Search found 4340 matches

by mptfan
Thu Apr 26, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Rising Interest and bond funds
Replies: 16
Views: 1532

Re: Rising Interest and bond funds

Interest rates are not monolithic, it depends on what rates rise. The Fed is raising the fed funds rate, not longer term rates. Sure, the fed funds rate may have an impact on other rates, but it's not an automatic thing. Essentially, you have to figure out what rates are rising and see if that match...
by mptfan
Thu Apr 26, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Rising Interest and bond funds
Replies: 16
Views: 1532

Re: Rising Interest and bond funds

jeffreyalan wrote:
Thu Apr 26, 2018 2:08 pm
I understand that theory if there is just one or two rate increases and then they stop.
What makes you believe that the theory is limited to situations where there is just one or two rate increases?
by mptfan
Thu Apr 26, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 114
Views: 6007

Re: Wedding - financial burden on couple and attendees

SrGrumpy wrote:
Thu Apr 26, 2018 11:38 am
Fortunately I've been to 4.5 weddings in my life.
How did you go to half a wedding?
by mptfan
Thu Apr 26, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 114
Views: 6007

Re: Wedding - financial burden on couple and attendees

As you can see from the debate that has started above different people view weddings in different ways. Some view it as "I want to share our marriage celebration with all our close family and close friends and will do what I can to be inclusive". While others seem to view it as "Its our wedding day...
by mptfan
Thu Apr 26, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 114
Views: 6007

Re: Wedding - financial burden on couple and attendees

How is the destination wedding is that much different than say a wedding in New York when one party is in Boston? It should be obvious, but I'll state it anyway... if one party lives in New York and the other party is from Boston, and the wedding is in New York, then the wedding is in a location wh...
by mptfan
Wed Apr 25, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Vs Fidelity Vs Vanguard
Replies: 37
Views: 3057

Re: Schwab Vs Fidelity Vs Vanguard

MrPotatoHead wrote:
Tue Apr 24, 2018 9:40 pm
Both Fidelity and Schwab offer bank like services that are exceptional.
Schwab does more than offer bank like services, it offers services of an actual bank, i.e. Schwab Bank.
by mptfan
Wed Apr 25, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 69
Views: 4265

Re: [Vanguard account locked out due to deceased owner]

I suggest you just delete the post, it is all bad advice. I agree. When you offer "tips," it's implied that the information being provided is good advice, or at the very least, legally valid advice. Your "tips" are neither and should be deleted. I'm sure you had good intentions, and I'm sure you di...
by mptfan
Tue Apr 24, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 84
Views: 5918

Re: Structuring Newlywed Finances for Fairness and Less Arguments

Obviously, people have happy marriages in which one spouse makes all the important decisions in a specific area, like finances, childrearing, etc. But many people would feel that conceding control like that is infantilizing — they want a partner, not a parent. This is the kind of judgmental comment...
by mptfan
Tue Apr 24, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 84
Views: 5918

Re: Structuring Newlywed Finances for Fairness and Less Arguments

You said that your perspective is quite different, but never said what your perspective is. Yes I did. I said that "it seems to me that the U.S. is quite liberal and egalitarian when it comes to perspectives on marriage and relationships" in response to the post by International001 who said "the US...
by mptfan
Tue Apr 24, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 84
Views: 5918

Re: Structuring Newlywed Finances for Fairness and Less Arguments

If you guys aren't on the same page with respect to major goals like saving for the future vs. living for the moment, no structure (one pot vs. his-hers-ours) will solve your problems. I agree with this. I think the issue boils down to compatibility...if two people are compatible regarding spending...
by mptfan
Tue Apr 24, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 84
Views: 5918

Re: Structuring Newlywed Finances for Fairness and Less Arguments

I am amazed of the general consensus about join accounts, whatever the choices/work/contribution of each partner. But US is very conservative in regards marriage, and there is some expectation of men as provider and women as dependent. My perspective is quite different. I was raised in a somewhat d...
by mptfan
Sun Apr 22, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is a good flat rate cash back credit card?
Replies: 77
Views: 6357

Re: What is a good flat rate cash back credit card?

madbrain wrote:
Sun Jan 28, 2018 5:48 pm
I believe Citi 2% doublecash has a 3% foreign transaction fee, as does the Fidelity 2% VISA,....
The Fidelity 2% Visa has a 1% foreign transaction fee, not 3%. As another poster wisely pointed out in another thread, that makes the Fidelity Visa a 1% cash back card for foreign transactions.
by mptfan
Sat Apr 21, 2018 3:46 am
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 95
Views: 20989

