[Coronita]

https://www.ftb.ca.gov/about-ftb/newsroom/news-releases/2023-03-ftb-california-winter-storm-tax-relief-extension.html.

CA FTB rarely deviates from IRS, it would create a tax filing nightmare. So they also announced extending it for disaster impacted areas..

Sacramento – The IRS announced tax relief for Californians affected by these winter storms. Taxpayers affected by these storms qualify for an extension to October 16, 2023, to file individual and business tax returns and make certain tax payments. This includes:

Individuals whose tax returns and payments are due on April 18, 2023.
Quarterly estimated tax payments due January 17, 2023, April 18, 2023, June 15, 2023, and September 15, 2023.
Business entities whose tax returns are normally due on March 15 and April 18.
PTE Elective Tax payments due on June 15, 2023.
The following counties are eligible for this extended tax relief, per the IRS January 10 announcement and IRS January 24 announcement:

Residents and businesses in Alameda, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Inyo, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Mono, Monterey, Napa, Nevada, Orange, Placer, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Ventura, Yolo, and Yuba counties who have been affected by severe winter storms, flooding, landslides, and mudslides are eligible for tax relief.

Looks like Riverside is now on the list…

[Coronita]

According to my parents, the only reason why they have the EE bonds was they use to work for NASA a long time ago, and at the government agency and defense contractors, they all pushed for the EE bonds. My parents didn’t know what to do with them and kept them in a safe deposit box in the bank since they were all paper at the time. I went to move some of the personal items I had in that box since I was a kid and saw like 4 stacks of the EE bonds, some as going back to the late 1970’s… I guess they forgot about them, and I was like “you know some of these stopped accruing interest for a long time now”…And they were like “oh”….And so off they went to trying to figure out how to cash them in…

Chase in DelMar supposedly has 2 machines that they can use to verify the EE bonds. A few notes were so old, one of the machines was having a hard time with them.

I asked if they had any extra deeds to real estate or land in California since the 1970’s that I’m not aware of that I’m not aware of…Unfortunately, that was a negative 🙁

[Coronita]

Funny you should ask. My parents had a stack EE bonds that have stopped accruing interest 10 years ago they forgot about. Chase Bank processes them still, at least the ones in 92130 did two weeks ago. You do have to make an appointment, because they have machine readers to verify they are authentic that needs to be used. call the bank and ask.

[Coronita]

According to the link I shared, if the address you use for your tax filing is within those affected counties, the IRS automatically qualifies you. Riverside County is not on that list, neither is Imperial.

Those puddles in my backyard was really worrisome. If I wasn’t careful, I might have accidentally submerged my brand new New Balance shoes by 3/8 of an inch walking in my backyard last year.

[Coronita]

What does consumption spending have anything to do with CDs?????

People who binge on consumptive spending in America have virtually no money to be investing or saving. Not following your logic here on why CDs would matter for those class of people

[Coronita]

I should also mention. It’s not just 1 CD. It’s a few of them spread out over different terms + MMA and some treasury funds… Usually you pick a few that matures at varying terms just in case rates keep ratcheting up, like it is now.

[Coronita]

I have no idea what you mean here. A safe CD is one portion of my entire net worth. Specifically, it’s where I park my emergency cash and my equity that I cashed out refinanced at 3% for 30 years.

It’s not meant to replace long term IRA/401k investments in index funds.

[Coronita]

Unrelated. I bet some of you guys are wondering how I posted an image

I could tell you, but I would have to kill ya….

🙂

[Coronita]

Here’s the one from fidelity. Note, some are callable before maturity… (See column labeled “call protected”)

[Coronita]

So…. It seems like schwab has some CD’s at 5%…
Fidelity has some at 5.1%

[Coronita]

Yeah, I’m back. Did we solve world peace yet?

[Coronita]

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[Coronita]

Insurance in general has gone up because underwriters are pulling out of CA. A lot of SFH in fire zones are not getting renewal notices and those folks are finding it problematic to get another carrier to insure them.

In general , Allstate doubled my rental and primary insurance, so I went to Costco who subcontracts it to Foremost( a Farmers subsidiary) that basically gave me a rate similar to Allstate before they jacked it up.

for my primary, my insurance broker found me a policy with American Modern for much less

[Coronita]

[quote=The-Shoveler]We are almost 100% short duration treasuries paying over 4% (some as high as 4.8%) in our IRA’s.

Almost no stocks in any account.

At some point will look to move to long term treasuries.

Sleep much better.[/quote]

Good move. My net worth is roughly split 25/25/50 pretax investment, IRA+401k, and real estate.

My pretax accounts have less than 25% stock. The rest is in money market and short term CDs. My retirement accounts have more stock index funds and also dividend paying companies in energy and consumer Staples. I have less than 10% exposure in individual tech stocks right now, though I’m slowly buying some of the big name techs that have been beaten down quite a bit in really small amounts….

If things hold up, my 2022 return hopefully will be around 1%. It sucks but better than the negative return the stock markets did this year… In the previous good years of the stock market, I didn’t get the the huge returns others did… In the bad years like this year, I’m not losing the amount the markets are this year. So, I think I’m somewhere in between , being that part of me is risk adverse.

I’m keeping my eyes on longer term treasuries and CDs.

[Coronita]

[quote=svelte]Looks like it hasn’t been mentioned yet so I’ll do it now:

Don’t buy through Carvana. That company appears to be about to go under and you don’t want to be in the middle of a transaction when that happens.

Oh, and they seem to have a problem supplying the vehicle title to customers…[/quote]

Their stock tanked from 300ish to $5..should have shorted it.. come on the CEO is a convicted felon. I so missed that one.

My friends were laughing their assses off because they sold their Mazda mx5 to carvana for more than they bought it for preowned, complete with the slipping manual transmission…..they don’t really check over the car….reminds me of carorder.com who gave me a $6000 subsidy check to order an Audi from them instead of direct from the dealer so they could claim I was their repeat customer and add to their “revenue” numbers..

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