Search found 3362 matches

by mptfan
Fri Jun 26, 2015 3:29 pm
Forum: Investing - Theory, News & General
Topic: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?
Replies: 23
Views: 1806

Re: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?

alex_686 wrote:As for being risk adverse....

It's risk "averse," not "adverse." (Sorry, can't help it) ;)
by mptfan
Fri Jun 26, 2015 12:29 pm
Forum: Investing - Theory, News & General
Topic: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?
Replies: 23
Views: 1806

Re: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?

wilked wrote:There is risk-adverse, and then there is this...

It is risk "averse" not adverse. (Sorry, can't help it) ;)
by mptfan
Fri Jun 26, 2015 12:28 pm
Forum: Investing - Theory, News & General
Topic: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?
Replies: 23
Views: 1806

Re: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?

alex_686 wrote:As for me being knowledgeable enough to dispute the conventional wisdom or, as they say, knowledge enough to be dangerous. I am looking for your external opinion to help me calibrate my investment assumptions. Are these assumptions conservative, very conservative, or reactionary?

Reactionary.
by mptfan
Thu Jun 25, 2015 1:21 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 141
Views: 18291

Re: When saving money becomes an irrational obsession

Talking about when saving money becomes an irrational obsession, I had an uncle who was extremely frugal. One time when he was on vacation, he saw an ad for an extremely low room rate. When he got to the hotel, he was told that the low rate only applied to people who called in and made a reservatio...
by mptfan
Thu Jun 25, 2015 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Couples and money and compatibility
Replies: 38
Views: 3887

Re: Couples and money and compatibility

My DW has little interest in money or investing. She pretty much goes along with my style. The only issue is she does not look at prices or bargain shop like I do. If something is too expensive, I'll go without. Since she doesn't look at prices, she'll buy it. Very minor irritant to me. Otherwise, ...
by mptfan
Thu Jun 25, 2015 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Couples and money and compatibility
Replies: 38
Views: 3887

Re: Couples and money and compatibility

sschullo wrote:mptfan,
Why not create survey? Or has it been done already?

Because the poll feature has been disabled.

viewtopic.php?t=164952
by mptfan
Thu Jun 25, 2015 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Couples and money and compatibility
Replies: 38
Views: 3887

Couples and money and compatibility

After reading a number of threads related to the topic of resolving money issues within a couple, I was curious about the broader topic of money compatibility within couples, and I am curious to hear the experience of Bogleheads in general when it comes to this issue. The way I see it, there are thr...
by mptfan
Wed Jun 24, 2015 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Only contribute to the match?
Replies: 12
Views: 1321

Re: Only contribute to the match?

mhalley wrote:The general order of investing goes like this:
1. 401k to the match
2. Max roth
3. Max 401k
4. Taxable investing

Chapter 10 of the the Bogleheads' Guide to Retirement Planning has a different order of investing...

1. 401k up to the max
2. Roth
by mptfan
Tue Jun 23, 2015 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Response from advisor on fees - yikes!!!
Replies: 4
Views: 1316

Re: Response from advisor on fees - yikes!!!

Would you be willing to share the response?
by mptfan
Mon Jun 22, 2015 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: holding a mortgage in retirement
Replies: 14
Views: 1443

Re: holding a mortgage in retirement

2) Just deduct it from the interest rate to get your real interest rate. E.g., if you are in the 15% bracket, you are paying .85 * 3.12 = 2.65% This is not necessarily true. It is a myth that all mortgage interest is tax deductible for everyone. https://www.bogleheads.org/forum/viewtopic.php?t=3145...
by mptfan
Mon Jun 22, 2015 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: holding a mortgage in retirement
Replies: 14
Views: 1443

Re: holding a mortgage in retirement

2) Just deduct it from the interest rate to get your real interest rate. E.g., if you are in the 15% bracket, you are paying .85 * 3.12 = 2.65% This is not necessarily true. It is a myth that all mortgage interest is tax deductible for everyone. https://www.bogleheads.org/forum/viewtopic.php?t=31456
by mptfan
Mon Jun 22, 2015 2:12 pm
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads/BiggerPocketers think there is only one way?
Replies: 123
Views: 13221

Re: Why do Bogleheads/BiggerPocketers think there is only one way?

jalbert wrote:I think most people get into trouble with directly held real estate from being greedy, overextended, and over-leveraged.

