Investing, Stock Market and Retirement Planning Thread

[skullman80]

Yeah both our car loans are through Clearview Credit Union, but sadly they don't offer as good APR rates for savings accounts as some other places do for savings accounts.

We park our savings in Citizens Access which is the online partner of Citizens bank, but they are completely separate technically somehow. Transfers are fairly quick (48 hours ish). So we put the majority of our money there and keep a smaller amount in our checking account as a just in case.

I honestly hardly ever user my debit card for anything, but I still like keeping a little bit of money in my checking account as does my wife.

[NTP66]

PSECU has pretty light restrictions on membership, too. You could pay $20 to join that one council, and you'd then be eligible. I did the same for some other bank a while back... think it might have even been Pennsylvania Consumer Council, which PSECU also accepts.

[dodint]

My parents were corrections officers for the state so that's how I got in.

I remember their banking software, back in 1996 or so, came on floppy disk. They were always very progressive about technology (probably because they don't have local branches). They marketed themselves as "The Cyber CU" for a long while. I'd love for them to be my full time local banking solution but they don't have branches so I use Dollar Bank as a pass-thru.

[NTP66]

Marcus's savings rate dropped from 4.50% to 4.40%.

[dodint]

Hopefully my variable HELOC follows suit.

[Beveridge]

Might be time to look at EverBank.

[DigitalGypsy66]

Everbank works great for me because it's still tied to TIAA-Cref, where I have my retirement accounts. 5.15% APR right meow.

[RonnieFranchise]

I use my credit union from work, Utilities Employees Credit Union. They are great and very member-friendly, which I doubted since they only have one office somewhere near Reading.

My only beef is that we did my son's private student loan through them as a line of credit and the interest on that specifically is ridiculous. I told him, he needs to look to refinance it because he will make no headway paying it off otherwise.

Credit cards, mortgage rates, can't beat em which is why the student loan is weird to me.

[mac5155]

I got a solid rate with Earnest refinancing some private loans but this was about 6 years ago. Good luck. Private student loans are super high risk.

[scb147]

I refinanced my student loans with First Tech credit union a few years ago. I've since paid them off, but I believe my rate was around 5%, which was a great rate at the time for a student loan refinance

[NTP66]

Soooo do you buy puts of DJT? Would that be free money at this point?

They’ll be giving away shares for free soon enough at the rate this thing is falling.

[King Colby]

Everbank works great for me because it's still tied to TIAA-Cref, where I have my retirement accounts. 5.15% APR right meow.

How frigging long does it take for funds to become available? I deposited a bit in there like last Thursday as a test and it's still not "available"

[DigitalGypsy66]

That's a little long. I thought it was 48 hours or so

[Pavel Bure]

So much for not being able to sell for 6 months.

https://www.usatoday.com/story/money/20 ... 329859007/

Trump Media, the parent company of social media platform Truth Social, filed to register up to 146.1 million shares for sale, including nearly 115 million owned by Trump.

[mikey]

I know folks get all flush when they see his name...but that doesn't mean that he sold his shares. This is a fairly ordinary course - even bureaucratic - move that does enable shares to be sold publicly...

That said, it's a pretty thinly-veiled cash grab...eventually. Using a shell company merger to go public is, AIUI, a much faster route to cashing out than an ordinary course IPO...this, no doubt, comes as no surprise to most...

[NTP66]

They diluted their own pool and sank the stock something like 15%.

[NTP66]

Just updated Quicken for the first time in two weeks or so, immediately regretted it.

[Pavel Bure]

Need BTC to crash again so I can start buying again. I was for a while just throwing $50 a paycheck at it. Gonna cash out when I’m 60. I don’t think I’ll get rich but I do have confidence that I’ll come out with more than I put in. Also, I’m probably a rube.

[mac5155]

Investing in bitcoin and ethereum to me is like going to the casino. I go in with $200 expecting to have fun and walk out with $0 but hope I walk out with more.

I have a $225 total investment that's now worth $1200, and it's like... Cash it out? Or let it ride to the moon. May as well do the latter. Doesn't feel like I'll ever lose

[AuthorTony]

Question for yinz who are smarter than me (pretty much all of you). I have a friend who turned 62 in Jan. She is still working and makes approx. $34K gross per year. She wants to retire but worries that she can't afford to as she rents and has all of the usual bills. She is also in pretty poor health, so I don't foresee her making it to 70+.

She's trying to decide whether to take her social security now. I know she'd have to pay some back after earning a certain amount (I think it's around $24K) but I don't know exactly how that works. Let's say her SS should be $1000 a month (I have no idea the real number, just using a nice round figure), she'll take a 30% hit for taking it early, bringing it down to $700. Can anyone give me a ballpark of what she would clear on social security with her current working income? She's an incredibly lazy procrastinator and won't do any of this research on her own, but if it could get her a couple hundred bucks a month extra until she retires, it might get her off her laurels.

[mac5155]

I truly don't know, but someone did tell me that you have to live until you're like 80 to make up for what you lose if you wait until you're 65.

[Beveridge]

1. I would never take out SS early while working. Not worth the penalty.

2. I would always recommend taking SS if you do retire early for 2 reasons. 1. It takes a bit of time until you hit the breakeven point. 2. If you invest that money, you'll have more than if you were to wait.

All of that being said, based on what you mentioned, I'd probably work until I get on Medicare and then call it a day.