I went to sell my record collection but they only offered 400 bucks so I bought a Tangerine Dream & King Crimson 5 cd box sets for 30 & 25 dollars. If you can handle the storage this one of the best times to invest in cds if you find em at the right price
Great discussion about RMD penalties. While the penalties have become less severe, some believe that the IRS will become stricter when enforcing those penalties of 25% and 10%. Even though there previously was a 50% penalty, very few people paid it, even with the weakest of explanations.
I bought a 1yr CD at 5% but anything longer than that drops off a cliff so i cant really buy a CD Ladder? It used to be the longer the CD the Higher the rates?
Very sad for the widow to pay so much taxes after her husband passed. This could result to change residence because this could mean unaffordable to live the way of life they used to have when her husband was alive.
Hard to beat treasury bills with a CD rate. Treasury are paying over 5% on everything up to a 1 year bill. CD rates are not better than that. I live in a high tax state and treasuries are state tax free.
Marines are bad ass, but sadly, they struggle the most transitioning from service. Many separate without higher education, etc. The Corps doesn't care what you do when you're out, similar to the Army. They care about being an infantryman and shooting a weapon. Every Marine I know struggled in the civilian world.
As a former Marine I have to agree? They trains us Very Well to Do our jobs? That is frowned upon in the civilian world? I adjusted very well, work in a Hospital but many of my veteran friends did have problems?
No offense to these financial experts, but with the way the US dollar's value being as low as it is and the fact the dollar is on the verge of being replaced around the world, investing in ANYTHING that just produces dollars seems like a bad move. What exactly would be the point in doing something to make millions of dollars when dollars eventually vanish? Need to invest in something that is outside the dollar.
I went to sell my record collection but they only offered 400 bucks so I bought a Tangerine Dream & King Crimson 5 cd box sets for 30 & 25 dollars. If you can handle the storage this one of the best times to invest in cds if you find em at the right price
Why CD ladders instead of treasuries for their tax advantages (no state taxes)?
Fidelity has 5 year brokered CDs for4.45% now. Callable ones are 5.3% for 5 years and 10 years (non callable 10 year is 3.9%)
Back in May Fidelity was 5.5% for a 6 month CD and 5.25% for 8 months.
Just opened a 5 year CD @ 5%. Don’t need the money for a while. Already have an emergency fund.
Where
Farmers Insurance Federal Credit Union. You will need to become a member to do so. Only $5.00
Do they pay 5% at the end of 5 years or they pay you a monthly interest of 5% as compound basis?
Roth IRA and Roth 401K withdrawals does not count as income. This is huge in retirement. Why is this hardly ever mentioned?
Because most of the people watching this are retired or close to retirement, it might be too late. Conversations later don't always help.
Great discussion about RMD penalties. While the penalties have become less severe, some believe that the IRS will become stricter when enforcing those penalties of 25% and 10%. Even though there previously was a 50% penalty, very few people paid it, even with the weakest of explanations.
Enjoying your show. I want to rollover my 403b to a traditional Ira but not sure. Been thinking about fidelity or my esl acct. I am retired.
I think they can temporarily be part of your plan until they drop again.
I actually just did one 150 k at 5 percent for 8 months
150k waooo 😂 you should buy me a running shoes for Christmas 🎄🤣 Lots of blessings for you and your investment 🙏💰
Bro said “a running shoes” 💀
@@jollama 🏃 💨
@@KOKOFINANZAS If you were smart you’d have done the same thing or something with a higher return instead of typing useless comments
@@jollama you are right, thank you for the knowledgeable words, we need more smart people like you ✔️👏
I bought a 1yr CD at 5% but anything longer than that drops off a cliff so i cant really buy a CD Ladder? It used to be the longer the CD the Higher the rates?
Very sad for the widow to pay so much taxes after her husband passed. This could result to change residence because this could mean unaffordable to live the way of life they used to have when her husband was alive.
I’m getting 4 1/2% interest rate through Michigan school and government and Christian financial credit union
Great show! Thanks
Buy short term Treasury Bills. They’re currently paying 5.3%. If you live in a state that collects taxes, Treasury Bill interest is state tax free.😊
Thank you !
Hard to beat treasury bills with a CD rate. Treasury are paying over 5% on
everything up to a 1 year bill. CD rates are not better than that. I live in a high tax state and treasuries are state tax free.
Treasurydirect.gov
So, is this a yes or no?
What happen if you put your money in a 6 months CD and the bank went out of business after 3 months?
FDIC insurance
@@patrickg7569Just don't have more than the $250,000.00 in each FDIC insured bank that is covered.
@@johnkelly9451or 500k in a joint account.
Bro really forgot what FDIC insurance was
My CU has 11 mo. CD at 5.5%
Marine Corpse? Really!! WTFO!!
Marines are bad ass, but sadly, they struggle the most transitioning from service. Many separate without higher education, etc. The Corps doesn't care what you do when you're out, similar to the Army. They care about being an infantryman and shooting a weapon. Every Marine I know struggled in the civilian world.
You don't know enough Marines.
@@Objectified If you say so. 🤣
As a former Marine I have to agree? They trains us Very Well to Do our jobs? That is frowned upon in the civilian world? I adjusted very well, work in a Hospital but many of my veteran friends did have problems?
If your roll over in a renewal of a CD do the gains get taxed?
Yes. You get taxed in the year you receive the interest, UNLESS in a tax sheltered account, like IRA etc...
Invest in CD 4 a short term make money then reinvest
No offense to these financial experts, but with the way the US dollar's value being as low as it is and the fact the dollar is on the verge of being replaced around the world, investing in ANYTHING that just produces dollars seems like a bad move. What exactly would be the point in doing something to make millions of dollars when dollars eventually vanish? Need to invest in something that is outside the dollar.
So just stop making money because you’re scared the US dollar might fall ?
🤡
Did you just say Marine 'CORPSE. 😂 Its "Marine Core"
Marine corpse? Really??
So Cute