Bogleheads.org

radiowave

I use no withdrawal penalty CDs as short term bond funds on taxable side. Yeah, only 0.55 interest but FDIC insured up to 500k and liquid if really needed in a crunch. I looked at the other bond funds and ETFs for taxable and kept coming back to CDs. Municipal bond funds are tempting but they spit ...

radiowave

Outer Marker wrote: ↑Sat Apr 17, 2021 8:34 am For what its worth, I've found Bank of America to be pretty good as far as big banks go. Good rewards program and a cash bonus for depositing funds at Merill Lynch.

Merrill Edge?

radiowave

I use no withdrawal penalty CDs as short term bond funds on taxable side. Yeah, only 0.55 interest but FDIC insured up to 500k and liquid if really needed in a crunch. I looked at the other bond funds and ETFs for taxable and kept coming back to CDs. Municipal bond funds are tempting but they spit o...

radiowave

OP, if you are thinking about the Atlantic coast, it's more than rising sea levels. Hurricanes will be more powerful and have greater amounts of water causing extensive damage and flooding far inland. We are planning on weekly early summer rental to get our beach fix in retirement.

radiowave

Speaking of Denver, our house in south metro we bought for just under 400k in 2013 is now worth north of 600. The neighbor across the street put their house up last December and there was a parade of cars waiting to see it the day it went on the market. Sold for 670k and not as nice a house as ours....

radiowave

I tried to log in to Ally this morning and after the usual login/password it stopped and asked me to enter a new password and confirm. Same thing happened on my phone app. I didn't get an email from them, wondering if this is some malicious attempt to take over my account. Anyone else seeing this?

radiowave

I'm currently on Kaiser through employer and really have been happy with them. Retiring end of May and have been comparing options. If I do the Medicare Advantage with Kaiser, I'll pay the Part B at 148/mo and get gym, drugs, dental and glasses/hearing coverage. It would be a seamless transition wit...

radiowave

+1 on simplifying accounts and banks as much as possible as strategy for spouse after death. Good comments about eBill pay above. One thing I am setting up is a second set of eBill payees at a second place as a back up plan. One thing that raised my concern recently was potential loss of access to o...

radiowave

My DW had a monthly rollover check coming to her VG IRA. Last December I noticed a debit at our B&M bank which was linked to our VG taxable account. After some checking, I found the debit amount in my DW IRA?? We were able to get through on the phone and apparently the Nov check was mangled to t...

radiowave

For people who view things from a cash-flow perspective paying off a mortgage greatly improves monthly cashflow substantially by eliminating what is for most people by far the largest line item in their monthly budget. +1 we paid off our mortgage in Dec as a way to improve cash flow as i transition...

radiowave

I cross the finish line next month at full retirement age after a 40+ year career in healthcare. I'm satisfied I waited as it allowed me to achieve some professional goals these past few years. I did not have the option to coast as we have clear annual performance criteria so I"m working hard r...

radiowave

Just transitioning to retirement and considering both Kaiser Medicare Advantage plan (currently on Kaiser on employer plan) or Plan G + drug plan. I like Kaiser, very well integrated and organized. I am concerned if I had to go to Plan G I would have to make an effort to organize my own care, e.g. i...

radiowave

If you have a rollover IRA and Taxable account at the same brokerage, e.g. Vanguard, can you take a distribution from the rIRA as direct transfer of the same mutual fund, e.g. VTSAX VG total stock, then pay the state and federal income tax?

radiowave

Sheepdog, thanks again for this timeless thread. I'm retiring the end of May and you confirmed my transition strategy by holding 2-3 years cash/cash instruments.

radiowave

We have been discussing about one more year (OMY) many times, notably by The Timelord and others. I would like to have a clear definition of OMY if you don't mind. First, you have to reach financial Independence (FI), with whatever your number is. (1) If you have FI and do not want to retire, are y...

radiowave

Had a similar issue with a monthly roll over check to VG late last year. Took forever to get someone on the phone, took multiple calls, finally got resolved after several weeks. DW and I decided VG wasn't worth the headache so we transferred our VG rollover IRAs, taxable account and Roth IRAs to ano...

