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Joined: Feb 14, 2011Comments: 156
Forum Threads: 28Forum Posts: 177
Rep Points: 1,210

Recent Community Posts

Waiting Until 70 For SS
Updated: Aug 26, 2016 by Bozo  |  9 comments  |  Miscellaneous

I have read several articles lately about those who have waited to collect SS until 70. If they are not working they have to sign up for Medicare. read more

Money Matters: New Rules Affect IRA Rollovers
Updated: Aug 7, 2016 by Bozo  |  1 comment  |  Financial News

Thanks to Ken's blog his readers know this law that is nearly 2 years old.   I manage my own money and keep a traditional IRA, a SEP IRA and a read more

Andrews FCU 7-Year IRA CD At 3% No Longer Available?
Updated: Aug 2, 2016 by Bozo  |  4 comments  |  Miscellaneous

I went to their website this morning, August 1, and could no longer find the 7-year 3% IRA CD listed.  Has it been pulled?

Patelco IRA CD Info For Those 59 1/2+
Posted: Aug 1, 2016 by Bozo  |  0 comments  |  Miscellaneous

For those over 59 1/2 (or close thereto), you can add one additional financial institution which offers no EWP on IRA CDs for withdrawals for folks over read more

Is 3% The New 4% Spend Down Rate?
Updated: Jul 12, 2016 by Ally6770  |  3 comments  |  Financial News

In monetary terms, Blanchett said for a 50-50 portfolio, that means what was once a 93% success rate of not outliving your money is now only a 56% success read more

Is There A Section On Depositaccounts.Com For "Senior" Savings Rates?
Updated: Jul 11, 2016 by Bozo  |  7 comments  |  Ask The Community

Some banks offer interest premiums for the 50+ (or older) crowd. Is there a place on this web site where those rates are posted? I don't think there is, read more

Weird Recent Experience With USAA Bank
Updated: Jul 7, 2016 by Bozo  |  7 comments  |  Miscellaneous

I am the successor trustee of a trust which owns a seven-year CD at USAA Bank opened in the summer of 2010, currently yielding 3.8%. My accountant read more

Alliant CU Raises Savings Rate .05%
Updated: May 27, 2016 by LR  |  5 comments  |  Bank Deals

I just noticed that Alliant Credit Union has raised its savings rate by .05% APY, to 1.0% APY. Must have happened on the first of the month. I don't now read more

New Malware Goznym Stealing Millions From U.S. Bank Accounts
Updated: Apr 17, 2016 by Bozo  |  1 comment  |  Financial News

A new hybrid malware monster is attacking American and Canadian bank accounts. Known as GozNym, the malicious code actually combines two already powerful read more

Fed Will Likely Hike Rates In June In Wake Of Jobs Report, Economists Say
Updated: Apr 14, 2016 by jimbeau  |  4 comments  |  Financial News

Fresh data from the Labor Department Friday has given the Federal Reserve the green light to raise interest rates in June, economists said. The U.S. read more

Andrews FCU 84 Month 3% IRA CD
Updated: Apr 13, 2016 by bwk1954  |  12 comments  |  Miscellaneous

Had a 5 year 3.04% IRA at Digital CU that matured 10 days ago and scrambled to replace it. I used the weekly CD Summary to look for a replacement read more

Identity Theft
Updated: Apr 11, 2016 by diamondx  |  1 comment  |  Miscellaneous

For those of you who have not yet been a victim, be advised. My wife was just hit. A fraudster (through a "phish") apparently convinced a low-level read more

The Difficult, Delicate Untangling Of Our Parents’ Financial Lives
Updated: Apr 5, 2016 by Bozo  |  1 comment  |  Miscellaneous

From MarketWatch: When my in-laws became too incapacitated to handle their own affairs, my wife and I took over. A year and a half later, we’re still read more

Will A Bank Or CU Freeze A Rate While Funds Are Being Transferred?
Updated: Apr 4, 2016 by Bozo  |  5 comments  |  Ask The Community

I had a rude shock yesterday, I set up a Savings Account with Synchrony to move funds when my Ally Bank 5 year CDs expire end of May.  I thought they read more

Synchrony Bank CD Rate Reduction
Updated: Mar 10, 2016 by buckeye61  |  4 comments  |  Bank Deals

60-month CDs now have an APY  of 2.15% (minimum of $25000) and 2.10% (minimum of $2000). CD | Certificates of Deposit | Synchrony Bank

