Search found 3865 matches

by mptfan
Mon Feb 27, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our mortgage?
Replies: 31
Views: 1028

Re: Should we pay off our mortgage?

At the same time, you can't say a home is a risk free return. Your home has a value and it can certainly drop - ask 2008 about that. I was not referring to the "return" of the home and I did not say that a home is a risk free return because homes do not have a return. Rather, I was compar...
by mptfan
Mon Feb 27, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our mortgage?
Replies: 31
Views: 1028

Re: Should we pay off our mortgage?

ved wrote:With that logic, one should not invest (at least in a taxable account) until the mortgage is completely paid off.

I agree.
by mptfan
Mon Feb 27, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our mortgage?
Replies: 31
Views: 1028

Re: Should we pay off our mortgage?

Paying off your home at this point will be like buying a bond paying a guaranteed 2.875% interest and maturing in 11 years. There are many here who would jump on that like a pack of dogs on a three-legged cat. ... the 10-year is at 2.35% (it was at 2.6% a few weeks ago). If you can get a higher ris...
by mptfan
Mon Feb 27, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our mortgage?
Replies: 31
Views: 1028

Re: Should we pay off our mortgage?

Yes. Definitely yes.
by mptfan
Sun Feb 26, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: What if someone gets your password and transfers money from your bank to theirs?
Replies: 36
Views: 4270

Re: What if someone gets your password and transfers money from your bank to theirs?

That is not true... you can add banks with a different name for ACH transfers (no name is required when setting these up online). Of course via bank policies you are supposed to only use your own account - not someone else's. But you can do it. That said, it would be a silly robbery if the thief tr...
by mptfan
Fri Feb 24, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: What if someone gets your password and transfers money from your bank to theirs?
Replies: 36
Views: 4270

Re: What if someone gets your password and transfers money from your bank to theirs?

nisiprius wrote:My recollection is also that I can't add someone else's bank account to the "external accounts" list. It has to be mine.

That is my recollection as well. I don't think I or anyone else could transfer funds to an account that was not titled in my name even if I or they wanted to.
by mptfan
Fri Feb 24, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Debt Question (Separation)
Replies: 17
Views: 1307

Re: Credit Card Debt Question (Separation)

Beezthree wrote:yes, they are joint cards...

Do NOT assume this just because both of you have a card on the same account. See my previous post.
by mptfan
Fri Feb 24, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Debt Question (Separation)
Replies: 17
Views: 1307

Re: Credit Card Debt Question (Separation)

I know credit cards are assumed debt for each of us... This is not necessarily true. It depends on whether the cards are joint or individual. You can have an individual card with your spouse as an authorized user, in which case your spouse is not legallly responsible for the debt. Or you can have a...
by mptfan
Fri Feb 24, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Talking with parents' financial advisor
Replies: 51
Views: 3860

Re: Talking with parents' financial advisor

silentslinkies wrote:Yeah, I absolutely do not want to take over as their advisor or planner on this. I'd just love to make sure whoever is handling it cares about it a lot more than this current advisor.

You cannot make someone care.
by mptfan
Fri Feb 24, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Talking with parents' financial advisor
Replies: 51
Views: 3860

Re: Talking with parents' financial advisor

You are wasting your time and your parents' time. FAs have tons of practice answering these questions in ways that help re-enforce their assertion that this is way too hard for untrained mortals to understand. He will tell you that the individual stocks have no ER (because they don't) and that the ...
by mptfan
Fri Feb 24, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: What if someone gets your password and transfers money from your bank to theirs?
Replies: 36
Views: 4270

Re: What if someone gets your password and transfers money from your bank to theirs?

If you have 2 factor authentication, having your username and password is not enough if someone tries to access your account from an unrecognized computer...they would need to have the second factor as well. If your bank does not offer two factor authentication, you should change banks. Also, anytim...
by mptfan
Thu Feb 23, 2017 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Stay in cash until rates rise?
Replies: 27
Views: 2403

Re: Stay in cash until rates rise?

capgain22 wrote:Since bond funds decrease in value rather quickly when the fed raises rates...

As pointed out by others, your question assumes facts that are not necessarily true. What is the basis for your statement that bond funds will decrease in value "rather quickly?"
by mptfan
Thu Feb 23, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: Does anyone else have (possibly too much) fun dealing with finances?
Replies: 69
Views: 4560

Re: Does anyone else have (possibly too much) fun dealing with finances?

