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MP4VT2004
Joined: 09/09/2007
Posts: 24,522
Likes: 26,027

Why not open an Ally savings account? Currently paying 2.10% interest..

No strings attached.
Posted: 10/04/2022 at 11:39 AM ET
(In response to this post by Tafkam Hokie)

Thread Replies (30)

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Q for investor types. What to liquidate for cash?
Tafkam Hokie 10/03/22 01:48 PM ET
Gotta factor in tax consequences in this discussion. **
Hokebury 10/04/22 12:28 PM ET
Can't really answer your question, but WRT to cash in savings...
MP4VT2004 10/03/22 07:55 PM ET
My non-retirement money is in
Tafkam Hokie 10/04/22 10:52 AM ET
Why not open an Ally savings account? Currently paying 2.10% interest..
MP4VT2004 10/04/22 11:39 AM ET
Two reasons
Tafkam Hokie 10/04/22 12:44 PM ET
I can certainly understand that.**
MP4VT2004 10/04/22 01:08 PM ET
I've got some I-bonds earning 9-10% right now. Of course, that rate gets
WVHokie84 10/03/22 10:52 PM ET
I bonds adjust their rate every 6 months, not every month. And yes, I got
Tafkam Hokie 10/04/22 09:15 AM ET
Yeah, I've been meaning to sink some cash into an I-bond.
MP4VT2004 10/04/22 07:59 AM ET
Yep..$10k/year...**
WVHokie84 10/05/22 12:42 AM ET
Generally, yes. Although you can exceed that limit if you use a federal
Tafkam Hokie 10/04/22 09:16 AM ET
Sell blood, sperm or a kidney? **
FfxStationHokie 10/03/22 03:16 PM ET
I'm saving aluminum cans myself. Might have enough for a McD's value meal.**
WVHokie84 10/03/22 10:58 PM ET
An arm and a leg? **
HokieGator 10/03/22 07:19 PM ET
Do you really think anyone who spends much time in the Lounge
Tafkam Hokie 10/03/22 03:40 PM ET
Truth!**
FfxStationHokie 10/03/22 03:44 PM ET
Selling low is not a good strategy...unless the floor is still a long way
Hokiehouse7 10/03/22 02:56 PM ET
I agree. And I'm not touching my 401k investments.
Tafkam Hokie 10/03/22 03:09 PM ET
My dudes normally recommend not making financial moves to pay
Hokie1992 10/03/22 02:33 PM ET
Aim for net of zero long term capital gains by selling gainers and losers
GOHOKEE 10/03/22 02:17 PM ET
Don't think I've got enough gains to offset losses
Tafkam Hokie 10/03/22 02:22 PM ET
You can claim 3K in losses if married. If losses exceed 3K on your sale,
GOHOKEE 10/03/22 02:49 PM ET
is the blow laced with Fentanyl? if so sell at a lose. **
VT Pez4Life 10/03/22 02:10 PM ET
Invest in french benefits**
Happy Dog 10/03/22 02:08 PM ET
If you have gains you can offset then maybe you sell some losers for the
vt90 10/03/22 01:54 PM ET
I'm honestly not sure I ever recall selling at a loss before...are losses
Tafkam Hokie 10/03/22 01:57 PM ET
I am no CPA but you can only deduct losses to offset capital gains BUT ...
vt90 10/03/22 01:59 PM ET
3,000 per year loss and carryforward indefinitely.**
Hokiehouse7 10/03/22 02:57 PM ET
This, that is, you need to match up captial gains to losses
`lag 10/03/22 06:05 PM ET
If you have to sell, take the tax loss harvesting **
MAGRIFF1 10/03/22 01:53 PM ET