Search found 3806 matches

by mptfan
Tue Jan 17, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Catch-up contributions at age 50 - in year of turning 50?
Replies: 7
Views: 366

Re: Catch-up contributions at age 50 - in year of turning 50?

DaftInvestor wrote:(PS - you know you are a boglehead when you are happy to turn 50 because it means additional tax-free/tax-deferred savings!)

Imaging how ecstatic you will be when you turn 59.5!
by mptfan
Tue Jan 17, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should Bond Funds be Considered a Fixed Income Investment?
Replies: 30
Views: 1781

Re: Should Bond Funds be Considered a Fixed Income Investment?

maniminto wrote:Can bond funds and ETFs be considered a fixed income investment especially in an environment where the interest rates are rising?

Yes.
by mptfan
Tue Jan 17, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking our expenses
Replies: 39
Views: 2799

Re: Tracking our expenses

Google sheets.
by mptfan
Sun Jan 15, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa 2% cash back
Replies: 64
Views: 7155

Re: Fidelity Rewards Visa 2% cash back

GregLily07 wrote:But do keep in mind that they reward at 2% and bill interest at 14% unless you are great about paying off debt in full before the due date...

That is true for all credit cards.
by mptfan
Sun Jan 15, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: social security calculation
Replies: 37
Views: 2459

Re: social security calculation

I use the word "paint" to refer to more than one item. It covers the blue paint in the family room. It covers the green paint in the master bath. When I say that we "painted" the family room and we "painted" the master bath, in the same sentence, it does not imply that...
by mptfan
Fri Jan 13, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 70
Views: 9584

Re: Charles Schwab Checking + Brokerage Account

That seems like a good cash management structure to stay fully invested if they don't mind repeated overdrafts on their end. As miles monroe pointed out, that setup is too risky for my taste, I would be concerned about fraud or someone hacking my checking account and thereby draining my brokerage a...
by mptfan
Thu Jan 12, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: social security calculation
Replies: 37
Views: 2459

Re: social security calculation

After that I think (not certain) that your average earnings are not inflation adjusted but your benefit is inflation adjusted. Not exactly sure about the interplay between those two. Here you used the same word "inflation" to refer to wage inflation and adjustment of earnings in the first...
by mptfan
Thu Jan 12, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: [Redemptions missing from Treasury Direct Account]
Replies: 20
Views: 966

Re: Fraud in Treasury Direct Account

boater07 wrote:So sorry for having stirred this up.

That's ok, but you should probably change the title of the thread since it was not fraud.
by mptfan
Thu Jan 12, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: social security calculation
Replies: 37
Views: 2459

Re: social security calculation

The inflation adjustment of your past earnings and the "knee" points are adjusted every year for inflation. Using the inflation adjusted earnings from the SS website for highest 35 years... Inflation will increase the inflation adjusted earnings ... All of these statements are false. Unfo...
by mptfan
Thu Jan 12, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: social security calculation
Replies: 37
Views: 2459

Re: social security calculation

The detailed SS calculator online at that site allows you to lug in zeros for future years as you see fit. It also allows you to raise and lower future salaries to compare outcomes which is good for both business owners and part time working plans estimation. Or, if you are a spreadsheet nerd like ...
by mptfan
Wed Jan 11, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: No debt, except for...
Replies: 7
Views: 1063

Re: No debt, except for...

This is just a random observation, but have you ever noticed how posters asking portfolio questions use the phrase: No debt, except for $1m mortgage, 2 $40k car loans, and $100k student loans I have noticed the same thing, and this is one of my pet peeves as well. I agree that your example is exagg...
by mptfan
Sat Jan 07, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup always necessary when remarrying?
Replies: 49
Views: 3686

Re: Is a prenup always necessary when remarrying?

If each chose a degree with similar earning potential, sure. However, if an accountant marries an elementary teacher, why wouldn't the accountant insist on a prenup? Because the accountant thinks that both spouses in the marriage are entitled to an equal share in the financial benefits of the marri...
by mptfan
Sat Jan 07, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup always necessary when remarrying?
Replies: 49
Views: 3686

Re: Is a prenup always necessary when remarrying?

Traveler wrote:If there was a benefit to doing this, then wouldn't everyone simply go to a handful of states to get divorced?

No. For most people the difference between the divorce laws in on state versus another state is not enough, by itself, to move.
by mptfan
Fri Jan 06, 2017 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup always necessary when remarrying?
Replies: 49
Views: 3686

Re: Is a prenup always necessary when remarrying?

