Search found 5392 matches

by mptfan
Thu Oct 10, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 105
Views: 8155

Re: Do you carry your passport with you during international travel?

If you are in Japan as a foreign visitor, you are required to carry your passport with you at all times. Not a passport card, not a Global Entry card, not a copy or photo of your passport, but the passport itself. (Foreign residents are required to carry their residence cards instead.) And yes, pol...
by mptfan
Wed Oct 09, 2019 9:03 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 105
Views: 8155

Re: Do you carry your passport with you during international travel?

AerialWombat wrote:
Wed Oct 09, 2019 8:29 pm
It’s not commonly known, but Americans *can* have two US passports. One is a 10-year, the backup is a 2-year.
Wow, is this true? I've never heard of this before, do you have a cite?
by mptfan
Wed Oct 09, 2019 5:43 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 105
Views: 8155

Re: Do you carry your passport with you during international travel?

xb7 wrote:
Wed Oct 09, 2019 5:18 pm
I've spent some time in Spain, cumulative months over multiple trips, and pretty much never had my passport on me. Indeed, I wonder what the penalty is for failing to have it if asked?
Indeed.
by mptfan
Wed Oct 09, 2019 4:48 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 105
Views: 8155

Re: Do you carry your passport with you during international travel?

cadreamer2015 wrote:
Wed Oct 09, 2019 3:10 pm
Some countries (Spain for one) require everyone to carry a national ID, and a U.S. state driver's license doesn't count. So probably good practice to always have your passport with you unless you know for sure it is not required.
So what about tourists visiting Spain? What is the penalty?
by mptfan
Mon Oct 07, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: Document Storage: what format? (paper, fiche, scan,..?)
Replies: 43
Views: 3497

Re: Document Storage: what format? (paper, fiche, scan,..?)

I download my financial account statements and tax returns and other important documents and save them in my Google Drive. I don't scan anything, I don't even own a scanner, everything is saved electronically as a PDF file download, and every few months or so I do a backup of my Drive folders to my ...
by mptfan
Fri Oct 04, 2019 3:35 pm
Forum: Investing - Theory, News & General
Topic: Plz share what you did to minimize retirement taxes
Replies: 32
Views: 3821

Re: Plz share what you did to minimize retirement taxes

The easiest and most effective way to minimize retirement taxes, by far, is to minimize your taxable retirement income. That goal can be accomplished very easily and effectively without using any advanced tax reduction strategies.
by mptfan
Fri Oct 04, 2019 2:01 pm
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 12949

Re: I pulled out... How do I get back in?

minimalistmarc wrote:
Thu Oct 03, 2019 7:12 am
This one is easy. Wait till the bottom then get back in and enjoy the ride up.
Thanks for the tip! Can you please let me know when the market hits bottom?
by mptfan
Fri Oct 04, 2019 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Do you know what your partner spends money on?
Replies: 80
Views: 6129

Re: Do you know what your partner spends money on?

llama wrote:
Thu Oct 03, 2019 6:24 pm
Spouse gets a large "allowance" (the word sounds condescending but I can't think of a better one) that is not part of the YNAB budget and is a black box to me. The system works. :happy
That word does not sound condescending to me, I don't see anything wrong with giving your spouse an allowance.
by mptfan
Thu Oct 03, 2019 2:51 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9227

Re: Merrill Lynch Advisor wants to meet for coffee

Your ML "friend" likely also was very likely deducting his sail boat expenses as an office or an entertainment expense ... a somewhat shady practice. That reminds me...years ago I had a meeting with an expert consultant that I hired on behalf of a client, the consultant worked out of his house and ...
by mptfan
Thu Oct 03, 2019 12:39 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 7547

Re: Recourse for "Stolen" Money

I can very easily list a fake ticket on craigslist. Then, I'll give you my name and phone number. I am Donald Trump and I live at 1600 Pennsylvania AVE NW, Washington, DC. I'll then call/text you from my spoofed number 202 456-1111. Google that. You'll find that my name, address and telephone numbe...
by mptfan
Thu Oct 03, 2019 12:36 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 7547

Re: Recourse for "Stolen" Money

1) File a small claims action against the Seller. Even this will likely result in no money being received, though a default judgement would be a black mark on the Seller's credit profile. It's unlikely that the seller is who he claims to be. The name that the seller provided is likely a stolen iden...
by mptfan
Wed Oct 02, 2019 2:22 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 7547

Re: Recourse for "Stolen" Money

ResearchMed wrote:
Wed Oct 02, 2019 1:39 pm
And they won't show up, so you'll get a default judgment.
You can frame that legal document also.
The cost of filing the lawsuit and the frame will likely be more than the $200 he already lost. (I know you were joking)
by mptfan
Wed Oct 02, 2019 2:19 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 7547

