Search found 4078 matches

by mptfan
Thu Oct 19, 2017 10:16 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11096

Re: Account security - Hackers gain access to mobile and then break havoc

This is true only if you haven't removed your phone number as an access option. I have posted elsewhere (twice now) a methodology to add Yubikey, authenticator app, and access codes to a gmail account, after which the phone number can be removed. I just completed this process this week on a gmail d...
by mptfan
Thu Oct 19, 2017 6:44 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11096

Re: Account security - Hackers gain access to mobile and then break havoc

It's important to set up accounts such that there is never a pull possible from the more secure account by a less secure account. My brokerage accounts are the most secure and the only way for money to get out is to push it from within the brokerage. If somebody breaches one of my bank accounts the...
by mptfan
Thu Oct 19, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11096

Re: Account security - Hackers gain access to mobile and then break havoc

You're right in that such a notification doesn't prevent such an attack. But I'm not aware of anything that is guaranteed to do so. I'll take all the measures Ii can to safeguard myself, though, including keeping tabs on the status of my holdings. This is at least better than having to log into the...
by mptfan
Thu Oct 19, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 54
Views: 2284

Re: Anyone planning on getting the new Pixel phone?

PFInterest wrote:
Thu Oct 19, 2017 3:24 pm
WhiteMaxima wrote:
Wed Oct 18, 2017 10:45 am
No. I would get either iPhone or Samsung. Stay with the big name.
ha do you know how big a google is?
Google? Never heard of it. Let me google that name and see what I come up with...
by mptfan
Thu Oct 19, 2017 3:15 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11096

Re: Account security - Hackers gain access to mobile and then break havoc

For Fidelity customers, here's another option (that I just discovered yesterday): In the "Alerts" section you can set up a schedule to have Fidelity email you your current balances daily. It becomes trivially easy to keep an eye on your account to make sure nobody has emptied it, and it doesn't eve...
by mptfan
Thu Oct 19, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 217
Views: 24838

Re: Retirement Account Stolen by Identity theft

OP: The financial institutions breached their duty to protect your father’s assets when they realeased them to a party who was not your father. You need to have him retain an attorney specializing in banking matters, and have the attorney file a claim for redress. All the other concerns about catch...
by mptfan
Thu Oct 19, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11096

Re: Account security - Hackers gain access to mobile and then break havoc

investor997 wrote:
Thu Oct 19, 2017 12:51 pm
Google Voice gives you the option to forward SMS texts and phone calls to your cell phone. I think this may be default behavior. You absolutely, positively want to disable this under account settings.
Good point.
by mptfan
Thu Oct 19, 2017 12:49 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11096

Re: Account security - Hackers gain access to mobile and then break havoc

You can always create a new, secret Google account along with an accompanying Google Voice number and use that as the SMS text recovery method. Google Voice numbers are impossible to port out (in theory). If Google Voice numbers are impossible to port out, then you do not need a secret Google accou...
by mptfan
Thu Oct 19, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11096

Re: Account security - Hackers gain access to mobile and then break havoc

I recently had my Discover credit card hacked. The address was changed. Password. Everything. If not for a call from an unknown East Coast vendor to verify a purchase of strange items I would not have known. ( live in the Southwest). I have no idea how they did it. :shock: So did you get it resolve...
by mptfan
Thu Oct 19, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11096

Re: Account security - Hackers gain access to mobile and then break havoc

I use gmail with google Authenticator (Authy is another choice). It seems quite unlikely your account will be hacked with it and I don't think google is stupid enough to remove 2FA from your gmail when the rep sees 2FA is established. So even if your password were reset, hackers could not log in. T...
by mptfan
Thu Oct 19, 2017 9:23 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11096

Re: Account security - Hackers gain access to mobile and then break havoc

Is your email address pretty much central to all of these hacks? If they can't access that, then are they out of luck? If so, changing the 2FA on Gmail to backup codes or authenticator would solve the problem? I believe that even if you have 2FA on Gmail with backup codes or an authenticator app, y...
by mptfan
Thu Oct 19, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 217
Views: 24838

Re: Retirement Account Stolen by Identity theft

clutchied wrote:
Thu Oct 05, 2017 4:21 pm
On another note; is there a way to lock withdrawals for a period of time? Like a voluntary lock...
Wouldn't a voluntary lock be subject to a voluntary unlock?
by mptfan
Wed Oct 18, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 54
Views: 2284

Re: Anyone planning on getting the new Pixel phone?

