Search found 669 matches

by wrongfunds
Mon Sep 25, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 88
Views: 7866

Re: Retirees, what is your marginal tax rate?

Aka Mitt Romney 401K option; NOT available to mere peons! But, somebody just claimed that their 401K is 8 figures right here on this forum. I am interested in knowing how to achieve that impressive feat. When I get re-incarnated as a smarter person in my next life, I would like to keep that in mind....
by wrongfunds
Mon Sep 25, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3999

Re: Online Bill Pay Security: Push or Pull?

That implies it is optional aka it is NOT required for the bank doling out the money to do the cross check. Any security, which can be bypassed under some circumstances is NOT at all secure but rather it is just an act of putting up elaborate security theater so that common people might think they a...
by wrongfunds
Mon Sep 25, 2017 3:45 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 88
Views: 7866

Re: Retirees, what is your marginal tax rate?

We're in the 39.5% bracket, plus 11% or so California tax. Will be in this bracket indefinitely. Same bracket as when I retired. Have looked at all the ways to finesse this lower; not gonna happen. This largely from accumulating a large 401k, with its attendant rmd's. So how large a 401k at age 70 ...
by wrongfunds
Mon Sep 25, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3952
Views: 1039995

Re: U.S. stocks in freefall

Oh my God! S&P 500 is down over 5.5 points! Should I start liquidation now or wait?

8-)
by wrongfunds
Mon Sep 25, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Money Management
Replies: 94
Views: 5354

Re: Spouse Money Management

Whenever you read strange and bizarre topics on this forum, the first thing you need to ask "what are the enthicities involved here?" Only then it will start to make at least little sense. If you try to approach it from "mom and apple pie culture", it will NOT make much sense at all. As you might ha...
by wrongfunds
Mon Sep 25, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3999

Re: Online Bill Pay Security: Push or Pull?

I am not 100% sure that the name is required or actually matched by the clearing software. I suspect it is similar to the check clearing where the automated software most likely does not "read" or "parse" the textual amount or your signature. To the best of my recollection, I don't think when I was ...
by wrongfunds
Mon Sep 25, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3999

Re: Online Bill Pay Security: Push or Pull?

Personally, I prefer push but many institutions require "effective pull" e.g. IRS, Universities, Town Collectors etc. I feel push model has better security because pull model has zero security. Technically, there are no safeguards for money being pulled out fraudulently except the fear of getting ca...
by wrongfunds
Mon Sep 25, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Money Management
Replies: 94
Views: 5354

Re: Spouse Money Management

Just to provide some background information to this thread; please read that in entirety before commenting on this one otherwise you will be not doing any justice to this topic.

GF Picking a college major viewtopic.php?f=2&t=224336&start=0
by wrongfunds
Mon Sep 25, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3999

Re: Online Bill Pay Security: Push or Pull?

We had this discussion about pull vs push ACH few months ago. Frankly, if you don't mind being guest of federal prison system, it would be trivial to pay your kid's semester tuition on some unsuspecting very rich parents if you had ever received a check from them! All the colleges that I had to pay ...
by wrongfunds
Mon Sep 25, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 3999

Re: Online Bill Pay Security: Push or Pull?

When I worry about my bank being hacked, the last thing I worry about stealing my credit card info! Somebody hacking the bank is probably interested in grabbing all the money from the bank and NOT my credit card numbers!
by wrongfunds
Mon Sep 25, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 134
Views: 9469

Re: Lifestyle Creep

If you live happily on $80k, you need $1 million to maintain that lifestyle. If you let your lifestyle creep up to $120k a year, not only are you saving less each year, but now you need $3 million instead of $2 million. For a second, I was very happy with the thought of able to have $80K lifestyle ...
by wrongfunds
Sat Sep 23, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 132
Views: 9150

Re: Account security - Hackers gain access to mobile and then break havoc

Almost every financial institution that I called were honest enough to agree with me that setting up a strong password for telephone authentication did not buy me anything because most customers tend to forget that and then the rep goes through his list of question to qualify the call. Once again, i...
by wrongfunds
Thu Sep 21, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 58
Views: 18768

Re: Is a security freeze at Innovis really needed?

Can somebody explain this to me? When I open a CD at a bank, *I* should be the one looking a the credit worthiness of the bank. Why does the bank care about *my* credit? The bank is the borrower here, not me! How does my poor or non-existent credit score affects the bank taking in my money? I can't ...
by wrongfunds
Thu Sep 21, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4342

Re: Costco vs sams club vs neither.

