Search found 1816 matches

by SlowMovingInvestor
Sun Jul 26, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Straight Talk Annuity
Replies: 93
Views: 5936

Re: Straight Talk Annuity

I am a person that does not regret being ensnared in the fixed annuity that I purchased in the 1980's with a $2,000 investment. It did have a front end load but it also pays a guaranteed minimum 4.5% return after any fees. I pretty much forgot about this until 7 years ago when I called and asked if...
by SlowMovingInvestor
Fri Jul 24, 2020 7:46 pm
Forum: Personal Investments
Topic: Fixed Rate Annuity
Replies: 20
Views: 1551

Re: Fixed Rate Annuity

The Blueprint site says Another key difference (with CDs) is that fixed annuities can be annuitized at the end of the contract term. I don't quite follow this. You can always buy a SPIA with a CD when it matures. So what is different between a fixed annuity and a CD in this respect ? Is it the case...
by SlowMovingInvestor
Fri Jul 24, 2020 6:45 pm
Forum: Personal Investments
Topic: Fixed Rate Annuity
Replies: 20
Views: 1551

Re: Fixed Rate Annuity

The Blueprint site says Another key difference (with CDs) is that fixed annuities can be annuitized at the end of the contract term. I don't quite follow this. You can always buy a SPIA with a CD when it matures. So what is different between a fixed annuity and a CD in this respect ? Is it the case ...
by SlowMovingInvestor
Thu Jul 23, 2020 7:00 pm
Forum: Personal Investments
Topic: Fixed Rate Annuity
Replies: 20
Views: 1551

Re: Fixed Rate Annuity

I purchased two MYGAs recently. A 3-yr at 3% (AM Best A-) and a 4-yr at 3.05 (AM Best A-). That 3-yr 3% MYGA is dropping to 2.5% on 7/28, so it might be too late to get into it, even if you wanted to. I am now considering the 5-yr 2.75% MYGA from Mutual of Ohama (AM Best A+). For the longer term MY...
by SlowMovingInvestor
Wed Jul 22, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 237
Views: 27296

Re: Just Bought an Annuity

This might push my purchase into next month, and I presume rates typically change at the end of the month ? I would prefer to buy through Schwab, but I don't want to get a lower rate simply because of this delay. When I worked for a life insurance company, we had a formal rate review process every ...
by SlowMovingInvestor
Wed Jul 22, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 237
Views: 27296

Re: Just Bought an Annuity

I was thinking of buying an annuity through Schwab and was told the first available phone appointment with the annuity team was in 8-9 days. This might push my purchase into next month, and I presume rates typically change at the end of the month ? I would prefer to buy through Schwab, but I don't w...
by SlowMovingInvestor
Sun Jul 19, 2020 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: BankDirect vs Bask
Replies: 9
Views: 587

Re: BankDirect vs Bask

The uncertainty around the future of any airline and the ability for them to alter the terms of or even cancel their frequent flyer program, not to mention my own reduced appetite for air travel makes me question the validity of comparing air miles to any amount of cash interest right now. AAdvanta...
by SlowMovingInvestor
Sat Jul 18, 2020 9:12 am
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 7312

Re: Fido Deferred Fixed Annuity

For a MYGA in your state, the limit would be $100k. That would be a cash surrender. If you owned a SPIA, you would be covered for up to $500k present value of benefits; that is, the purchase price today for the future benefits provided by the SPIA. Glad to hear that Barron’s likes your MYGA. :D Tha...
by SlowMovingInvestor
Sat Jul 18, 2020 8:13 am
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 7312

Re: Fido Deferred Fixed Annuity

My state's insurance guaranty association says With respect to any one insured individual, regardless of the number of policies or contracts, the Association will pay not more than $500,000 in life insurance death benefits and present value annuity benefits, including net cash surrender and net cash...
by SlowMovingInvestor
Fri Jul 17, 2020 6:29 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 7312

Re: Fido Deferred Fixed Annuity

Any gotchas I should look at when deciding which annuity to purchase ? So far I think these items are what I need to look at

1) AM Best and Credit rating of Insurer
2) Rate
3) Surrender Charges
4) Any extra benefits in the annuity (likely not too meaningful)

Anything else ?
by SlowMovingInvestor
Thu Jul 16, 2020 6:59 pm
Forum: Personal Consumer Issues
Topic: Can anyone identify this bird?
Replies: 12
Views: 876

Re: Can anyone identify this bird?

