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Old 06-04-2020, 02:23 PM   #8751
ShadowIMg
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Quote:
Originally Posted by OrbitalEllipses View Post
Yep. Though my 3% checking is down to 2% on first $20K. I opened a 2.1% savings account (rate locked for 12 months) at my CU earlier this year in anticipation of rate cuts so my money’s split between these CU accounts instead sitting in Ally.
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Originally Posted by XanRules View Post
Yeah, I don't have $20k in cash laying around so the limits don't really impact me
Yeah I was just curious what the catch was. If checking accounts were giving rates twice what savings, money market, and CDs were, it would completely eliminate them. They'd be completely pointless.
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Old 06-04-2020, 03:49 PM   #8752
TheViking85
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All the HYSA's seem to follow each other pretty closely, Discover is at 1.15% too. That still means >$100.00/mo in interest for us, but it's definitely getting meager, if it ends up not keeping up with inflation anymore I'd have to potentially look at other options, though admittedly, they don't look good either.
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Old 06-04-2020, 11:48 PM   #8753
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My and my wife's variable rate 1 mo LIBOR + 0% student loans reset this month to 0.45%!

Still owe a **** ton of money overall to various parties. Current overall tally is $744,863 per mint.
A month later and those loans have now reset to 0.18% (!), and I've paid off about $6,544 in principal. Refinancing the mortgage will help up that principal a bit more yet.
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Old 06-05-2020, 01:56 PM   #8754
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Just gave Vanguard's Digital Advisor some money to play around with. Curious to see how it does. Anybody have any experience with it? Seems most here use Betterment...?

Also getting an itchy trigger finger to gamble a little with some of these extra funds laying around, but need a better idea of what to do with my money... But, was too gun-shy yesterday to buy F at 6.38.

Sorry for all the gun puns, not intentional.
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Old 06-05-2020, 02:03 PM   #8755
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Not familiar with Digital Advisor but it sounds like it's something like Betterment. Full_Clip is a similar situation. Full_Clip received a healthcare "Covid Bonus" from his employer (New York Presbyterian Hospital) to the tune of $2500. Will probably just bank that for moving expenses.

chris619
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Full_Clip is glad to be having somewhat of a normal schedule.
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Old 06-05-2020, 02:29 PM   #8756
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I don’t think Vanguard’s robo service performs TLH so I’ve ignored it.
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Old 06-05-2020, 02:36 PM   #8757
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I don’t think Vanguard’s robo service performs TLH so I’ve ignored it.
It performs it "as needed", whatever that means.

https://www.nerdwallet.com/blog/inve...t-vs-vanguard/

I don't get why access to a person is necessary for these services. Give me a good web interface and I'm happy enough.
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Old 06-05-2020, 02:40 PM   #8758
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Originally Posted by shikataganai View Post
It performs it "as needed", whatever that means.

https://www.nerdwallet.com/blog/inve...t-vs-vanguard/

I don't get why access to a person is necessary for these services. Give me a good web interface and I'm happy enough.
Legal reasons. Need a licensed broker who is ultimately responsible for your trades/etc.
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Old 06-05-2020, 05:51 PM   #8759
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My Robinhood account is +43% since March. Happy with that - has some losses on some options, some gains on options, and just sold delta shares today for $37.76 that my average buy was $21.17. Watching those because I’ll likely rebuy again if they drop.
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Old 06-05-2020, 11:39 PM   #8760
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I need to start getting ready to invest more seriously. My wife should get her promotion in June, and when that happens we should be able to get our non-mortgage debt cleaned up in under a year. When that happens I want to start hitting the retirement prep really hard.
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Old 06-06-2020, 01:08 AM   #8761
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What are you saving pretax towards retirement?

Edit: can’t math, numbers removed

Last edited by OrbitalEllipses; 06-06-2020 at 01:17 AM.
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Old 06-06-2020, 01:28 AM   #8762
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I think I'm at 12-13% currently going to my govt 401k. 5% to traditional, the rest to Roth. Also, a few hundred a paycheck going to my pension.
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Old 06-06-2020, 12:36 PM   #8763
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Quote:
Originally Posted by OrbitalEllipses View Post
What are you saving pretax towards retirement?

Edit: can’t math, numbers removed
This is a great question that should be asked more often.
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Old 06-06-2020, 01:50 PM   #8764
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Quote:
Originally Posted by 07Wagon View Post
I think I'm at 12-13% currently going to my govt 401k. 5% to traditional, the rest to Roth. Also, a few hundred a paycheck going to my pension.


We're ~25% collectively, but we have no major debt because we're not landed aristocracy.

