Portfolio Without Bonds OK?

[Hermit]

Quote:

Originally Posted by pb4uski IIRC you can roll post tax money in a 401k into a Roth (though there is a bit of tax risk as it isn't clear in the regs). I found out about it well after I had taken and spent the cash. YMMV.

That is what I was trying to do. The first rep didn't know I could withdraw a requested amount up to 12 times a year. The second rep told me I could move all the post-tax out into a Roth. The third rep told me I couldn't do that. A supervisor figured it all out and said I would automatically get a tax-free check for the proportional tax-free amount based on the amount withdrawn. I can then put that money into a Roth on my own within a short time frame. Probably not enough money to attempt to track if it comes out in dribbs and drabbs. I'll probably just collect the cash and spend if foolishly.

[ripper1]

I think a lot of us were lucky to take advantage of the PenFed 5 year certificate yielding 3.04 in late 2013. I also was able to move a majority of my bond money into a stable value fund yielding 3.1.

[nun]

Quote:

Originally Posted by pb4uski Does your 401k offer a stable value fund?

My 457 has a stable value fund returning 2.6 %.......fees are 0.4%. I still have bonds in Wellesley, but I moved my other bond money into the stable value fund to fund ER from 52.5 to 59.5

[ripper1]

Quote:

Originally Posted by nun My 457 has a stable value fund returning 2.6 %.......fees are 0.4%. I still have bonds in Wellesley, but I moved my other bond money into the stable value fund to fund ER from 52.5 to 59.5

Some of are lucky to have these stable value funds at this time. Mine also is from a 457.

[jazz4cash]

Quote:

Originally Posted by Dash man The best CD rate I was able to find this week was with GE Capital Retail Bank at 2.25% APY for 5 years. Not as good as the recent PenFed offering, but I had to put money from another maturing CD somewhere.

I found out (the hard way) that GE Capital Retail Bank offers IRA accounts, but GE Capital Bank does not. The CD rates are similar.

I also use a stable value fund/ bank CD combination in lieu of bonds for my fixed income allocation.

[Dash man]

Quote:

Originally Posted by jazz4cash I found out (the hard way) that GE Capital Retail Bank offers IRA accounts, but GE Capital Bank does not. .

Yes, they are two separate banks acquired by GE and given similar names. GE Capital Bank us more focused on commercial lending, but does offer CD and savings accounts. GE Capital Retail Bank is a more traditional bank and used to belong to NetLife.