Buying a new car in an emergency, eh? If I suddenly needed a car last Friday, I would have rented one.lthenderson wrote: ↑Wed Sep 06, 2023 8:35 am I'm sure mileages may vary but our credit cards wouldn't have a big enough limit to say buy a new car in a pinch, nor would our dealer take a credit card without charging us a percentage of the total in fees. But I could transfer money out of my savings into my checking account and write a check for a new car in a matter of minutes. I could do something similar with a money market but it might take a day or two to complete the entire transaction and it might even take longer if on a holiday weekend.
Search found 3921 matches
- Wed Sep 06, 2023 12:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Alternatives to Chase traditional savings accounts for “Emergency Funds”
- Replies: 50
- Views: 4598
Re: Alternatives to Chase traditional savings accounts for “Emergency Funds”
- Tue Sep 05, 2023 3:02 pm
- Forum: Investing - Theory, News & General
- Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
- Replies: 7770
- Views: 1352085
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
How did they target you? Website, email, other?whodidntante wrote: ↑Tue Sep 05, 2023 2:11 pm I just did a targeted Chase brokerage bonus. Added 200k to an existing account for $625. Public got the bad news about my disloyalty.
- Tue Sep 05, 2023 10:37 am
- Forum: Personal Finance (Not Investing)
- Topic: Alternatives to Chase traditional savings accounts for “Emergency Funds”
- Replies: 50
- Views: 4598
Re: Alternatives to Chase traditional savings accounts for “Emergency Funds”
AFAIK, Chase's self-directed investing platform offers Vanguard money market funds with no fees. You'll end up with the same next-day availability as at Vanguard or other brokerages, though.
Edit: If you want to read what others do, use the search functionality because this topic has been covered many times. Speaking personally, we don't keep a dedicated emergency fund in cash because of sufficient incomes, assets, and credit lines.
Edit: If you want to read what others do, use the search functionality because this topic has been covered many times. Speaking personally, we don't keep a dedicated emergency fund in cash because of sufficient incomes, assets, and credit lines.
- Tue Sep 05, 2023 10:33 am
- Forum: Personal Investments
- Topic: Fidelity Equivalent to Vanguard Life Strategy Funds
- Replies: 6
- Views: 1432
Re: Fidelity Equivalent to Vanguard Life Strategy Funds
If you'd prefer low-cost index funds, you might also consider the iShares asset allocation ETFs: https://www.ishares.com/us/products/etf ... 89%7C43619
- Tue Sep 05, 2023 10:28 am
- Forum: Personal Finance (Not Investing)
- Topic: Sell the house and FIRE now?
- Replies: 63
- Views: 7437
Re: Sell the house and FIRE now?
OP is currently working. Would they have to replicate the commute and Megacorp bureaucracy, too?Wanderingwheelz wrote: ↑Mon Sep 04, 2023 11:04 am I might have it wrong, but I thought FIRE was replacing the lifestyle your family is already living, free of any earned income.
- Mon Sep 04, 2023 6:38 pm
- Forum: Personal Investments
- Topic: Torn between ETrade vs Schwab
- Replies: 7
- Views: 1264
Re: Torn between ETrade vs Schwab
AFAIK, Schwab has always done a hard pull for a new relationship.
I can lock my Schwab Bank debit card from the app and website. No idea why you would even want one for your brokerage account when you can enable self-funded overdraft to have checking pull from brokerage.
I can lock my Schwab Bank debit card from the app and website. No idea why you would even want one for your brokerage account when you can enable self-funded overdraft to have checking pull from brokerage.
- Mon Sep 04, 2023 12:22 pm
- Forum: Investing - Theory, News & General
- Topic: What Fraction of Retirement Assets in TIPS Ladder?
- Replies: 80
- Views: 13871
Re: What Fraction of Retirement Assets in TIPS Ladder?