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This is a great question that should be asked more often.
Well thank you.
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Old 06-06-2020, 02:10 PM   #8765
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With respect to retirement savings rates:



Life isn't one size flts all, but the Pollack 3x5 is generally very good advice.
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Old 06-06-2020, 05:36 PM   #8766
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The wife's new job just opened the 401k info for her. I did the maths and told her what the contribution will be. 67%. She sent in the form. Got an email back from the finance person asking "did you really mean to put 67%?". She forwarded that to me and I responded to just say yes.
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Old 06-06-2020, 05:51 PM   #8767
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Your wife makes 3/2 of the employee contribution limit?
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Old 06-06-2020, 06:01 PM   #8768
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Has anybody heard of or used Consumer Credit Union? I was searching for a HYSA and a bank that also offers interest on a checking account. They offer up to 4.09% (when requirements are met) on up to $10k on checking accounts. They have an HYSA that is 1.5%. Looks like they also work with local credit unions as CO-OP branches.
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Old 06-06-2020, 06:15 PM   #8769
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12 debit transactions, $500 direct deposit, $1000 visa spend, all per month.

If this fits your patterns then you can earn a few bucks but this seems rather a pain in the ass.
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Old 06-06-2020, 08:14 PM   #8770
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Quote:
Originally Posted by OrbitalEllipses View Post


We're ~25% collectively, but we have no major debt because we're not landed aristocracy.



Well thank you.
Yeah, we've been doing just ok with contributions. Once we're both 13's there's going to be a definite upturn. We could be doing significantly better if we'd sold our California house instead of renting it out at under market value to family, but here we are.
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Old 06-06-2020, 08:17 PM   #8771
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Originally Posted by csperformance View Post
Has anybody heard of or used Consumer Credit Union? I was searching for a HYSA and a bank that also offers interest on a checking account. They offer up to 4.09% (when requirements are met) on up to $10k on checking accounts. They have an HYSA that is 1.5%. Looks like they also work with local credit unions as CO-OP branches.
Consumer or Consumers?

I've bought a few cars with these guys...

https://www.myconsumers.org/bank/acc...ls/how-to-join

No complaints sans sucking at not losing titles. But I've had that experience elsewhere too.
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Old 06-06-2020, 08:25 PM   #8772
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Originally Posted by shikataganai View Post
Your wife makes 3/2 of the employee contribution limit?
Is the annual limit prorated?

Probably maxing that bad boy out.
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Old 06-07-2020, 08:21 AM   #8773
csperformance
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Quote:
Originally Posted by SoapBox View Post
Consumer or Consumers?



I've bought a few cars with these guys...



https://www.myconsumers.org/bank/acc...ls/how-to-join



No complaints sans sucking at not losing titles. But I've had that experience elsewhere too.

Yes, those guys.

Quote:
Originally Posted by shikataganai View Post
12 debit transactions, $500 direct deposit, $1000 visa spend, all per month.

If this fits your patterns then you can earn a few bucks but this seems rather a pain in the ass.

I missed the 12 debit card transactions. That would make it a pain.
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Old 06-09-2020, 08:15 AM   #8774
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Because I am bored and these are always fun.

About 10-11 months emergency fund in HYS earning a little more than 1%

About 3 months expenses in checking earning 0%

HVAC financing $14,000 0% (about 4.5 years left)

Car loan $8,600 @ 3.74%

Mortgage $89,000 @ 5%

Potentially looking at moving within the next 2-3 years. I would be using equity in home for down payment on new house. Not using any money from savings/checking/taxable investments. Probably 50% chance we move.

Possibly looking at replacing family SUV as well (paid off). Would be financing $25-30K on the new vehicle if we go that route. Not using any money from savings/checking for down payment, just trade in value of current vehicle. Probably 25% chance of this happening.

My thought is to pay off the car note @ 3.74%?

WWOT do?

Last edited by .brian.; 06-09-2020 at 08:35 AM.
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Old 06-09-2020, 08:38 AM   #8775
csperformance
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Quote:
Originally Posted by .brian. View Post
Because I am bored and these are always fun.

About 10-11 months emergency fund in HYS earning a little more than 1%

About 3 months expenses in checking earning 0%

HVAC financing $14,000 0% (about 4.5 years left)

Car loan $8,600 @ 3.74%

Mortgage $89,000 @ 5%

Potentially looking at moving within the next 2-3 years. I would be using equity in home for down payment on new house. Not using any money from savings/checking/taxable investments. Probably 50% chance we move.

Possibly looking at replacing family SUV as well (paid off). Would be financing $25-30K on the new vehicle if we go that route. Not using any money from savings/checking for down payment, just trade in value of current vehicle. Probably 25% chance of this happening.

My thought is to pay off the car note @ 3.74%?

WWOT do?


Have you looked into refinancing your mortgage to a lower rate? Not sure if a bank would do that with a principal balance under $100k.

I would pay off the car note then put the extra on the mortgage. Or split the extra between mortgage and savings/retirement.
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