I enjoy learning and dealing with finances, and I really enjoy playing with spreadsheets. Put the two together and it's like peanut-butter and jelly... the two together are way better than each one individually. Yeah, I'm probably not normal, but I've spent countless hours playing with financial sp...
by mptfan
Wed Feb 22, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa - authorized user charges identified separately?
Replies: 1
Views: 173

Fidelity Rewards Visa - authorized user charges identified separately?

For those who have a Fidelity Rewards Visa Signature Card, and have an authorized user on the account, I would like to know how the transactions are reported on the statement or on the website... are you able to identify which transactions were made by the primary cardholder and which charges were m...
by mptfan
Wed Feb 22, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 6854

Re: Need advice on girlfriend debt/finances

You said: She doesn't like the idea of us living without fun until debts are gone ... This attitude does not bode well for a secure financial future. Really? I think it's fair to say that the majority of people with a college education have some form of debt after they graduate and during the prime...
by mptfan
Wed Feb 22, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on Time shares
Replies: 112
Views: 6505

Re: BH thoughts on Time shares

dodgersummer wrote:I know very little about time shares, but see ads for them in Las Vegas. Are these good to attend for "free" tickets to shows and to buy or are they ripoffs?

They are ripoffs. Huge ripoffs.
by mptfan
Mon Feb 20, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculator - COLA Adjustment
Replies: 13
Views: 1209

Re: Social Security Calculator - COLA Adjustment

lawman3966 wrote:Let's say there is 5% inflation (i.e. 5% CPI-U) in each the ensuing two years.

Social Security uses the CPI-W, not the CPI-U.
by mptfan
Fri Feb 17, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculator - COLA Adjustment
Replies: 13
Views: 1209

Re: Social Security Calculator - COLA Adjustment

Epsilon Delta wrote:For the year you turn 63 and later you get a CPI-U based COLA.

Social Security uses the CPI-W, not the CPI-U.

https://www.ssa.gov/oact/STATS/cpiw.html
by mptfan
Thu Feb 16, 2017 1:50 pm
Forum: Personal Consumer Issues
Topic: I want to ditch the cable company's modem
Replies: 51
Views: 3312

Re: I want to ditch the cable company's modem

22twain, thank you for your suggestions. Are you implying that using two cable modems (one in each room) is not an option?
by mptfan
Thu Feb 16, 2017 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Physician contract restrictive covenant
Replies: 23
Views: 1598

Re: Physician contract restrictive covenant

It was during that conversation that I was told that everyone there, even hourly employees subject to overtime, signed the same agreement, but that I shouldn't worry, because the organization had never actually enforced it. I hate double speak like that... "So, you never enforce it? Then why d...
by mptfan
Wed Feb 15, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Physician contract restrictive covenant
Replies: 23
Views: 1598

Re: Physician contract restrictive covenant

autopeep wrote:I have seen non-compete clauses enforced in my neck of the woods.... Just an FYI

Yes, they are enforceable, but there are time and place limits on their enforceability.
by mptfan
Wed Feb 15, 2017 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Physician contract restrictive covenant
Replies: 23
Views: 1598

Re: Physician contract restrictive covenant

... just because it is signed does not necessarily make it enforceable. Each state will provide some type of distance and scope as to a fair and reasonable covenant not to compete. State policy should override a contract if you get taken to court. Even if you already signed, talk to a lawyer to see...
by mptfan
Wed Feb 15, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: I want to ditch the cable company's modem
Replies: 51
Views: 3312

Re: I want to ditch the cable company's modem

I have a related question... I recently got Spectrum cable internet service at home (Spectrum purchased Brighthouse Networks last year). The technician who installed the service at my house provided a modem free of charge and I was told there was no charge for the modem, including no rental fee. The...
by mptfan
Tue Feb 14, 2017 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Closed my Roth IRA due to political uncertainty - mistake???
Replies: 102
Views: 5683

Re: Closed my Roth IRA due to political uncertainty - mistake???

dexter74 wrote:My question is, did I make a big blunder?

Yes.
dexter74 wrote: Am I being overly cautious?

Yes.
by mptfan
Tue Feb 14, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb Social Security Question
Replies: 6
Views: 1009

Re: Dumb Social Security Question

Both the estimate of future benefits (in our current dollars) and the actual benefits of current SS recipients get adjusted every year for inflation based on an average wage index. I don't think this is correct. The national average wage index is used to index earnings for each year when computing ...
by mptfan
Sun Feb 12, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Morgan Stanley?
Replies: 10
Views: 536

Re: Moving from Morgan Stanley?

