Search found 3511 matches

by mptfan
Thu Jan 28, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes - Am I Covered by a Retirement Plan at Work?
Replies: 17
Views: 1034

Re: Taxes - Am I Covered by a Retirement Plan at Work?

I want to know if I should say that I was covered by my employer's retirement plan while doing my taxes, since this will affect whether I could make Traditional IRA contributions for 2015. Thanks! You can contribute to a Traditional IRA regardless of whether you are covered by your employer's retir...
by mptfan
Wed Jan 27, 2016 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Should I leave Ameriprise?
Replies: 28
Views: 1702

Re: Should I leave Ameriprise?

paveldatsyuk44 wrote:1) Is dropping Ameriprise a "no-brainer"? I feel like it is, and I guess I just need reassurance...

Yes.

And to answer your second question, no, there is no reason for you to stay in your situation.
by mptfan
Wed Jan 27, 2016 12:23 pm
Forum: Personal Consumer Issues
Topic: 3 Years to Obsolescence - SONY Blu-Ray YouTube App
Replies: 22
Views: 2719

Re: 3 Years to Obsolescence - SONY Blu-Ray YouTube App

Do not buy a so-called smart tv, that is a waste of money because you end up with clunky and hard to use interfaces that are not updated and are much harder to use and slower than the alternative, which is to buy a "dumb" tv and connect a separate device for streaming, such as a Chromebox ...
by mptfan
Tue Jan 26, 2016 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Downturn in the Market
Replies: 33
Views: 3052

Re: Downturn in the Market

ruralavalon wrote:I was waiting for my stock funds to drop another 2% before rebalancing from bonds to stocks. I am wondering, did I miss the boat?

Yes. No, wait, no. Oh heck I don't know.
by mptfan
Sun Jan 24, 2016 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Think my future father in law is giving the wrong advice to my fiance..what should i do?
Replies: 111
Views: 9104

Re: Think my future father in law is giving the wrong advice to my fiance..what should i do?

And why should her father possibly care what you want or don't want? On a scale of importance, where his daughter is the most important thing to him, you'll always fall somewhere close to that earthworm he stepped on this morning - and he'll remind you of that if you start telling him what you do o...
by mptfan
Fri Jan 22, 2016 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 3820

Re: What would a Boglehead do? (CC Debt Dilemma)

I would pay off each of the credit cards one by one, starting with the ones with the highest interest rates and working my way down until they are all paid off.
by mptfan
Wed Jan 20, 2016 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones or Vanguard?
Replies: 53
Views: 4595

Re: Edward Jones or Vanguard?

develop wrote:You will be happy to know that my MIL has asked me for guidance.

You should have started with that.
by mptfan
Wed Jan 20, 2016 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones or Vanguard?
Replies: 53
Views: 4595

Re: Edward Jones or Vanguard?

So if I tally all the responses up, 45% say switch to Vanguard, 45% say to keep my nose out, and 10% say switch to Fidelity. I think you are conflating two distinct questions. 1. Would it be better from a financial point of view for your mother in law to invest with Vanguard instead of Edward Jones...
by mptfan
Wed Jan 20, 2016 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones or Vanguard?
Replies: 53
Views: 4595

Re: Edward Jones or Vanguard?

I do not see that your mother in law asked for your advice. Did your mother in law ask for your help or your advice? If the answer is no, then I would not try to convince her to change the way she handles her investments. Unsolicited advice is rarely accepted, and often creates ill feelings and nega...
by mptfan
Thu Jan 14, 2016 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Convincing Dad to Fire the Firm
Replies: 31
Views: 2620

Re: Convincing Dad to Fire the Firm

psystal wrote:Any advice?

My advice is to stay out of it. It is your father's money and he has the right to decide how to handle his own money. Unless he asks you for your advice, I would advise to avoid the subject.
by mptfan
Wed Dec 23, 2015 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: where to put cash out refi?
Replies: 68
Views: 3249

Re: where to put cash out refi?

