Investing, Stock Market and Retirement Planning Thread
Investing, Stock Market and Retirement Planning Thread
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.
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.
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Investing, Stock Market and Retirement Planning Thread
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.
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Investing, Stock Market and Retirement Planning Thread
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.
Investing, Stock Market and Retirement Planning Thread
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.
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Investing, Stock Market and Retirement Planning Thread
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.
Investing, Stock Market and Retirement Planning Thread
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?
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Investing, Stock Market and Retirement Planning Thread
This feels like a "take it and shut up" situation. It's $700 that you didn't have before.
Investing, Stock Market and Retirement Planning Thread
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
https://www.askebsa.dol.gov/VFCPCalcula ... 1706541314
Investing, Stock Market and Retirement Planning Thread
I am reaching out to my old company today. It just feels weird that they didn't send me a letter or any communication.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
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Investing, Stock Market and Retirement Planning Thread
Tell them to add a zero to the end of that number for having to deal with this nonsense.
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Investing, Stock Market and Retirement Planning Thread
Seems like a lot of work for what I would imagine to be a pretty marginal amount of lost earnings
Investing, Stock Market and Retirement Planning Thread
1/2022-now would be about $80-90
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Investing, Stock Market and Retirement Planning Thread
Yeah no way I do that for $80. I'd probably start thinking about it at $100 but probably would need $150+
Investing, Stock Market and Retirement Planning Thread
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.
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Investing, Stock Market and Retirement Planning Thread
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 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?
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Investing, Stock Market and Retirement Planning Thread
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.
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Investing, Stock Market and Retirement Planning Thread
...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".
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Investing, Stock Market and Retirement Planning Thread
Marcus won’t be around in 24 months if I were to guess
Investing, Stock Market and Retirement Planning Thread
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.
Investing, Stock Market and Retirement Planning Thread
Reason why?Marcus won’t be around in 24 months if I were to guess
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Investing, Stock Market and Retirement Planning Thread
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.
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Investing, Stock Market and Retirement Planning Thread
The good news is that there are a million options available to just about everyone: https://www.depositaccounts.com
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Investing, Stock Market and Retirement Planning Thread
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.
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