Agreed. As Warren Buffett once said... any number times zero equals zero.
by mptfan
Mon Jun 22, 2015 11:17 am
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 141
Views: 18291

Re: When saving money becomes an irrational obsession

Money is like food. Most Americans overeat. Most Americans overspend. A small minority have anorexia, eating so little that it damages their health. A small minority have financial anorexia, spending so little that it seriously damages their relationships with other people and leaves them missing o...
by mptfan
Mon Jun 22, 2015 11:08 am
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads/BiggerPocketers think there is only one way?
Replies: 123
Views: 13221

Re: Why do Bogleheads/BiggerPocketers think there is only one way?

I've been reading this forum for nearly a year, though this is my first post. I'm very much in line with the Boglehead philosophies, but I also think that the insistence that there is one way to go about building wealth is a bit crazy. Speaking for myself, I do not insist that there is only one way...
by mptfan
Sun Jun 21, 2015 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate Bonds vs. Treasuries
Replies: 21
Views: 1903

Re: Corporate Bonds vs. Treasuries

Call_Me_Op wrote:Sure, but this case is related to his question. I don't think the answer is black and white, even when couched in terms of relative probability.

That is where we disagree. I do think the answer is black and white when couched in terms of probability.
by mptfan
Sun Jun 21, 2015 4:29 pm
Forum: Personal Consumer Issues
Topic: At what point do bogleheads look at bogleheads.org?
Replies: 15
Views: 2946

Re: At what point do bogleheads look at bogleheads.org?

As Mike Tyson says, "your plan is great until you get punched in the face." Close. He said "Everybody has a plan until they get hit." http://articles.sun-sentinel.com/2012-11-09/sports/sfl-mike-tyson-explains-one-of-his-most-famous-quotes-20121109_1_mike-tyson-undisputed-truth-f...
by mptfan
Sun Jun 21, 2015 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate Bonds vs. Treasuries
Replies: 21
Views: 1903

Re: Corporate Bonds vs. Treasuries

The Fed controls only the very short-term yield (vis a vis its interest rate knob). It is quite conceivable that a 10 year treasury, for example, sees no price movement when the Fed increments the overnight rate. That's true, but that is not what the OP asked. If the OP had asked "Is it concei...
by mptfan
Sat Jun 20, 2015 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate Bonds vs. Treasuries
Replies: 21
Views: 1903

Re: Corporate Bonds vs. Treasuries

Keeping duration constant, which bonds are most likely to suffer the larger price drop if the Fed raises interest rates - corporates or Treasuries. Answer - both will perform exactly the same when interest rate change if you hold duration constant by definition . Corporates act differently from tre...
by mptfan
Sat Jun 20, 2015 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate Bonds vs. Treasuries
Replies: 21
Views: 1903

Re: Corporate Bonds vs. Treasuries

brak wrote:Keeping duration constant, which bonds are most likely to suffer the larger price drop if the Fed raises interest rates - corporates or Treasuries.

Treasuries.
by mptfan
Fri Jun 19, 2015 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on what to pay off first: mortgage or car payment
Replies: 23
Views: 2304

Re: Suggestions on what to pay off first: mortgage or car payment

sesq wrote:If you are in the 25% bracket or higher its close to a push interest-wise (3.4*.75=2.55% vs 1.9%).

Not necessarily. If the OP is married, s/he could be in the 25% bracket or higher and take the standard deduction, in which case s/he gets no tax benefit for the mortgage interest.
by mptfan
Fri Jun 19, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Is Private Banking ever useful for simple Bogleheads
Replies: 35
Views: 4019

Re: Is Private Banking ever useful for simple Bogleheads

So is there any reason to consider a "private banking" account for a person with a simple boglehead approach to finances? I'm sure there is a reason to "consider" private banking, but it's not for me. I think the burden is on the person who suggests that private banking is worth...
by mptfan
Fri Jun 19, 2015 2:26 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?
Replies: 81
Views: 11359

Re: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?

If you have $1,000,000 of networth, you are in the top 92% of households. That's not what the article said. If you have a 1 million net worth, you are in the top 10.1% of households... "A millionaire household lives in elite territory, even if it no longer seems truly rich. Including a home in...
by mptfan
Thu Jun 18, 2015 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

junior wrote:I believe marriage is a completely separate area of law from contract law.