Have you tried Google Lens ?
by SlowMovingInvestor
Wed Jul 15, 2020 8:28 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 7312

Re: Fido Deferred Fixed Annuity

I noticed that Midland National Life Insurance Company, which is available at Schwab, has the same rate as North American Life (which I was looking at previously). Furthermore they have the same parent company, same credit rating etc. Can I assume that these are essentially the same annuity branded...
by SlowMovingInvestor
Wed Jul 15, 2020 7:32 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 7312

Re: Fido Deferred Fixed Annuity

I noticed that Midland National Life Insurance Company, which is available at Schwab, has the same rate as North American Life (which I was looking at previously). Furthermore they have the same parent company, same credit rating etc. Can I assume that these are essentially the same annuity branded ...
by SlowMovingInvestor
Wed Jul 15, 2020 6:23 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 7312

Re: Fido Deferred Fixed Annuity

Does it matter which annuity site you use (among the reputable ones) to purchase a MYGA ? Blueprint or Stan the Annuity man or ... ?

Once your annuity is setup, I presume you have no further relationship with the annuity site, but deal directly with the insurance company ?
by SlowMovingInvestor
Thu Jul 09, 2020 8:43 am
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 7312

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 SlowMovingInvestor
Wed Jul 08, 2020 7:12 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 7312

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 buyin...
by SlowMovingInvestor
Wed Jul 08, 2020 4:11 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 84
Views: 7312

Re: Fido Deferred Fixed Annuity

tj wrote: Thu Jun 11, 2020 6:50 pm 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 ?
by SlowMovingInvestor
Wed Jul 08, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 854
Views: 111102

Re: Best CD rates thread

How long do you have to fund a MYGA, and what are the logistics ? ACH transfer from bank ? I suppose it varies depending on the site one buys the annuity from ?
by SlowMovingInvestor
Fri Jul 03, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 854
Views: 111102

Re: Best CD rates thread

Various bonus offers give even much higher rates than 2%. For example say you had already FDIC limit in Capital One Performance Savings. I believe you'd still have qualified for their $450 bonus for new $50k deposit by existing customer, which comes out something like 4.6% pa (bonus plus the normal...
by SlowMovingInvestor
Thu Jul 02, 2020 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 854
Views: 111102

Re: Best CD rates thread

For now I am sticking with the 1.16% I am getting via my online savings account at SFGI. Until my next windfall (large CD maturing in 1/21), or until some great promo comes my way. I have a promo from Etrade bank that gets me 2% on my savings account till the end of the year. I was thinking of goin...
by SlowMovingInvestor
Thu Jul 02, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 854
Views: 111102

Re: Best CD rates thread

For now I am sticking with the 1.16% I am getting via my online savings account at SFGI. Until my next windfall (large CD maturing in 1/21), or until some great promo comes my way. I have a promo from Etrade bank that gets me 2% on my savings account till the end of the year. I was thinking of goin...
by SlowMovingInvestor
Thu Jul 02, 2020 1:31 pm
Forum: Personal Investments
Topic: Deferred Fixed Annuity vs Individual Bonds
Replies: 8
Views: 794

Re: Deferred Fixed Annuity vs Individual Bonds

Following up on this thread, a lot of MYGA rates have dropped (as have CD rates) But North American still offers a 3 year 2.40% MYGA, which is good. It's also rated as A+, which is not quite the A++ or MassMutual or New York Life, but still quite good. I presume I can't buy direct. Does it matter wh...
by SlowMovingInvestor
Wed Jul 01, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 854
Views: 111102