^ To extend that, I recommend reading through grok87's series on LMPs because it illuminated the value of a TIPS ladder for me: https://www.bogleheads.org/wiki/Grok%27 ... _portfolio
- Fri Sep 01, 2023 12:11 pm
- Forum: Personal Investments
- Topic: Decision factors for holding or selling RSU and ESPP
- Replies: 34
- Views: 2874
Re: Decision factors for holding or selling RSU and ESPP
But, given that our company stock has doubled over the last 2 years, I would have lost a lot of money if I would have sold the stocks. Among the arguments not to sell company stock, "it went up a lot recently" is one of the worst. Just ask the folks working for COVID high-flyers who decided to use their income to double-down on their company's overvaluation. My company's stock halved in the last two years. I would have lost a lot of money if I hadn't sold my RSUs. 2. How do you stick to your decision when you keep selling RSUs / ESPPs but the stock keeps going up ? Read some books on behavioral finance. In particular, Annie Duke's Thinking In Bets provides a good framework for thinking about this: evaluate decisions on the basis ...
- Thu Aug 31, 2023 6:54 pm
- Forum: Investing - Theory, News & General
- Topic: "Market Timing: Sin a Little" - Cliff Asness, Antti Ilmanen, Thomas Maloney
- Replies: 28
- Views: 3706
Re: Sin a Little
I fixed the link above to restrict the search to "site:bogleheads.org". When copying over, I forgot to swap in the clean URL for Google's nasty one, which includes "site%3Abogleheads.org" and produces the unrestricted Google SERP that you saw. There are more examples than that one thread.ResearchMed wrote: ↑Thu Aug 31, 2023 6:45 pm Here is a direct link to the specific 2021 BH thread that shows up in the Google search.
viewtopic.php?t=352948
RM
- Thu Aug 31, 2023 6:12 pm
- Forum: Investing - Theory, News & General
- Topic: "Market Timing: Sin a Little" - Cliff Asness, Antti Ilmanen, Thomas Maloney
- Replies: 28
- Views: 3706
Re: Sin a Little
You should ask Cliff how his strategies have done since 2015.
But this has definitely been discussed previously.
But this has definitely been discussed previously.
- Thu Aug 31, 2023 12:02 pm
- Forum: Personal Investments
- Topic: 2 really dumb questions about selling VG mutual fund for LTCG
- Replies: 7
- Views: 618
Re: 2 really dumb questions about selling VG mutual fund for LTCG
And you can put the order in today after 4 pm EDT to sell Friday.
OP, what does Vanguard report for your holding period right now? I'm curious if they make the change after one year, or after one year plus one day.
OP, what does Vanguard report for your holding period right now? I'm curious if they make the change after one year, or after one year plus one day.
- Thu Aug 31, 2023 11:24 am
- Forum: Personal Finance (Not Investing)
- Topic: Is now a good time to buy in San Francisco
- Replies: 35
- Views: 6836
Re: Is now a good time to buy in San Francisco
If you're asking Bogleheads for advice on market-timing with an asset you aren't familiar with, the answer is pretty clearly "no".
- Tue Aug 29, 2023 6:21 pm
- Forum: Personal Finance (Not Investing)
- Topic: question on Safe Harbor 110%
- Replies: 12
- Views: 1251
Re: question on Safe Harbor 110%
You're going to hit the Safe Harbor via withholding? Set the extra money aside in a money market fund or T-bill or CD, and enjoy the opportunity to earn a bucket of points/miles.
- Tue Aug 29, 2023 5:43 pm
- Forum: Personal Investments
- Topic: Married 4 years and I'm the money person - change wife's target funds to VOO etc?
- Replies: 16
- Views: 2697
Re: Married 4 years and I'm the money person - change wife's target funds to VOO etc?
Leave it in the Vanguard TDF. If the money's not meant to be used for a few decades, there's no convenience to be gained in moving it, while slicing it up is more likely to create a performance gap. Besides, your investing success will be primarily determined by your savings rate and consistency.