I have the Pixel XL. It's the best phone I have ever had. Oh that's good to hear. Anything in particular you like about it? I like that it uses "pure" Android, meaning that it gets the latest Android version and the latest updates directly from Google as they are available without waiting for the c...
by mptfan
Wed Oct 18, 2017 1:24 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 54
Views: 2284

Re: Anyone planning on getting the new Pixel phone?

DiggleRex wrote:
Wed Oct 18, 2017 12:35 pm
mptfan wrote:
Wed Oct 18, 2017 12:25 pm
I am planning on getting the Pixel 2 XL.
what are you coming from?
I have the Pixel XL. It's the best phone I have ever had.
by mptfan
Wed Oct 18, 2017 12:25 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 54
Views: 2284

Re: Anyone planning on getting the new Pixel phone?

I am planning on getting the Pixel 2 XL.
by mptfan
Wed Oct 18, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Email Security after equifax breach
Replies: 23
Views: 2540

Re: Email Security after equifax breach

skjoldur wrote:
Tue Oct 10, 2017 10:29 am
Gmail/google accounts have good recovery options. You can use a yubikey, google authenticator, and you can print out a sheet of one-use-only codes to store safely somewhere.
Google has a new, more secure, security option.

viewtopic.php?f=11&t=230033
by mptfan
Tue Oct 17, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: Advanced protection for Google accounts (Gmail and Drive)
Replies: 8
Views: 762

Advanced protection for Google accounts (Gmail and Drive)

Today Google announced an advanced protection program to provide the highest level of security for Google accounts (including Gmail). The advanced protection program is even more secure than 2 factor authentication.

https://landing.google.com/advancedprotection/
by mptfan
Mon Oct 16, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1829

Re: Social Security payouts vs. "estimated benefits" online

You get to ask questions, but you don't get to tell me how to answer them. Suffice it to say that there are a lot of factors that go into providing a correct and informed answer to your question, some of which you do not understand, and I was trying to explain. My apologies if my comment came off a...
by mptfan
Mon Oct 16, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1829

Re: Social Security payouts vs. "estimated benefits" online

My question isn't really centered around the calculation of SS benefits relative to earnings history. I have 20+ years banked at or near the contribution max already and as I understand it, each additional year in this "bend point" is marginal. But let's just assume I am lucky enough to continue to...
by mptfan
Mon Oct 16, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1829

Re: Social Security payouts vs. "estimated benefits" online

I'm back to being confused now. My apologies for not grasping this better. Is my original assumption valid? $36,000/yr benefit listed on ss.gov today Assume 2% CPI-W for the next 25 years Begin taking regular (not early, not delayed) SS in 25 years Benefit in 25 years will be $59,061 nominal (which...
by mptfan
Mon Oct 16, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1829

Re: Social Security payouts vs. "estimated benefits" online

I'm back to being confused now. My apologies for not grasping this better. Is my original assumption valid? $36,000/yr benefit listed on ss.gov today Assume 2% CPI-W for the next 25 years Begin taking regular (not early, not delayed) SS in 25 years Benefit in 25 years will be $59,061 nominal (which...
by mptfan
Mon Oct 16, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1829

Re: Social Security payouts vs. "estimated benefits" online

Neurosphere, you are spreading incorrect information and causing confusion about the Social Security estimates. Agreed, and I'm embarrassed. I appreciate the correction, and deleted one post and edited the others. I appreciate that you are mature enough to acknowledge when you are wrong and correct...
by mptfan
Mon Oct 16, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1829

Re: Social Security payouts vs. "estimated benefits" online

The ss.gov site gives me an estimated benefits amount that I can read today. What I'm trying to understand is - is that value on ss.gov today listed in 2017 dollars? YES. The reason is because it assumes NO CHANGE IN CPI, ever. So by definition, if the inflation rate is zero every year. Todays doll...
by mptfan
Mon Oct 16, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1829

