Search found 3775 matches

by mptfan
Wed Nov 30, 2016 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage?
Replies: 107
Views: 6722

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: 49
Views: 4891

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: 66
Views: 7075

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: 5696

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: 2288

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: 66
Views: 7075

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: 7652

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: 3728

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: 19180

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: 1248

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: 5619

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: 1792

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: 2542

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: 1792

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: 2557

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: 2526

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: 3853

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: 2612

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: 2612

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...
by mptfan
Sun Oct 23, 2016 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Financial Planner - Spouse has no interest in investments
Replies: 43
Views: 3418

Re: Financial Planner - Spouse has no interest in investments

JoinToday wrote:One page per subject to point her in the right direction.

The OP did not identify the gender of his or her spouse.
by mptfan
Sat Oct 22, 2016 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Is it bad to purchase bond funds at end of calendar year?
Replies: 15
Views: 1271

Re: Is it bad to purchase bond funds at end of calendar year?

If you are buying a bond fund in a retirement account it is irrelevant.
by mptfan
Thu Oct 20, 2016 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Retired, what is the best way to start taking money out of funds?
Replies: 11
Views: 1449

Re: Retired, what is the best way to start taking money out of funds?

dbr wrote:Yes, see the reply above, you can't not pay the taxes on dividends.

It is possible to not pay taxes on dividends if the dividends are "qualified dividends" from a non-retirement account and you are in the 15% or lower tax bracket.
by mptfan
Thu Oct 20, 2016 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Move large $x from taxable brokerage to mortgage principal
Replies: 15
Views: 1447

Re: Move large $x from taxable brokerage to mortgage principal

goru1 wrote:The plan is to stay in this house for 15 years.

That is irrelevant to the analysis.
by mptfan
Wed Oct 19, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 62
Views: 7896

Re: Charles Schwab Checking + Brokerage Account

On the other hand, isolating your core cash from brokerage and other cash account has some benefit from a security standpoint, e.g. if someone hacks your debit card, and you only have a few hundred in your ATM/cash management account, that is less impact than say someone hacking a few thousand. Yes...
by mptfan
Tue Oct 18, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How do you analyze your spending? (Where is my money going?)
Replies: 69
Views: 5694

Re: How do you analyze your spending? (Where is my money going?)

Life is too short to log each expenditure into a book or software. I use a checkbook to log inflows and outflows. I use my extra time enjoying life today (like helping new posters on the forum :wink: ) :) Tomorrow is promised to no one. Most people feel that way. To me, I actually enjoy it. It is a...
by mptfan
Tue Oct 18, 2016 1:53 pm
Forum: Investing - Theory, News & General
Topic: Why Not Holding LONG-Term BOND Funds For Long Time During Work Years?
Replies: 31
Views: 2707

Re: Why Not Holding LONG-Term BOND Funds For Long Time During Work Years?

SHORT VERSION : what are the real/practical implications for someone holding a LONG-Term Bond Fund and who does Not sell said fund while it is down? That is, do the benefits of holding a Stock Fund through volatility NOT apply to holding a Long-Term Bond fund through " bond price volatility &q...
by mptfan
Tue Oct 18, 2016 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]
Replies: 34
Views: 3085

Re: SS COLA for 2017 will be 0.3%

Based on the press release, there is another important news for all wage earners: https://www.ssa.gov/news/press/releases/#/post/10-2016-1 the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $127,200 from $118,500 That is a big Jump! Not sure how the...
by mptfan
Tue Oct 18, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]
Replies: 34
Views: 3085

Re: SS COLA for 2017 will be 0.4%

Grt2bOutdoors wrote:Where are they obtaining their data from?

Here...

https://www.ssa.gov/oact/cola/cbbdet.html
by mptfan
Tue Oct 18, 2016 10:47 am
Forum: Personal Finance (Not Investing)
Topic: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]
Replies: 34
Views: 3085

Re: SS COLA for 2017 will be 0.4%

I thought the wage base increases were tied to the same inflation factors as the benefits. Not true. The wage base is tied to the national average wage index, whereas the inflation factors for benefits is tied to the Consumer Price Index, CPI-W. The former index tracks changes in wages, while the l...
by mptfan
Tue Oct 18, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]
Replies: 34
Views: 3085

Re: SS COLA for 2017 will be 0.4%

So why is the social security administration announcing 0.3%? [OT comment removed by admin LadyGeek] Or did pshonore get the CPI-W numbers wrong? Inquiring minds want to know. John Looks like my dyslexic self reversed the latest CPI-W just released. Number is 235.495 NOT 235.945 Sorry 'bout that. 0...
by mptfan
Sat Oct 08, 2016 4:46 pm
Forum: Personal Consumer Issues
Topic: Laptop ideas
Replies: 41
Views: 2221

Re: Laptop ideas

Chromebook.
by mptfan
Wed Oct 05, 2016 4:46 pm
Forum: Personal Consumer Issues
Topic: Required to pay with Amazon gift card!
Replies: 11
Views: 832

Re: Required to pay with Amazon gift card!

It sounds fishy to me. I have never found anything on Amazon that I was not able to order through Amazon? I did not know that was possible? I certainly would not pay in any way other than through Amazon, and I would not give out my name and address and phone number. In my opinion, if you cannot pay ...
by mptfan
Wed Oct 05, 2016 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and Taxes
Replies: 10
Views: 1140

Re: Marriage and Taxes

I do not know the answer to your question because my practice is to ignore the "filing status" or number of exemptions or anything else on the W-4. I estimate how much tax I will owe for the year, and I then divide that amount by the number of pay periods to come up with an estimated amoun...
by mptfan
Wed Oct 05, 2016 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Pay off Mortgage or invest in VWIUX
Replies: 34
Views: 2363

Re: Pay off Mortgage or invest in VWIUX

Pay it off.
by mptfan
Mon Sep 26, 2016 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to become debt free?
Replies: 36
Views: 3358

Re: How to become debt free?

modulok wrote:How would you convince someone to change their financial habits to get out of debt as quickly as possible?