You're right - I guess I am just trying to determine whether I need one if the state already says that my pre-marriage assets remain mine in the event of divorce, and he would only get half of any gained home equity after we are married (which I think is fair - he will likely be contributing someth...
by mptfan
Fri Jan 06, 2017 5:17 pm
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 66
Views: 11133

Re: Bogle worried Vanguard is getting too big

I have been a Vanguard customer for years and I have not noticed a decline in customer service. To be fair, I very rarely interact with their customer service, but on the few occassions I have needed it I have had a good experience. Some people complain that Vanguard "cutting expenses by .01 pe...
by mptfan
Fri Jan 06, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Is it safe to use debit cards? Anybody here have one compromised?
Replies: 67
Views: 4496

Re: Is it safe to use debit cards? Anybody here have one compromised?

To limit losses from check and debit card fraud, you need to monitor your account statement and report unauthorized activity within 30 or 60 days of receiving the statement. That's almost correct...You have 60 days from "the date a periodic statement containing a problem or error was sent to y...
by mptfan
Tue Jan 03, 2017 4:17 pm
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5374

Re: This is a good weekend to start tracking your net worth.

It would be kind of an unusual situation for a mortgage balance to exceed total NW wouldn't it? I don't think it is that unusual...it was true for me for a number of years after I bought my house in my twenties right after graduate school, my net worth was negative for a while due to student loans ...
by mptfan
Sun Dec 25, 2016 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track your finances?
Replies: 79
Views: 6172

Re: How do you track your finances?

I use the discontinued Microsoft Money , in which I have a quarter century of personal financial data. If starting from zero today I'd make a different choice, but I can't go back in time and make a different choice then, and anyway, today's better choices weren't available 25 years ago. It's a cla...
by mptfan
Fri Dec 23, 2016 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track your finances?
Replies: 79
Views: 6172

Re: How do you track your finances?

I used custom made Google Sheets that I created myself to balance my cash accounts and credit card accounts, to track income and expenses, and to keep track of investment transactions and net worth. I love the fact that I can access the spreadsheets from any computer.
by mptfan
Thu Dec 22, 2016 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to Drop Wells Fargo for Online Banking
Replies: 48
Views: 2642

Re: Looking to Drop Wells Fargo for Online Banking

If you want to know why using debit cards is much riskier than using credit cards, read this thread...

viewtopic.php?t=185110
by mptfan
Mon Dec 19, 2016 3:33 pm
Forum: Personal Consumer Issues
Topic: Hard Endeavor/Exercise in Middle Age
Replies: 118
Views: 6966

Re: Hard Endeavor/Exercise in Middle Age

Ok, I'll concede it's maybe not middle aged by the classic definition. But from an exercise/physical stamina perspective, it's obvious that my best years are behind me. Not complaining, just stating a fact Middle aged is not defined as your best years being behind you. By that definition, a gymnast...
by mptfan
Mon Dec 19, 2016 3:23 pm
Forum: Investing - Theory, News & General
Topic: Concept of Bogleheads needing to "Save more"
Replies: 61
Views: 4833

Re: Concept of Bogleheads needing to "Save more"

Its actually completely the opposite, I don't care even the slightest what people think of my lifestyle or investment style...I'm very comfortable with those things. It mostly comes from a place of a deep sense of caring for family members and close friends, wanting them to be successful and comfor...
by mptfan
Mon Dec 19, 2016 9:57 am
Forum: Investing - Theory, News & General
Topic: Concept of Bogleheads needing to "Save more"
Replies: 61
Views: 4833

Re: Concept of Bogleheads needing to "Save more"

Hello, Like many other bogleheads, I'm often trying to advise friends and family members to follow this type of investing. I used to try to do the same thing myself, but I have learned the hard way that it is better to avoid the subject of money and investing with friends and family, unless they sp...
by mptfan
Sun Dec 18, 2016 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Diversifying fixed assets
Replies: 19
Views: 1369

Re: Diversifying fixed assets

And I just realized the OP used "fixed asset" in the thread title and that was what you were questioning, not "fixed income". :oops: Exactly. Take a look at how long I have been a Boglehead, and how many times I have posted, that should have given you a clue that I know what &qu...
by mptfan
Sun Dec 18, 2016 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Diversifying fixed assets
Replies: 19
Views: 1369

