Search found 3099 matches

by MikeG62
Sat Sep 19, 2020 7:24 am
Forum: Personal Finance (Not Investing)
Topic: The WR in practice [Withdrawal Rate]
Replies: 67
Views: 3980

Re: The WR in practice [Withdrawal Rate]

Thank you! Appreciate these links. So it looks like I'm planning the "Constant-dollar" where my income will always be 35k (plus an inflation adjustment). Therefore going forward I will NOT be taking 3.5% of the portfolio, but rather just 35k ever year. Is that right ? Sorry if this is quite a dumb ...
by MikeG62
Sat Sep 19, 2020 6:59 am
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4021

Re: Brokered CDs from Vanguard.

I had been buying only direct CDs since late 2010, but there was a period in Q1 2018 when brokered CDs offered competitive rates, and at the time it was more convenient to transfer proceeds from maturing direct CDs into brokered CDs at Vanguard and Fidelity, reducing the number of active accounts w...
by MikeG62
Sat Sep 19, 2020 6:48 am
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4021

Re: Brokered CDs from Vanguard.

Just to complete the discussion. Regarding the $70K CD (3% Matures 06/28/21) I discussed earlier, I sold that today at 102.088, yield to worst of .263. I can invest the proceeds locally at 0.9% for one year. I did not buy these brokerage CD's with the intent to sell early. I buy most of my CD's loc...
by MikeG62
Sat Sep 19, 2020 6:25 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2483
Views: 408042

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

...What's the best deal right now for moving ~$250k in taxable to some place reputable? How about the Chase Private Client bonus offer - $2,000 for moving in $250K? https://accounts.chase.com/consumer/banking/online/chaseprivateclient?jp_cmp=rb/663227/aff/3_130/na&CODE=_25W99.z0tQ-_OjZkiFkCmF_iCuYQ...
by MikeG62
Fri Sep 18, 2020 9:52 am
Forum: Investing - Theory, News & General
Topic: Books/websites for a 12 year old to learn about investing
Replies: 14
Views: 844

Re: Books/websites for a 12 year old to learn about investing

I've read several dozen books on investing. Probably the best and easiest to understand from a newbie's perspective is Larry Swedroe's, Wise Investing Made Simple . I've bought and given Wise Investing Made Simple to a number of close relatives. Probably the best single book if I had to recommend on...
by MikeG62
Fri Sep 18, 2020 9:45 am
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4021

Re: Brokered CDs from Vanguard.

Many thanks Kevin! More capital gains might take me over one of those dreaded cliffs. again... As is typically the case, there is no one right answer that applies to everyone universally. Individual circumstances always come into play as you rightly point out. What I saw for bid quotes was in line ...
by MikeG62
Thu Sep 17, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: What one Book to read about personal finance?
Replies: 40
Views: 2521

Re: What one Book to read about personal finance?

I am trying to get my daughter and son-in-law to understand the importance of investing early, what one book could I buy for them to help them understand, something that a beginner could grasp and understand? I've read several dozen books on investing. Probably the best and easiest to understand fr...
by MikeG62
Thu Sep 17, 2020 2:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2483
Views: 408042

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I am thinking about doing another brokerage transfer bonuses. I have done it twice in the past. All the basis were transferred without any problem. But I am still a little concerned about losing the basis. Has anyone had problem with transferring the basis? By regulation, they have to maintain cost...
by MikeG62
Thu Sep 17, 2020 2:05 pm
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4021

Re: Brokered CDs from Vanguard.

I did call Vanguard Brokerage and rec'd a bid at the high range that I saw on the screen. Thanks for that suggestion. It was a learning experience for me. I sold a different CD than discussed above. I came out a few hundred dollars ahead as long as i invest the money at min 0.7%. I also exchanged s...
by MikeG62
Thu Sep 17, 2020 8:21 am
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4021

Re: Brokered CDs from Vanguard.

Thanks Mike and Kevin. Normally I would not look at this sort of sell but at today's interest rates every little bit helps. My marginal tax rate will be 22 or 24% so when I can exchange that for 15% CG rate it is a little edge. But at the numbers Kevin notes it does not look good. Interestingly, I ...
by MikeG62
Wed Sep 16, 2020 9:01 am
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4021

Re: Brokered CDs from Vanguard.