Riel wrote:My question is: should I move to Vanguard or stay with what looks like a great portfolio?

You should move to Vanguard.
by mptfan
Sun Feb 12, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is paid off, now what?
Replies: 28
Views: 2821

Re: Mortgage is paid off, now what?

PoppyA wrote:Keep in mind you will now be responsible for paying your real estate taxes and insurance. Make sure to budget for it.

I was responsible for paying my real estate taxes and insurance when I had a mortgage. My mortgage provider gave me the option of having an escrow or not, and I chose not.
by mptfan
Thu Feb 09, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Questions One Year Later
Replies: 10
Views: 1182

Re: Questions One Year Later

goingup wrote:REITs aren't necessary...

Neither are stocks, or bonds for that matter.
by mptfan
Wed Feb 08, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Seeking Advice - When To Claim
Replies: 32
Views: 3290

Re: Social Security - Seeking Advice - When To Claim

billyt wrote:1) If you want to maximize your monthly benefit the answer is simple: wait until 70.

Not if you die at 69.
by mptfan
Wed Feb 08, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Are junk bonds really as risky as a total market index fund?
Replies: 17
Views: 1594

Re: Are junk bonds really as risky as a total market index fund?

dbr wrote:I myself don't know for sure what the facts are on junk bonds and therefore am suggesting that someone that wants to use them in place of stocks find out what is fact.

I have never suggested using high yield bonds in place of stock funds.
by mptfan
Wed Feb 08, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Are junk bonds really as risky as a total market index fund?
Replies: 17
Views: 1594

Re: Are junk bonds really as risky as a total market index fund?

I didn't say one way or another what the efficiency of taking risk in junk or any other bonds is. I did not mean to imply that you did, I know you have been agnostic and objective in your comments about the advisability of high yield bonds. My comments were directed at others who advise against hig...
by mptfan
Wed Feb 08, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Are junk bonds really as risky as a total market index fund?
Replies: 17
Views: 1594

Re: Are junk bonds really as risky as a total market index fund?

If you want to take risk to obtain return, you buy stocks. Arguments for including junk bonds in a portfolio have to establish that some efficiency is obtained by doing that. There are opinions, and then there are facts. Fact: All bonds, except for those issued or backed by the U.S. Treasury, have ...
by mptfan
Wed Feb 08, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Are junk bonds really as risky as a total market index fund?
Replies: 17
Views: 1594

Re: Are junk bonds really as risky as a total market index fund?

matto wrote:S&P is something like 10-12% and small value is like 15+%

You are looking at the 3 year standard deviation for S&P 500 on Morningstar... the 10 year number is 15.28.
by mptfan
Tue Feb 07, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Are junk bonds really as risky as a total market index fund?
Replies: 17
Views: 1594

Re: Are junk bonds really as risky as a total market index fund?

Doesn't this mean that junk bonds do have considerably less volatility than the total equity market? Yes. The riskiest of high yield bond funds is safer than the safest of stock funds. Isn't it ironic that most people who avoid high yield bonds because of risk also own stock funds? https://www.bogl...
by mptfan
Tue Feb 07, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Seeking Advice - When To Claim
Replies: 32
Views: 3290

Re: Social Security - Seeking Advice

Dottie57 wrote:
mptfan wrote:
Dottie57 wrote:If the goal is to maximize benefits, taking SS at age 70 will give the the most $.

Not if they die at 69.


True. But they won't need the money at that point either.

The OP asked about maximizing benefits. Knowing when someone will die is the most important factor in answering that question.
by mptfan
Mon Feb 06, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Why Wouldn't You Want International Stocks?
Replies: 92
Views: 6867

Re: Do You Really Need International Stocks?

rattlenap wrote:So if you're an average investor, will you do just fine in the long run with a simple two-fund portfolio of Total U.S. Stocks/U.S. Bonds?

Yes. Nobody "needs" international stocks, or even domestic stocks for that matter.
by mptfan
Mon Feb 06, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Seeking Advice - When To Claim
Replies: 32
Views: 3290

Re: Social Security - Seeking Advice - When To Claim

When should they claim Social Security to maximize overall benefits? There are many factors that go into this analysis, but the most important fact above all is knowing when they will die. Generally speaking, if the goal is to maximize SS benefits, the cutoff is somewhere around 80-82, so if they l...
by mptfan
Mon Feb 06, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Seeking Advice - When To Claim
Replies: 32
Views: 3290

Re: Social Security - Seeking Advice

Dottie57 wrote:If the goal is to maximize benefits, taking SS at age 70 will give the the most $.

