|
|
03-24-2014, 01:45 PM
|
#21
|
Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Colorado Mountains
Posts: 3,165
|
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it all out and said I would automatically get a tax-free check for the proportional tax-free amount based on the amount withdrawn.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.
|
|
|
|
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!
|
03-24-2014, 03:24 PM
|
#22
|
Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
|
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.
|
|
|
03-24-2014, 03:29 PM
|
#23
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
|
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
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
|
|
|
03-24-2014, 03:44 PM
|
#24
|
Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
|
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.
|
|
|
03-24-2014, 08:14 PM
|
#25
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,327
|
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.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
03-25-2014, 04:36 AM
|
#26
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
|
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.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|