Never sold a CD. How does this work ? If I have $70K of this particular brokerage CD, does this mean it would probably sell for at least $71,287 ($70K * 1.01839)? I know I'd only come out a little ahead by maturity. Thanks Qty. bid/ask Min. qty. bid/ask CUSIP Issue Maturity Price bid/ask Yield to w...
by MikeG62
Wed Sep 16, 2020 8:40 am
Forum: Personal Investments
Topic: Whether to lapse term life insurance
Replies: 21
Views: 1423

Re: Whether to lapse term life insurance

I'm going to go against the grain here. Yes, it's a good value - no denying that. However, the overarching principal of life insurance is income replacement of the insured. If income does not need to be replaced, then there is no need to purchase the insurance. I'd seriously consider cancelling the ...
by MikeG62
Wed Sep 16, 2020 7:37 am
Forum: Personal Finance (Not Investing)
Topic: new car - 0% interest loan ?
Replies: 27
Views: 1745

Re: new car - 0% interest loan ?

You have three scenarios: (1) pay cash, (2) take the 0% loan, (3) finance through the dealer, at an interest rate higher than 0%. Can you ask the dealer if the bottom-line price would be the same for each of the three options? Sometimes the dealer has trade-offs; something like you can either get t...
by MikeG62
Tue Sep 15, 2020 7:48 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2483
Views: 408042

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Apparently TDA still has an offer despite the Schwab acquisition: https://www.tdameritrade.com/offer/2500/index.html The offer is valid for one new Individual, Joint, or IRA TD Ameritrade account opened by 12/31/20 and funded within 60 calendar days of account opening. To receive $350 bonus, accoun...
by MikeG62
Mon Sep 14, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity CC declined, they deny declining
Replies: 41
Views: 3573

Re: Fidelity CC declined, they deny declining

Two different merchants, once each attempted to put information into web order, then tried a phone order with one of the merchants, all declined. Called Fidelity (UMB) they stated that they did not decline anything, have no record of anyone attempting to get approval. It does seem that my wife was ...
by MikeG62
Mon Sep 14, 2020 8:57 am
Forum: Personal Investments
Topic: Chasing CD rates.
Replies: 9
Views: 1228

Re: Chasing CD rates.

Not sure if you'd be willing to spread the money among different institutions but there are a number of credit unions out there with CD rates above 1%. I use https://www.depositaccounts.com/ to follow rates. . . +1. You’ve got to look around and be prepared to move quick if you find an attractive r...
by MikeG62
Mon Sep 14, 2020 8:08 am
Forum: Personal Investments
Topic: Chasing CD rates.
Replies: 9
Views: 1228

Re: Chasing CD rates.

Not sure if you'd be willing to spread the money among different institutions but there are a number of credit unions out there with CD rates above 1%. I use https://www.depositaccounts.com/ to follow rates. . . +1. You’ve got to look around and be prepared to move quick if you find an attractive r...
by MikeG62
Sun Sep 13, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason not to cash out a small nuisance IRA?
Replies: 12
Views: 845

Re: Any reason not to cash out a small nuisance IRA?

atikovi wrote: Sun Sep 13, 2020 1:35 pm This is the only IRA I have.
Can you roll it into your current workplace 401k plan?
by MikeG62
Sun Sep 13, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Credit card/united air miles
Replies: 6
Views: 594

Re: Credit card/united air miles

These are chase ultimate reward points so I can transfer to United 1:1 or take cash. I was leaning towards the cash but hope 400k points will be enough for 2 business class tickets somewhere (think we want to try Asia). Just don’t know if we should book now for next fall. I’m about to find out if t...
by MikeG62
Sun Sep 13, 2020 8:15 am
Forum: Personal Finance (Not Investing)
Topic: how to decide whether to self-insure LTC or buy insurance?
Replies: 10
Views: 906

Re: how to decide whether to self-insure LTC or buy insurance?

I just read another post on LTC insurance increase premiums and made me wonder the question. I've never bought LTC as it always seemed too distant, too many contingencies and just too much subject to the usual insurance game. So, curious if others have found a way to more analytically answer this q...
by MikeG62
Sat Sep 12, 2020 6:35 am
Forum: Personal Finance (Not Investing)
Topic: HM Bradley savings plan 3% APY
Replies: 28
Views: 3190

Re: HM Bradley savings plan 3% APY

Seems one could achieve the Tier 1 rate by simply directing a small $ amount of their paycheck (i.e., no need to deposit entire paycheck) to this HMB account and not withdrawing any or much of it. Then once qualifying for the Tier 1 rate (at end of first full calendar quarter after making the intial...
by MikeG62
Fri Sep 11, 2020 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Reduce our mortgage rate for 12 month CD?
Replies: 8
Views: 698

Re: Reduce our mortgage rate for 12 month CD?