Re: Best CD rates thread

It seems like Kessler FCU has some good CD rates, but you have to be a resident of Louisiana or MS ?
by SlowMovingInvestor
Tue Jun 30, 2020 2:39 pm
Forum: Personal Investments
Topic: Buying I-bonds with tax refund
Replies: 10
Views: 877

Re: Buying I-bonds with tax refund

1. As long as your SSN is the one it's issued to (even if MFJ, one spouse is "lead" and the bond will come in their SSN) then you can deposit it to your account. You can hold bonds in your individual account that have other co owners on them. See TD instructions for how to do this I am not the 'lea...
by SlowMovingInvestor
Tue Jun 30, 2020 1:50 pm
Forum: Personal Investments
Topic: Buying I-bonds with tax refund
Replies: 10
Views: 877

Buying I-bonds with tax refund

I'm about to file my Fed refund and expecting a refund. I was thinking of using the refund to buy I-bonds. I do have a Treasury Direct account, but have never purchased I-bonds with my refund before. Here are the questions I have. 1) This is an MFJ return. I presume the I-bond will come back jointly...
by SlowMovingInvestor
Fri Jun 19, 2020 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge $900 preferred rewards brokerage bonus
Replies: 81
Views: 8058

Re: Merrill Edge $900 preferred rewards brokerage bonus

Also, is there any way this bonus can be attached to an existing account (just to save the hassle of getting another 1099) ? You can call and ask for a bonus on new money into an existing account. They did it for me. Just their regular Customer Support number ? I don't have a specific rep. And thei...
by SlowMovingInvestor
Fri Jun 19, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge $900 preferred rewards brokerage bonus
Replies: 81
Views: 8058

Re: Merrill Edge $900 preferred rewards brokerage bonus

Also, is there any way this bonus can be attached to an existing account (just to save the hassle of getting another 1099) ?
by SlowMovingInvestor
Fri Jun 19, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge $900 preferred rewards brokerage bonus
Replies: 81
Views: 8058

Re: Merrill Edge $900 preferred rewards brokerage bonus

A bit off topic here but since this is the most recent thread, it may get some answers. I've done the 900 bonus last year with a joint account so I assume I'll be able to do it with my rIRA as well. It's not that large to max out the bonus. Did you move out the money that gave you the $900 bonus af...
by SlowMovingInvestor
Tue Jun 16, 2020 4:53 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408312

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I see that Merrill Edge has 2 offers for new accounts https://www.merrilledge.com/cmaoffer $600 max (for $200K transfer). For purposes of this offer, qualifying net new assets are calculated by adding total incoming assets or transfers (including cash, securities and/or margin debit balance transfe...
by SlowMovingInvestor
Mon Jun 15, 2020 8:10 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408312

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I see that Merrill Edge has 2 offers for new accounts https://www.merrilledge.com/cmaoffer $600 max (for $200K transfer). For purposes of this offer, qualifying net new assets are calculated by adding total incoming assets or transfers (including cash, securities and/or margin debit balance transfer...
by SlowMovingInvestor
Mon Jun 08, 2020 5:54 am
Forum: Personal Investments
Topic: Deferred Fixed Annuity vs Individual Bonds
Replies: 8
Views: 794

Re: Deferred Fixed Annuity vs Individual Bonds

Lafayette Federal Credit Union seems to have a 3 year CD yielding 1.81%. You can't get more safety than an NCUA insured product. Of course, you have to be eligible to become a member. The site below is worth persuing. https://www.thebalance.com/best-three-year-cd-rates-4178602 I liked the 2nd one o...
by SlowMovingInvestor
Mon Jun 08, 2020 5:52 am
Forum: Personal Consumer Issues
Topic: Patio door glass replacement
Replies: 21
Views: 977

Re: Patio door glass replacement

The seal in our sliding door broke and it was superfoggy. Cost $400 to swap out the glass, keeping the existing frame. I used safety tempered glass. Thanks for all the responses I got a couple of quotes for around $550-$600 for patio door glass replacement. 63" X 27". But I am in a HCOL area. And t...
by SlowMovingInvestor
Sun Jun 07, 2020 7:25 pm
Forum: Personal Consumer Issues
Topic: Patio door glass replacement
Replies: 21
Views: 977