Re: Diversifying fixed assets

You are correct of course. I was thinking of buying a bond not a bond mutual fund. The rule applies equally to individual bonds as well as bond funds, neither price is fixed. It is true that in most cases when you buy an individual bond, you will get your principal back at the end of the term, but ...
by mptfan
Sun Dec 18, 2016 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Diversifying fixed assets
Replies: 19
Views: 1369

Re: Diversifying fixed assets

What is a fixed asset? Bonds, CDs, Stable Value funds, etc. The principal value is fixed, unlike stocks. The principal value of bonds is most definitely NOT fixed, the value of a bond fluctuates based on prevailing interest rates. Just to cite one example, the value of the Vanguard Long Term Bond I...
by mptfan
Sun Dec 18, 2016 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Diversifying fixed assets
Replies: 19
Views: 1369

Re: Diversifying fixed assets

What is a fixed asset?
by mptfan
Sat Dec 17, 2016 2:45 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab Experiences?
Replies: 43
Views: 3790

Re: Charles Schwab Experiences?

Read this thread...

viewtopic.php?f=2&t=189717&hilit=schwab

My experience with Charles Schwab has been very positive.
by mptfan
Fri Dec 16, 2016 6:47 pm
Forum: Personal Consumer Issues
Topic: Personal fulfillment in retirement
Replies: 35
Views: 4546

Re: Personal fulfillment in retirement

ruralavalon wrote:What is "SVR"? Stolen Vehicle Recovery? Suppressed Voltage Rating?

I think it means Systemic Vascular Resistance. I think that tends to increase as you age.
by mptfan
Wed Dec 14, 2016 9:08 pm
Forum: Investing - Theory, News & General
Topic: Edward Jones Annuity Review - Tips before I begin
Replies: 16
Views: 2025

Re: Edward Jones Annuity Review - Tips before I begin

tludwig23 wrote:
Green_98 wrote:I want to do a thorough review, and make sure he is not getting ripped off.


Let me save you the trouble. He's getting ripped off.

I concur.
by mptfan
Wed Nov 30, 2016 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage?
Replies: 107
Views: 7374

Re: Pay off mortgage?

Erwin wrote:Is there anything I am missing?

No.
by mptfan
Wed Nov 30, 2016 12:32 pm
Forum: Personal Consumer Issues
Topic: FIRE how do you live now
Replies: 56
Views: 7128

Re: FIRE how do you live now

mule wrote:Now that most of us are retired (money not an object) ...

Really? Most of whom? Most Bogleheads? I don't think that is necessarily true.
by mptfan
Wed Nov 30, 2016 8:48 am
Forum: Personal Consumer Issues
Topic: Owning a Chromebook
Replies: 77
Views: 8921

Re: Owning a Chromebook

ikowik wrote:but then do I need an anti-virus program?

No. Running a Chromebook with Chrome OS and no anti-virus program is safer than running Windows with the best anti-virus program.
by mptfan
Wed Nov 30, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth now = $0!!
Replies: 30
Views: 6089

Re: Net Worth now = $0!!

Congratulations, getting to zero is a great accomplishment, I remember going through a similar thing. My advice for your future... focus on your net worth. Others around you will focus on how much money they are making, or how nice their cars are, or their nice house, or what kind of watch they are ...
by mptfan
Tue Nov 22, 2016 5:29 pm
Forum: Personal Consumer Issues
Topic: Online Account Security Questions
Replies: 30
Views: 2489

Re: Online Account Security Questions

After many years of changing passwords I find that using a phrase or sentence that is easily memorable to me works best. MNIM#AILB would work for me as it is easy to recall "My name is mickeyd and I love Bogleheads". I agree, I do the same thing. I memorize a phrase like "I like appl...
by mptfan
Tue Nov 22, 2016 1:44 pm
Forum: Personal Consumer Issues
Topic: Owning a Chromebook
Replies: 77
Views: 8921

Re: Owning a Chromebook

I have two Chromebooks and one Chromebox connected to my TV and I love them. I would not want to go back to using Windows based computers, I think Chromebooks (and working in the cloud) are definitely the wave of the future... I do not own any Windows based computers anymore and I avoid using MS Win...
by mptfan
Mon Nov 21, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 8252

Re: Do you track your net worth? How long have you done so?