There is a whole science devoted to re-shelving of the products! Our grocery store does that all the time and it drives me crazy but I bet some PhD employees are earning their big paycheck for suggesting re-shelving. What is surprising is that they are always busy, so I can not figure out exactly wh...
by wrongfunds
Wed Sep 20, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2350

Re: 24F Looking to start an aggressive portfolio

Why did you put "F" next to your age? Do you think you would have gotten different advice if you had put "M" there or better had put nothing there? I am just curious to see anybody volunteering that information when there was absolutely no need for it. I see this trick being used when asking about a...
by wrongfunds
Wed Sep 20, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 23684

Re: Calling out the not so rich bogleheads

TomatoTomahto wrote:
Wed Sep 20, 2017 11:37 am
Okay. I'll bite. I'm rich, or, perhaps, I'm "rich."
Tell me the price of your watch and then may be I will concede :-)
by wrongfunds
Wed Sep 20, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 23684

Re: Calling out the not so rich bogleheads

Have you ever came across a "rich" boglehead on this forum? I have not yet! BH household earning $300K year and having net worth of $2M considers herself as "middle class"! Point me to a single reply on this forum where the person says I am "rich". That hypothetical person is absolutely sure that th...
by wrongfunds
Wed Sep 20, 2017 7:19 am
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 40
Views: 4359

Re: 2018 Subaru Outback

Adaptive cruise control in 6MT car? How does it work in the city traffic?? Why would you expect it to work in the city traffic? Frankly, when I am driving manual shift car, automatic driving is NOT what I want!
by wrongfunds
Wed Sep 20, 2017 7:10 am
Forum: Personal Consumer Issues
Topic: Lease vs. Buy debate with a twist...
Replies: 33
Views: 2365

Re: Lease vs. Buy debate with a twist...

You make lots of decision where financial impact consideration is rarely given e.g. drinking that latte at starbucks every weekday or NOT brown bagging your lunch! If your overall financial situation will not be impacted by leasing and you like the ability to always drive new cars without any headac...
by wrongfunds
Tue Sep 19, 2017 12:12 pm
Forum: Personal Consumer Issues
Topic: blood pressure monitor recommendations?
Replies: 38
Views: 2338

Re: blood pressure monitor recommendations?

Thanks for your detailed answer! It is my understanding that back to back blood pressure measurements are not allowed i.e. to say the immediate next measurement will be incorrect. But even if taken after say couple of minutes, the next reading is off by at least 5 from the previous one. Is that acce...
by wrongfunds
Mon Sep 18, 2017 8:44 pm
Forum: Personal Consumer Issues
Topic: blood pressure monitor recommendations?
Replies: 38
Views: 2338

Re: blood pressure monitor recommendations?

Can a medical professional comment on the repeat-ability of blood pressure reading? If I were to take three successive readings (after allowing whatever the refractory period prescribed in the medical journal), what would be the variance of those three readings? I am guessing the best physician will...
by wrongfunds
Mon Sep 18, 2017 8:38 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 17360

Re: Is it really Worth it to brown bag your lunch at work?

Also, can leave lunch for another day if the mod strikes to get a bite with coworkers. I did not know that the moderators were monitoring our lunches! I would not want to be banned from the Forum for a culinary offense. Victoria I am actually rather surprised that moderators have let this dead hors...
by wrongfunds
Mon Sep 18, 2017 8:24 pm
Forum: Investing - Theory, News & General
Topic: 17 years of returns: sobering (updated OP)
Replies: 123
Views: 24921

Re: 17 years of returns: sobering (updated OP)

I did search on RodC's newer posts. I get the impression that he survived that downturn quite nicely. I hope he updates us himself.
by wrongfunds
Mon Sep 18, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: Equifax breach after steps
Replies: 9
Views: 1168

Re: Equifax breach after steps

Imagine a website which not monitors your credit but even promises to re-reimburse all the costs associated with the fraud if they fail to prevent the breach aka give guarantee. They only charge $99 per year for this service. Imagine the revenue they will be able to collect! Then in couple of years,...
by wrongfunds
Mon Sep 18, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: point and shoot digital cameras
Replies: 22
Views: 1530

Re: point and shoot digital cameras

But those P&S or bridge cameras with 1" sensor costs almost as much as the good cellphone camera! Imagine if Apple wanted to make a DSLR or mirror-less compact using the technologies used in their iPhone for processing power using clever algorithms and decided to partner with good glass maker. It wi...
by wrongfunds
Mon Sep 18, 2017 1:49 pm
Forum: Investing - Theory, News & General
Topic: 17 years of returns: sobering (updated OP)
Replies: 123
Views: 24921

