Fifth Avenue Forum

Yep.

It's the same. It could have the appearance of "getting screwed" because it is doubtful he'd be able to buy the exact same funds in the new place so it's not apples to apples.

If he could put his money in the exact same funds at the exact same breakout, then there would be no visual difference outside the cost basis - think of it like a single stock. But even a S&P 500 fund account between 2 different brokerages will have differences.

My wife and I both have CDs that just matured, and I'm on the fence about what to do with the cash. I actually think we have too much allocated to savings/CD accounts, but 2022 is still in the back of my mind. I'm thinking I should still just throw it into VTSAX in our Brokerage account.

FWP

No idea what that acronym is, but I spoke with my wife and we're just going to invest a large chunk of it. Gonna split it like 80/20 VTSAX and AAPL.

If it's money you don't need anytime soon for anything then absolutely the market is the way to go. If it's emergency/rainy day money or money you need in the next 2-5 years, I probably keep plugging away at those high CD rates before they start to come back down.

Definitely the former, so I invested it this morning. AAPL went down a bit by the time I got around to it, and is already back up.

So, yesterday I noticed my 401(k) from my previous company that I left in 2022 all of a sudden had 700 dollars in it. I called Fidelity and they said it looks like they were making me whole from a missed calculation with the match. It would of been nice to have that 700 dollars in the market.. Should I reach out to my old company to complain, or just take it and shut up?

This feels like a "take it and shut up" situation. It's $700 that you didn't have before.

you are entitled to lost earnings - do you know if that 700 definitely doesn't include lost earnings?

https://www.askebsa.dol.gov/VFCPCalcula ... 1706541314

you are entitled to lost earnings - do you know if that 700 definitely doesn't include lost earnings?

https://www.askebsa.dol.gov/VFCPCalcula ... 1706541314

I am reaching out to my old company today. It just feels weird that they didn't send me a letter or any communication.

Tell them to add a zero to the end of that number for having to deal with this nonsense.

Seems like a lot of work for what I would imagine to be a pretty marginal amount of lost earnings

1/2022-now would be about $80-90

Yeah no way I do that for $80. I'd probably start thinking about it at $100 but probably would need $150+

Speaking of falling into money, apparently JCPenney didn't actually refund me a return in 2020 and sent me a notice that I can claim $71.99.

I may be moving my Marcus money over to Everbank - standard interest rate of 5.0%. Anyone else know anything about them, other than they sponsor the Jaguars stadium?

Did you make the switch? Marcus apparently no longer supports 3rd party aggregators (Quicken, Mint, etc.), so I'm extremely disappointed with them. I'm open to a move now.

I haven't moved out of Marcus completely, but I did open an Everbank account and made a deposit. I'll probably start moving the Marcus money over there soon. Everbank was part of TIAA, which I already use for retirement, so it's all under one roof, so to speak. They are getting their own app later this year. I don't use 3rd party apps with TIAA, but I know it does support them.

...and now Marcus downloads are working again in Quicken, lol. I guess when they say "they no longer support 3rd party aggregators", they really mean "we can't help you".

Marcus won’t be around in 24 months if I were to guess

A few months ago, PNC sent out emails that they were dropping 3rd party aggregators as well. I guess they had a lot of complaints as they reversed the decision, but them even thinking of dropping them made me move away from them.

Marcus won’t be around in 24 months if I were to guess

Reason why?

Marcus was a push by Goldman to break into consumer banking. 7+ years in it hasn't turned a profit and their consumer banking efforts have over $1B in losses.

The good news is that there are a million options available to just about everyone: https://www.depositaccounts.com

Citizens Access which is an online part of Citizens bank from what I read had a HYSA for 4.50% APR. So I signed up for that since I already use Citizens for most of my other banking needs. Did a couple test transfers just to make sure it works before I consolidate all my savings in that account and let it sit.