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08-13-2016, 07:37 AM
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#22
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,717
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 Quote:
Originally Posted by OneDay
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I am not sure I would invest a chunk at cash for 63 months in a "potentially" rising interest rate market.
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"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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08-13-2016, 07:45 AM
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#23
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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Quote:
Originally Posted by ShokWaveRider
I am not sure I would invest a chunk at cash for 63 months in a "potentially" rising interest rate market.
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I'm pretty sure people thought the same 3 years ago.... and sounds like many are now glad they chose the 5-yr CD.
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08-13-2016, 07:53 AM
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#24
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Recycles dryer sheets
Join Date: Jun 2016
Location: Somewhere
Posts: 83
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I understand and have thought rates would have increased for a while now. I have found a 2% 33 month CD.
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08-13-2016, 08:20 AM
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#25
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
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Quote:
Originally Posted by Pilot2013
I'm pretty sure people thought the same 3 years ago.... and sounds like many are now glad they chose the 5-yr CD.
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+1. The Feds are only talking about raising the rate while economy is not there for it. Yet what might force them is a lower world dollar demand due to re balancing of the SDR (IMF) currency basket -a potential higher inflation here.
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08-13-2016, 09:25 AM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,326
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Quote:
Originally Posted by ShokWaveRider
I am not sure I would invest a chunk at cash for 63 months in a "potentially" rising interest rate market.
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63 months.....another oddball term to maturity. If the early withdrawal penalty is not too bad you are not locked out if rates rise significantly. The EWD penalty at Andrews FCU is 6 months interest. I think there is an EWD penalty calculator around somewhere.
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...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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08-13-2016, 09:36 AM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,345
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Actually the 3% for 84 months with a 6 month EWD penalty looks pretty good to me compared to intermediate-term investment-grade corporate bonds. Better return but no interest rate risk and an easy out if rates rise.
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If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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08-13-2016, 05:12 PM
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#28
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gone traveling
Join Date: Feb 2008
Posts: 510
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Quote:
Originally Posted by Debinnov a
If you have IRA Monies available, you can transfer to Andrews Federal Credit Union and get 3% for 84 months. I moved monies from Vanguard IRA with minimal issues.
Sent from my KFTHWA using Tapatalk HD
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I'm guessing this is an option for people who invest their IRA's in the bonds only?
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08-13-2016, 06:56 PM
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#29
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Recycles dryer sheets
Join Date: Dec 2008
Posts: 299
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Quote:
Originally Posted by aida2003
I'm guessing this is an option for people who invest their IRA's in the bonds only?
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You can transfer over only part of your IRA. The rest can be in stocks or other investments. The insurance limit means you don't want to move your entire IRA anyway (assuming it's more than $200k if reinvesting interest or $250k if distributing interest).
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08-14-2016, 08:13 AM
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#30
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,326
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Quote:
Originally Posted by jazz4cash
63 months.....another oddball term to maturity. If the early withdrawal penalty is not too bad you are not locked out if rates rise significantly. The EWD penalty at Andrews FCU is 6 months interest. I think there is an EWD penalty calculator around somewhere.
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www.depositaccounts.com has one that looks pretty good in the >Tools and Calculators< tab. That 6 month penalty looks pretty good. I would consider buying several 84mo CDs to create a ladder using early withdrawals beyond 24 mos.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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08-14-2016, 10:02 AM
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#31
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,796
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Quote:
Originally Posted by Debinnov a
If you have IRA Monies available, you can transfer to Andrews Federal Credit Union and get 3% for 84 months. I moved monies from Vanguard IRA with minimal issues.
Sent from my KFTHWA using Tapatalk HD
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Argghhh! Always a catch. Don't have much in IRA. Most in regular CD's and 401K.
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Best CD rates in the country ?
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08-14-2016, 10:34 AM
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#32
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,326
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Best CD rates in the country ?
Quote:
Originally Posted by John Galt III
Argghhh! Always a catch. Don't have much in IRA. Most in regular CD's and 401K.
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You can usually transfer/roll 401k assets into an IRA w/ no penalty. Have you checked your plan?
Sent from my iPhone using Early Retirement Forum
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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08-14-2016, 12:22 PM
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#33
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,796
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Quote:
Originally Posted by jazz4cash
You can usually transfer/roll 401k assets into an IRA w/ no penalty. Have you checked your plan?
Sent from my iPhone using Early Retirement Forum
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Thanks, Jazz4cash. I'll check into it.
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08-14-2016, 04:33 PM
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#34
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,673
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NFCU has had some outstanding rates recently, but you need a military connection to get on board. The 2.5% 30 month CD I got in December looks better every day, but not a good as the 5% 12 month CD I had the year before.
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Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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08-14-2016, 07:23 PM
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#35
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,326
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Quote:
Originally Posted by mickeyd
NFCU has had some outstanding rates recently, but you need a military connection to get on board. The 2.5% 30 month CD I got in December looks better every day, but not a good as the 5% 12 month CD I had the year before.
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Yeah I love NFCU too but it looks like Andrews FCU has them beat right now AND they have open membership so I guess I have one more spot to bury some nuts.
Sent from my iPhone using Early Retirement Forum
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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08-30-2016, 08:25 PM
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#36
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,326
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Quote:
Originally Posted by Debinnov a
If you have IRA Monies available, you can transfer to Andrews Federal Credit Union and get 3% for 84 months. I moved monies from Vanguard IRA with minimal issues.
Sent from my KFTHWA using Tapatalk HD
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I did this today. Went into the branch and customer service was good. Thanks!
Sent from my iPhone using Early Retirement Forum
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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08-30-2016, 08:56 PM
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#37
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Has anyone here thought about dividend bearing stocks in utilities etc. instead of CDs? At these rates, man, it's just brutal.
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08-30-2016, 11:09 PM
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#38
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,085
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Nope, but have bought some preferred utility shares as they pay 6% ->7%
I view them as my "sorta bonds".
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08-31-2016, 08:59 AM
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#39
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Recycles dryer sheets
Join Date: Jun 2016
Location: Somewhere
Posts: 83
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Quote:
Originally Posted by laurence
Has anyone here thought about dividend bearing stocks in utilities etc. instead of CDs? At these rates, man, it's just brutal.
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Yes, I own T now and several other stocks that aren't utility but pay good dividends " GE, F, PFC, WFC " and will buy more or just buy VPU. But I'm looking to just park some money for a while or least not dump a large amount of money in the market all at one time. So at this point, I'll wait till September to see if the feds raise rates.
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08-31-2016, 04:48 PM
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#40
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
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Quote:
Originally Posted by OneDay
Yes, I own T now and several other stocks that aren't utility but pay good dividends " GE, F, PFC, WFC " and will buy more or just buy VPU. But I'm looking to just park some money for a while or least not dump a large amount of money in the market all at one time. So at this point, I'll wait till September to see if the feds raise rates.
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+1 I think between September and Nov election we may see some changes in Feds monetary policy.
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