Despite the plaintiff's attorneys depicted in movies and on TV, most plaintiff's attorneys are essentially lazy and want to collect as much as they can in settlements and avoid trials as much as possible. Exactly. Except I would not call it laziness, I would call it rational economic analysis. It i...
by mptfan
Wed Dec 23, 2015 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: where to put cash out refi?
Replies: 68
Views: 3249

Re: where to put cash out refi?

If you're found to be at fault for a fatal car accident with a 30yo who earned 100k/year, that's (potentially) a $3MM judgement for lost wages (assuming working age 30-60). So they collect your (for example) $2MM umbrella policy and all your assets. Or is that not how it works :) No, that is not ho...
by mptfan
Wed Dec 23, 2015 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest lucky break in your personal finances?
Replies: 160
Views: 12139

Re: Biggest lucky break in your personal finances?

joebh wrote:Being born at the right time, in the right part of the world where hard work made it possible to do the rest.

Agreed. Also, being born with the genetic tendency to be frugal.
by mptfan
Mon Dec 21, 2015 4:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to Launch Active "Core" Total Bond Fund
Replies: 46
Views: 4229

Re: Vanguard to Launch Active "Core" Total Bond Fund

greg24 wrote:It will be fun to track how much this trails TBM.

I think it will be fun to track how much TBM trails this fund.
by mptfan
Mon Dec 21, 2015 4:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to Launch Active "Core" Total Bond Fund
Replies: 46
Views: 4229

Re: Vanguard to Launch Active "Core" Total Bond Fund

This is good news. I have often criticized Vanguard's use of the title "Total Bond Fund" while excluding significant portions of the publicly traded bond market. It sounds like this new offering will include some of those previously excluded segments of the bond market, and I think that is...
by mptfan
Sun Dec 20, 2015 9:29 am
Forum: Personal Consumer Issues
Topic: Mom's unsafe browsing -- how to protect her accounts
Replies: 65
Views: 7540

Re: Mom's unsafe browsing -- how to protect her accounts

My plan now is to get her a Chromebook that blocks everything except her accounts, and then to block her accounts on her current computer. I think that is a good plan. I would also suggest that you use two factor authentication where available on her financial accounts, and if you really wanted to ...
by mptfan
Sun Dec 20, 2015 9:24 am
Forum: Personal Consumer Issues
Topic: Mom's unsafe browsing -- how to protect her accounts
Replies: 65
Views: 7540

Re: Mom's unsafe browsing -- how to protect her accounts

... I would also warn her about scams, especially those aimed at the elderly and door to door scammers. I have lost track of the times I have gotten "your doctor has ordered this for you from Medicare" type calls. +1 I've received two calls from 'Microsoft' within the past week wanting to...
by mptfan
Sun Dec 20, 2015 9:18 am
Forum: Investing - Help with Personal Investments
Topic: where to put cash out refi?
Replies: 68
Views: 3249

Re: where to put cash out refi?

what kind of multi million dollar judgement is OP worried about? Typical scenarios like an auto accident or someone getting injured on the property doesn't run into multi-million dollar judgements unless there is also gross and wilful negligence or fraud involved. A recent example, $18MM suit for a...
by mptfan
Fri Dec 18, 2015 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: where to put cash out refi?
Replies: 68
Views: 3249

Re: where to put cash out refi?

pivoprussia wrote:HI Bogleheads-

So my attorney has advised us to do a cash out refi on our paid-off house.

I would get a different attorney.
by mptfan
Fri Dec 18, 2015 9:45 am
Forum: Personal Consumer Issues
Topic: Advice on Selling Engagement Ring
Replies: 73
Views: 5077

Re: wait

likashing wrote:If he deleted his story from an online forum you would never have found out.

Just saying... :D

How would he answer the inevitable question from the new fiance.... "So, when your previous engagement broke off, what did you do with the engagement ring?"
by mptfan
Thu Dec 17, 2015 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 11064

Re: Can I Afford an $800k Home on $4K/month Take Home?