Re: Patio door glass replacement

There is no way a replacement door should cost $3,000. +1 I just replaced an entire sliding patio door including some water damage around the frame for less than $1,000. It was not a brand name like Anderson but it was still a good mid-range door. My quote was for a replacement of the entire patio ...
by SlowMovingInvestor
Sun Jun 07, 2020 6:43 pm
Forum: Personal Consumer Issues
Topic: Patio door glass replacement
Replies: 21
Views: 977

Re: Patio door glass replacement

Just a thought--Is it possible a bird flew into it? At certain times of day, the lighting/sun could be such that they can't see the glass. But they wouldn't be flying toward it if they saw a "blockage" inside, such as curtains, blinds, or a piece of furniture at the same height as point of impact. ...
by SlowMovingInvestor
Sun Jun 07, 2020 6:39 pm
Forum: Personal Investments
Topic: Deferred Fixed Annuity vs Individual Bonds
Replies: 8
Views: 794

Deferred Fixed Annuity vs Individual Bonds

I've been considering a Deferred Fixed Annuity as a replacement for a CD, and read the previous threads on this topic, including this one. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=313935 I still can't quite wrap my head around something -- I can get a 3 year deferred fixed annuity from M...
by SlowMovingInvestor
Sun Jun 07, 2020 6:21 pm
Forum: Personal Consumer Issues
Topic: Patio door glass replacement
Replies: 21
Views: 977

Re: Patio door glass replacement

Glass is very cheap. I had something similar happen to my patio double doors about 7 years ago. I think it was about 200 for the local glass shop to remove the double pane and replace with a new double pane. I'd take pictures, measure the dimensions, and email some local glass shops. If the door is...
by SlowMovingInvestor
Sun Jun 07, 2020 5:46 pm
Forum: Personal Consumer Issues
Topic: Patio door glass replacement
Replies: 21
Views: 977

Re: Patio door glass replacement

I don't really have the part number (Andersen doesn't make that door any more), but I think I may have an idea from looking up older doors they sold. They don't sell the glass, just one whole door (around $1000). With installation, I'm guessing that would be close to $1500 (assuming I can get an exa...
by SlowMovingInvestor
Sun Jun 07, 2020 5:35 pm
Forum: Personal Consumer Issues
Topic: Patio door glass replacement
Replies: 21
Views: 977

Patio door glass replacement

I have a sliding patio door. A few days back, the glass in one of the patio doors cracked (spiderweb of thin cracks, covering the entire glass). It's dual pane. Not clear what caused the glass to crack -- I don't see a thrown object or anything, but there does seem to be a vague pattern indicating i...
by SlowMovingInvestor
Fri Apr 24, 2020 10:28 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4896
Views: 936633

Re: What's Your Credit Card Rewards Strategy?

I have to pay a homeowners insurance bill. Does this fall under any category that could get me a bonus with BoA's Cash Rewards Card (where I can select my own bonus category) ? Online shopping or the like ?

Or maybe with some other card ?
by SlowMovingInvestor
Sat Apr 11, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping K-1s for IRA
Replies: 3
Views: 263

Re: Keeping K-1s for IRA

You do know that UBTI in an MLP does not usually rear its ugly head until you sell your position. At that time all the depreciation that allowed your UBTI to be negative will get recaptured and the result will usually be positive UBTI. Your IRA custodian will need all the K1 forms to determine how ...
by SlowMovingInvestor
Fri Apr 10, 2020 10:57 am
Forum: Investing - Theory, News & General
Topic: Is it possible to lose money in VMMXX?
Replies: 8
Views: 777

Re: Is it possible to lose money in VMMXX?

https://www.federalreserve.gov/monetary ... f-faqs.pdf

This is the liquidity facility provided by the Fed for commercial paper, short term munis etc. held by MMFs.
by SlowMovingInvestor
Fri Apr 10, 2020 10:05 am
Forum: Investing - Theory, News & General
Topic: Is it possible to lose money in VMMXX?
Replies: 8
Views: 777

Re: Is it possible to lose money in VMMXX?

