Search found 60 matches

by JamaicaMeCrazy
Sun Feb 10, 2019 12:38 pm
Forum: Personal Investments
Topic: CDs: 1 yr vs 3yr
Replies: 46
Views: 5237

Re: CDs: 1 yr vs 3yr

I believe it comes down to your comfort factor as how to proceed. Another factor is the amount invested. FDIC and NCUA limits should also be a consideration. Also (as someone mentioned) a CD ladder is an idea to explore as well. A quick check at www.bankrate.com shows that you can get a 3 year CD (C...
by JamaicaMeCrazy
Fri Feb 08, 2019 7:31 am
Forum: Personal Investments
Topic: Portfolio Issues, Help Please?
Replies: 11
Views: 953

Re: Portfolio Issues, Help Please?

My 5 year Penfed CD's @3%, which I learned about Bogleheads, just matured. I discovered a 3.2% 18 month Jumbo CD at Suncoast Credit Union which I transferred these funds to today. Suncoast CU deposit has to be "new money". If interested, one must be a resident of one of 40 FL counties, graduated fr...
by JamaicaMeCrazy
Fri Feb 08, 2019 6:57 am
Forum: Personal Investments
Topic: Portfolio Issues, Help Please?
Replies: 11
Views: 953

Re: Portfolio Issues, Help Please?

I would like to put myself in your shoes because this seems like an easy riddle to me. This is what I would ask myself: What are my expenses (mandatory + discretionary)? That would drive my decisions. I would then ask, is there another SS income coming down the road? Pension (COLA or not)? If no ad...
by JamaicaMeCrazy
Fri Feb 08, 2019 6:41 am
Forum: Personal Investments
Topic: Portfolio Issues, Help Please?
Replies: 11
Views: 953

Re: Portfolio Issues, Help Please?

penfed, divide the cd into smaller amounts incase you should want to withdraw any amount including interest. why, any withdrawal is the same as closing your account/cd and that includes the interest accrued on the cd. caution, all cd's come with a 1 year interest 1-3 year cd's, but 30 percent on 4-...
by JamaicaMeCrazy
Tue Feb 05, 2019 12:35 pm
Forum: Personal Investments
Topic: Portfolio Issues, Help Please?
Replies: 11
Views: 953

Re: Portfolio Issues, Help Please?

Is your CD titled such that that large amount is NCUA covered? (250,000/person) Agree that using much smaller amounts should be considered so if you need some of it, you don't lose interest on everything. Yes, it is a surprise when rates drop unexpectedly. Have no clue what will happen next. I am p...
by JamaicaMeCrazy
Tue Feb 05, 2019 12:33 pm
Forum: Personal Investments
Topic: Portfolio Issues, Help Please?
Replies: 11
Views: 953

Re: Portfolio Issues, Help Please?

A few thoughts: - Most folks here do not count their homes in their “portfolio” discussion. - I think an asset allocation of 40% stocks / 60% bonds+cash is fine. A 40/60 Allocation will allow you to annually take out $75,000 - $80,000 (with inflation increases) very safely for the rest of your live...
by JamaicaMeCrazy
Mon Feb 04, 2019 9:47 am
Forum: Personal Investments
Topic: Portfolio Issues, Help Please?
Replies: 11
Views: 953

Portfolio Issues, Help Please?

Hello Fellow Bogleheads, So, I just had a CD mature at Penfed a few days ago. It was a 5 year CD at 3%. The matured amount was 580K. It had started at 500K. So, I decided to roll it over into another CD. This new CD was an 18 month one at 2.95%. Unbeknownst to me, the rate dropped on the date that i...
by JamaicaMeCrazy
Sun Feb 03, 2019 7:47 am
Forum: Personal Investments
Topic: Ally Bank's nightmarish online reviews -- should I be worried?
Replies: 105
Views: 14373

Re: Ally Bank's nightmarish online reviews -- should I be worried?