But do you see what i am saying? When I turn on CNBC or bloomberg (and quickly realize why i don't bother), the time horizon is basically 1 day, perhaps even just an afternoon. it's bad. people who think 1 year are doing well by comparison. a decade for tv finance consumers is akin to the age of th...
by mptfan
Thu Dec 17, 2015 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 11064

Re: Can I Afford an $800k Home on $4K/month Take Home?

How are you defining a "flat market"? And over what time period? I am just speculating. can't know what other people are thinking... I think it takes practice to think in terms longer than 1 year. When you have a raging good run for 4 years, you build in expectations (or fight the same) t...
by mptfan
Thu Dec 17, 2015 1:47 pm
Forum: Personal Consumer Issues
Topic: Advice on Selling Engagement Ring
Replies: 73
Views: 5077

Re: wait

I would save it for next engagement. And, yes, I read what you wrote. Fully agree. If I received an engagement ring from my fiancé that was from his previously failed engagement, I'd flip out! Just saying. Sell it for 10k. But how would you know? And why would it matter (really curious on this one)...
by mptfan
Thu Dec 17, 2015 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 11064

Re: Can I Afford an $800k Home on $4K/month Take Home?

I think the flat market has people rethinking their savings. The longer it goes on, the more we'll see "can i afford XYZ" How are you defining a "flat market"? And over what time period? Over the last 5 years, the Vanguard Total Stock Market Index Fund is up over 92%. https://pe...
by mptfan
Thu Dec 17, 2015 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 11064

Re: Can I Afford an $800k Home on $4K/month Take Home?

I mean, it seems insane... I agree. Am I fooling myself to think this is even a possibility? Yes. More expensive homes come with more expensive everything... property taxes, utility bills, maintenance, repairs, roofs, appliances, insurance, furnishings. Will you feel the need to keep up with the ne...
by mptfan
Thu Dec 10, 2015 4:31 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Hike - Thoughts?
Replies: 38
Views: 3149

Re: Interest Rate Hike - Thoughts?

I'm not sure. If so, where are you getting at? Most people hear "the S&P 500 index is down 1% this year" and they assume that means "the stocks in the SP 500 have returned -1% this year" and that is not true. The bottom line is most people simply do not understand that the p...
by mptfan
Thu Dec 10, 2015 4:04 pm
Forum: Personal Consumer Issues
Topic: Feeling penny-wise and pound-foolish
Replies: 30
Views: 3668

Re: Feeling penny-wise and pound-foolish

There is nothing wrong with spending money on things that make you happy. You just need to spend as little as possible on things that you don't care about. I agree with this, but different people have inherently different levels of frugality. For example, some people "care about" having l...
by mptfan
Thu Dec 10, 2015 4:01 pm
Forum: Personal Consumer Issues
Topic: Feeling penny-wise and pound-foolish
Replies: 30
Views: 3668

Re: Feeling penny-wise and pound-foolish

I frequently have the same feeling. Perfect example - just this week, I dropped over $2,000 on an anniversary trip to the Dominican Republic for my wife and I. Many folks here will laugh that off, but to a couple with only a $140K combined net worth, that's a big chunk of cash. Here's the thing tho...
by mptfan
Thu Dec 10, 2015 3:05 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Hike - Thoughts?
Replies: 38
Views: 3149

Re: Interest Rate Hike - Thoughts?

TimeToThink wrote:I heard last week that market influencers think that if the SP500 index ytd is below negative 1% then the fed would not hike

Were they referring to the year to date percentage change in the index, or the year to date total return of the stocks in the index?
by mptfan
Thu Dec 03, 2015 12:30 pm
Forum: Personal Consumer Issues
Topic: Mom's unsafe browsing -- how to protect her accounts
Replies: 65
Views: 7540

Re: Mom keeps phished -- how to protect her accounts

I use a chromebook and a chromebox at home as my only computers. I no longer own a Windows computer. Interesting. Are there local client word processing programs you can use that let you create/edit documents? I am not sure what you mean by "local client," but I think the answer is yes, G...
by mptfan
Wed Dec 02, 2015 4:53 pm
Forum: Personal Consumer Issues
Topic: Mom's unsafe browsing -- how to protect her accounts
Replies: 65
Views: 7540