Corsair wrote: Fri Apr 10, 2020 10:03 am Junk bond holders will not lose $ thanks to the Fed and you're worried about a money market fund? :mrgreen:
The Fed is only providing liquidity, right ? No guarantee that you won't lose $$.
by SlowMovingInvestor
Fri Apr 10, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Keeping K-1s for IRA
Replies: 3
Views: 263

Keeping K-1s for IRA

I hold some MLPs in my IRA, and I've received K-1s for them. I checked box 20, code V for them, and the total is < $100, well below the $1000 threshold for UBTI reporting. Do I need to keep copies of the K-1s (only paper), and I don't feel like scanning them in) for 3 years or more or can I just shr...
by SlowMovingInvestor
Thu Apr 09, 2020 1:56 pm
Forum: Personal Investments
Topic: REITS, Private Equity Firms, Junk Bond ETFs
Replies: 1
Views: 239

REITS, Private Equity Firms, Junk Bond ETFs

I have some holdings in residential REITS, listed private equity firms (Apollo, Carlyle), some junkish bond ETFs etc. in my IRA, mostly to provide some minor diversification in unusual market sectors. High yield, but they've been badly hit in the latest downturn (junk bond much worse than regular bo...
by SlowMovingInvestor
Thu Apr 09, 2020 1:43 pm
Forum: Personal Investments
Topic: Tax Loss Harvest FSKAX for ITOT?
Replies: 8
Views: 372

Re: Tax Loss Harvest FSKAX for ITOT?

I have some FZROX (Fidelity Zero Total Market), and was wondering about the same thing.

As it happens, it's not underwater any more, so it's moot for the nonce.
by SlowMovingInvestor
Tue Mar 31, 2020 11:42 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 7275

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

Just wondering -- the Fed is backstopping even regular MMs now, so they are safe as Treasury MMs ? Or is the Fed merely providing liquidity to MMs -- if a particular borrower fails, the fund will still have to bear the loss and may break the bank ?
by SlowMovingInvestor
Thu Mar 05, 2020 10:02 pm
Forum: Investing - Theory, News & General
Topic: Lost 23K on Monday
Replies: 97
Views: 9265

Re: Lost 23K on Monday

For some 401k providers such as Fidelity, you can do a near in kind transfer from 401k to Rollover IRA. If the fund in your 401k isn't available in Fidelity's regular IRA accounts (say it's an institutional class funds), they will transfer the money to a similar fund without your being out of the ma...
by SlowMovingInvestor
Sat Feb 29, 2020 4:56 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 54
Views: 9337

Re: Chase YouInvest cost basis method

Has anyone received a 1099-B from Chase for sales/purchases made in the year ? Or 1099-Divs for that matter ? Just curious how well 1099 reporting is working for YouInvest (this is one of my major concerns with a new brokerage). I received 1099-DIV and it was fine. I think it was made available onl...
by SlowMovingInvestor
Sat Feb 22, 2020 8:23 am
Forum: Personal Investments
Topic: Cash at Fidelity
Replies: 28
Views: 3512

Re: Cash at Fidelity

Edit: I also wanted to add that I don't think it's a good idea to hold a lot of cash you don't plan on spending. It's an alpha seeking strategy which is generally frowned upon. I agree with that intellectually, but I find it hard to buy bonds with longer durations when I'm getting almost nothing mo...
by SlowMovingInvestor
Sat Feb 22, 2020 8:19 am
Forum: Non-US Investing
Topic: Investing in India
Replies: 5
Views: 723

Re: Investing in India

Does index investing even work in Indian market conditions, given that mutual funds have been beating Indian index funds for decades? What about in recent years (1-3-5) ? also, while the very successful funds are hailed, I am sure there are others that fail and get shut down or merged. Also fees --...