Add another to the happy Ally customers. We've had (and continue) various accounts there, and are satisfied with them. They continue to have some of the better interest rates in the industry.
by JamaicaMeCrazy
Sat Jun 06, 2015 6:30 pm
Forum: Personal Investments
Topic: Retired And We Need Some Help With Our Portfolio!
Replies: 23
Views: 6349

Re: Retired And We Need Some Help With Our Portfolio!

Valuethinker- Thanks so much for taking the time to spell out and explain your ideas here in regards to maybe considering a SPIA. I have looked into it a little and at this time. And I think for at least now, we are leaning towards keeping a SPIA on the back burner. Although, it could be an option i...
by JamaicaMeCrazy
Tue Jun 02, 2015 11:36 am
Forum: Personal Investments
Topic: Retired And We Need Some Help With Our Portfolio!
Replies: 23
Views: 6349

Re: Retired And We Need Some Help With Our Portfolio!

You seem to have sufficient assets and a reasonable diversification. I would tend to be more in the asset preservation mode vs growth. A 50/50 allocation is fine - I might drop that to 45/55 or 40/60 but it isn't a deal breaker. If 50/50 I'd take more of my withdrawals from equities when the market...
by JamaicaMeCrazy
Mon Jun 01, 2015 5:37 pm
Forum: Personal Investments
Topic: Retired And We Need Some Help With Our Portfolio!
Replies: 23
Views: 6349

Re: Retired And We Need Some Help With Our Portfolio!

I think you are in pretty good shape. If you need $50k to live on, that is about $37k from your nest egg. That is about a 1.7% withdrawal rate - very low and should be very safe. In fact, it might be possible you could spend more if you wanted. I'm not saying you should spend more but I think you h...
by JamaicaMeCrazy
Mon Jun 01, 2015 5:36 pm
Forum: Personal Investments
Topic: Retired And We Need Some Help With Our Portfolio!
Replies: 23
Views: 6349

Re: Retired And We Need Some Help With Our Portfolio!

I think you are in pretty good shape. If you need $50k to live on, that is about $37k from your nest egg. That is about a 1.7% withdrawal rate - very low and should be very safe. In fact, it might be possible you could spend more if you wanted. I'm not saying you should spend more but I think you h...
by JamaicaMeCrazy
Mon Jun 01, 2015 7:05 am
Forum: Personal Investments
Topic: Retired And We Need Some Help With Our Portfolio!
Replies: 23
Views: 6349

Re: Retired And We Need Some Help With Our Portfolio!

Questions: 1. Given the fact that work is no longer on our horizon, should a more conservative approach be taken? (maybe a 40/60, less, or more cash?) 2. Is there a reason to add any international bonds at this time? 3. Any and all ideas are very much appreciated. Thanks in advance! In your current...
by JamaicaMeCrazy
Sun May 31, 2015 4:03 pm
Forum: Personal Investments
Topic: Retired And We Need Some Help With Our Portfolio!
Replies: 23
Views: 6349

Re: Retired And We Need Some Help With Our Portfolio!

Thanks for giving us a fuller picture. I think you are in good shape, retirement-wise. Congratulations! If you can’t make it, there’s a whole lot of us in big trouble! Once you have the cash invested at your desired AA, I think you will be in very good shape. Although we have some Total In'tl Bond ...
by JamaicaMeCrazy
Sun May 31, 2015 9:57 am
Forum: Personal Investments
Topic: Retired And We Need Some Help With Our Portfolio!
Replies: 23
Views: 6349

Re: Retired And We Need Some Help With Our Portfolio!

Welcome to the forum. Are your "current retirement assets" in a taxable account, or in tax-deferred or tax-free accounts? That's needed information. Low 7 figures, let's say 1.2M times 3% withdrawal rate would give you about 36k. With the SSDI of 13k, 49k is close to your stated need of 50k. I thin...
by JamaicaMeCrazy
Sat May 30, 2015 8:10 pm
Forum: Personal Investments
Topic: Retired And We Need Some Help With Our Portfolio!
Replies: 23
Views: 6349

Retired And We Need Some Help With Our Portfolio!