15 Mo CD 1.51% APY
Updated: Feb 25, 2016 by Ricochet  |  5 comments  |  Bank Deals

I just noticed this rate today, which I don't believe I have seen anyone mention.  It seems to compare pretty favorably to the 12 month and 18 month read more

10 Things Boomers Must Know About RMDs From IRAs
Updated: Feb 12, 2016 by Bozo  |  1 comment  |  Financial News

From Kiplinger: Nobody was thinking about RMDs at Woodstock.  It's a watershed year for the baby boom generation. In 2016, the first of the boomers read more

Branches In Florida And Georgia
Updated: Feb 8, 2016 by Bozo  |  15 comments  |  Ask The Community

I was told that State Farm Bank has 2 branches on the East Coast.  One in Florida and one in Georgia.  Is this true?

Another Good Day For CDs
Updated: Feb 6, 2016 by Bozo  |  3 comments  |  Miscellaneous

Whenever my wife asks about "Mr. Market", I merely point out (a) it's not under my control, and (b) my serious money is in CDs.

Record Low U.S. Treasury Yield In Sight As Global Slowdown Seen
Updated: Feb 4, 2016 by Bozo  |  1 comment  |  Financial News

Treasury benchmark yields fell to within half a percentage point of a record low as interest rates plunged around the world, raising concern the move read more

Bernanke Says Fed Likely To Add Negative Interest Rates To Recession-Fighting Tool Kit
Updated: Feb 4, 2016 by Bozo  |  9 comments  |  Financial News

By WASHINGTON (MarketWatch) - The Federal Reserve should consider using negative rates to counter the next serious downturn, said former chairman Ben read more

IRA CD No EWP > 59 1/2
Posted: Nov 6, 2014 by Bozo  |  0 comments  |  Bank Deals

Not my find. Credit goes to poster "Protagonist" over at Bogleheads. 2.25% 5-yr IRA CD with no EWP for withdrawals if over 59 1/2. Refers to "pay the read more

IRA CD Partial Withdrawal
Updated: Nov 6, 2014 by Bozo  |  4 comments  |  Bank Deals

Some months back, Ken noted that Synchrony's IRA CD had the feature for folks over 59 1/2 that IRA CDs could be closed before maturity without EWP. Ken read more

Synchrony revises early withdrawal ‘perk’ for IRA owners over 59-1/2
Updated: Nov 5, 2014 by Eliezer Rabinovich  |  2 comments  |  Financial News

From Bankaholic: In the past, language in disclosures for CDs being offered for IRAs by Synchrony (then known as GE Capital Retail Bank) permitted read more

25% Of Americans Saving $0 For Retirement, Report Says
Updated: Jun 25, 2014 by paoli2  |  12 comments  |  Financial News

From NBC News via Yahoo Finance: Retirement savings for about a quarter of Americans amounts to ... $0. One out of every four Americans is not read more

New Take On Asset Allocation: Include Your House And Social Security
Updated: Jun 24, 2014 by paoli2  |  5 comments  |  Financial News

From The Wall Street Journal: When deciding how to divide a portfolio between stocks and bonds, many investors simply subtract their age from 100 to read more

This Is Your Last Shot At Preparing For A Comfortable Retirement
Updated: Jun 23, 2014 by lou  |  3 comments  |  Financial News

This past Friday, the Social Security Administration released its annual Trustees' Report detailing the health of the Social Security system and its Trust read more

NOT Impressed
Updated: Jun 7, 2013 by Bozo  |  1 comment  |  Bank Reviews

We LOVED United Bank of Kansas. Then Morrill and Janes Bank bought them :( Its not the same, they don't know us, they don't seem to care they way the read more

Paul Farrell: Stock Crash By Year-End 2013 (87% Risk)
Updated: Jun 6, 2013 by 51hh  |  11 comments  |  Financial News

From MarketWatch.com: Doomsday poll: 87% risk of stock crash by year-end - Paul B. Farrell - MarketWatch This is the only "good news" of the day, with read more

Mom And Pop Are Still Scared To Death Of Stocks
Updated: Jun 5, 2013 by Bozo  |  6 comments  |  Financial News

Top wealth chiefs at Bank of America Corp's Merrill Lynch and Wells Fargo & Co say many retail investors are still very hesitant about getting back read more