Re: Charles Schwab Checking + Brokerage Account

Just to clarify, I can switch over to using the Schwab brokerage account and it will function exactly like the checking account (including no fee ATM and checkwriting)? Just to clarify, no, it will not function exactly like the checking account. It will function similarly to, but not exactly like, ...
by mptfan
Wed Apr 18, 2018 1:56 am
Forum: Personal Consumer Issues
Topic: Lessons learned with Booking.com and VRBO
Replies: 13
Views: 2967

Re: Lessons learned with Booking.com and VRBO

Once I booked a hotel room in DC on a travel site (I think it was Expedia) and when I checked in and walked into the room, I noticed right away that there was a strong smell of cigarette smoke everywhere in the room. I am not a smoker and the room was obviously designated as a smoking room and the s...
by mptfan
Fri Apr 13, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Account benificiary vs will beneficiary....
Replies: 18
Views: 1226

Re: Account benificiary vs will beneficiary....

Broken Man 1999 wrote:
Fri Apr 13, 2018 2:14 pm
1. Are there any conditions that would have an account (401K, TIRA, and Roth IRA) beneficiary overridden by a will? State is Florida, if it matters.
No.
by mptfan
Wed Apr 11, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: Why are expected returns so much lower than historical returns?
Replies: 153
Views: 8396

Re: Why are expected returns so much lower than historical returns?

yeahman wrote:
Wed Apr 11, 2018 2:15 pm
Historical real returns are something like 7% on equities and 2.5% on bonds and yet everybody seems to expect closer to 2-4% real on equities and 0-2% on bonds. Why?
You should not speak for everybody, and it is not true that everybody expects that.
by mptfan
Sat Apr 07, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: Is it very hard to learn Spanish?
Replies: 65
Views: 4077

Re: Is it very hard to learn Spanish?

Caution on the Spanish dialect you wish to learn. The overall guidance is to decide where you wish to speak Spanish. The majority of spoken Spanish in the US is the Latino dialect. Look for courses which teach Spanish for Mexico . Spanish from Spain is very different. You'll have a difficult time g...
by mptfan
Sat Apr 07, 2018 6:29 am
Forum: Personal Consumer Issues
Topic: Is it very hard to learn Spanish?
Replies: 65
Views: 4077

Re: Is it very hard to learn Spanish?

I think it's probably "hard" to learn any language to the point that I would call "knowing" the language. Claims for learning a language in six months or sixty days or whatever are hogwash. It's like diet books that claim you can lose ten pounds in a month while eating as much as you like of everyt...
by mptfan
Sun Apr 01, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: [Estate tax] on savings accounts?
Replies: 19
Views: 869

Re: death tax on savings accounts?

There is no such thing as a death tax, perhaps you were referring to the estate tax?
by mptfan
Sat Mar 31, 2018 9:01 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 149
Views: 7456

Re: Misuse of adverse when averse was meant

For all intensive purposes. In a week's time.
by mptfan
Fri Mar 30, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: Renting car when you lose your D/L out of state
Replies: 30
Views: 2150

Re: Renting car when you lose your D/L out of state

I don't know about jailing, but there are "civilized" countries where adult residents are required to carry a government-issued ID. One example: The Netherlands https://www.government.nl/topics/identification-documents/compulsory-identification The link you cited does not support the statement that...
by mptfan
Fri Mar 30, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Renting car when you lose your D/L out of state
Replies: 30
Views: 2150

Re: Renting car when you lose your D/L out of state

snackdog wrote:
Fri Mar 30, 2018 7:22 am
In some locations you can be jailed on the spot for not having a government ID to prove your identity...
Where is that, North Korea?
by mptfan
Fri Mar 30, 2018 5:13 am
Forum: Personal Consumer Issues
Topic: Renting car when you lose your D/L out of state
Replies: 30
Views: 2150

Re: Renting car when you lose your D/L out of state

This is a bad idea since you are promoting breaking the law. If there is some state that allows you to obtain a duplicate license without attesting in writing that your previous license has been lost, stolen, damaged or contains inaccurate information, then I stand corrected. There was a time when ...
by mptfan
Fri Mar 30, 2018 5:10 am
Forum: Personal Consumer Issues
Topic: Renting car when you lose your D/L out of state
Replies: 30
Views: 2150

Re: Renting car when you lose your D/L out of state

The resolution for this is not two DLs, but what I have always done is get a state ID, which is different and costs less. So, then I have two official state IDS, the ID and DL. Perfectly legal. Then when traveling I place my ID in another place from my DL. If one gets lost, I always have an ID. Tha...
by mptfan
Thu Mar 29, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Letter to your beneficiaries / heirs "In case I croak"
Replies: 11
Views: 1088

