What he is saying is that there are banks that offer CDs through marketplaces (brokers) that are not based in the U.S. They have an office in the U.S. but no direct relationship with a client. They are FDIC insured. They don't show up on Bauer Financial as they have not yet submitted financial statements for the year ending 12/31/2024. There may be restrictions on citizens in some U.S. states from buying the CDs.
That seems like belt and susenders. If it’s FDIC or NCUA I’m not worried about star ratings. The very best CDs I’ve purchased were credit union issues with NCUA coverage that I can add-on during the term.
I like belts and suspenders. Just trying to avoid any "potential" entanglements/delays in getting my money. YMMV
In both cases, if in an IRA the taxation is similiar to a CD held in an IRA. If the MYGA is in an traditional IRA that is all deductible contributions then all withdrawals would be taxable income. Conversely, if held in a Roth IRA they would be tax free.
That may be so but it's been a long time since I've invested in Treasuries so I can't really comment. HOWEVER, I always keep enough (~1/4m) in MM's funds in case I need quick (overnight) cash. So I've been buying/building short term (9 to 18mo) brokered CD's (bCD) ladders and keep replacing rungs as they mature. So at this time I have bCD's rungs maturing every 1 or 2 months that stretch out for the next ~18mos.
CDA - CD AnonymousI have begun the grieving process in anticipation of the maturing (in the next three weeks) of four $50k CDs each with a yield 5% or greater. How will I cope with the loss of that yield knowing that any replacement will pale by comparison? Is there a support group for fixed income investors in a declining rate environment?
I purchased a treasury just over 5% yesterday- but had to go out about 20 years - which many here argue against. But if rates go up more I will have plenty more to keep riding the wave up,I have begun the grieving process in anticipation of the maturing (in the next three weeks) of four $50k CDs each with a yield 5% or greater. How will I cope with the loss of that yield knowing that any replacement will pale by comparison? Is there a support group for fixed income investors in a declining rate environment?
I have a similar death experience today. I believe it is 5.35% gone, but not forgotten until it goes elsewhere.I have begun the grieving process in anticipation of the maturing (in the next three weeks) of four $50k CDs each with a yield 5% or greater. How will I cope with the loss of that yield knowing that any replacement will pale by comparison? Is there a support group for fixed income investors in a declining rate environment?
It is what it is. I had a 4.55% CD mature on Monday. Since I had holes in my ladder for 2026 and 2027, I found a 2026 maturity at 4.35% and a 2027 maturity at 4.40%. Close enough and a little better than SWVXX.I have begun the grieving process in anticipation of the maturing (in the next three weeks) of four $50k CDs each with a yield 5% or greater. How will I cope with the loss of that yield knowing that any replacement will pale by comparison? Is there a support group for fixed income investors in a declining rate environment?
I was so lucky a couple of months ago when I jumped on an 18 month 5% APY "growth" certificate that allows you to add funds anytime until September 2026 when it matures and still earn 5% APY. Any money I add to it is like buying another 5% certificate when rates are lower everywhere else. I can add up to $100,000. It's still available but has dropped to 4.25% if anyone is interested.I have begun the grieving process in anticipation of the maturing (in the next three weeks) of four $50k CDs each with a yield 5% or greater. How will I cope with the loss of that yield knowing that any replacement will pale by comparison? Is there a support group for fixed income investors in a declining rate environment?
Thanks! What bank?