- Mon Aug 28, 2023 12:41 pm
- Forum: Personal Finance (Not Investing)
- Topic: Bank of America/Merrill Edge - Preferred Rewards
- Replies: 7057
- Views: 891411
Re: Bank of America/Merrill Edge - Preferred Rewards
You spend $10k a year at Costco?
- Mon Aug 28, 2023 12:39 pm
- Forum: Personal Finance (Not Investing)
- Topic: house closing: funds from VG, will they allow power of attorney so I don't have to be there?
- Replies: 25
- Views: 1042
Re: house closing: funds from VG, will they allow power of attorney so I don't have to be there?
I agree. That one seems so obvious and normal that I didn't even think to suggest it initially. Quick edit FTW.ResearchMed wrote: ↑Mon Aug 28, 2023 12:15 pm Each sending half (or whatever proportions are planned) seems the better of these two.
A wire from OP's wife to OP should be available same-day. Maybe there's a concern about documentation of funds for the lender, but OP didn't mention a mortgage.ResearchMed wrote: ↑Mon Aug 28, 2023 12:15 pm If spouse A transfers money to spouse B's account and they then plan to have that amount included in a wire to the escrow company, isn't there likely to be a problem with wiring out money that just arrived?
- Mon Aug 28, 2023 12:34 pm
- Forum: Personal Investments
- Topic: 52 week low averaging vs dollar cost averaging? Buying index funds when they hit 52 week lows?
- Replies: 22
- Views: 2362
Re: 52 week low averaging vs dollar cost averaging? Buying index funds when they hit 52 week lows?
While I agree with Ellis's view of market timing, his view of bonds is just plain wrong. Demonstrably wrong, based on returns in 2021, when he wrote this, and 2023. In fact his take on bonds sounds a lot like market timing to me. No one has to own bonds, of course, but there are many legitimate reasons to do so, both financially and psychologically and emotionally. Not to sidetrack the discussion, which was about investing in stocks.... First, I realized that I linked the wrong post. Tailor Made is actually a better fit for OP's situation. Second, I think you're talking past Ellis's point: he's saying that bonds didn't/don't make sense for him because of significant human capital (while accumulating) and an indefinite time horizon (now). G...
- Mon Aug 28, 2023 11:54 am
- Forum: Personal Finance (Not Investing)
- Topic: house closing: funds from VG, will they allow power of attorney so I don't have to be there?
- Replies: 25
- Views: 1042
Re: house closing: funds from VG, will they allow power of attorney so I don't have to be there?
This seems over-complicated. Why doesn't your wife just send you the money? Or send it to the escrow agent herself?
- Mon Aug 28, 2023 11:53 am
- Forum: Investing - Theory, News & General
- Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
- Replies: 6658
- Views: 1241477
Re: I Bonds Mega Thread (I Bond Heads Rejoice!)
Yes, no (two business days, so 8/31 would redeem on 9/2), and yes.
- Mon Aug 28, 2023 11:41 am
- Forum: Personal Investments
- Topic: 52 week low averaging vs dollar cost averaging? Buying index funds when they hit 52 week lows?
- Replies: 22
- Views: 2362
Re: 52 week low averaging vs dollar cost averaging? Buying index funds when they hit 52 week lows?
I don't do this, and I don't know anyone who (admits to) doing it. If pressed for a name, I would call it Really Bad Market-Timing.
You should read this post by Charley Ellis (or his book Winning the Loser's Game) because he writes about the situation you appear to be in: more than enough to cover expenses, so investing for future generations. Maybe it will help you feel more comfortable investing with simplicity, never trying to time the market, and staying the course.
You should read this post by Charley Ellis (or his book Winning the Loser's Game) because he writes about the situation you appear to be in: more than enough to cover expenses, so investing for future generations. Maybe it will help you feel more comfortable investing with simplicity, never trying to time the market, and staying the course.