Hello everyone. It’s been awhile since I have posted and asked for some help. Well, the time to ask for some recommendations on what to do again has arrived. Any and all replies are greatly appreciated in advance! Here’s our story. My wife and I both retired early (health). The only income besides S...
by JamaicaMeCrazy
Mon Feb 07, 2011 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Issue RE: IRA Help please!
Replies: 5
Views: 998

We don't know if the OP has earned income or not. S/He could be retired before his/her spouse. Oops, I should've mentioned that. No, I also do not have any wages, salaries, tips,etc (from line 7 of 1040). I do have rental income and get SSDI, if that plays a factor? Also, I retired before spouse an...
by JamaicaMeCrazy
Sun Feb 06, 2011 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Issue RE: IRA Help please!
Replies: 5
Views: 998

Tax Issue RE: IRA Help please!

Hi everyone- Here is my scenario: My spouse has been retired since 1/08, and last year, I made the stupid error of adding a contribution of $6K to the IRA when I was told afterward that this is not something allowed, because they aren't employed. After being told that, I transfered the funds (now at...
by JamaicaMeCrazy
Mon Dec 20, 2010 11:28 pm
Forum: Personal Investments
Topic: Overloaded in Cali Munis- What to do?
Replies: 8
Views: 1383

Since they all have 5% coupons, and currently have an average maturity of about 3 years, they would have to incur capital gains if sold now, because the going yield for 3 year munis is well under 5% (somewhere in the neighborhood of 1% for AAA, general obligation bonds--even adding a couple hundred...
by JamaicaMeCrazy
Mon Dec 20, 2010 11:19 pm
Forum: Personal Investments
Topic: Overloaded in Cali Munis- What to do?
Replies: 8
Views: 1383

how is trust income taxed? At your 15% marginal rate? Also you wrote "the value exceeds the quantity" - do you mean they have cap gains? A lot? Thanks for the reply. Yes, the trust is at 15% tax rate. Our income is minimal ($2200 per month via SSDI and rental income). Well, looking at the ledger of...
by JamaicaMeCrazy
Mon Dec 20, 2010 8:44 pm
Forum: Personal Investments
Topic: Overloaded in Cali Munis- What to do?
Replies: 8
Views: 1383

Overloaded in Cali Munis- What to do?

I have been helped in the past here with some helpful ideas and once again, I need some help/ideas as what to do/ where to proceed to. We have a trust and in this trust, we inherited quite a few Cali Muni Bonds (20 left) (Some state, some various cities, counties, etc). They are all T/E and carry a ...
by JamaicaMeCrazy
Sat Nov 21, 2009 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: advice needed on buying and installing the car radio
Replies: 21
Views: 3017

I have used Crutchfield before and was pleased. If you are really wanting to do this yourself, you can. I had a 1990 Accord, and replaced my factory radio pretty easily. A google search can get you to some Honda bulletin boards with info on doing it. There was an issue with some Honda's factory ster...
by JamaicaMeCrazy
Sat Dec 20, 2008 12:19 pm
Forum: Personal Investments
Topic: CA T/E Muni Bonds- Neep Help! Bond Experts (Larry, others)
Replies: 3
Views: 950

CA T/E Muni Bonds- Neep Help! Bond Experts (Larry, others)

Hi everyone. Well, I was able to transfer all of my portfolio from a managed brokerage account over to Vanguard and already completed the sale of all my individual stocks into an 80/20 mix of TSM and Total Int. That comprises 22 % of my portfolio. 3% is in a CA T/E MM. My concerns are with the remai...
by JamaicaMeCrazy
Wed Oct 15, 2008 1:54 pm
Forum: Personal Investments
Topic: Bond Experts Help Needed- How To Do This?
Replies: 11
Views: 3088

Value, patricia, duhmel and mike- Thanks for all the advice and answers. Just adds more reason to hang onto these bonds until they mature (and then deciding what do to AA wise then) over cashing out. I was able to find a few places that gave me the info when I typed in the CUSIP's. With that info, o...
by JamaicaMeCrazy
Tue Oct 14, 2008 9:27 am
Forum: Personal Investments
Topic: Bond Experts Help Needed- How To Do This?
Replies: 11
Views: 3088