Not if they die at 69.
by mptfan
Mon Feb 06, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: bond question once more
Replies: 9
Views: 547

Re: bond question once more

Boglehead wisdom is to be more of a purist and not mix up bond funds too much (so don't use high yield (junk) bonds unless you have a specific and sophisticated reason to do so.) This is not true, there is no such "Boglehead wisdom." There is no consensus among Bogleheads regarding whethe...
by mptfan
Mon Feb 06, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: bond question once more
Replies: 9
Views: 547

Re: bond question once more

Boglehead wisdom is to be more of a purist and not mix up bond funds too much (so don't use high yield (junk) bonds unless you have a specific and sophisticated reason to do so.) This is not true, there is no such "Boglehead wisdom." There is no consensus among Bogleheads regarding whethe...
by mptfan
Sun Feb 05, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: Does anybody else out there still pay for an email address?
Replies: 61
Views: 4730

Re: Does anybody else out there still pay for an email address?

Tabulator wrote:I will never use free mail. It "bogles" my mind that so many people, apparently, are unwilling to pay less than 1.70 USD per month for quality mail hosting.

It bogles my mind that so many people are willing to pay for quality mail hosting that they can get for free. To each his own.
by mptfan
Sun Feb 05, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: Does anybody else out there still pay for an email address?
Replies: 61
Views: 4730

Re: Does anybody else out there still pay for an email address?

yoni_w wrote:However, they state that "As an Australian company, we do not respond to US court orders."

Um...it doesn't work that way. Toyota is a Japanese company...do you think they can just ignore US court orders?
by mptfan
Sun Feb 05, 2017 8:31 am
Forum: Investing - Theory, News & General
Topic: Vanguard Total Stock Index is not TOTAL?
Replies: 19
Views: 1843

Re: Vanguard Total Stock Index is not TOTAL?

student wrote:I believe most "total" market index funds use a sampling technique so they do not have to buy shares in every company.

I believe that is true for all total market index funds, not just most. I am not aware of any total market fund that owns every available publicly traded stock.
by mptfan
Fri Feb 03, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Withheld too little taxes, what to do?
Replies: 32
Views: 2800

Re: Withheld too little taxes, what to do?

Second question, I noticed that our taxable income excludes our 401(K) contributions, but includes Social Security and Medicare taxes. I'm confused to as why our taxable income include SS and Medicare taxes, when we never had access to this money. Does that mean when the benefit is paid out when we...
by mptfan
Thu Feb 02, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: Finally getting rid of windows xp....
Replies: 8
Views: 539

Re: Finally getting rid of windows xp....

jf89 wrote:I'll second the recommendation for a Chromebook.

I'll third it. Or a Chromebox.
by mptfan
Wed Feb 01, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Spendthrift Daughter
Replies: 44
Views: 3368

Re: Spendthrift Daughter

Thank you for all the information but I need to add an additional item. I have three daughters, two are good with money. My plan is to leave the spendthrift portion to her children (my grandchildren) and the ex-husband. Wow. This is a very bad idea, it is cruel to the "spendthrift" daught...
by mptfan
Mon Jan 30, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Untangling from Edward Jones
Replies: 38
Views: 4031

Re: Untangling from Edward Jones

Quick question- where do Bogleheads get their reliable daily financial news? Daily financial news? You will find as you learn more that there is no need for daily financial news because it does not change anything about how you invest. Even worse, watching daily financial news may be bad for you be...
by mptfan
Mon Jan 30, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: seeking advice - need to advise newly widowed mother in deep debt
Replies: 46
Views: 4123

Re: seeking advice - need to advise newly widowed mother in deep debt

This is simple right? Getting $110K, owe $72.5K? Leaves her $37.5K plus the $10K savings and $55k/year of income on a pension? The OP could have written this post instead... My mother has a pension that pays her $55,000 a year for the rest of her life, and all of her debts are paid off except for h...
by mptfan
Mon Jan 30, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: seeking advice - need to advise newly widowed mother in deep debt
Replies: 46
Views: 4123

Re: seeking advice - need to advise newly widowed mother in deep debt

(1) seek a ch. 7 bankruptcy filing? If so, can she somehow protect her home and life insurance $$$ (perhaps in a trust)? She has hesitated to file the LI claim as we seek better clarity on this issue. I agree with the others who have said that bankruptcy would not be appropriate in this situation s...

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