Today, I received a notice from USAA that I have been with them for 40 years and qualify for the Senior Bonus. How does the amount of the Senior Bonus compare to the annual Subscriber Account distribution? 10% additional? 50% additional?
USAA Senior Bonus - 40 years of membership
- Thread starter Buckeye
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Koolau
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Sorry, not a member, but let us know so we can celebrate with you.
I still recall having enough at Vanguard to (finally) rate Admiral status (Significantly lower expense ratio.)
Congratulations!
Buckeye
Thinks s/he gets paid by the post
Sorry, not a member, but let us know so we can celebrate with you.
I still recall having enough at Vanguard to (finally) rate Admiral status (Significantly lower expense ratio.)
Congratulations!
What I want to know is how it can be possible that I have done something as an adult for FORTY years!!! And is it really necessary to call it a SENIOR bonus?
REWahoo
Give me a museum and I'll fill it. (Picasso) Give
The Senior Bonus amount should be 10% of the amount in your Subscriber Account. Not sure there is any relation to the regular distribution as that amount fluctuates based on what sort of year USAA had regarding losses, etc.
FWIW, this will be my 12th Senior Bonus payout.
FWIW, this will be my 12th Senior Bonus payout.
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Buckeye
Thinks s/he gets paid by the post
The Senior Bonus amount should be 10% of the amount in your Subscriber Account. Not sure there is any relation to the regular distribution as that amount fluctuates based on what sort of year USAA had regarding losses, etc.
FWIW, this will be my 12th Senior Bonus payout.
Thank you for the information. That will help offset my auto insurance premiums which have gotten ridiculous IMO. We have to keep high liability limits to mesh with our umbrella policy and that part of the auto insurance keeps going up significantly in FL every year.
That's exactly right. It will show up in February (the regular distribution comes in December). You can either take it in cash or have it automatically applied to your insurance bill (which is what I do).
REWahoo
Give me a museum and I'll fill it. (Picasso) Give
I understand the "Retain" option to mean you wish to decline the distribution of the 10% Senior Bonus payment from your account this year. It will be retained in your account balance from which another 10% Senior Bonus will be paid the following year.