Going to be closing soon on our no cost refi, 15 year at 2.75%. Our mortgage broker reached out to us yesterday with an offer to reduce to 2.625 if we opened a $25k 12 month CD earning essentially nothing (~0.1%). Mortgage amount is $700k, home value $1.2M on recent appraisal. Won’t be in major rus...
by MikeG62
Fri Sep 11, 2020 9:02 am
Forum: Personal Investments
Topic: merrill edge brokerage bonus ME1000
Replies: 13
Views: 1292

Re: merrill edge brokerage bonus ME1000

... Found this from Brokerage-Review.com website: " Keep in mind that Merrill Edge charges $49.95 to close a retirement account. The broker does not charge anything to close a taxable account . Transferring a full account of any type incurs a $49.95 fee , although it’s not charged in addition to a ...
by MikeG62
Fri Sep 11, 2020 8:39 am
Forum: Personal Investments
Topic: merrill edge brokerage bonus ME1000
Replies: 13
Views: 1292

Re: merrill edge brokerage bonus ME1000

One question I'd have for anyone with experience with Merrill Edge bonuses is what I should do at the end of the bonus? I see that partial transfers are free, but full transfers/account closure has a fee of $50. I'd be inclined to just do a partial transfer and leave a small amount in the account t...
by MikeG62
Fri Sep 11, 2020 6:48 am
Forum: Personal Investments
Topic: merrill edge brokerage bonus ME1000
Replies: 13
Views: 1292

Re: merrill edge brokerage bonus ME1000

Anyone know what the CMA account pays in interest? Is it FDIC? Probably near zero. If you want to pursue this, transfer securities "in kind" from another broker and leave them at ME for at least the required holding period. I opened two accounts at ME this winter (a CMA and an IRA). Earned one bonu...
by MikeG62
Thu Sep 10, 2020 5:19 pm
Forum: Personal Investments
Topic: Is it Possible to Opt-out of Fidelity Premium Services?
Replies: 37
Views: 3982

Re: Is it Possible to Opt-out of Fidelity Premium Services?

...I wish I could Opt-Out of the "Premium Services" and remove some advisor name from appearing over my accounts. I could probably call and request this, but for now I'll leave things be. OP, this happened to me some 20 years ago with Fidelity. I believe it was for the same reason as you - my asset...
by MikeG62
Wed Sep 09, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 1.7%]
Replies: 210
Views: 28556

Re: [Marcus Savings Account - Interest rate is now 1.7%]

Marcus OLS account rate now at 0.60% (or 0.70% for AARP members). :(
by MikeG62
Wed Sep 09, 2020 10:02 am
Forum: Personal Investments
Topic: Intermediate Term Bond Index Funds - Taxable vs. Tax-Exempt Yields
Replies: 6
Views: 729

Re: Intermediate Term Bond Index Funds - Taxable vs. Tax-Exempt Yields

Understood - the less risky bond funds did better this difficult year and so the Intermediate-Term taxable (treasury) Fund performed much better that the Intermediate-Term tax-exempt (muni) Fund. But I am hoping to get opinions from other Bogleheads as to which Intermediate fund to put cash in NOW....
by MikeG62
Wed Sep 09, 2020 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund Question
Replies: 11
Views: 963

Re: Emergency Fund Question

Assuming having $100,000 in an emergency fund makes sense for you, I would either put it all in the Marcus online savings account or split between Marcus and a CD. Problem is finding a CD with a yield spread above the Marcus OLS account large enough to justify the CD lock up period may take some lo...
by MikeG62
Wed Sep 09, 2020 7:28 am
Forum: Personal Investments
Topic: Fidelity Short Term Treasury Bond Index - Help me Understand
Replies: 12
Views: 1007

Re: Fidelity Short Term Treasury Bond Index - Help me Understand

Are sure you received no payment? Fidelity shows it paid $0.0103 per share on 8/31, which should have been about 56 cents for you. . Where did you find the above information ? For me, I can open the fideity app and search for the fund, click something like “get quote” and you can scroll down to see...
by MikeG62
Wed Sep 09, 2020 7:13 am
Forum: Personal Finance (Not Investing)
Topic: A tip: Property tax payment by Credit Card
Replies: 10
Views: 2372

