Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-27-2013, 11:38 AM   #201
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 6,315
Quote:
Originally Posted by pb4uski View Post
Yeah, the Fed.
Or maybe some lucky stiff who got a 10 year loan under 3%.
__________________

__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-30-2013, 09:19 AM   #202
Thinks s/he gets paid by the post
photoguy's Avatar
 
Join Date: Jun 2010
Posts: 2,301
It looks like for each CD you buy, Penfed sends a paper form which needs to be filled out and returned. It makes me a little uneasy as the form asks for a SSN and I'd rather not send this through snail mail. Is there anyway around this?
__________________

__________________
photoguy is offline   Reply With Quote
Old 12-30-2013, 09:27 AM   #203
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,069
Quote:
Originally Posted by photoguy View Post
It looks like for each CD you buy, Penfed sends a paper form which needs to be filled out and returned. It makes me a little uneasy as the form asks for a SSN and I'd rather not send this through snail mail. Is there anyway around this?
Maybe you could call them and whisper your SSN to the customer service rep?

Seriously, if you are uncomfortable having your SSN go through the mail, you'll really freak out when you go on Medicare. Your SSN is your account number, known to every medical provider you come in contact with...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 12-30-2013, 09:41 AM   #204
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 7,128
Quote:
Originally Posted by REWahoo View Post
Maybe you could call them and whisper your SSN to the customer service rep?

Seriously, if you are uncomfortable having your SSN go through the mail, you'll really freak out when you go on Medicare. Your SSN is your account number, known to every medical provider you come in contact with...
Maybe he doesn't realize that his SS number was originally issued by the government years ago and is all over the web anyway? Maybe we should ask the gov is issue us secret SS numbers as an alternative?
__________________
aja8888 is offline   Reply With Quote
Old 12-30-2013, 09:43 AM   #205
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 1,643
Quote:
Originally Posted by photoguy View Post
It looks like for each CD you buy, Penfed sends a paper form which needs to be filled out and returned. It makes me a little uneasy as the form asks for a SSN and I'd rather not send this through snail mail. Is there anyway around this?
I fax mine. then you know they are getting it.
__________________
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is online now   Reply With Quote
Old 12-30-2013, 09:51 AM   #206
Recycles dryer sheets
Earl E Retyre's Avatar
 
Join Date: Jan 2010
Posts: 257
Quote:
Originally Posted by photoguy View Post
It looks like for each CD you buy, Penfed sends a paper form which needs to be filled out and returned. It makes me a little uneasy as the form asks for a SSN and I'd rather not send this through snail mail. Is there anyway around this?
I agree that it seems odd that every time you add another CD to your Penfed portfolio you need to go through the application and snail mail paperwork process. And it seems odd to send the SS# via snail mail. I have now opened 3 CDs. While I do not like their process, I do like the CD.
__________________
Earl E Retyre is offline   Reply With Quote
Old 12-30-2013, 10:30 AM   #207
Thinks s/he gets paid by the post
photoguy's Avatar
 
Join Date: Jun 2010
Posts: 2,301
Quote:
Originally Posted by REWahoo View Post
Seriously, if you are uncomfortable having your SSN go through the mail, you'll really freak out when you go on Medicare. Your SSN is your account number, known to every medical provider you come in contact with...
Yeah i tend to be a little paranoid and think of all the various ways things can go wrong. SSN bugs me so much because it's used both as an identifier and a password.
__________________
photoguy is offline   Reply With Quote
Old 12-30-2013, 12:44 PM   #208
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 6,315
IMHO, the US mail can be more secure than doing things online. Many crooks avoid getting involved with the US Mail because of the laws against using it to commit frauds. For example, a fraudster who wants your money will often send you a prepaid USP or FedEx envelope since the postal laws don't apply to these services, so it's one less complication should they get caught.
__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Old 12-30-2013, 01:29 PM   #209
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,452
Quote:
Originally Posted by photoguy View Post
It looks like for each CD you buy, Penfed sends a paper form which needs to be filled out and returned. It makes me a little uneasy as the form asks for a SSN and I'd rather not send this through snail mail. Is there anyway around this?
You can FAX it instead.
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 12-30-2013, 05:17 PM   #210
Recycles dryer sheets
 