If you don't need the money, I'd wait. You will pay a huge penalty to liquidate during this market. You can always revisit in a few months - things change rapidly and in a few months there may be a more stable market to move some of these out. Thanks for your explanation and I think I will wind up ...
by JamaicaMeCrazy
Tue Oct 14, 2008 9:10 am
Forum: Personal Investments
Topic: Moving Entire Portfolio To Vanguard! Suggestions Please?
Replies: 11
Views: 2596

Re: Moving Entire Portfolio To Vanguard! Suggestions Please?

Jamaica, No, you are not missing anything. The CA Muni market is very likely shut down given the recent developments in the State. I previously said that.... "unless you are prepared to sell at a discount" and could have easily said "unless you are prepared to get seriously hit." Didn't want to be ...
by JamaicaMeCrazy
Mon Oct 13, 2008 4:51 pm
Forum: Personal Investments
Topic: Bond Experts Help Needed- How To Do This?
Replies: 11
Views: 3088

Re: Bond Experts Help Needed- How To Do This?

Muni bonds are nearly illiquid at the best of times. These are the worst of times. You will struggle to sell and won't have much choice of what you can sell, and how much. No dealer is going to take these on its books without marking you down hugely in price (up in yield). I am afraid you are stuck...
by JamaicaMeCrazy
Mon Oct 13, 2008 4:42 pm
Forum: Personal Investments
Topic: Moving Entire Portfolio To Vanguard! Suggestions Please?
Replies: 11
Views: 2596

Landy- Thanks for the suggestions. It looks like I will need some outside help into figuring out if this is a good idea. Depending on the hit of selling them, it may be a better idea to just hold all of these bonds until maturity, then as they mature, get into the bond funds I desire. Unless I am mi...
by JamaicaMeCrazy
Mon Oct 13, 2008 10:57 am
Forum: Personal Investments
Topic: Moving Entire Portfolio To Vanguard! Suggestions Please?
Replies: 11
Views: 2596

Landy- thanks for the correction! :) It was my fault not placing the numbers in correct sequence. Thanks to you (and Laura) for making me aware of this. How would you suggest moving the bonds in my current portfolio into your reccommended portfolio? Since all have a 5% RMD, wouldn't it make sense to...
by JamaicaMeCrazy
Mon Oct 13, 2008 10:22 am
Forum: Personal Investments
Topic: Bond Experts Help Needed- How To Do This?
Replies: 11
Views: 3088

Bond Experts Help Needed- How To Do This?

Hi everyone- Thanks to those that answered my questions in my other thread (especially Laura and Landy). I am about to make my move to Vanguard, with only the phone call from Vanguard (saying they have my portfolio in kind) the only thing that awaits. That said...I have decided (unless somone can co...
by JamaicaMeCrazy
Sun Oct 12, 2008 12:43 pm
Forum: Personal Investments
Topic: Moving Entire Portfolio To Vanguard! Suggestions Please?
Replies: 11
Views: 2596

Landy and Laura- Thanks for the ideas. Very much appreciated. Others are welcomed to join in with any other ideas! Landy- I see that your totals keep me a little more in the equities eventually than where I would like my comfort level. After figuring that out, you have me roughly: 53% stocks 45% bon...
by JamaicaMeCrazy
Sat Oct 11, 2008 1:47 pm
Forum: Personal Investments
Topic: Moving Entire Portfolio To Vanguard! Suggestions Please?
Replies: 11
Views: 2596

Re: No need for details

jamaicamecrazy, Sorry for the delay in responding. There are a lot of messages these days. Your plan to consolidate is good. One tiny point about presentation style to note is that most of us list equity first followed by bonds in our desired asset allocation. That means you would want 30/70 not 70...
by JamaicaMeCrazy
Sat Oct 11, 2008 11:56 am
Forum: Personal Investments
Topic: Moving Entire Portfolio To Vanguard! Suggestions Please?
Replies: 11
Views: 2596