Re: Recourse for "Stolen" Money

I am curious how you know the seller of the tickets is not in Nigeria. He does not know that. OP, look on the bright side, you paid $200 tuition to the school of hard knocks and you learned a lesson that you will never forget and will likely save you much more money in the future. We all make mista...
by mptfan
Wed Oct 02, 2019 1:38 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 7547

Re: Recourse for "Stolen" Money

miamivice wrote:
Wed Oct 02, 2019 1:38 pm
Can you sue Nigerian scammers in small claims court?
Yes.
by mptfan
Wed Oct 02, 2019 1:37 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 7547

Re: Recourse for "Stolen" Money

Watty wrote:
Wed Oct 02, 2019 1:36 pm
mptfan wrote:
Wed Oct 02, 2019 1:34 pm
oldfatguy wrote:
Wed Oct 02, 2019 1:33 pm
Next time use paypal.
Next time meet the guy in person and give him the money after he hands you the tickets.
Paper counterfeit tickets are also a big problem.
Agreed, nothing is foolproof, but it's less risky than wiring money to a stranger.
by mptfan
Wed Oct 02, 2019 1:34 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 7547

Re: Recourse for "Stolen" Money

oldfatguy wrote:
Wed Oct 02, 2019 1:33 pm
Next time use paypal.
Next time meet the guy in person and give him the money after he hands you the tickets.
by mptfan
Wed Oct 02, 2019 1:32 pm
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 12949

Re: I pulled out... How do I get back in?

dacalo wrote:
Wed Oct 02, 2019 11:33 am
Get back in with the same vindication as when you pulled out.
Words to live by. :wink:
by mptfan
Wed Oct 02, 2019 1:28 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 7547

Re: Recourse for "Stolen" Money

runner3081 wrote:
Wed Oct 02, 2019 1:27 pm
Why put in the effort? He just made $200. That is two days pay, with no taxes for a minimum wage folks.
I think the point of his question was, if he is a scammer he already had the $200 so why put it more effort to send more emails?
by mptfan
Wed Oct 02, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 7547

Re: Recourse for "Stolen" Money

Went to the local town assessor of the address he gave me and it matches. Also cell phone goes to a voicemail with his name (not saying it's legit). Also, this dude sent me a solid 10 emails after we agreed to refund the money - seems like he just would have gone silent, why put in the effort? All ...
by mptfan
Wed Oct 02, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 140
Views: 8941

Re: Car price ratio to NW

JoeRetire wrote:
Thu Aug 02, 2018 1:35 pm
Never pay more than 100% of your net worth for a car. Less is better.
When I started working after school, I had a negative net worth because of student loans. Does that mean I could not afford a car?
by mptfan
Mon Sep 30, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: How does SS security office knows you're alive?
Replies: 19
Views: 2487

Re: How does SS security office knows you're alive?

It's a good question, take a look at these threads...

"How do annuity payers and pension companies know when you die?"

viewtopic.php?f=1&t=274675&p=4416248

viewtopic.php?f=2&t=229762
by mptfan
Mon Sep 30, 2019 11:39 am
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 174
Views: 22209

Re: Why does dividend investing not work?

The title of this thread is "Why does dividend investing now work?" Who said dividend investing does not work, where is that coming from?
by mptfan
Sun Sep 29, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 109
Views: 18021

Re: Success stories of NOT buying more/too much house

Don't do it!! When I bought my home in 1993, the term Starter Home was what was used over and over again by the realtors we were dealing with. I never said anything to them, but me and my wife did not agree with that philosophy. We have been mortgage free 12 years earlier than expected and enjoy th...
by mptfan
Sun Sep 29, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Do you know what your partner spends money on?
Replies: 80
Views: 6129

Re: Do you know what your partner spends money on?

cncm wrote:
Sun Sep 29, 2019 11:08 am
It would really be helpful to have a holistic view across all the accounts but at the same time, I don't want to sound controlling when I ask to see my spouse's credit card statement.
Why don't you want to sound controlling? There's nothing wrong with one partner being in control of the finances.
by mptfan
Sat Sep 28, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary passes, leaves hospital bills, can hospitals get money from her trust fund until paid in full?
Replies: 24
Views: 4719

Re: Beneficiary passes, leaves hospital bills, can hospitals get money from her trust fund until paid in full?