Join Date: Dec 2013
Posts: 150
I'm glad someone else worries about stuff they have no control over besides me. Makes me feel a well normal. A no maybe not
__________________
Free bird is offline   Reply With Quote
Old 12-30-2013, 05:18 PM   #211
Thinks s/he gets paid by the post
photoguy's Avatar
 
Join Date: Jun 2010
Posts: 2,301
Thanks for the fax suggestions. I'll do that instead of mailing.
__________________
photoguy is offline   Reply With Quote
Old 12-31-2013, 04:53 PM   #212
Recycles dryer sheets
 
Join Date: Apr 2004
Posts: 265
Thanks to the OP for posting this. I had a cd come due at another institution and using the info, I opened a Pen Fed account and cd instead of renewing at current institution.
__________________
FIYes is offline   Reply With Quote
Old 12-31-2013, 05:06 PM   #213
Recycles dryer sheets
 
Join Date: Dec 2013
Posts: 150
Penfed is restocking the shelves with 3% 5 year cd money to loan out @ 5-6% on 30 year mortgages for housing bubble part deux.
__________________
Free bird is offline   Reply With Quote
Old 12-31-2013, 05:28 PM   #214
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
Quote:
Originally Posted by Free bird View Post
Penfed is restocking the shelves with 3% 5 year cd money to loan out @ 5-6% on 30 year mortgages for housing bubble part deux.
Most banks yes, but Penfed has been loaning us money at less than the rate they pay us for CDs for years now. It's magic. or Madoff. or something.
__________________
calmloki is offline   Reply With Quote
Old 12-31-2013, 06:42 PM   #215
Recycles dryer sheets
 
Join Date: Dec 2013
Posts: 150
I choose or something. Stay under the insurance limits & maybe when the music stops your deposits won't turn to dust. Ahh happy new year fellow cd buyers.
__________________
Free bird is offline   Reply With Quote
Old 01-01-2014, 01:04 AM   #216
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by Free bird View Post
I choose or something. Stay under the insurance limits & maybe when the music stops your deposits won't turn to dust. Ahh happy new year fellow cd buyers.
ALWAYS stay under the insurance limit, regardless of what you think of the institution.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 01-01-2014, 01:32 AM   #217
Recycles dryer sheets
 
Join Date: Dec 2013
Posts: 150
Indeed. And regarding that deposit insurance. The maximum insurance per institution is 250k on an IRA. The adding of a benificiary on an IRA does not affect the insurance limit. The phone reps I've talked to at penfed depending on who you talk to have confused the regular share non IRA account insurance rules with the IRA rules. I wanted to believe that adding a beneficiary to an IRA would double the insurance from 250k to 500k.
__________________
Free bird is offline   Reply With Quote
Old 01-01-2014, 06:46 AM   #218
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 1,643
This is correct for an IRA as it is in ONE Name by law. But for Real money (After Tax) you can insure up to $1,250,000 with Joint and BNFs.
__________________
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is online now   Reply With Quote
Old 01-01-2014, 07:23 AM   #219
Dryer sheet aficionado
 
Join Date: Aug 2012
Location: Huron
Posts: 37
Happy New Year PenFed 5 Yr CD now 2%!
__________________
golfersailor is offline   Reply With Quote
Old 01-01-2014, 07:31 AM   #220
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,452
Are you sure? This doesn't say that: https://www.penfed.org/money-market-certificate/ and has "Annual Percentage Yield (APY) is accurate as of January 01, 2014 - January 31, 2014 and is subject to change at any time." in the Details and Disclosures.
__________________

__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 09:45 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.