The Deuce
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The Deuce
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There are some money market accounts, some with checking and/or ATM access, around 5%
Archived Message
Posted by RSMBob
on January 17, 2024, 10:46:35, in reply to "
Deuce personal finance whizs...
"
Looking at some to set my mom up with one as well.
Some have limited check writing (like 5 or 6 per month) before fees kick in
Message Thread:
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This response
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Deuce personal finance whizs...
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Tuscy
January 17, 2024, 10:17:50
Wheat kind of return can you get with hookers and blow?*
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timmer
January 17, 2024, 16:31:32
He ought to try it and find oat.*
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Illiniphil
January 17, 2024, 16:59:52
There's a kernel of truth in what you say *
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jdl
January 17, 2024, 17:06:10
I can barley believe anyone would follow this advice*
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Herman Blume
January 17, 2024, 22:26:26
He’d probably just make a meal of it if he did *
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ATL
January 18, 2024, 6:09:53
He's a cereal liar*
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Phytynlini
January 18, 2024, 6:43:15
There's no whey he's tell us the truth.
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Illiniphil
January 18, 2024, 6:55:58
I've seed it for years around here.*
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Illiniphil
January 18, 2024, 6:57:57
actually helpful*
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reggiedunlop
January 17, 2024, 14:34:21
It's nice that the board can help you finally become adult-adjacent*
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longsnapper
January 17, 2024, 15:03:01
let's not presume I am too far along this road*
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reggiedunlop
January 17, 2024, 15:17:08
ooo.
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longsnapper
January 17, 2024, 15:26:09
Isn't there a max on 401k contributions? How do you get around that?*
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Philo
January 17, 2024, 11:11:04
tax law changes about inherited retirement accounts have people reconsidering
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Potomac
January 17, 2024, 15:00:19
Yes. Maxing it out. Won't be able to do the full amount. *
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Tuscy
January 17, 2024, 11:14:22
I guess I missed it in the other thread but that’s a hell of a match.*
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ATL
January 17, 2024, 11:33:10
Yeah, and I got excited this morning doing some planning and got out over my skis a bit.
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Tuscy
January 17, 2024, 11:48:18
My old job allowed after tax contributions. Once I hit the total contribution limit,
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ATL
January 17, 2024, 11:14:02
SPRXX current yield 5.07%. Savings accounts are for losers*
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Stu
January 17, 2024, 10:47:33
Bubba SPRXX?*
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PDO
January 17, 2024, 22:07:49
Probably not a good fit for as liquid as I may need it to be.
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Tuscy
January 17, 2024, 10:52:58
Wut? Its just an electonic overnight transaction*
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Stu
January 17, 2024, 11:04:10
money markets have no fees and are pretty quick at redemption - Schwab is 5.23%
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Potomac
January 17, 2024, 10:58:11
Quick probably isn't an issue. Stu was posting a money market fund not an account.
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Tuscy
January 17, 2024, 11:01:18
Wut?*
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Stu
January 17, 2024, 11:05:03
I do these transfers all the time between BOA checking and SPRXX*
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Stu
January 17, 2024, 11:09:20
Sure, so was I. I have a MM fund in my Schwab account*
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Potomac
January 17, 2024, 11:04:38
Good deal then. Thought I'd have fees for selling or for liquidating more than x% of the value.
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Tuscy
January 17, 2024, 11:16:28
Our financial guy had us move virtually all the $$ we used to have in a high yield savings account
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DocWalk20
January 17, 2024, 15:30:18
Helpful. Thanks! *
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Tuscy
January 17, 2024, 15:47:19
if you have Schwab have you considered Treasurys for a bit less liquidity?
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Potomac
January 17, 2024, 15:34:15
Not really with any level of seriousness. Though I am overdue for a touch base with my financial
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DocWalk20
January 17, 2024, 15:36:28
There are some money market accounts, some with checking and/or ATM access, around 5%
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RSMBob
January 17, 2024, 10:46:35
I’m getting 4.35% from my savings account at Ally. 4.70% at Personal Capital.*
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ATL
January 17, 2024, 10:43:41
How local does the financial planner need to be?
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EffinIllini
January 17, 2024, 10:37:01
never trust anyone from mattoon*
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lcubed
January 17, 2024, 10:44:00
Not a finance whiz, but accessibility and stability to me reads high yield savings account
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snipes824
January 17, 2024, 10:22:24
Doesn't SoFi have a 2-3 day transfer process?*
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longsnapper
January 17, 2024, 10:32:06
A day or two maybe from memory
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snipes824
January 17, 2024, 10:36:14
Was looking at SoFi and Discover.*
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Tuscy
January 17, 2024, 10:26:01
I like SoFi because they seem very tech forward
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snipes824
January 17, 2024, 10:34:19
Does it require a recurring automatic deposit?*
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Tuscy
January 17, 2024, 10:41:35
Yes. My work direct deposit is now $25 into SoFi checking, balance into Chase checking
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snipes824
January 17, 2024, 10:44:10
Got it. Thanks.*
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Tuscy
January 17, 2024, 10:44:54
No prob. As I said, other setups might be better so definitely check them out*
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snipes824
January 17, 2024, 10:46:27
We get 5% on our Flourish account*
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longsnapper
January 17, 2024, 10:31:43
Looking into it. Need to figure out what the hell it actually is! lol *
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Tuscy
January 17, 2024, 10:32:17
Seems pretty straight forward. Thanks.*
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Tuscy
January 17, 2024, 10:40:48
Yep. Super easy.*
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longsnapper
January 17, 2024, 10:41:28
Check out Axos & Flourish.*
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longsnapper
January 17, 2024, 10:20:43
crypto*
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Sounder
January 17, 2024, 10:20:37
Searching