You don't. They have to convince themselves.
by mptfan
Mon Sep 19, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Questions for Insurance Salesman on Whole Life Policy
Replies: 59
Views: 4080

Re: Questions for Insurance Salesman on Whole Life Policy

If you are being pitched life insurance as an investment, in any way shape or form, you are being conned. Is it a con if the salesman pitching the life insurance actually believes that it is a good investment? Respectfully that question is irrelevant unless someone is worried about hurting a salesp...
by mptfan
Mon Sep 19, 2016 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Questions for Insurance Salesman on Whole Life Policy
Replies: 59
Views: 4080

Re: Questions for Insurance Salesman on Whole Life Policy

jabberwock wrote:If you are being pitched life insurance as an investment, in any way shape or form, you are being conned.

Is it a con if the salesman pitching the life insurance actually believes that it is a good investment?
by mptfan
Fri Sep 16, 2016 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Questions for Insurance Salesman on Whole Life Policy
Replies: 59
Views: 4080

Re: Questions for Insurance Salesman on Whole Life Policy

Brain wrote:This is not a contentious relationship and I truly do feel he has our best interest in mind.

I know you truly feel that way, but it is just not true. You are being played.
by mptfan
Fri Sep 16, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Questions for Insurance Salesman on Whole Life Policy
Replies: 59
Views: 4080

Re: Questions for Insurance Salesman on Whole Life Policy

My main questions are about the policies on my kids. For that premium, they seem reasonable. If the premium can change, then that's an issue. That's one of my questions for him. No, it is not reasonable. First, you do not need life insurance for the kids. Second, whole life is a terrible investment...
by mptfan
Fri Sep 16, 2016 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Questions for Insurance Salesman on Whole Life Policy
Replies: 59
Views: 4080

Re: Questions for Insurance Salesman on Whole Life Policy

I agree with the previous posters, cancel the meeting. Seriously. I am not joking. Cancel the meeting. You need an intervention. What are you insuring the kids for? That is crazy. Life insurance is meant to be income replacement insurance, it is meant to insure against the loss of future income of a...
by mptfan
Tue Sep 13, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my mortgage?
Replies: 45
Views: 4463

Re: Should I pay off my mortgage?

MOAChaser wrote:Am I correct in my thinking that since there is only $350 or so difference between my standard deduction and itemized deductions, that I'm effectively spending $4500 in interest to get an $87 or so tax break?

Yes, you are correct.

viewtopic.php?t=31456
by mptfan
Tue Sep 13, 2016 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my mortgage?
Replies: 45
Views: 4463

Re: Should I pay off my mortgage?

Yes, you should pay off your mortgage.
by mptfan
Thu Sep 08, 2016 5:25 pm
Forum: Personal Consumer Issues
Topic: Ransomware alert
Replies: 54
Views: 5170

Re: Ransomware alert

wolf359 wrote:I love Chromebooks.

Me too. I don't own a Windows computer anymore.
by mptfan
Thu Sep 08, 2016 2:16 pm
Forum: Investing - Theory, News & General
Topic: Do you think about volatility drag on your portfolio?
Replies: 74
Views: 4178

Re: Do you think about volatility drag on your portfolio?

Mind you, when Vanguard (and probably anyone else) reports the annual average performance of a fund (over some specified time period), they are reporting the geometric mean. So the volatility drag is already baked into that. Is this true? Then it wouldn't be an "average." Is there some wa...
by mptfan
Tue Sep 06, 2016 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: payoff my mortgage ?
Replies: 18
Views: 1876

Re: payoff my mortgage ?

Ask your mortgage lender for a copy of the amortization chart, and then see how much you're really paying towards interest. That is not necessary, you can easily calculate it yourself. If the mortgage balance is $62,000, and the interest rate is 5%, then you are paying very close to $258 in interes...
by mptfan
Tue Sep 06, 2016 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: payoff my mortgage ?
Replies: 18
Views: 1876

Re: payoff my mortgage ?

clipso1 wrote:Should we pay of our mortgage ?

Yes.
by mptfan
Tue Sep 06, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: Ric Edelman's The Truth about Retirement on PBS
Replies: 142
Views: 12930

Re: Ric Edelman's The Truth about Retirement on PBS

When you say a house does not return much, I assume you are referring to the increase in value of a house over time. If that is true, then your house will "return" the same amount regardless of the existence or non-existence of a mortgage. Paying off your mortgage has no effect whatsoever...
by mptfan
Tue Sep 06, 2016 12:53 pm
Forum: Investing - Theory, News & General
Topic: Ric Edelman's The Truth about Retirement on PBS
Replies: 142
Views: 12930

Re: Ric Edelman's The Truth about Retirement on PBS

On the other hand, with a paid off mortgage you've tied up a lot of your capital in an illiquid investment that doesn't return much according to national averages. A house is a net loss after carrying costs for a lot of people. When you say a house does not return much, I assume you are referring t...
by mptfan
Tue Sep 06, 2016 11:37 am
Forum: Investing - Theory, News & General
Topic: Ric Edelman's The Truth about Retirement on PBS
Replies: 142
Views: 12930

Re: Ric Edelman's The Truth about Retirement on PBS

...They take your house but they actually cannot come at you for any remaining balance if you're under water - the bank holds the bag... You'd have to be a lawyer to know the ins and outs and it depends hugely on what state you live in. That's one reason I think Edelman's comment was irresponsible....

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