Re: Mom keeps phished -- how to protect her accounts

I never paid any attention to Chromebooks until I read this forum thread. It's sounding attractive to have a low cost machine dedicated just to financial matters. I would use it to access my financial accounts, check balances, initiate transactions, etc. Some questions: 1. Is it possible to use the...
by mptfan
Wed Dec 02, 2015 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents see the light with Ameriprise
Replies: 75
Views: 8235

Re: Helping my parents see the light with Ameriprise

Did you parents ask for your advice about their investments? If the answer is yes, then proceed. If the answer is no, your efforts may not be productive because unsolicited advice is usually not heeded, especially about money, and especially coming from children whose diapers they once changed.
by mptfan
Mon Nov 30, 2015 12:43 pm
Forum: Personal Consumer Issues
Topic: Mom's unsafe browsing -- how to protect her accounts
Replies: 65
Views: 7540

Re: Mom's unsafe browsing -- how to protect her accounts

Thanks! You're welcome, glad I could help. FYI, I only use a chromebook and a chromebox at home...I no longer own a windows computer. If you gave me a windows computer now for free, I would politely give it back. I also agree with the recommendation of using two factor authentication. Vanguard also...
by mptfan
Mon Nov 30, 2015 11:43 am
Forum: Personal Consumer Issues
Topic: Mom's unsafe browsing -- how to protect her accounts
Replies: 65
Views: 7540

Re: Mom keeps phished -- how to protect her accounts

Questions for the group: ⋅ Is there anything else that I can do with her computer that will enforce safer browsing? ⋅ Are there any other steps I might take to protect her accounts? Yes, get her a chromebook or a chromebox. They are MUCH safer to use for web browsing than other ...
by mptfan
Mon Nov 30, 2015 9:54 am
Forum: Personal Consumer Issues
Topic: Nice house vs traveling
Replies: 78
Views: 5968

Re: Nice house vs traveling

My question is: since we are not high earners 110k combined, is it too much to spend 600k to 700k on housing? Yes, that is definitely too much to spend on a house, especially considering that you are not maxing out your retirement accounts. My guideline is to avoid a 15 year fixed mortgage payment ...
by mptfan
Wed Nov 25, 2015 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Young Couple - Debt Paid Off, Emergency Fund done, Now what?
Replies: 12
Views: 1865

Re: Young Couple - Debt Paid Off, Emergency Fund done, Now what?

David Jay wrote:You definitely need to start utilizing your tax-advantaged (401K/IRA) space.

:thumbsup
by mptfan
Tue Nov 24, 2015 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Rich Dad's Latest (Non Boglehead) Advice
Replies: 25
Views: 5390

Re: Rich Dad's Latest (Non Boglehead) Advice

southbay wrote:he's the classic get rich guru guy: he gets rich teaching others how to get rich.

I wonder if there is anyone who has actually gotten rich from following his lessons.
by mptfan
Tue Nov 24, 2015 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on paying Mortgage down vs Investing
Replies: 45
Views: 3238

Re: Thoughts on paying Mortgage down vs Investing

If you don't want to leave a legacy, why are you leaving a many-hundred-thousand-dollar asset to your heirs? Your heirs will get the "many-hundred-thousand-dollar asset" (i.e. your house) regardless of whether you decide to pay of your mortgage or not. That is a constant. The variable is ...
by mptfan
Fri Nov 20, 2015 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Need to overcome our frugal habits and splurge a little in retirement
Replies: 63
Views: 7150

Re: Need to overcome our frugal habits and splurge a little in retirement

afan wrote:
Novak wrote:saved nearly 70% of our wages each year


I am trying to wrap my head around this.

Perhaps he/she was referring to 70% of after tax wages?
by mptfan
Fri Nov 20, 2015 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: 100K Milestone met!
Replies: 34
Views: 4574

Re: 100K Milestone met!