"In general, all debts incurred jointly to provide for marital expense or to benefit the children of the marriage continue to be the responsibility of both spouses even after separation." Yes, of course if a debt is "incurred jointly" it is the responsibility of both spouses, but that is true with ...
by mptfan
Sat Sep 28, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Beneficiary passes, leaves hospital bills, can hospitals get money from her trust fund until paid in full?
Replies: 24
Views: 4719

Re: Beneficiary passes, leaves hospital bills, can hospitals get money from her trust fund until paid in full?

State laws may apply, but I think in a lot of cases spouses are responsible for each other's medical, housing etc expenses. Do you have a cite for this? IANAL, but it looks like some states' take on the doctrine of necessaries could give creditors grounds. It seems like a tricky sell in practice, b...
by mptfan
Sat Sep 28, 2019 7:29 am
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9227

Re: Merrill Lynch Advisor wants to meet for coffee

Stinky wrote:
Thu Sep 26, 2019 8:28 pm
We had the same legacy land line phone number for 30 years, but haven’t answered it for about 2 years.
Why do you keep it?
by mptfan
Sat Sep 28, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Beneficiary passes, leaves hospital bills, can hospitals get money from her trust fund until paid in full?
Replies: 24
Views: 4719

Re: Beneficiary passes, leaves hospital bills, can hospitals get money from her trust fund until paid in full?

CAsage wrote:
Wed Sep 25, 2019 9:06 pm
State laws may apply, but I think in a lot of cases spouses are responsible for each other's medical, housing etc expenses.
Do you have a cite for this?
by mptfan
Fri Sep 27, 2019 7:38 am
Forum: Personal Investments
Topic: Reporting Annuity Insurance Agent
Replies: 8
Views: 947

Re: Reporting Annuity Insurance Agent

My mom bought an annuity from an agent who highly misrepresented the product. I was at the seminar where the agent presented the product, so I know that it wasn't just my mom misunderstanding. Unless you have the misrepresentation in writing, you should expect the agent to deny that he misrepresent...
by mptfan
Fri Sep 27, 2019 5:55 am
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 19545

Re: financially clueless senior MIL who thinks she’s rich

For example if one's parents still have the legal right to drive but are a danger on a road (pretty common at a certain age), it just plain evil not only for them but for everybody around to shrug and let them drive because you "cannot stop them, they are adults". In case somebody is hurt guess who...
by mptfan
Thu Sep 26, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 19545

Re: financially clueless senior MIL who thinks she’s rich

Isn't that percentage "at birth"? By the time people have already survived to an advanced age (or even less advanced), their average longevity likelihoods are much different, as the early deaths have been removed, and those have a bigger weight on the averages from birth. I am aware of that and no,...
by mptfan
Thu Sep 26, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 19545

Re: financially clueless senior MIL who thinks she’s rich

I think you're far too conservative. Her likelihood to live another 20 years is insanely low. I agree. The life expectancy of an 80 year old is 9 years, so it's not likely she will live much past the age of 90. Sure, it could happen, but it is unlikely. Planning for her to live until 104 is not rea...
by mptfan
Thu Sep 26, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 19545

Re: financially clueless senior MIL who thinks she’s rich

Jack FFR1846 wrote:
Thu Sep 26, 2019 1:33 pm
You offered to help and she said "bud out".

I don't see any further questions here.
I agree.
by mptfan
Thu Sep 26, 2019 1:16 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9227

Re: Merrill Lynch Advisor wants to meet for coffee

Taylor Larimore wrote:
Thu Sep 26, 2019 12:36 pm
Our "friend," the Merrill Lynch broker, never invited us to go sailing again. :confused
Really? What happened?
by mptfan
Thu Sep 26, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 109
Views: 18021

Re: Success stories of NOT buying more/too much house

I would wager that Buffet has given more to charity than most everyone on this forum will earn in our lifetimes, combined. Miser is a ridiculous word to use to describe him. Warren Buffett has pledged to give the majority of his fortune to the Gates Foundation and other charities. The total value o...
by mptfan
Wed Sep 25, 2019 5:10 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9227

Re: Merrill Lynch Advisor wants to meet for coffee

psteinx wrote:
Wed Sep 25, 2019 5:09 pm
A lot of people would simplify their life if they learned to say "no" more often.