Your belief is mistaken. You should google the phrase "marriage contract."
by mptfan
Thu Jun 18, 2015 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

So you are contradicting yourself by taking out a prenup since marriage is a special bond between two people and there should be zero risk. What "should be" and what is are two different things. Even if we agree that marriage "should be" zero risk, perhaps we can agree that it i...
by mptfan
Thu Jun 18, 2015 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

So you are contradicting yourself by taking out a prenup since marriage is a special bond between two people and there should be zero risk. What "should be" and what is are two different things. Even if we agree that marriage "should be" zero risk, perhaps we can agree that it i...
by mptfan
Thu Jun 18, 2015 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

If someone made me a marriage offer and then sprung a prenuptial on me after I accepted I'd consider that a potential red flag unless they had a good reason for it (i.e. independently wealthy). It seems to make the marriage offer itself a lie or not entirely honest, doesn't it? Were you asking for ...
by mptfan
Thu Jun 18, 2015 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

Why get married if you are already planning for disaster? I read that Ramsey said no prenup unless $2MM+ assets or more. I would agree to that. Yeah, totally. Like why buy car insurance unless you're planning on getting in a wreck? :D Yeah, like why buy life insurance if you plan to continue to live?
by mptfan
Thu Jun 18, 2015 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

denovo wrote:Seriously. I don't understand how people can be so comfortable making bold assertions.

I don't get it either.
by mptfan
Wed Jun 17, 2015 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

Marriages with prenuptial agreements fail at higher rates than those without. Can you cite any support for that conclusion? There are many sources of this. Google "divorce rates prenuptial agreements" or similar searches. As stated earlier in this thread... With all due respect, the burde...
by mptfan
Wed Jun 17, 2015 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

southbay wrote:Marriages with prenuptial agreements fail at higher rates than those without.

Can you cite any support for that conclusion?
by mptfan
Wed Jun 17, 2015 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

I think what people are missing is that the terms of a pre-nup, or whatever parties "waived", are not iron-clad. Not at all. Judges can rule that some parts of the pre-nup are not deemed to be fair to the opposing party, and throw them out. Really. Let's agree that anything is possible an...
by mptfan
Wed Jun 17, 2015 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

If they both have debt and no assets, I don't understand why a prenum would be helpful. Let me help you with that. Let's say they are both working and making similar incomes and one of the spouses decides to stop working soon after getting married. Fast forward 10 - 20 years and he or she decides t...
by mptfan
Wed Jun 17, 2015 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 10377

Re: Prenup

If they both have debt and no assets, I don't understand why a prenum would be helpful. Let me help you with that. Let's say they are both working and making similar incomes and one of the spouses decides to stop working soon after getting married. Fast forward 10 - 20 years and he or she decides t...
by mptfan
Wed Jun 17, 2015 12:19 pm
Forum: Personal Consumer Issues
Topic: Any reason not to take the cellphone subsidy?
Replies: 14
Views: 2193

Re: Any reason not to take the cellphone subsidy?

davebo wrote:From my understanding, the only reason you'd avoid taking the smartphone subsidy would be to avoid signing a contract. Do you get discounted monthly service?

It would depend on the carrier, but I think you do with ATT, I think they call it the "Next plan."
by mptfan
Wed Jun 17, 2015 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Call from debt collector, should I follow up
Replies: 19
Views: 2515

Re: Call from debt collector, should I follow up

From what I understand, there are some strong anti-harassment laws against debt collectors. There are laws, but unfortunately, they are not that strong. If they violate these, then they owe you a hefty fine. So they usually have a strong incentive to be polite and resolve any cases of mistaken iden...
by mptfan
Sat Jun 13, 2015 11:13 am
Forum: Investing - Theory, News & General
Topic: Investment grade vs corporate bond funds
Replies: 8
Views: 1355

Re: Investment grade vs corporate bond funds

Some corporate bonds are investment grade, so there is no "vs" between investment grade and corporate bond funds.
by mptfan
Fri Jun 12, 2015 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 3084

Re: Dispute/Don't Pay Medical Bill

I think the bill is reasonable, given the time to clean the equipment, etc. and the cost of the equipment. So you would be ok if your mechanic billed you at his full rate for the time it took him to set up and prepare his tools for the job and then to clean his tools and equipment after the work wa...
by mptfan
Fri Jun 12, 2015 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 3084

Re: Dispute/Don't Pay Medical Bill

I agree somewhat, but you would be disappointed to hear that similar procedures that take not much longer done in a hospital with the assistance an anesthesiologist charge and collect many times more than that (much of which goes to the hospital facility fee). I am not disappointed to hear it, not ...
by mptfan
Fri Jun 12, 2015 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 3084

Re: Dispute/Don't Pay Medical Bill

And that is how you arrive at non-ridiculous face charges of $600 or $770 for procedures which take 2-3 minutes. I understand everything that you said, but I respectfully disagree that charging $600 or $770 for a procedure that takes 2-3 minutes is non-ridiculous. Using time as the criteria is flaw...
by mptfan
Fri Jun 12, 2015 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 3084

Re: Dispute/Don't Pay Medical Bill

letsgobobby wrote: And that is how you arrive at non-ridiculous face charges of $600 or $770 for procedures which take 2-3 minutes.