- Sun Aug 27, 2023 10:16 am
- Forum: Personal Finance (Not Investing)
- Topic: Daycare vs Single working parent
- Replies: 28
- Views: 2051
Re: Daycare vs Single working parent
These two are in conflict. The time crunch exists even though you're working part-time, so there would be a clear benefit to reducing that to zero hours. As you note, the crunch is only for a few years.
If your expenses are accurate, you could both quit your jobs, so it makes sense to focus on the one that helps household flourishing rather than the one that pays more.
- Sat Aug 26, 2023 5:55 pm
- Forum: Investing - Theory, News & General
- Topic: 5% cash allocation
- Replies: 29
- Views: 2924
Re: 5% cash allocation
What was the reasoning behind this suggestion? Without that, this is just a set-up for Point/Counterpoint.
- Fri Aug 25, 2023 7:07 pm
- Forum: Investing - Theory, News & General
- Topic: Now that long TIPS yields are 60 bp off their highs I will…
- Replies: 2953
- Views: 623543
Re: Now that long TIPS have cracked 2.00% again I will…
If you intend to hold to term, you could just use the functions from #Cruncher's posts to calculate present value in your sheet.bogswenbern wrote: ↑Fri Aug 25, 2023 4:25 pm I want a TIPS ladder but it is a headache to keep track of in my investing Google Docs spreadsheet - I would have to copy and paste values for each TIPS into the spreadsheet. This makes LTPZ more attractive, since the GOOGLEFINANCE function would just pull in the value automatically. Has anyone found a way to pull the values of individual TIPS into a Google Docs spreadsheet automatically?
- Fri Aug 25, 2023 7:04 pm
- Forum: Investing - Theory, News & General
- Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
- Replies: 7770
- Views: 1352085
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Ah, maybe it was just in the email with the promo code. Either way, it's easier to schedule an appointment than to pop in and potentially wait for one of the Premier bankers to be free.michaeljc70 wrote: ↑Fri Aug 25, 2023 6:58 pm I did. It says you need to open it with a banker. No mention of an appt.
- Fri Aug 25, 2023 6:56 pm
- Forum: Investing - Theory, News & General
- Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
- Replies: 7770
- Views: 1352085
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Or even to convert a checking account, as I had an Everyday checking account opened for a bonus earlier this year. After all, the Premier account is reserved for premier customers.
This is all spelled out on the promotion's landing page, BTW. You should read the details if you're considering bonus chasing.
- Fri Aug 25, 2023 6:44 pm
- Forum: Investing - Theory, News & General
- Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
- Replies: 7770
- Views: 1352085
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
If you're uncomfortable receiving a phone call from Fidelity, the Wells bonus would be a poor choice. They schedule the branch visit for one hour even though there's only a few minutes of activity required so that they can offer more services (e.g., high-yield preferred deposit). After setting up the Wells Trade accounts, you'll also get calls and messages from a Wells Fargo Advisors employee just to check in and see if you need any help. The goal for this bonus is to get you to move to high-touch advisory services, after all. That said, it's pretty easy money if visiting a branch is convenient and you feel comfortable keeping the Premier banker on-task during your appointment. After that, the only potential "gotcha" is the accoun...
- Fri Aug 25, 2023 1:55 pm
- Forum: Personal Investments
- Topic: Isn't FUMBX income awfully low?
- Replies: 10
- Views: 1147
Re: Isn't FUMBX income awfully low?
FUMBX with duration ~2.6 years and SEC Yield of 4.77%
VGSH with duration ~1.9 years and SEC Yield of 5.02%
Treasury Yield Curve with 2-year at 4.98% and 3-year at 4.69%
That seems about right. Where are you seeing a yield for VGSH that's twice as high as FUMBX?
VGSH with duration ~1.9 years and SEC Yield of 5.02%
Treasury Yield Curve with 2-year at 4.98% and 3-year at 4.69%
That seems about right. Where are you seeing a yield for VGSH that's twice as high as FUMBX?