Or just hang up the phone, as appropriate.
I agree, but salespeople take advantage of the desire to be polite.
by mptfan
Wed Sep 25, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 109
Views: 18021

Re: Success stories of NOT buying more/too much house

I don't want to take away from the redeeming qualities Buffet has, but what he does not have (or probably ever had) was a loving relationship with his spouse and an ability to enjoy himself and his wealth. I like the idea of being happy with what one has, but at some point you're just a miser if yo...
by mptfan
Wed Sep 25, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: How does a bank make money off you? How to ensure they don't
Replies: 69
Views: 7855

Re: How does a bank make money off you? How to ensure they don't

And they were never forthcoming that those products were designed to be better for them than for me. Do you actually expect sales folks to be that forthcoming? :confused LOL, no kidding. I can only imagine such a conversation... Bank rep: "Mr. DualCitizen, I should tell you that these products are ...
by mptfan
Tue Sep 24, 2019 10:25 pm
Forum: Personal Investments
Topic: Coming to the realization that Traditional is probably wiser
Replies: 42
Views: 6734

Re: Coming to the realization that Traditional is probably wiser

KlangFool wrote:
Tue Sep 24, 2019 7:15 pm
You have to survive in order to succeed. OP has to survive the next few recessions first before he is lucky enough to have this problem.
I agree with KlangFool.
by mptfan
Tue Sep 24, 2019 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 7691

Re: Managing joint finances when one is a perfectionist

I think people who manage their own money following Boglehead principles are a very small minority. I certainly don't know the exact percentage, but I would say it is in the single digits.
by mptfan
Tue Sep 24, 2019 3:04 pm
Forum: Investing - Theory, News & General
Topic: Don't confuse strategy with outcome:
Replies: 94
Views: 5677

Re: Don't confuse strategy with outcome:

Think of this example... someone might take their life savings, let's say 1 million dollars, and bet it all on black on one spin of the roulette wheel at a casino. They may win and walk out with 2 million dollars...that's a great outcome, but not a great strategy.
by mptfan
Tue Sep 24, 2019 1:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12296
Views: 2102680

Re: U.S. stocks in free fall

stocknoob4111 wrote:
Mon Sep 23, 2019 11:25 am
The problem with one's portfolio growing is that your contributions now mean less and less and most of the movement is dictated by the market.
That is what I call a first world problem, and it's a very good "problem" to have.
by mptfan
Tue Sep 24, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 7691

Re: Managing joint finances when one is a perfectionist

Well, yes, if her husband was making investing decisions out of ignorance than he’d just be passing his ignorance onto his wife by involving her. But there are plenty of posters on this forum who are well informed but are very concerned about their spouses’ total lack of interest in financial matte...
by mptfan
Tue Sep 24, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 7691

Re: Managing joint finances when one is a perfectionist

And I don't think she would be more vulnerable if her husband had taken care of the money without her involvement while he was alive. I don’t understand this position. The less you know about any topic, the more likely you are to be taken advantage of by someone who has — or claims to have — expert...
by mptfan
Tue Sep 24, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 7691

Re: Managing joint finances when one is a perfectionist

I am specifically referring to the "Widow with no clue" gets talked up at a seminar, or a "Free dinner" or the "friend" from church. I could have more explicit about them being a new client without knowledge versus an existing client where the partner handled the money with a high fee advisor. I do...
by mptfan
Mon Sep 23, 2019 10:06 am
Forum: Personal Consumer Issues
Topic: Traveling to Riyadh for Business
Replies: 44
Views: 3234

Re: Traveling to Riyadh for Business

Elysium wrote:
Mon Sep 23, 2019 10:05 am
These are things not appropriate in US either, we are supposed to be well past the unwanted touching of female colleagues or sub-ordinates in this era.
Um, where did BogleMelon state that the touching was unwanted? Why would you assume that?
by mptfan
Mon Sep 23, 2019 9:25 am
Forum: Personal Consumer Issues
Topic: Traveling to Riyadh for Business
Replies: 44
Views: 3234

Re: Traveling to Riyadh for Business

I'd suggest avoiding the place like the plague. During my career I just personally refused to travel to or visit a long term repressive and misogynistic country like Saudi Arabia. Referring to Saudi Arabia as a "repressive and misogynistic country" is a personal opinion and a political comment, tha...
by mptfan
Mon Sep 23, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: How does a bank make money off you? How to ensure they don't
Replies: 69
Views: 7855

Re: How does a bank make money off you? How to ensure they don't

DualCitizen wrote:
Sun Sep 22, 2019 3:00 pm
It's not that this is a particularly horrible bank, but they've tried to take advantage of me in so many ways over the years that I'm looking for a simple way to prevent them from doing so at all,
The simplest way would be to stop doing business with them.
by mptfan
Sun Sep 22, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Best way to track / categorize spending?
Replies: 35
Views: 1875

Re: Best way to track / categorize spending?

Also, with Excel I can customize the reports to look exactly the way I want. I was a very experienced Excel user for a long time so maybe easier for me that others? I would not use a canned software package now that I have everything set up exactly the way I want it in Excel. Same for me, except I ...