radiowave

I have Schwab, Fido, and Vanguard. I would never cosolidate anything into Vanguard. Stick with Fidelity for a few reasons. One,Fidelity allows for fractional share investing for ETFs and stocks. Two, Fidelity's web and app interfaces are light years ahead of Vanguard. +1, DW and I recently left Van...

radiowave

OP, a few years ago, I used a strategy to get cash balance down to just a couple hundred after paying monthly bills and any residual went to VTSAX or NWP CDs. I had my paycheck spread across 3 accounts, one for mortgage, another for bill pay, the third I liked how easy it was to transfer $ from chec...

radiowave

I consider my NWP CDs in taxable as part of my bond fund; checking and savings as cash . Holding a little over a year expenses in both as I transition to retirement next month and saving up for new retirement home down payment in a year or two (or whenever the real estate market cools down).

radiowave

Thanks all, this is helpful and yes EIN not EID. My wife was talking to Ally late last night as it is difficult to talk about this at work during the day and very frustrating not getting the help she needs from evening CSRs. I've never hear her curse and slam her fist as she did last night after alm...

radiowave

My wife is having a difficult time after the death of her mother in disbursing funds from her revocable living trust at Ally Bank to her siblings. Her mom died in December. DW sent a copy of the death certificate to Ally several weeks ago. At issue is the funds are in several CDs. Ally said to disbu...

radiowave

Make more videos. Yeah this. Couple more months and he can retire, it seems. But seriously, dump some in VTI and forget it. I never had a largess like this, but my dad made sure that I maxed my Roth every year in my early 20s, and it's really set me up for success, albeit more modest that what your...

radiowave

I'm transitioning to full retirement in a few months. The primary changes from expenses are: - less commute, dry cleaners, eating out for lunch each day, so approximately -500/mo - increase healthcare insurance from ~250/mo to close to 1000/mo (wife 2 years to go to Medicare, I'm going on an advanta...

radiowave

Not sure if my answer is actionable beyond just better understanding forum members emotional experience, but for my spouse and I, having a good plan ((PS), keeping spouse directly engaged in decision making, taking the long view, and following Boglehead philosophy e.g. living below our means, having...

radiowave

Yeah, $20K+ from the other day for us.

radiowave

So I have my official date: May 28 will be my last day. All I can say is wow.

radiowave

OP, in addition to my 2 page IPS which incorporates much of what was posted above, I have an "Appendix" which is an excel spreadsheet that tracks overall performance and includes the following worksheets: Income tracker: by month where paycheck is divided (multiple accounts) and now transi...

radiowave

Do you have an investment policy statement? If so, what does your IPS say? If not, view the Wiki (see below) and ask questions how forum members can help. I'm a classic 3 fund Boglehead and don't dabble in stocks, so not much I can add that is actionable other than above.

radiowave

A quick question on ME: do they have a low expense ratio (ER) mutual fund (not ETF) for short term bonds? I have an online account with 0.50 NWP CDs I would consider moving to ME if I could get a reasonably close match. I've had a BoA account for many years.

radiowave

I've had good luck resoling my Limmer boots, actually on the third Vibram soles in 10+ yrs which will be the last so will take a trip to NH when these wear out. Limmer did the resoling and last time redid part of the heel on both, a little over $100 each time. I hike about 600+ miles per year in the...

radiowave

OP, just did an in-service distribution from my TIAA 401A account to Schwab Rollover IRA, TIAA would not do a direct transfer of funds and cashed out the assets and sent a check by mail directly to Schwab as a custodian to custodian transfer. . . a very nervous week in a volatile Wall St. week but a...

radiowave

There is a practical issue with using a multiple bond/treasury instrument strategy, that is you have to manage all of that and also balance your asset allocation. VG total bond (or equivalent in Fidelity or Schwab) present a reasonable if not elegant tradeoff between diversity and simplicity. You a...

radiowave

Doc do you use individual bonds or funds? If you use bond funds, could you share which ones? In "normal" times I use a 3-7 bond ladder for intermediate Treasuries along with Vg 1-3 Treasuries. Right now I hold no T's greater than 3 years and much of the remaining Treasuries is in a T-Bill...

radiowave

OP, we use the Fidelity Total Stock fund FSKAX https://fundresearch.fidelity.com/mutu ... 315911693 with ER of 0.015.