- Thu Aug 24, 2023 1:59 pm
- Forum: Personal Consumer Issues
- Topic: Smoke detector that only makes noise when there is real danger.
- Replies: 83
- Views: 5149
Re: Smoke detector that only makes noise when there is real danger.
Replacing the units after ten years is a no-brainer.
- Thu Aug 24, 2023 1:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Pro rata tax back door Roth IRA
- Replies: 15
- Views: 1245
Re: Pro rata tax back door Roth IRA
Two things:
1. Backdoor Roth and Mega Backdoor Roth are not mutually exclusive, and I similarly recommend the MBR if available in OP's plan
2. Higher income makes creating Roth space more valuable because higher taxes amplify tax drag in taxable accounts
BTW, I got a CP2000 after rolling my Traditional IRA into an employer plan in order to start doing backdoor Roth contributions. Resolving it was straightforward: print out statements showing the money trail, write a short letter explaining them, and send the bundle to the IRS via certified mail. That was also how I learned that you can call the IRS and talk to a helpful human.
- Wed Aug 23, 2023 7:56 pm
- Forum: Personal Finance (Not Investing)
- Topic: Pro rata tax back door Roth IRA
- Replies: 15
- Views: 1245
Re: Pro rata tax back door Roth IRA
Rolling a Traditional IRA into an employer plan doesn't pollute or co-mingle anything. That's the intention for a "Rollover" IRA in the first place. I don't really understand the FUD around backdoor Roth IRAs. IIRC, Kitces had a post about whether it's appropriate to advise clients to do them, but that's a different question entirely.
From OP's previous post, I see that the IRA balance is about $26k, with income over $350k. As long as the 401k options are decent, rolling in seems like a good option.
From OP's previous post, I see that the IRA balance is about $26k, with income over $350k. As long as the 401k options are decent, rolling in seems like a good option.
- Wed Aug 23, 2023 7:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: Bank of America/Merrill Edge - Preferred Rewards
- Replies: 7057
- Views: 891411
Re: Bank of America/Merrill Edge - Preferred Rewards
I got a pop-up about this when logging into the BofA website, and I assumed that they finally killed the Online Shopping bonus.
- Wed Aug 23, 2023 6:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Pro rata tax back door Roth IRA
- Replies: 15
- Views: 1245
Re: Pro rata tax back door Roth IRA
How much money is in the IRA? If the tax hit wouldn't be too bad, you could also just convert it to Roth.
- Wed Aug 23, 2023 2:12 pm
- Forum: Personal Finance (Not Investing)
- Topic: Loan payoff question
- Replies: 6
- Views: 1361
Re: Loan payoff question
You should be able to use Wells Fargo to pull the money from your Fidelity brokerage account via ACH.
- Wed Aug 23, 2023 1:48 pm
- Forum: Personal Consumer Issues
- Topic: Vanguard has blocked/blacklisted my home IP address
- Replies: 206
- Views: 17069
Re: Vanguard has blocked/blacklisted my home IP address
AFAIK, Vanguard uses AWS, so you (or another of your ISP's customers nearby) might have tripped Cloudfront's safeguards. If you're not running anything botnet-like on your network, probably a good idea to check that your devices aren't compromised.
- Tue Aug 22, 2023 2:43 pm
- Forum: Personal Finance (Not Investing)
- Topic: Help Annette Keep Working and Not Retire
- Replies: 648
- Views: 63012
Re: Help Annette Keep Working and Not Retire
Every post you made in this thread, including the one you quoted, was focused on whether she had enough resources to retire. Sure, your assessment was that she does. But, that is still a financial decision. It wasn't until you responded to my post that you made any mention of it not being a financial decision. Maybe that is what you really meant with all you number crunching posts, but I for one certainly missed that "hint". My first post on this thread was this: It doesn't have to be "all or nothing". Perhaps you can transition to a less stressful job which would be easier to endure for a few years. Not just easier to endure, but likely to pay dividends in the future. An experienced and accomplished attorney likely has...