Letter to your beneficiaries / heirs "In case I croak"

I am thinking about writing a letter for my account beneficiaries / heirs so that in the event of my passing they will have guidance as to how to handle the distribution of my investment accounts, I am thinking of it as a "in case I croak" letter. I anticipate describing where to find my investment ...
by mptfan
Thu Mar 29, 2018 3:40 pm
Forum: Personal Consumer Issues
Topic: Renting car when you lose your D/L out of state
Replies: 30
Views: 2150

Re: Renting car when you lose your D/L out of state

Upon landing, I realized that my wallet is missing. I’m suppose to rent a car for my two-week road trip. The car rental company says I can’t without the drivers license. There must be something better than flying back home thousands of miles without the roadtrip? Any experience or suggestions? This...
by mptfan
Thu Mar 29, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Annuity at 80?
Replies: 9
Views: 1100

Re: Annuity at 80?

BL wrote:
Thu Mar 29, 2018 10:57 am
You might check this page for info on immediate annuities (no experience here):
https://www.immediateannuities.com/
They ask for "state" and last choice is "other", whatever that means.
Puerto Rico, Virgin Islands, Guam.
by mptfan
Wed Mar 28, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5175

Re: When to Take Social Security (again...)

Diogenes wrote:
Wed Mar 28, 2018 2:19 am
Spending most everything and depending on the government seems a poor choice as an investment plan.
I agree. It's funny how you are arguing against something that I did not say.
by mptfan
Tue Mar 27, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5175

Re: When to Take Social Security (again...)

We think of SS as a form of longevity insurance and that it is somewhat safer from fraud than a portfolio. This is a good point. I think most people underestimate the effects of cognitive decline in their later years and how that can potentially make them vulnerable to fraud or undue influence lead...
by mptfan
Mon Mar 26, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Computer Security
Replies: 55
Views: 3492

Re: Computer Security

AntsOnTheMarch wrote:
Mon Mar 26, 2018 11:33 am
Evidently, every answer to any computer question here is chromebook.
Not necessarily, sometimes I recommend a chromebox.
:wink:
by mptfan
Sun Mar 25, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Computer Security
Replies: 55
Views: 3492

Re: Computer Security

FrugalInvestor wrote:
Sun Mar 25, 2018 10:59 pm
Time to switch to a Chromebook
I second this.
by mptfan
Fri Mar 23, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: How much do people budget for annual car maintenance?
Replies: 39
Views: 2199

Re: How much do people budget for annual car maintenance?

wilked wrote:
Fri Mar 23, 2018 7:13 pm
This is for one car! Ouch... what model?
I don't want to give out that much personal information over the interwebs, but the first car was purchased in 2006 and I traded it in when it was 9 years old in 2015, and I have a new car since then.
by mptfan
Fri Mar 23, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: How much do people budget for annual car maintenance?
Replies: 39
Views: 2199

Re: How much do people budget for annual car maintenance?

Ok, so just for fun I went back and crunched my numbers to get my actual total spending on car maintenance for each year going back to 2010, these numbers are annual totals: 2010: $144 2011: $716 2012: $368 2013: $4,163 2014: $1,168 2015: $4,148 2016: $73 2017: $244 8 year average: $1,378, or $115 p...
by mptfan
Fri Mar 23, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Maybe Ramsey is right
Replies: 43
Views: 9498

Re: Maybe Ramsey is right

Further, the difference between the 12% return predicted by DR and the 7% historic real (assuming we actually experience that personally) is huge, and this is further compounded by him saying that 8% withdrawals are safe. You are unfairly comparing the nominal return predicted by DR with a real his...
by mptfan
Fri Mar 23, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7126

Re: What Budget? Do you keep one?

I'm starting to think that keeping and maintaining a budget is a hobby for some people. I like hobbies. But not that one. Spend less than you earn - problem solved. IMO YMMV I don't keep a budget, but tracking my spending in various categories and keeping detailed spreadsheets of my finances in gen...
by mptfan
Fri Mar 23, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7126

Re: What Budget? Do you keep one?

ad2007 wrote:
Thu Mar 22, 2018 5:12 am
So the question is: how much does your budget/spending vary?
I keep a detailed spreadsheet of my actual spending tracked by various categories, but I do not budget, i.e. I do not create projections or estimates of future spending.
by mptfan
Fri Mar 23, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: How much do people budget for annual car maintenance?
Replies: 39
Views: 2199

Re: How much do people budget for annual car maintenance?