Re: 17 years of returns: sobering (updated OP)

Somebody recently made a reference to this now defunct thread. I am now really interested in knowing if this "tragedy" ended up on a sweat note or not given the market rebound in 2009 and after. It would be great if RodC himself can provide his commentary after looking back at the data from 2009 and...
by wrongfunds
Mon Sep 18, 2017 12:04 pm
Forum: Investing - Theory, News & General
Topic: Are long-term market returns reliable?
Replies: 38
Views: 3901

Re: Are long-term market returns reliable?

RE: John Norstad Reference As long as we're talking about risk, let's consider a really bad case. If instead of investing our $1000 in the S&P 500, we put it in a bank earning 6% interest, after 40 years we'd have $10,286. This is 1.26 standard deviations below the median ending value of the S&P 500...
by wrongfunds
Mon Sep 18, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Experian takes money but doesn't Freeze
Replies: 12
Views: 1276

Re: Experian takes money but doesn't Freeze

YES, all the time! Do it via telephone; it is surprisingly easier than online; it only asks you ssn/dob/zip that's it! then it makes you listen to entire 50 states for the price and then asks you for your credit card number and expiry date. The lax of any security feature on this mode is just atroc...
by wrongfunds
Mon Sep 18, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6051

Re: Have X times your salary saved by age Y.

One really needs to find 1) Minimal acceptable fixed Retirement Expenses 2) Discretionary retirement expenses Add them up, apply the so called 4% rule of thumb to come up with the needed portfolio. Adjust for SS/Pension etc. From my perspective, the discretionary expenses are truly unlimited in reti...
by wrongfunds
Mon Sep 18, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 5686

Re: Getting over emotional attachment to house

I had no idea that one could look over "Malibu ocean" from "Fenway Park" :-) Seriously, I always thought you were Boston native especially given your listed location in the profile.
by wrongfunds
Mon Sep 18, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: point and shoot digital cameras
Replies: 22
Views: 1530

Re: point and shoot digital cameras

Given the stringent physical limitations imposed on a cellphone camera, I am always shocked at how a good cellphone camera such as iPhone7+ stomps all over most moderately priced P&S cameras in terms of picture quality. So technically, it should have been very easy for a *real* camera manufacturer t...
by wrongfunds
Sun Sep 17, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: identity verification with Equifax?
Replies: 6
Views: 637

Re: identity verification with Equifax?

Funny, my TU call eventually ended up being serviced by "Alex" from Banglore/Chennai. All he wanted was SSN and credit card number to freeze the account.
by wrongfunds
Sun Sep 17, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: point and shoot digital cameras
Replies: 22
Views: 1530

Re: point and shoot digital cameras

Most good P&S costs as much as good cell phone camera! Heck, iPhone7+ takes almost as good as expensive mirror-less camera with standard kit lense(s).

This topic is very popular on BH and answer has been good cellphone for a while now.
by wrongfunds
Sun Sep 17, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Experian takes money but doesn't Freeze
Replies: 12
Views: 1276

Re: Experian takes money but doesn't Freeze

YES, all the time! Do it via telephone; it is surprisingly easier than online; it only asks you ssn/dob/zip that's it! then it makes you listen to entire 50 states for the price and then asks you for your credit card number and expiry date. The lax of any security feature on this mode is just atroci...
by wrongfunds
Sat Sep 16, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 312
Views: 16773

Re: Iphone X is $1000

$1.50/month plan
It is for Verizon but if the above is really true, then we can wait for 6 months! So the next question is where do I find $1.50 plan per month?
by wrongfunds
Sat Sep 16, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Experian unable to honor freeze request
Replies: 2
Views: 664

Re: Experian unable to honor freeze request

I finally did it over the phone and i worked. This also brings out the pathetic security aspect of this whole thing. Over the phone, all I needed to enter was - SSN - DOB - ZIP - House Number That's it! They did not care about my name or how it is spelled nor my actual street address. Literally, not...
by wrongfunds
Sat Sep 16, 2017 11:53 am
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 312
Views: 16773

Re: Iphone X is $1000

SE for $150 is the best bang for your buck. Same processor as the 6s
Can you tell me where can I get unlocked SE for $150?
by wrongfunds
Fri Sep 15, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Experian unable to honor freeze request
Replies: 2
Views: 664