Re: Social Security payouts vs. "estimated benefits" online

btownguy wrote:
Mon Oct 16, 2017 2:21 pm
I don't plan to take SS payments until about 25 years from now. The ss.gov site gives me an estimated benefits amount that I can read today. What I'm trying to understand is - is that value on ss.gov today listed in 2017 dollars?
Yes.
by mptfan
Mon Oct 16, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1829

Re: Social Security payouts vs. "estimated benefits" online

Your current online account states the "assumption" that you will earn X up until retirement. In 2016 if you maxed SS taxed earnings it was $118,500. So the assumption is you will earn $118,500 for the next 15 -20 years in your example. Well the earnings taxed by SS max in 2017 is $127,200 and 2018...
by mptfan
Mon Oct 16, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1829

Re: Social Security payouts vs. "estimated benefits" online

I've got a little over 20 years of sequential high earning years in my Social Security record. All years either at the SS limit or very close to it up or down. No years are WAY over however. If you earn at least the SS limit in any given year, it doesn't matter if you earn $1 more or $1,000,000 mor...
by mptfan
Mon Oct 16, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12798

Re: Annuities-when and why?

Maybe I am totally missing this. But a payout rate of 7% does not equal a 7% investment return. Your purchase price of the annuity is a sunk cost. Much of the money being returned was yours. Right? The good thing about an annuity is the predictable income stream. But that comes at a price. Right? I...
by mptfan
Sun Oct 15, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

. So, in my grandma Sue example, she did not commit fraud because she did not commit a deceptive act, and she did not form the intent to deceive. Do you seriously suggest that the insurance company in that situation would attempt to prosecute grandma Sue for fraud? I believe that is called the Mens...
by mptfan
Sun Oct 15, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

dbr wrote:
Sun Oct 15, 2017 9:54 am
I am not a lawyer and can't give a legal opinion on something like the above, but surely legal opinions exist. Are you citing actual case law or simply expressing your own lay presumptions?
Neither, I am a lawyer.
by mptfan
Sun Oct 15, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

So, in my grandma Sue example, she did not commit fraud because she did not commit a deceptive act, and she did not form the intent to deceive. Agree, Grandma Sue has dementia but does she have a Conservator/Guardian, etc? Who is responsible for her finances? Even if she did not have dementia, she ...
by mptfan
Sun Oct 15, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

Or grandpa Joe died at 89 and the payments continue to be sent to his joint bank account with grandma Sue for years after his death, and grandma Sue has dementia, so she has no idea the payments keep coming or where they come from, and she wasn't involved in handling the money so she doesn't unders...
by mptfan
Sat Oct 14, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

My parent's annuity company sends a proof of life form each year to be signed by the recipient and notarized, I think it began in their late 80s or maybe at age 90. Thank you, this is the kind of information I was looking for. I wonder what the insurance company policy is regarding this, at what ag...
by mptfan
Sat Oct 14, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

Anyone who assumes the identity of a deceased person has committed fraud. Most folks understand this concept and financial institutions know how to track them down if they violate this concept. Well, of course. But it's also fraud to arrange somehow to arrange to have a deceased parent's death not ...
by mptfan
Sat Oct 14, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

Someone still has to report the death (including to SS) and its usually next of kin. Really? Where does that requirement come from? Who is required to make the report? And to whom is the report required? And what if the person was not receiving social security payments, is there any requirement tha...
by mptfan
Sat Oct 14, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

carolinaman wrote:
Sat Oct 14, 2017 9:48 am
I believe it would be fraud to knowingly cash checks from someone who has died.
Most transactions are now done electronically by ACH, there are no checks.
by mptfan
Sat Oct 14, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

NotWhoYouThink wrote:
Sat Oct 14, 2017 9:00 am
As mentioned above, Insurance companies check the SS master death file regularly.
If someone dies abroad, is the death reported to the SS master death file, assuming the body is not returned to the U.S. and no U.S. funeral home is involved?
by mptfan
Sat Oct 14, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

In my experience, the funeral home reported the death to social security, and the financial institutions automatically received that data immediately. Thank you, that answers my question. So I have a follow up...if you die while living abroad, and there is no U.S. funeral home involved, the financi...
by mptfan
Sat Oct 14, 2017 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

While the payments may continue to come in, the executor or personal representative will see the incoming amounts and need to do something. Eventually amounts paid after death will need to be returned to the insurance company. Lots of people die without an estate ever being created, so there is no ...
by mptfan
Sat Oct 14, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Re: Annuities - how does insurance company know you died?