However if you are looking at a potential transfer of funds at a later data, recommend an ETF such as VTI or ITOT.

radiowave

Will there be areas which are more insulated than others? Places that come to mind: - Austin, TX (Major migration of tech there) - Huntsville, AL (Space Force) - NOVA (Govt, Amazon HQ2) - Nashville, TN (Low taxes, climate, Amazon, big city, but not a mega-city) - Silicon Valley Other areas y'all th...

radiowave

Thanks everyone!

radiowave

I received a $500 bonus for opening up and funding a Schwab rollover IRA this year. It was a direct deposit to the account. Question, do I pay taxes on this, e.g. will receive a 1099 next year or will I pay taxes on it when I withdraw the money?

tnx

radiowave

OP, I agree with the above. Keep things simple: VTSAX total stock in taxable; VBTLX total bond and VTSAX if needed in tax deferred, then set your asset allocation on the tax deferred side for desired ratio.

radiowave

What's wrong with cash in the bank? Yeah it's trailing inflation but with a FDIC insured account up to $250K that's safe money. For investments I would advocate for something as simple as possible like VTSAX total stock and VBTLX Total Bond, set up for your asset allocation and that would be a reaso...

radiowave

Ally Bank

radiowave

If you buy an Ally NWP CD (or actually any CD) and roll it over at maturity, they will give you an additional 0.05% or currently 0.55%. The sad part is that I have a couple 2% CDs maturing in May, oh the good old days.

radiowave

OP I'm T minus 8 weeks and counting until retirement. One of the best strategies DW and I did to prepare was paying off the mortgage last Dec. That significantly reduces our stress level over cash flow by $2K/mo. and gets our annual projected budget to the point where 2 small pensions, DW working pa...

radiowave

Been very happy with our Sony 54 in set except for the sound. We have a matching Sony DN1070 RX/amplifier that is the hub for the TV, BlueRay, and Sonos internet radio, connected to Klipsch speakers. I doubt you would be happy with any current TV playing internet radio without additional work. Note,...

radiowave

OP, in addition to the excellent recommendations above, enter FIRE in the Bogleheads search engine in the upper right hand corner (if you haven't done so already). Many, many discussion posts right here on the forum.

radiowave

I closed two NP CDs early in Dec, they never asked why and the funds were available in checking by the time I finished the call, abt 10 min. To be honest, I was a bit annoyed when I found out you had the call to close a CD early, but now I view it as an extra safety measure. FYI, if you rollover the...

radiowave

OP if you like East Coast Atlantic Ocean beaches, check out Naval Hospital Camp Lejeune in North Carolina. Just a few miles to Topsail Beach and LCOL area. There is the issue of hurricanes however . . .

radiowave

I usually keep about 6 months of living expense (as emergency fund) in my checking account This is because my big national bank has a $20K minimum balance to avoid monthly fee. As you can guess there is 0.001% interest rate on this account. I am looking for alternatives, I did some search it looks ...

radiowave

OP, would you sleep well at night if your new portfolio lost 50% of its value. If you hesitated on answering this to yourself, maybe your IPS is too aggressive. If not, great.

To paraphrase Jack Bogle, don't take on too much or too little risk.

radiowave

Transitioning to retirement in a few weeks. The biggest plus we did is paying off the mortgage late last year. What a big weight off our shoulders. It did help that we lowered our costs last year d/t COVID, e.g. not dining out, no vacations or travel, no dry cleaning, etc. I constructed a spreadshee...

radiowave

The Pirate raises good points about getting finances set up. A more mundane thing we've done in the past few years is to consolidate and simplify accounts (at one point we had about a dozen of different tax deferred accounts scattered across multiple prior employers). We spend several weekends getti...

Search found 2648 matches