Experian unable to honor freeze request

Couple of days ago, when I tried to get the annual credit report from the 3 sites, Experian was the only one which actually GAVE me the credit report. I am entering my data EXACTLY (lower case upper case match) from that report to request freeze. It takes my credit card number and then throws the ha...
by wrongfunds
Fri Sep 15, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: "What We Know and Don’t Know About the Equifax Hack"
Replies: 6
Views: 974

Re: "What We Know and Don’t Know About the Equifax Hack"

It is different because what is being stolen is your full identity. In other breach, your single credit card or single account was compromised. Also almost every single adult in USA has been affected if the numbers are accurate.
by wrongfunds
Fri Sep 15, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 17360

Re: Is it really Worth it to brown bag your lunch at work?

Where has LadyGeek vanished? This thread has been "spoiled" for a while now and really needs to be "thrown out" in the trash. Every time I read new replies, I get the Groundhog Day feeling.
by wrongfunds
Thu Sep 14, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 312
Views: 16773

Re: Iphone X is $1000

That graph has no units on the y-axis. If I were to take your word for 70% improvement in speed year-over-year, that will make 10 year improvement to be 200 times [1.7^10 = 201] Is iPhone X 200 times faster than original iPhone? I genuinely do not know.
by wrongfunds
Thu Sep 14, 2017 2:30 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 312
Views: 16773

Re: Iphone X is $1000

I have a feeling that fancy photo and graph is completely wrong. The 70% or 90% faster over 10 years is pretty much pathetic. We expect that kind of improvement EVERY SINGLE YEAR in computing aka Moore's law.

Once again, "emperor has no clothes" !
by wrongfunds
Thu Sep 14, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can't Register With TransUnion
Replies: 16
Views: 1452

Re: Can't Register With TransUnion

IMPORTANT Be sure you use the right URL. It begins with the word "annual." There are, or used to be, a number of very services that use confusingly similar URLs and then charge you money to get the same reports you could get for free, together with additional services of dubious value. The biggest ...
by wrongfunds
Thu Sep 14, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Credit report freeze guide
Replies: 6
Views: 810

Re: Credit report freeze guide

how do you enter the name and address over the automated phone system? does it use voice recognition system? it will only work for me if it was designed, developed and tested in Channai :-)
by wrongfunds
Thu Sep 14, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 10260

Re: The 10 year car ownership "rule"

If there is *another* BH in this forum who can replace (and have replaced) his own engine on his car, please stand up! I have a feeling that you are THE ONLY ONE here!! Average BH can NOT change his own brake pads if his life depended on it.
by wrongfunds
Thu Sep 14, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Account Security Tips for Equifax Personal Identification Leak
Replies: 5
Views: 779

Re: Account Security Tips for Equifax Personal Identification Leak

In light of the Equifax breach, NOT having set up online access to various mutual fund accounts in the past is turning out to be a big mistake now? I was under impression that NOT creating online account for mutual funds, I had one less thing to worry about hacking. I was keeping track of the monthl...
by wrongfunds
Thu Sep 14, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 58
Views: 18768

Re: Is a security freeze at Innovis really needed?

Both Innovis and ChexSystem told me that the unlock PIN code will come via US snail mail. Equifax gave me .pdf file for the 10 digit unlock PIN code.

How do Experian and TU handle giving the unlock code after successful freeze?
by wrongfunds
Wed Sep 13, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Third Federal Savings doing constant credit inquiry
Replies: 3
Views: 336

Third Federal Savings doing constant credit inquiry

I just got the annual free credit report from one of the agency and it is showing that for last many months, this entity has been running credit inquiries on me every single month. I have no relationship and never had any with them. How do I stop this and whom do I complain about it?
by wrongfunds
Wed Sep 13, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: Hearing aid 101
Replies: 95
Views: 8909

Re: Hearing aid 101

If you need hearing aid for single ear, you should try sites similar to MDHearingAID I used them until I lost it on vacation. The $350 loss hurts but I guess not as much as $3000! This is my way of saying, if the $300 does not work for you, you can purchase the $6K later.
by wrongfunds
Wed Sep 13, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 312
Views: 16773

Re: Iphone X is $1000

You probably have not read some of the topics where over 50% gross income goes straight to savings! Heck, you are made to feel extremely guilty if you don't do better than 1/3 directly in to savings. Expected life style is supposedly at least 1/3 savings. then rest 1/3 taxes and 1/3 spending . Come ...