wilked wrote:
Thu Mar 22, 2018 2:58 pm
How much would you budget for annual maintenance for the next 5 years, on average?
I don't budget. I do keep detailed spreadsheets of actual spending in different categories, but I do not create a budget of projected future spending.
by mptfan
Fri Mar 23, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13561

Re: Working till retirement is not a great plan

marcopolo wrote:
Fri Mar 23, 2018 12:08 pm
Seriously, you honestly think anyone (except maybe you) on this thread that is discussing age discrimination, is confused about whether that means simply "differentiating between people of different ages", or "treating someone unjustly based on their age"?
I am not going to speak for others.
by mptfan
Fri Mar 23, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13561

Re: Working till retirement is not a great plan

marcopolo wrote:
Fri Mar 23, 2018 11:47 am
To clarify, i am pretty sure we were talking about the first definition, not the second.
Who is "we"?
by mptfan
Fri Mar 23, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13561

Re: Working till retirement is not a great plan

The premise of the thread is that you may not be able to work at your chosen profession and level of compensation uninterrupted until a time of your choosing to retire. Then say that. Don't say "you may not be able to work until retirement" if you mean "you may not be able to work at your chosen pr...
by mptfan
Fri Mar 23, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13561

Re: Working till retirement is not a great plan

Society is coming around to the idea that it is discriminatory to pay men more for the same work that women are doing. It is also "discriminatory" to pay one person more than another based on more experience, or more education, or for any other reason. Every hiring decision based on distinctions be...
by mptfan
Fri Mar 23, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13561

Re: Working till retirement is not a great plan

Person A works until they are 50, gets laid off, spends 2 years unemployed, gets a part time job and limps along till 65 and retires. Person A did not work until retired. They had a big gap in there whey they were not working, but were not yet retired. They worked until unemployment. I disagree, I ...
by mptfan
Fri Mar 23, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13561

Re: Working till retirement is not a great plan

Person A works until they are 50, gets laid off, spends 2 years unemployed, gets a part time job and limps along till 65 and retires. Person A did not work until retired. They had a big gap in there whey they were not working, but were not yet retired. They worked until unemployment. I disagree, I ...
by mptfan
Fri Mar 23, 2018 10:22 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13561

Re: Working till retirement is not a great plan

LiterallyIronic wrote:
Fri Mar 23, 2018 10:07 am
dbr wrote:
Fri Mar 23, 2018 10:05 am
mptfan wrote:
Fri Mar 23, 2018 10:04 am
Dinosaur Dad wrote:
Fri Mar 23, 2018 8:46 am
You may be able to work until retirement,
Everyone works until retirement.
The discussion is actually about working until unemployment.
By definition, everyone works until unemployment, too.
Exactly.
by mptfan
Fri Mar 23, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13561

Re: Working till retirement is not a great plan

Dinosaur Dad wrote:
Fri Mar 23, 2018 8:46 am
You may be able to work until retirement,
Everyone works until retirement.
by mptfan
Thu Mar 22, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13561

Re: Working till retirement is not a great plan

bloom2708 wrote:
Thu Mar 22, 2018 1:28 pm
$0 or smaller mortgage,
I think it would be hard to get a mortgage smaller than $0.
8-)
by mptfan
Thu Mar 22, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: Maybe Ramsey is right
Replies: 43
Views: 9498

Re: Maybe Ramsey is right

Further, the difference between the 12% return predicted by DR and the 7% historic real (assuming we actually experience that personally) is huge, and this is further compounded by him saying that 8% withdrawals are safe. You are unfairly comparing the nominal return predicted by DR with a real his...
by mptfan
Tue Mar 20, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Approximating Total Stock Market With High Dividend Yield?
Replies: 11
Views: 779

Re: Approximating Total Stock Market With High Dividend Yield?

VHDYX only holds 385 stocks out of the almost 3-4000 stocks in the market. Yes, but you can get most of the benefits of diversification with much less than the total 4,000 stocks in the market. My general memory tells me that once you pass somewhere around 50-100 stocks from a random sampling of se...
by mptfan
Mon Mar 19, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4216

Re: Second Marriage & Beneficiaries Conundrum

I think this scenario illustrates why a spouse in a blended family (where the children are not in common from both spouses) who intends to leave something to his or her kids should make arrangements to do so directly upon that spouse's death without the involvement of the surviving spouse. To do an...
by mptfan
Mon Mar 19, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4216

Re: Second Marriage & Beneficiaries Conundrum

I know of a situation with a seven figure estate that went something like this; 1) The husband of a retired couple with a seven figure net worth dies and leaves everything to his widow. 2) A few years later the widow remarries. They both had kids from earlier marriages. 3) The newly married couple ...