Who would be cashing the checks after she died? There are no checks, the money is transferred by ACH each month to your (or her, or his) bank account, possibly a joint account. Also consider the possibility that the account may remain "joint" for years after your (or her, or his) death because no o...
by mptfan
Sat Oct 14, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2593

Annuities - how does insurance company know you died?

Let's assume you buy a single premium indexed annuity (SPIA) which pays you each month for the rest of your life. I assume in most cases the payment is made by automatic ACH transfer to your bank account each month. My question is this...how does the insurance company know when you die in order to s...
by mptfan
Fri Oct 13, 2017 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds Now?
Replies: 33
Views: 2786

Re: Why would anyone buy long term bonds?

Who out there suggests that individuals should own long term +30 year bonds? I am trying to read up on it but I can't even get a Google search to show me one. You continue to assume that all long term bonds are 30 year bonds or longer, and you continue to assume that all long term bonds are treasur...
by mptfan
Fri Oct 13, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds Now?
Replies: 33
Views: 2786

Re: Why would anyone buy long term bonds?

There are long term bonds that are not treasury bonds. There are also long term bonds that are not 30 year bonds. Just thought I would point that out.

Also, the thing that you said is universally accepted is not universally accepted.
by mptfan
Fri Oct 13, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: Alternative to Google Finance? [Portfolios feature deprecated]
Replies: 52
Views: 7410

Re: Alternative to Google Finance? [Portfolios feature deprecated]

Because of this, I've been using personalcapital.com lately. It automatically pulls the information from my main investment accounts at Merrill Edge and Schwab. I am not willing to give my login credentials to a third party to allow them to pull my financial information from my investement accounts...
by mptfan
Fri Oct 13, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: [Social Security announces 2.0% benefit increase for 2018]
Replies: 26
Views: 3224

[Social Security announces 2.0% benefit increase for 2018]

Hot off the presses... Social Security Announces 2.0 Percent Benefit Increase for 2018 Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 66 million Americans will increase 2.0 percent in 2018, the Social Security Administration announced today. The 2.0 percent cos...
by mptfan
Thu Oct 12, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2416

Re: Too old to invest at 70+ years?

jplee3 wrote:
Thu Oct 12, 2017 2:33 pm
The Wizard wrote:
Thu Oct 12, 2017 2:27 pm
This is a touchy topic.
One usual question that often arises is: have they asked for your help?
Not yet...
Then stay out of it.
by mptfan
Wed Oct 11, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 28
Views: 2434

Re: Social Security - general question

But there is a KEY point to remember. The SS estimates assume ZERO wage growth, and ZERO inflation from today onward. I don't think this is true. This is what the Social Security Administration says... "Estimated benefits are adjusted for economy-wide average wage growth from about the time of Stat...
by mptfan
Mon Oct 09, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: Dividends growing at higher rates than inflation?
Replies: 9
Views: 799

Re: Dividends growing at higher rates than inflation?

One of the things to be aware of is that dividends cannot grow faster than earnings grow, in the long run. That's not true. Although if you define "the long run" as 100 years, that may be true, but it is not true for long periods of years. A wise person once said "in the long run, we are all dead."
by mptfan
Mon Oct 09, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Google Chrome Fonts Appear Fuzzy
Replies: 7
Views: 608

Re: Google Chrome Fonts Appear Fuzzy

I recommend that you stop using Windows and get a Chromebook or a Chromebox. Problem solved.
by mptfan
Sun Oct 08, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 4940

Re: Anyone go 100% Ally or another online bank for all banking needs?

B & M's are also handy when you need to withdraw a larger amount of cash than an ATM trip. Schwab bank customers can get a cash advance from any brick and mortar bank from a teller, as opposed to using the ATM. The benefit to getting cash this way is 1) you avoid the ATM transaction limit (which is...
by mptfan
Sun Oct 08, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 4940

Re: Anyone go 100% Ally or another online bank for all banking needs?

Another Schwab customer here. They have fabulous customer service. And they do have branches if you need one at some point. They used to have fabulous customer service. Lately I have just hung up the phone in frustration after waiting more than 5 minutes to get to a human. I am thinking of switchin...