Yes. I have a spreadsheet that tracks my net worth by month going back to 2002. I keep track of the numbers by month, but I do not necessarily update it each month, sometimes I let it go for several months before updating. I do find it to be very helpful to track my progress and to look back and see...
by mptfan
Sun Nov 20, 2016 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life - 7 "pithy" questions to ask the salesman
Replies: 43
Views: 3994

Re: Whole life - 7 "pithy" questions to ask the salesman

Your daughter should cancel the appointment and not ask any questions.
by mptfan
Sat Nov 19, 2016 1:02 pm
Forum: Investing - Theory, News & General
Topic: Why are bonds dropping? They are supposed to be safe.
Replies: 171
Views: 20207

Re: Why are bonds dropping? They are supposed to be safe.

The first wrong mantra I would like to have exorcised is "bonds are for safety." I agree. Some people get themselves tied up into knots because they get this mantra stuck in their head as if it is a fundamental rule of investing, and it is not. Bonds are not "for safety," they a...
by mptfan
Sat Nov 12, 2016 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Mom & Dad with Retirement
Replies: 11
Views: 1317

Re: Helping Mom & Dad with Retirement

Did Mom or Dad ask for your help? Note this is a yes or a no question. I think your intentions are good and your advice is probably good, but if they did not ask for your help, I would stay out of it.
by mptfan
Mon Nov 07, 2016 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Sister scammed online, several $K - not sure what to advise
Replies: 68
Views: 5840

Re: Sister scammed online, several $K - not sure what to advise

If the OP's sister supposedly checked out the story online of the lawsuit - surely it can't be that difficult to look up and locate the plaintiff's attorney. The attorney should be able to verify if the man she was dating is the same man as the plaintiff in the lawsuit. Without violating any type o...
by mptfan
Sun Nov 06, 2016 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Social Security While Working at Age 70
Replies: 16
Views: 2206

Re: Social Security While Working at Age 70

I doubt that the SS Administration would allow someone age 70 to "defer"--they're legally required to pay. It's not about "allowing" you to defer. You must file for them. If you don't file for your benefits you simply won't get them. The Social Security Administration will not j...
by mptfan
Sat Nov 05, 2016 9:38 am
Forum: Personal Consumer Issues
Topic: MacBook Air/ Chromebook
Replies: 37
Views: 3095

Re: MacBook Air/ Chromebook

I love Chromebooks, I think they are the wave of the future... I am typing on one of my Chromebooks right now to write this post. I can't say enough good things about them, I do not even own a Windows computer at home anymore. To be fair I will say that Chromebooks work very well within the Google e...
by mptfan
Fri Nov 04, 2016 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Social Security While Working at Age 70
Replies: 16
Views: 2206

Re: Social Security While Working at Age 70

I understand that social security benefits reach their maximum when one reaches age 70. Is there any reason why she should not begin receiving social security? Yes, maybe she wants to help shore up the social security system by choosing not to claim her benefits because she does not need them, and ...
by mptfan
Fri Nov 04, 2016 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Hard to budget when HI keeps going up [Health Insurance]
Replies: 20
Views: 2927

Re: Hard to budget when HI keeps going up

If Hawaii keeps going up, maybe you should move to Alaska.
by mptfan
Sun Oct 30, 2016 10:56 pm
Forum: Personal Consumer Issues
Topic: Passport renewal - old passport
Replies: 22
Views: 2624

Re: Passport renewal - old passport

Most countries simply treat the US with reciprocity. This is not true. It may be true for Chile, but certainly not for most countries. Most countries in the world do not require U.S. citizens to have a visa to visit, whereas the U.S. requires visitors from most other countries to have a visa to vis...
by mptfan
Thu Oct 27, 2016 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Realistic to get annual 10%?
Replies: 38
Views: 3977

Re: Realistic to get annual 10%?

There is a difference between average return and compound average growth rate (CAGR). Unfortunately, Vanguard and most mutual fund companies muddy the waters by using the CAGR when they cite performance, but they call it "average annual return."
by mptfan
Tue Oct 25, 2016 9:44 am
Forum: Personal Consumer Issues
Topic: Where do you store your paper documents?
Replies: 36
Views: 2747

Re: Where do you store your paper documents?

carguyny wrote:... our marriage certificates get scanned and stored in the Cloud.

How many times were you and your wife married? Or maybe you are a Mormon? ;)
by mptfan
Mon Oct 24, 2016 10:10 pm
Forum: Personal Consumer Issues
Topic: Where do you store your paper documents?
Replies: 36
Views: 2747

Re: Where do you store your paper documents?

Most of my documents are in PDF format, either from being scanned or they were generated in electronic PDF format (eg. bank or mutual fund statements). I assume you are asking about paper documents that cannot be stored digitally, like birth certificates, etc? Mine are kept in a small portable filin...

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