Re: OP. If needed, I can add each stock and bond holding that is in the portfolio now. I thought that since my objective is to liquidate the stock portion of the portfolio and put it into Vanguard funds, it wouldn't be needed. The same applies to the CA T/E Munis that are in the portfolio. I can pos...
by JamaicaMeCrazy
Fri Oct 10, 2008 1:55 pm
Forum: Personal Investments
Topic: Can't Transfer In Kind To Vanguard- Any Suggestions?
Replies: 15
Views: 4388

What a mess! So, I ask for the procedures to do so at the credit union and they tell me that they need the statement. No problem, I say. It will be here shortly. Then, they tell me that they only sign it for 100K or less. Bummer! Strike one! So, I call Wells Fargo, where I am a PMA client. What tha...
by JamaicaMeCrazy
Fri Oct 10, 2008 11:32 am
Forum: Personal Investments
Topic: Moving Entire Portfolio To Vanguard! Suggestions Please?
Replies: 11
Views: 2596

Moving Entire Portfolio To Vanguard! Suggestions Please?

Okay, in my other thread, I mentioned about the hassle of getting a Medallion signature guarantee to be able to change my managed brokerage account over to VG. Now that I completed that task, the IMPORTANT part of my mission starts. To figure out my AA and what VG funds to get into. The portfolio I ...
by JamaicaMeCrazy
Fri Oct 10, 2008 9:12 am
Forum: Personal Investments
Topic: Can't Transfer In Kind To Vanguard- Any Suggestions?
Replies: 15
Views: 4388

Update: Well, after making many calls and searching around and learning all about what a Medallion signature is (thanks to the many that responded), I finally got Wells Fargo to agree to doing it for us. The way the market has tumbled, it wasn't going to be too much longer for their 1M limit to be a...
by JamaicaMeCrazy
Thu Oct 02, 2008 9:35 am
Forum: Personal Investments
Topic: Can't Transfer In Kind To Vanguard- Any Suggestions?
Replies: 15
Views: 4388

Thanks everyone for the responses. They are very helpful. To answer some of the questions that were posed. 1. The amount of the portfolio is just over 1M. Wells Fargo (at least the local branch) told me that their limit for a Medallion sig is 1M. 2. There wouldn't be a way to just get a sig at WF w/...
by JamaicaMeCrazy
Wed Oct 01, 2008 9:33 pm
Forum: Personal Investments
Topic: Can't Transfer In Kind To Vanguard- Any Suggestions?
Replies: 15
Views: 4388

Can't Transfer In Kind To Vanguard- Any Suggestions?

Hi everyone. Well, the time is just about here when I will be able to transfer my current full service brokerage account from ______ (fill in the bank of any high ER brokerage house) over to Vanguard.All I am waiting on is our first statement to move ahead and do this(our first month with the assets...
by JamaicaMeCrazy
Mon Sep 22, 2008 10:42 am
Forum: Personal Investments
Topic: Transferring some asset to Vanguard, what's your experience?
Replies: 17
Views: 6608

I am about to transfer a managed brokerage account from______ (fill in the blank) over to Vanguard, and while talking to Brokerage Services, they also told me that I needed to get a Medallion signature guarantee. At first, I thought what a hassle. But as an earlier poster, I am glad that they do tak...
by JamaicaMeCrazy
Wed Sep 03, 2008 9:20 am
Forum: Personal Investments
Topic: Use Wells Fargo "Wells Trade" or Vanguard?
Replies: 20
Views: 3136

Disadvantage for Wells Fargo is that they don't offer the Admiral funds. With a 7 figure portfolio that would appear to be a deal breaker if you don't wish to use any ETF's. I am Wells Fargo client, but in your situation I would choose VG direct. You can't get Admiral shares at WellsTrade, but you ...
by JamaicaMeCrazy
Tue Sep 02, 2008 5:35 pm
Forum: Personal Investments
Topic: Use Wells Fargo "Wells Trade" or Vanguard?
Replies: 20
Views: 3136

Thanks to everyone that replied and all the helpful answers. Very much appreciated. It looks like IF I decide to just go from where the assets are now over to Vanguard instead of WF, it would cost me like $120 in trading the 15 additional stocks (15x$8 per trade) after the first 12 free stocks (as a...
by JamaicaMeCrazy
Tue Sep 02, 2008 10:10 am
Forum: Personal Investments
Topic: Use Wells Fargo "Wells Trade" or Vanguard?
Replies: 20
Views: 3136

Use Wells Fargo "Wells Trade" or Vanguard?

