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Synchrony Bank has a 14 month CD rate at 5.15% on its website that I put a few bucks in today.

Well to me it actually does prove there point. Nobody on here said they spend more on Amazon just to help their charity. In other words, instead of going to Home Depot or Walmart I am going to buy on Amazon just to get the benefit for the charity. That is partially why they created the...

Yes I have deposited checks via mobile app camera with Fidelity to my brokerage cash mgmt account. Extremely convenient.

For CD buyers, I moved money from Ally No Penalty CD this week to Fidelity Brokerage and purchased a 2 yr CD from Ally Bank at Fidelity with a 3% rate. Right now the current list of brokered CDs for 2 yrs listed are 2.9%. 3yrs are at 3.15% I would strongly encourage those who have CDs at...

If you have a brokerage account I would suggest buying T-bills at auction 56 week and 2 yr bills split based upon when you plan on spending it. There is another discussion down below asking about t-bills. https://www.early-retirement.org/forums/showthread.php?p=2765955

MJ, yes the 1 yr required starts on month of purchase (thus the advantage to pre-purchasing now for delivery in 2023). It can be redeemed after that 1 yr purchase anniversary by the giftee after you deliver it to them with the 3 months interest penalty if not held for the 5 yr minimum.

I am also keeping my pre-tax money in my 401k because I have moved once in retirement to a different state and may move again in the future as I have many years left hopefully. I do some Roth conversions every year to my Roth IRA and I also have a Personal Umbrella insurance policy so for my...

No, this is not like an IRA. It works on calendar year only. You can purchase as gifts to be delivered in future years as discussed in previous posts.

Thanks for confirming, I just wanted to make certain. Appreciate the quick response.

Accidental Retiree, did you set up a new account # and separate login on TD from your individual accounts? I have a revocable trust and want to setup and purchase I bonds in that. Thanks.

Yes it is called a Medalion Guarantee and it is a green stamp. If it is not green or a black and white copy it will likely be rejected. Sent from my SM-G955U using Early Retirement Forum mobile app

marko, just my 2 cents but I would strongly take what "cathie63" says seriously. She has the experience and knowledge in this area and with the limited time before you need to make that withdrawal by Dec. 31st, I would talk with your accountant now to meet that deadline to qualify for stretch...

When I set it up in the early 2010s, if you wanted to name a beneficiary you did need a SS# for them. I only had one of my two brothers SS#, so I set them up as my beneficiary. I can't speak for the current process, but I can't imagine you not needing a SS# now. You can set it up without one...

I had a Treasury Direct account as I previously converted paper I-Bonds and direct purchased some I-bonds 8-9 years ago when I lived in a different location. I had a different bank account in TD that I closed after I moved and it would not allow me to set-up a new bank account to my existing TD...

I was going to suggest the exact approach you decided upon to put half the amount you were going to and pay off the truck early and leave the mortgage as is. Then when you pay off the truck, take the actual truck payment and put that to reducing the mortgage. I do like the I-Bond suggestion...

Alvin, just one thing of note you do not need to purchase in early January, you can purchase toward the latter half of January and be credited in the system with purchasing as of Jan. 1st. That way you can get a few pennies of interest from an online savings account before sending money to...

steelyman, FYI, it took just under 3 weeks from the time they received my mailed medallion signature document Nov. 5th and I got the notice yesterday it was setup Nov. 24th. I submitted my $10k purchase yesterday to be completed tomorrow. Sent from my SM-G955U using Early Retirement Forum...

Thanks for the information. I just downloaded the H&R Block Deluxe + State from Amazon. I love this forum. Sent from my SM-G955U using Early Retirement Forum mobile app

Correct, with I-bonds purchased from Treasury direct, the principle is always safe and interest earned is paid out less 3 month penalty interest for less than 5 years held. (This assumes full faith of US govt. does not default during your holding period). Sent from my SM-G955U using Early...

Thanks for letting us know the 2022 updates are in the my Social Security. I printed my statement out last month and my projected age 70 gross amount today went up $100/month and the age 67 that I currently am planning is up $81/mo. Still more than dozen years away so anything can happen but...

Thank you all for the feedback and clarifications.

I have seen other posts with comments regarding people who have birthdays in the last quarter of the year if eligible SS recipients wait until January of the next year to start social security payments they lose part of the cost of living increase. My oldest brother turns 62 in the early part...

I have not personally used them for planning (I have done a few of Ric Edelmans online seminars along with reading several of his books) but 3-4 times a year they offer to do a complimentary detailed overview (normally costing about $1000) that you can sign up for with one of their advisors. If...

I agree and pass my thanks to Car-Guy also for posting all the jokes as I am getting a kick out of them.

Austin, if you are sure that you want to help with tuition, can you not just set up in a 529 college plan and withdraw at that time for allowed education expenses without some federal tax consequences in that year. Now there may be other financial aid issues to consider but that might be an...