I understand everything that you said, but I respectfully disagree that charging $600 or $770 for a procedure that takes 2-3 minutes is non-ridiculous.
by mptfan
Fri Jun 12, 2015 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 3084

Re: Dispute/Don't Pay Medical Bill

letsgobobby wrote:but that isn't how medical billing works and we all know that.

I agree that is not how medical billing works, and that is my point, medical billing practices are ridiculous. We all know it works that way, and we all (most, some?) agree that it is ridiculous.
by mptfan
Fri Jun 12, 2015 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 3084

Re: Dispute/Don't Pay Medical Bill

Furthermore, many questions were unanswered in the OP and without those answers we really can't say whether the charges were excessive or not. It's helpful to know how medical billing works: deductibles, coinsurance, in-network vs out-of-network vs preferred providers, all that stuff matters. On it...
by mptfan
Fri Jun 12, 2015 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 3084

Re: Dispute/Don't Pay Medical Bill

your $720 is probably only a $200 charge if the insurer pays it, and you saw the 2-3 minutes but probably didn't see the time it takes to clean the gadget or buy supplies for the gadget or replace the gadget periodically, or write up the report about what he was with the gadget. [OT comments remove...
by mptfan
Fri Jun 12, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 3084

Re: Dispute/Don't Pay Medical Bill

Determine what you think is a reasonable fee for the services rendered and offer to pay that much. If they refuse, then don't pay. Oh, and do everything in writing, no phone calls. The medical billing system is ridiculous, I'm not aware of any other industry where they just arbitrarily bill whatever...
by mptfan
Fri Jun 12, 2015 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 7483

Re: Putting off Social Security until 70

My sense is that most people first choose when to take Social Security based on personal reasons, then find data which supports their choice. Human nature. Not true. I planned to file at 66 and never dreamed I would delay, until I got to BH and learned the rationale for holding off. I was only a ye...
by mptfan
Fri Jun 12, 2015 8:57 am
Forum: Investing - Theory, News & General
Topic: Junk Bond default rates
Replies: 13
Views: 1309

Re: Junk Bond default rates

grayfox wrote:Why pay a lot for junk, when the better stuff is not much more?

Because the yield is higher.
by mptfan
Fri Jun 12, 2015 8:15 am
Forum: Personal Consumer Issues
Topic: Chromebooks- What is the lure?
Replies: 104
Views: 7763

Re: Chromebooks- What is the lure?

I have been using a Chromebook (HP Chromebook 14) as my primary home computer now for a year and I love it. I don't use Microsoft Windows anymore unless I have to, like at work. No viruses. No constant updates of various programs like Adobe or Flash or Virus checkers or Windows or any number of othe...
by mptfan
Wed Jun 10, 2015 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: 30 days to opt-out of binding arbitration from my employer
Replies: 5
Views: 622

Re: 30 days to opt-out of binding arbitration from my employer

I had a feeling that would probably be the case. There is a line in the packet that arbitration holds costs down ... That is bs. "Is arbitration cheaper? One of the alleged benefits of arbitration is that it costs less than litigation, but frequently this is not true for consumers and employee...
by mptfan
Wed Jun 10, 2015 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: 30 days to opt-out of binding arbitration from my employer
Replies: 5
Views: 622

Re: 30 days to opt-out of binding arbitration from my employer

I agree with ybsybs, I am not aware of any good reasons to opt-in. Let me translate what binding arbitration means...it means you waive your right to go to court in a dispute with your employer, and you agree to have your dispute decided by a private person (arbitrator) or panel of arbitrators who a...
by mptfan
Tue Jun 09, 2015 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Why is the IRA contribution limit less than a 401k limit?
Replies: 14
Views: 1400

Re: Why is the IRA contribution limit less than a 401k limit?

So the short answer is that the IRA is meant for those in a situation where $5500 is a goal to aspire to in savings per year, not a small fraction of what they save. Those with much higher incomes can invest in taxable accounts and do just fine. I agree, but then why can those with much higher inco...

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