- Tue Aug 22, 2023 2:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: Help Annette Keep Working and Not Retire
- Replies: 648
- Views: 63012
Re: Help Annette Keep Working and Not Retire
If you haven't already, I recommend grok87's series on Liability Matching Portfolios because you seem like a prime candidate. As a bonus, you'll be able to say that your allocation is 50/50 with a fully funded LMP, so people will stop nagging you about only having 20% stocks.AnnetteLouisan wrote: ↑Tue Aug 22, 2023 2:16 pm If I start collecting SS at 62, it will be $29k per year gross
If I start collecting at 67, it will be $39k per year gross
- Tue Aug 22, 2023 2:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Help Annette Keep Working and Not Retire
- Replies: 648
- Views: 63012
Re: Help Annette Keep Working and Not Retire
If you had finished reading the thread, you would have seen my point:marcopolo wrote: ↑Tue Aug 22, 2023 1:39 pm you guys/gals are solving the wrong problem.
Even if the OP had $20M, if they believe retirement means no longer being alert, active, or relevant, (their words), there would be no compelling reason to retire.
What OP could focus on, if retirement is ever a goal, is to explore things outside of work that might provide some sense of fulfillment.
Hint: it's that this is not a financial decision.
- Tue Aug 22, 2023 1:35 pm
- Forum: Personal Finance (Not Investing)
- Topic: Help Annette Keep Working and Not Retire
- Replies: 648
- Views: 63012
Re: Help Annette Keep Working and Not Retire
Correct on not counting Social Security, so her situation is even better than that. Hopefully that puts to rest all the hand-wringing about the conservative portfolio and whether it's even possible for Annette to retire today.aristotelian wrote: ↑Tue Aug 22, 2023 1:29 pm That wouldn't count social security, would it? SS would cover the $40k shortfall when she turns 67-70, so all she really needs is a TIPS ladder to cover the $40k shortfall between now and claiming SS. So the TIPS ladder might be $500k, with $700k surplus.
- Tue Aug 22, 2023 1:25 pm
- Forum: Personal Finance (Not Investing)
- Topic: Help Annette Keep Working and Not Retire
- Replies: 648
- Views: 63012
Re: Help Annette Keep Working and Not Retire
If $65k is accurate on the expenses, your $25k COLA pension leaves $40k to cover. Today, a 30-year TIPS ladder will give you that for a hair under $900k. That would still leave $340k in cash/bonds for your risk portfolio.
- Tue Aug 22, 2023 11:31 am
- Forum: Personal Investments
- Topic: What should I do with BND assets?
- Replies: 45
- Views: 4452
- Tue Aug 22, 2023 11:04 am
- Forum: Personal Finance (Not Investing)
- Topic: Percent downpayment in a 7.5% mortgage world
- Replies: 42
- Views: 4952
- Mon Aug 21, 2023 7:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Percent downpayment in a 7.5% mortgage world
- Replies: 42
- Views: 4952
Re: Percent downpayment in a 7.5% mortgage world
OP, you haven't provided enough details to opine on your situation.
- What's your marginal income tax rate?
- Will you be able to deduct mortgage interest?
- What does the rest of your portfolio look like?
- Will directing all savings towards the house allow you to adequately save for the future?
- How long do you plan to stay in this house?
- etc.
- Mon Aug 21, 2023 7:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: Least Bad Refinance Rates
- Replies: 5
- Views: 852
Re: Least Bad Refinance Rates
There's still a little action in the relationship mortgage thread: viewtopic.php?t=280692
You might also try Wells Fargo, Citi, PNC, etc.
You might also try Wells Fargo, Citi, PNC, etc.
