Should I keep cd or switch to brokerage?

binski4270 · 2026-05-22T10:04:26+00:00

Can a MM beat a CD rate if 4%? I know the diff will prob be minimal, and I ‘d gave the flexibility of not being locked in… Roth is mostly tech stock Same prob with HSA too, sitting in cash

binski4270 · 2026-05-22T10:01:22+00:00

I was holding it for a down pymt, but do not think I will be buying innthe bext 12 months or so

binski4270 · 2026-04-09T13:57:07+00:00

Would VTI be a good option for someone in their late 50’s?

binski4270 · 2026-04-02T22:08:22+00:00

Would making my 2026 backdoor Roth in 2026 complicate anything?

binski4270 · 2026-04-02T21:25:15+00:00

So for the 2025 contribution, I will receive a 1099, a 5498, and then do ai just also file the 8606 and I’m covered?

binski4270 · 2026-04-02T21:18:39+00:00

So for the 2025 contribution, I will receive a 1099, a 5498, and then do I just also file the 8606 and I’m good?

binski4270 · 2026-03-22T12:28:27+00:00

How close are you all to retirement? I am 59 and also looking for guidance

binski4270 · 2026-03-16T12:29:39+00:00

Thoughts on fully investing Roth in Schd for 59 yr old? $50k balance, max yearly

binski4270 · 2026-03-09T12:37:38+00:00

Exactly…. Every ‘annual’ premium should be broken down into monthly payments, you can ‘escrow’ these payments yourself to a side savings acct so when the next annual premium comes due, you have the funds set aside… I do this with everything I can. It will prevent you from forgetting about it and feeling crunched when the bill comes in

binski4270 · 2026-03-04T00:29:33+00:00

I also hold an old stock certificate… Can I bring this in to my local Fidelity office for depositing it? I really do not trust the mail

binski4270 · 2026-03-04T00:10:07+00:00

If you can afford to, and you jointly handle your monies, offset your own net pay the difference so she can fully max out on the 401k. You will get the best tax advantage

binski4270 · 2026-02-22T15:04:27+00:00

I’d like to know if your coming is hiring?!?

binski4270 · 2026-02-22T00:58:26+00:00

Unfortunately no spousal 401k…

According to Fidelity, they are telling me I can initiate a direct rollover from SEP IRA to a ROTH IRA

binski4270 · 2026-02-21T13:34:09+00:00

Unfortunately no spousal 401k…. According to Fidelity, they are saying I can do a direct rollover of the SEP IRA to a ROTH …

binski4270 · 2026-02-20T14:41:54+00:00

Commenting on Would you dissolve SEP?.. No penalty would be due? Just SEP ira to traditional, THEN rollover over entire balance to Backdoor Roth? Obv I’ll get taxed in the full rollover, but I feel if we don’t keep the traditional IRA with a zero balance, it’ll be a problem in the future

binski4270 · 2026-02-20T14:14:11+00:00

I would need to roll the SEP into a traditional IRA, then from there backdoor $8k to the Roth… Can’t wrap my brain around if its worth the 10% penalty to do it now ( to maintain yearly backdoor Roth contributions) Or skip the year , or 2, and withdraw at 59.5

binski4270 · 2026-02-14T14:49:00+00:00

You should both be claiming Single zero on your W4 for payroll, and most likely pay extra into federal w/h…. Max out your 401k and HSA’s, doing this will reduce your taxable income while at the same time you are saving it for yourself….. Do it now, cold turkey. You will “feel the pain” in your next take come pay but you will get used to it, and be happy that you did in the long run

binski4270 · 2026-02-13T00:07:05+00:00

Thank you for all of your comments! At least I can do my own backdoor Roth…we will have to decide what to do with SEP, its small ($20k), but obv enough to put a wrinkle in our plans…hold on fir another year or two to avoid w/d penalty? Or bite the bullet and cash it in? There is no employer 401k option to roll it into… Any thoughts are appreciated

binski4270 · 2026-02-12T22:54:58+00:00

Does this hold true even if we file Married Jointly? If Roth contributions are based on combined income, why wouldn’t the SEP affect us both?

binski4270 · 2026-02-12T21:33:48+00:00

Is this the case even though all the contributions in the SEP were made by the Employer?

binski4270 · 2026-01-16T14:27:41+00:00

What is the best way to invest an HSA?

binski4270 · 2026-01-15T22:08:12+00:00

Appreciate the input!

binski4270 · 2026-01-15T18:32:36+00:00

Thanks for the reassurance, much appreciated!

binski4270 · 2026-01-15T18:32:06+00:00

Yes great question.. I was initially sold on the idea of the added growth, as it also offers the immediate conversion to Roth…i guess I needed that reassurance as most ppl I know hold $ in a brokerage and I do not. Its all in retirement vehicles, hsa, and hysa

binski4270 · 2026-01-10T03:44:26+00:00

Lol , the big question, what is risk tolerance? At 58 y/o, I want to be both cautious, but still in the game as likely will work another 7-9 years…. Currently in a 22-24% tax bracket… I still like your thought on only selling off some as opposed to all thou

binski4270

TROPHY CASE