Re: A tip: Property tax payment by Credit Card

lws wrote: Tue Sep 08, 2020 2:19 pm My county will do an ACH transfer from your checking account.
Mine does too and it's how I pay my RE taxes. Although they charge $1.05 "convenience fee". Guess they'd rather have to deal with paper checks :o
by MikeG62
Wed Sep 09, 2020 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund Question
Replies: 11
Views: 963

Re: Emergency Fund Question

Hi everyone, Looking to establish an emergency fund of $100,000. $75,000 in cash (Marcus savings account, currently 0.80% APY. $25,000 in VFISX (Short Term Treasury Fund Investor Shares) 1) What are your thoughts on this ratio? 2) Do you think a percentage of the cash portion should be placed in a ...
by MikeG62
Tue Sep 08, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Dog Bite Case (for real - and I own the dog)
Replies: 56
Views: 7655

Re: Dog Bite Case (for real - and I own the dog)

DarkHelmetII wrote: Tue Sep 08, 2020 7:31 pm My vote is to handle through insurance. My concern is that otherwise you may miss something opening yourself up to significantly greater liability.

My 2 cents.
Agree with this advice.
by MikeG62
Tue Sep 08, 2020 8:56 am
Forum: Investing - Theory, News & General
Topic: Hedging interest rate risk?
Replies: 31
Views: 2153

Re: Hedging interest rate risk?

...I'd rather take advantage of anomalies like direct CD rates... ^This is what I have been doing (instead of increasing exposure to bonds). I've not been selling bond funds per se (although I did liquidate all of my holdings in ICSH in late February as I become concerned about commercial paper). I...
by MikeG62
Tue Sep 08, 2020 8:48 am
Forum: Personal Investments
Topic: Changing allocation, but too much capital gain
Replies: 14
Views: 844

Re: Changing allocation, but too much capital gain

Not a lot of details to go on in your post. Would be helpful to know the dollars you are talking about in your taxable as well as tax deferred accounts (and your AA in the tax deferred account). Seems the 75% is just looking at the taxable account. Is that right? What is it overall. Having said that...
by MikeG62
Mon Sep 07, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: Where do you put cash now? Vanguard's Prime Money Market is too low!
Replies: 80
Views: 14043

Re: Where do you put cash now? Vanguard's Prime Money Market is too low!

Where do you put your cash right now? Vanguard's Prime Money Market is giving only .04 yield right now. Thanks! Assume you are referring to very liquid S/T cash (and not money that could be invested in CD's). In that case, I use no-penalty CD's and online savings accounts. MMF yields are awful. Thi...
by MikeG62
Mon Sep 07, 2020 8:27 am
Forum: Investing - Theory, News & General
Topic: Farewell Yield: Jonathan Clements' short-term bond barbell
Replies: 36
Views: 3161

Re: Farewell Yield: Jonathan Clements' short-term bond barbell

I'm curious to hear what the many knowledgeable posters here think about Jonathan Clements' decision to go all-short and all-Treasury with his fixed income: "<snip> ... I sold my short-term corporate fund and replaced it with a short-term government fund. In other words, all my bond money is now in...
by MikeG62
Mon Sep 07, 2020 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel Husband's Term Insurance?
Replies: 41
Views: 3351

Re: Should I Cancel Husband's Term Insurance?

When did you decide to cancel your term life insurance? It's $200/month for $3 million in coverage. We can swing it, but we probably have enough to pay for all kids college, my retirement, house, medical care etc. Husband and I are in our early forties/late thirties. Am I being penny wise, pound fo...
by MikeG62
Sun Sep 06, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: What Method of paying cash for car: EFT vs check?
Replies: 31
Views: 1869

Re: What Method of paying cash for car: ECF vs check?

Done this a number of times from a number of different dealers. Dealers always accepted a personal check from me. Brother has bought several cars from the same dealer (over 15+ years) and always been told he needed to bring a bank check. I'd start by telling them you plan to pay by personal check an...
by MikeG62
Sun Sep 06, 2020 8:27 am
Forum: Personal Investments
Topic: Help calculate CAGR
Replies: 44
Views: 1970

Re: Help calculate CAGR

See here for CAGR: https://www.investopedia.com/ask/answers/071014/what-formula-calculating-compound-annual-growth-rate-cagr-excel.asp Shortcut to excel formula: =(ending balance / beginning balance)^(1/number of years)-1 This formula ignores regular contributions. A simple solution is to add all c...
by MikeG62
Sun Sep 06, 2020 8:24 am
Forum: Personal Investments
Topic: [Where can I put my cash (taxable)? What if I get sued?]
Replies: 8
Views: 1162

Re: [Where can I put my cash (taxable)? What if I get sued?]