- Mon Aug 21, 2023 7:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: Percent downpayment in a 7.5% mortgage world
- Replies: 42
- Views: 4952
- Mon Aug 21, 2023 7:29 pm
- Forum: Personal Finance (Not Investing)
- Topic: Percent downpayment in a 7.5% mortgage world
- Replies: 42
- Views: 4952
Re: Percent downpayment in a 7.5% mortgage world
What does this mean? Mortgage rates are reported as APR, which is already annualized.newparentNYC wrote: ↑Mon Aug 21, 2023 7:08 pm in todays mortgage rate world with rates around 7.5%, every dollar down is earning the equivalent of around 10% annualized (let’s say 9% if long term rates and around 14% short term equivalent)
- Mon Aug 21, 2023 6:52 pm
- Forum: Investing - Theory, News & General
- Topic: Vanguard changed their website
- Replies: 30
- Views: 5259
Re: Vanguard changed their website
You're describing market-timing, and that particular strategy seems questionable.
FWIW, you don't actually need to keep $100k there. You just need to move enough there to get your three-month average balance over $100k every 15 months.
- Mon Aug 21, 2023 6:32 pm
- Forum: Investing - Theory, News & General
- Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
- Replies: 6658
- Views: 1241477
Re: When to cash out I-bonds?
Yes, see this reply above:nomorework wrote: ↑Mon Aug 21, 2023 6:10 pm Thats what Im trying to figure out...Whats the sweet spot to cash out and reinvest. Perhapse 1 year and 3 months ?
Specifically Oct 2022. You would want to redeem in the third month after the composite rate falls, so: Jan 1 2024.samsoes wrote: ↑Sun Aug 20, 2023 6:27 pm www.eyebonds.info ... Remember to count back three months to account for the penalty.
- Mon Aug 21, 2023 3:43 pm
- Forum: Personal Consumer Issues
- Topic: Anyone else underwhelmed by Schwab web interface?
- Replies: 35
- Views: 4030
- Mon Aug 21, 2023 11:41 am
- Forum: Personal Investments
- Topic: ARM rate arbitrage
- Replies: 7
- Views: 836
Re: ARM rate arbitrage
Trying to distill here:
1. Mortgage: $500k at 5% (resets in 2027 with a 2% annual cap and 11% maximum), but itemizing so after-tax rate is lower
2. Student loan: $x at y% (paid off soon)
3. Car loan: $14k at 5%
It seems like you're currently using a sinking fund (maybe without knowing that name), but trying to talk yourself out of it. If that's the case, you have my blessing: focus on accumulating wealth rather than bucketing money specifically for your mortgage. If you have an opportunity to refinance to a FRM at a lower rate, or you're facing an upward 2027 rate reset, re-evaluate.
Your $12k T-bill ladder is probably earning less than 5% after-tax, so use that to pay down/off the car loan.
1. Mortgage: $500k at 5% (resets in 2027 with a 2% annual cap and 11% maximum), but itemizing so after-tax rate is lower
2. Student loan: $x at y% (paid off soon)
3. Car loan: $14k at 5%
It seems like you're currently using a sinking fund (maybe without knowing that name), but trying to talk yourself out of it. If that's the case, you have my blessing: focus on accumulating wealth rather than bucketing money specifically for your mortgage. If you have an opportunity to refinance to a FRM at a lower rate, or you're facing an upward 2027 rate reset, re-evaluate.
Your $12k T-bill ladder is probably earning less than 5% after-tax, so use that to pay down/off the car loan.
- Sun Aug 20, 2023 8:39 pm
- Forum: Personal Finance (Not Investing)
- Topic: Help Annette Keep Working and Not Retire
- Replies: 648
- Views: 63012
Re: Help Annette Keep Working and not retire
Not just easier to endure, but likely to pay dividends in the future. An experienced and accomplished attorney likely has plenty of opportunities to downshift while continuing to do interesting and meaningful work.