Recent content by Golden sunsets

True too!

True only in those states with no state income tax.

Exactly! Those folks would rather have a 5 year CD yielding 4.6% for 5 years, then have a 1 year CD yielding 5.15% for one year and then nothing near 5% or even 4.6 % to reinvest in a year down the road.

We have been especially alert to CD rates with 5 year maturities of late as we have a CD maturing this month in our 5 year ladder. As far as I can see the highest non callable rate I can find at Fidelity for new issues is 4.35%. For secondary market non callable I'm seeing 4.46%. For direct...

Both DH and I receive our SS checks on the second Wednesday of the month. Our bank annoyingly pings us with the deposit notification on our cell phones in the middle of the night. Last night it was at 3:30 AM.

Our milestones were achieved in 2001 2006 2012 2017 2020 2021 It took 30 years after graduating from college in 1971 to hit the double comma club.

We didn't have to pay it back. Effectively our real estate taxes were frozen for one year (this year). Starting this fall our taxes pop back up with two years worth of tax increases occurring immediately. The reversed law was so crazy that you could remodel/add-on/expand your home and there...

Just an anecdote on a similar law passed in my State two years ago(ME). Once the law became effective and folks realized there was no earnings test and thus a windfall for high net worth individuals and towns realized the amount of revenue they would lose over time, causing growing budget...

CalifGirl; you are bare bones on your budget. The only real place for you to cut is giving, which I suspect would be a hard No for you. As Athena mentioned, you don't seem to have a fund for unusual expenses which happen with great regularity to most people. Your savings of $150,000 is...

Yes, I created a spreadsheet showing the accrued interest reported by Fido on the 2022 1099 return and whether it applied to 2022 or 2023. My accountant used this spreadsheet to correctly apply the accrued interest. A large portion of the accrued interest actually applied to 2023 earnings and...

I'm a little confused on the accrued interest issue. It's my understanding and experience with Fidelity that they report accrued interest as a separate line item on their 1099. They report it in the year that the purchase is made, which raises another issue if your next interest payment on the...

If you don't mind sharing, are the amounts that you are able to buy in amounts that make it worth it? I have seen some juicy rates on brokered Fidelity CD's but only in very limited quantities. My search criteria are similar to yours; Looking for replacements of maturing CD's in the 5% range...

The math certainly makes sense. What brokerage firm are you using to purchase these secondary market CD's?

1/31/24. Up .66%.