Hi all- As our time is about there in regards to being able to access our portfolio with the purpose of transferring our assets, one thing is certain...we are moving these over to Vanguard. The fees involved with this managed brokerage account (22K per year), along with the fact that we are able to ...
by JamaicaMeCrazy
Sun Aug 31, 2008 11:52 am
Forum: Personal Investments
Topic: Individual Bonds .vs Vanguard Bond Funds...Please Help?
Replies: 7
Views: 2177

Hope everyone is having a great weekend! Thanks to all who responded for giving me some answers regarding my scenario. I think once the portfolio is actually transferred into our names officially (maybe this coming week..fingers crossed), I will transfer all the bonds "in kind" to Vanguard and as th...
by JamaicaMeCrazy
Thu Aug 28, 2008 4:08 pm
Forum: Personal Investments
Topic: Individual Bonds .vs Vanguard Bond Funds...Please Help?
Replies: 7
Views: 2177

being Cali residents excludes us from tax complications? I've never lived in California, but don't you have to pay state income tax on dividends from out-of-state munis? Let me clarify in case I wasn't clear above. I assume: you live in California, you do not have to pay state income tax on dividen...
by JamaicaMeCrazy
Thu Aug 28, 2008 12:47 pm
Forum: Personal Investments
Topic: Individual Bonds .vs Vanguard Bond Funds...Please Help?
Replies: 7
Views: 2177

Thanks for the replies. It is greatly appreciated! duhmel1- Yes, we are at the 15% tax bracket and are Cali residents. Piper- so, being Cali residents excludes us from tax complications? Yes, being so heavily invested in state Muni's (especially this state-CA) is a concern. Then again, if it's the b...
by JamaicaMeCrazy
Thu Aug 28, 2008 10:17 am
Forum: Personal Investments
Topic: Individual Bonds .vs Vanguard Bond Funds...Please Help?
Replies: 7
Views: 2177

Individual Bonds .vs Vanguard Bond Funds...Please Help?

Hi all- I am anxiously awaiting the final okay to transfer our current portfolio (held somewhere else) over to Vanguard very soon. It's funny how the brokerage firm that holds it now is dragging their feet with this, as opposed to lightning quickness when it means to transact more fees anyway they c...
by JamaicaMeCrazy
Thu Aug 07, 2008 7:41 pm
Forum: Personal Investments
Topic: WellsTrade PMA / Brokerage accounts?
Replies: 72
Views: 18485

I have exactly $1.00 in my PMA checking account. It really makes me wonder, I am getting all these free trades in each account and WF is paying for it without making any money off me as I don't do anything else with WF. Eventually, the free ride should come to an end... I think. They don't have to ...
by JamaicaMeCrazy
Thu Aug 07, 2008 9:58 am
Forum: Personal Investments
Topic: WellsTrade PMA / Brokerage accounts?
Replies: 72
Views: 18485

Thanks for all the answers in this thread. Very imformative. We too, are PMA customers at WF and are about to take a deep breath and transfer the managed brokerage account (with individual stock (30 ish) and bond holdings (17 or so) ) we have at another financial institution over to WF and then sell...
by JamaicaMeCrazy
Tue Jul 08, 2008 10:03 am
Forum: Personal Investments
Topic: Several notches below a Beginner. Help please!
Replies: 11
Views: 2123

Hi Peachy- Well, you found a great place to learn here. I am sure many of us have had those very same concerns you are having now (myself included). Either way, being proactive and learning about your investments and YOUR financial decisions( and tolerance level as well as a sound asset allocation f...