Materialism does not make me a happier person, experiences do. If I were giving advice to individuals my age, I would tell them to not give in to society's temptations/pressure. Skip the brand new car, eating out everyday, fancy over-sized house. You are wise beyond your years. Cicero once said tha...
by mptfan
Fri Nov 20, 2015 10:40 am
Forum: Investing - Theory, News & General
Topic: How Do You Ignore the Noise?
Replies: 51
Views: 4175

Re: How Do You Ignore the Noise?

The problem these days is, you can't turn on cable news channels to check on what's happening in the world, without being confronted with the latest stock market activity in the lower right corner of the screen. Pretty hard to 'ignore the noise' when it's shoved in your face like that. But why woul...
by mptfan
Mon Nov 16, 2015 5:49 pm
Forum: Investing - Theory, News & General
Topic: Any books for how people become wealthy?
Replies: 67
Views: 6863

Re: Any books for how people become wealthy?

The Wizard wrote:But to get a few HUNDRED Million $$$, you'll need a certain intelligence plus entrepreneurial spirit that I don't think everyone has...

Or the good fortune to inherit it, or marry into it.
by mptfan
Mon Nov 16, 2015 5:46 pm
Forum: Personal Consumer Issues
Topic: Is there a service that will email you with each credit card purchase?
Replies: 44
Views: 2956

Re: Is there a service that will email you with each credit card purchase?

I checked my Costco Amex account online. Under "Profile," "Account Alerts" and then "Fraud Alerts" you can opt to receive an email, text or both when there is a purchase of any amount that you set between $10 and your credit limit. So as long as you don't charge anythi...
by mptfan
Mon Nov 16, 2015 4:21 pm
Forum: Personal Consumer Issues
Topic: Is there a service that will email you with each credit card purchase?
Replies: 44
Views: 2956

Re: Is there a service that will email you with each credit card purchase?

I checked my Costco Amex account online. Under "Profile," "Account Alerts" and then "Fraud Alerts" you can opt to receive an email, text or both when there is a purchase of any amount that you set between $10 and your credit limit. So as long as you don't charge anythi...
by mptfan
Tue Nov 10, 2015 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Should I tell my advisor to take a hike?
Replies: 35
Views: 3487

Re: Should I tell my advisor to take a hike?

Agree. "Fee Only" tells you nothing since a % of AUM is also a "fee". Exactly. The "fee only" description is meaningless because all charges for services rendered can be described as "fees." Well, its not completely meaningless--it does mean they aren't being...
by mptfan
Tue Nov 10, 2015 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Should I tell my advisor to take a hike?
Replies: 35
Views: 3487

Re: Should I tell my advisor to take a hike?

Agree. "Fee Only" tells you nothing since a % of AUM is also a "fee". Exactly. The "fee only" description is meaningless because all charges for services rendered can be described as "fees." This is a perfect example of how sales people exploit ambiguity to t...
by mptfan
Fri Nov 06, 2015 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is "binding arbitration" standard in brokerage terms and conditions?
Replies: 18
Views: 1113

Re: Is "binding arbitration" standard in brokerage terms and conditions?

Anyone who has any doubts about the unfairness of forced arbitration and the privatization of our civil justice system should read these articles from the New York Times... "Arbitration Everywhere, Stacking the Deck of Justice" http://www.nytimes.com/2015/11/01/business/dealbook/arbitratio...
by mptfan
Fri Nov 06, 2015 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards Do You Have?
Replies: 91
Views: 6461

Re: How Many Credit Cards Do You Have?

DDMP20 wrote:Debit cards are usually linked to checking accounts. If you see to it that there is not a large amount of money in your checking account then what's the issue?

The issue is choosing not to take an unnecessary risk. Some risks are unavoidable--using a debit card is not one of them.
by mptfan
Wed Nov 04, 2015 10:07 am
Forum: Investing - Theory, News & General
Topic: Corporate high yield vs TSM
Replies: 19
Views: 1508

Re: Corporate high yield vs TSM

knpstr wrote:high yield corporate bonds and long term bonds ARE risky.

So are investment grade corporate bonds and medium term bonds and short term bonds. It is not a matter of risk versus no risk, it is a matter of degrees of risk.

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