Unless you are doing things which expose you to a greater risk of being sued than the average person, I would not let the risk of being sued (and actually having a judgement against you) dictate the form of account ownership. Most risks of being sued can be insured against (homeowners/renters insura...
by MikeG62
Sun Sep 06, 2020 8:16 am
Forum: Personal Investments
Topic: Muni as part of FI
Replies: 8
Views: 835

Re: Muni as part of FI

OP, muni's pretty significantly overbought these days. Yields not all that inspiring. See here: https://www.fmsbonds.com/market-yields/ They did improve a bit in the last week though. Plus, potentially higher risk now than pre-pandemic given what has happened to state and local finances as a result ...
by MikeG62
Sun Sep 06, 2020 7:59 am
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5898

Re: Convincing teenager to invest in Roth

...But I think there must be the right combination of words that will give him the aha moment. When you find those words let me know. I have two young adult daughters (oldest is 27 and youngest is 24). The oldest has pretty close to zero interest in learning about investing. She will pretty do what...
by MikeG62
Sun Sep 06, 2020 7:38 am
Forum: Personal Investments
Topic: Help calculate CAGR
Replies: 44
Views: 1970

Re: Help calculate CAGR

I've been using Quicken to track my finances since my first real job in 1999, and have 20 years of very accurate data. But for some reason, I can't calculate my average returns accurately. The reports included in Quicken provide clearly incorrect results. I'm not looking for perfect accuracy, but i...
by MikeG62
Sun Sep 06, 2020 7:32 am
Forum: Personal Investments
Topic: How Are CD Ladders Used in Retirement
Replies: 14
Views: 1927

Re: How Are CD Ladders Used in Retirement

I have many CD's of varying term and yield. First, I consider CD's as part of the short-end of our fixed income exposure, and in that regard, I use ladders largely to hedge the risk of changes in future interest rates. For example, if I only bought 5-year CD's (at current rates that may be as low as...
by MikeG62
Sun Sep 06, 2020 6:56 am
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5663

Re: What is PenFed good at?

Agree with others, they "used to" have competitive CD rates (I had a few CD's with Pen Fed myself that matured 4-5 years ago), but not anymore. I had a HELOC with Pen Fed, but I closed that years ago. They also used to have competitive mortgage rates. I referred two of my friends to Pen Fed years ag...
by MikeG62
Fri Sep 04, 2020 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice
Replies: 15
Views: 2044

Re: Career Advice

Thank you for the thoughts ShowMeTheER and Watty! As far as going back, I think staying 3 to 5 years would make it the most beneficial amount of time for me to get more experience to where I could leave for a CFO role and it also is a long enough period of time where it doesn't make it seem like my...
by MikeG62
Thu Sep 03, 2020 1:20 pm
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4021

Re: Brokered CDs from Vanguard.

For simplicity, I am ignoring the compounding of interest on the interest (assuming the interest is being reinvested in the CD in the first place I believe that for brokered CDs it is not possible to reinvest interest payments back into the (same) CD anyway. Ok good to know. Thanks for clarifying t...
by MikeG62
Thu Sep 03, 2020 12:29 pm
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4021

Re: Brokered CDs from Vanguard.

Okay, thanks for replies. Here is three examples of my brokered cd portofolio 100,000 at 2.80% Bought 2/14/18 Maturity 2/14/25 Discover bank now at $110,000 70,000 at 2.75% Bought 6/26/19 Maturity 6/26/29 Discover Bank now at $82,200 100,000 at 2.95% bought 5/22/19 maturity 5/22/29 Goldman Sachs at...
by MikeG62
Thu Sep 03, 2020 9:00 am
Forum: Personal Investments
Topic: Merrill Edge customer service
Replies: 9
Views: 620

Re: Merrill Edge customer service

Has ME customer service gotten worse in the last year? I used to get someone on the phone in less than two minutes. Now, it is a 5-7 minute wait. The CSR's may well be working from home. In my experience this has lengthened the response time at many financial institutions. I personally would not re...