023 9:23 am Better but not back to normal.

My anecdotal evidence is that we just submitted a warranty claim on our new Samsung disaster two weeks ago because the LEDs stopped working. They have no spare parts and are instead sending us an entire new dishwasher.

However TV prices have dropped like crazy.

Thanks for the info.

I'm mulling over a new computer and possibly a new external SSD to go with it, and in my quick first-cut searches I found I was getting confused by SanDisk having acquired G-Technology, a provider of external rotating drives. So you can now have the SanDisk brand name on a rotating drive. Google, Amazon, etc. not at all clever about identifying SSD versus rotating drives correctly, and my searches for "SSD drives" often included rotating drives. (My motivation for the external drive is that Time Machine and BackBlaze don't offer a path to quick recovery if the internal drive on a computer goes bad. So I like to make periodic bootable clones of my internal drive to sufficiently fast external drive.) Yes. One has to be careful. I b...

dukeblue219 wrote: ↑Thu Mar 23, 2023 8:16 am NAND flash and DRAM are essentially commodities and have price swings accordingly. Right now flash is exceedingly cheap and there is ample supply. However, it doesn't really have any bearing on automotive sensors or refrigerator controllers; the fabs to build one type of microcircuit are vastly different from another and capacity can't adjust for market needs. So, I would still expect to see issues on some products even when others have a glut.

Thanks for the info.