What things do you not like? They have a joint account that need beneficiaries assigned, but have some rule or reason against being able to do that, or any kind of transfer on death. There doesn't seem to be any easy way around it other than making two individual accounts and splitting the money.

I opened accounts at Fidelity and am starting the transfer process. $100 cash bonus for each account, which I won't complain about. My in-laws use Vanguard and I help them from time to time. There are certain things I immediately did not like. And whenever my mother in law calls, it is a 45 minute+ ...

Ally, Fidelity: $1 per bond commission if you’re just talking t-bills, Fidelity should be free. I think the $1 per bond is for CDs and non-treasury bonds. https://www.fidelity.com/trading/commissions-margin-rates You are correct, thanks! Any opinions out there on Fidelity vs. Schwab vs. Vanguard? S...

So I'm trying to decide mentally if that $1 is worth moving my accounts for? With a face value of $1000 per bill, if I trade $100k of 13 week t-bills, that's $100 commission every 13 weeks. $100k of 13 week bills will payout (math ok?) about .0313/4*100k = $782.50 in a 3 month period. And I will los...

Thanks!

Quick survey:

Ally, Fidelity: $1 per bond commission
Vanguard, Schwab: $0 per bond

Both for both new and secondary issues.

Good meat puns/references! I have bought i-bonds in the past, but just bought my first 13 week t bill at Treasury Direct. dualstow, what broker and what commissions and are you happy with them? I need to do the same, my IRAs are at Ally, and they charge $1 per bond, $10 minium, which is why I went t...

Thanks, barrett!

I did max out i-bonds in January, and will again this coming Jan.

I am making it a priority to understand bonds more in the coming weeks. While I am very happy with 2.75% in savings, if I can get more in bills and notes, and have them exempt from state tax, no reason not to!

I think I need to get a fidelity account. Need to check my Ally account on Monday, because they don't show quotes outside of trading hours for fixed income. I made a guest acct at Fidelity. Seems nice.

I can get a 3 year MYGA for ~4.05% interest right now. Similar 3 year Treasury notes are around 3.56% I am guessing you haven't check Treasury rates in a bit. The 3-year is at 4.26% on the Fidelity website. See here: https://fixedincome.fidelity.com/ftgw/fi/FILanding Even a 3-month issue is yieldin...

I can get a 3 year MYGA for ~4.05% interest right now. Similar 3 year Treasury notes are around 3.56% I am guessing you haven't check Treasury rates in a bit. The 3-year is at 4.26% on the Fidelity website. See here: https://fixedincome.fidelity.com/ftgw/fi/FILanding Even a 3-month issue is yieldin...

Curious what you do with any cash you have specifically in cash, but not necessarily immediately needed? I've got a bunch in a savings account paying 2.75% currently. Other options are shorter term CDs, ETF like SHV, and these MYGAs. I suppose I could do treasury bills/notes/bonds, but those pay gen...

MJ,

Any comments on MYGAs?

Oops, you're right, I was looking at the wrong entry.

In any event, my family and my wife's are long lived -- her grandmothers made it to 92 and 100, and both sets of our parents are still around, late 80s/early 90s.

I have a mental need to protect against that, and open to almost all options!

mj, Immediate annuities.com shows nearly identical monthly payouts for single, joint and joint with cash refund, where heirs would get any principal left, but not their own annuity. Regardless, my original thought was to start by annuitizing my Ira. It is traditional. Can you expand on your comments...

I'll definitely look at laddering bonds as well, problem for me is they are not lifetime, so I run the risk of a future ladder paying crap, right? Totally agree about ss. I did not realize until recently how much that will pay with delaying to 70 plus the spousal benefit. I am totally open to other ...

I am only looking at SPIA, fixed annuities, no ongoing fees (or if there are, they are built in). The payout I see is the payout I will get for the rest of my life. As for risk, not sure how to answer that. If I cannot trust names like Mutual of Omaha, Prudential, New York Life, etc with at least a ...

They pay you back a ratio of interest and your principal. Two main things I like about them: 1) Nearly risk free. Get from an A+ or better insurer (like New York Life, Mutual of Omaha, etc) 2) They pay for life + joint spouse life + cash refund and many other varieties. Vinny, look at: https://www.i...

Decided to log on again here -- slow end of day. If you follow my other topic, you might know I have been nearly 100% out of stocks and bonds since Jan 3,2022. I really had no idea at the time it was going to be fortuitous, at least up until now. So I am not complaining. But what I currently am fin...

mathjak107 wrote: ↑Fri Sep 23, 2022 5:23 pm Also the bulk of an spia payout comes from mortality credits , as those who die pay for those who live .

The effect of rates going up or down on them is not as great as you would think

Sure. But there is some effect, and I am in no rush.

Decided to log on again here -- slow end of day. If you follow my other topic, you might know I have been nearly 100% out of stocks and bonds since Jan 3,2022. I really had no idea at the time it was going to be fortuitous, at least up until now. So I am not complaining. But what I currently am find...

See indexed annuities https://www.investopedia.com/articles/retirement/12/build-your-own-annuity.asp I understand you wouldn’t participate fully in good years, but at least are limited to 0% or higher gain in down years. My overall reason for doing this is stability, as well as completely decouplin...

joypog wrote: ↑Fri Aug 26, 2022 1:19 pm According to MangoMan its cause all the upstanding members have been chased out and it's a raging leftist forum nowadays.

I mean, just look at the consensus opinion on the student loan forgiveness thing.

Sounds like Pug...

Probably just stating the obvious, but that's an annual income of $36k while still not having given up all of your principal as would happen in the theoretical scenario of annuitizing everything. On a more general note, it's good that we are now having more conversations like this on this forum wit...

I am curious if, as an exercise, you have compared income from annuitizing everything vs. Just going 100% to "cash" and assuming a steady effective rate of return for the next 30 years or so. That would seem to alleviate some of the inflation risk vs. holding everything in SPIAs. Just kin...

Cortopassi, are serious that you can live on a third of $7,900? Even if you stop working? If so, I believe that my wife and I have become totally detached from reality. But damn! $2,633 per month? Really? What kind of saintly woman did you marry? O0 Absolutely. And that is probably on the high end ...