Search found 4571 matches

by mptfan
Thu Sep 20, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 122
Views: 6629

Re: Physical Banking - Any benefits anymore?

Plus they have the closest ATM and it's within walking distance to where I live You don't have to be a customer to use the ATM. Right - but you probably will be charged an added fee. Right, but some banks will reimburse ATM fees. For example, the Schwab high yield investor checking account reimburs...
by mptfan
Thu Sep 20, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 122
Views: 6629

Re: Physical Banking - Any benefits anymore?

Steelersfan wrote:
Thu Sep 20, 2018 2:14 pm
Plus they have the closest ATM and it's within walking distance to where I live
You don't have to be a customer to use the ATM.
by mptfan
Thu Sep 20, 2018 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4627

Re: Elderly parents are in debt - Need advice

Olemiss540 wrote:
Wed Sep 19, 2018 6:15 pm
I am guessing after 70 years, bankruptcy, providing assistance, etc is not going to change much of anything. They need to try and get through the next few months dealing with health issues and then try to convert to a Dave Ramsey style change of habits.
Good luck with that.
by mptfan
Wed Sep 19, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3852

Re: “Majority of working-age Americans have no retirement savings”

AlohaJoe wrote:
Wed Sep 19, 2018 11:12 am
The median household in the 55-64 age bracket is around $50,000.
I'm not sure where that number comes from, the median household income is now $61,372.

https://www.thebalance.com/what-is-aver ... ry-3306189
by mptfan
Wed Sep 19, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3852

Re: “Majority of working-age Americans have no retirement savings”

Please use "retirement-age" the same as Full-Retirement Age (FRA) for Social Security. I think the FRA for social security is 65-66 for current retirees, and according to my research, the average retirement age in the U.S. is in the 63-65 range, so I would say yes, the majority of retirement age Am...
by mptfan
Wed Sep 19, 2018 10:43 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3852

Re: “Majority of working-age Americans have no retirement savings”

livesoft wrote:
Wed Sep 19, 2018 10:39 am
Is is safe to say that "The majority of retirement-age Americans are retired" ?
That depends on the definition of "retirement-age Americans."
by mptfan
Tue Sep 18, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4627

Re: Elderly parents are in debt - Need advice

Did your parents ask for your advice?
by mptfan
Tue Sep 18, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9974

Re: Massive Student Loan Debt - Fiancee

DanEmmy wrote:
Tue Sep 18, 2018 8:54 am
It seems to me that you're quick to penalize her for taking out student loans, for which she likely had no choice,...
Um, no. She had a choice, we all have choices. I'm not saying she made a bad choice or a good choice, but she did make a choice, and choices have consequences.
by mptfan
Mon Sep 17, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 114
Views: 8536

Re: Delaying Social Security Until 70

My birth year is 1958. My 35 years adjusted for inflation total $3,998,926.68. My 90% + 32% + 15% number is $2,864.74. My spreadsheet says $43,629.46 deferring to age 70 using the SSA publication. Their web portal says $43,524. I got within $100. Not sure what the discrepancy is. I must have a tran...
by mptfan
Fri Sep 14, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Dental Coverage Feedback
Replies: 13
Views: 987

Re: Dental Coverage Feedback

toofache32 wrote:
Fri Sep 14, 2018 7:41 am
New patients often like to say they haven't been to the dentist in a long time because they didn't have dental insurance. :oops: It's an interesting mentality. I wonder how they eat without grocery insurance.
LMAO
by mptfan
Wed Sep 12, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9974

Re: Massive Student Loan Debt - Fiancee

dm200 wrote:
Wed Sep 12, 2018 2:48 pm
No experience with either - but money disagreements are in the top two for divorce, etc.

Sex is the other.
Or rather, the lack thereof.
by mptfan
Wed Sep 12, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9974

Re: Massive Student Loan Debt - Fiancee

I love this woman, but she doesn't seem to comprehend the gravity of the situation. I love her, but I agonize about our future. How much of a red flag should this be? If the PSLF program were to fail, it seems paying back the debt would be insurmountable. How much is this me being shallow vs. a val...
by mptfan
Mon Sep 10, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2418

Re: Investing in 5G Wireless

David Jay wrote:
Mon Sep 10, 2018 3:38 pm
The consensus at BH is to invest in the market, rather than "guess" what technologies and/or sectors will do well in the future.
Unless of course you are referring to the bond market, in which case some Bogleheads recommend avoiding all bonds except treasuries.
:oops:
by mptfan
Mon Sep 10, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7144

Re: Anyone else playing catch-up in their 40's?

fortfun, great list, but you left out the biggest issue that prevents many people from saving as much as they should...buying too much house and becoming house poor.
by mptfan
Mon Sep 10, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7144

Re: Anyone else playing catch-up in their 40's?

It seems most of the ppl here started saving diligently in their 20's or 30's.... What made you come to that conclusion? Just from reading various posts over the last couple years. Maybe its just an assumption on my part though, clearly it is after reading these replies I think it is just an assump...
by mptfan
Mon Sep 10, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone using a bill paying service?
Replies: 38
Views: 3933

Re: Is anyone using a bill paying service?

I didn't say anything about the electric company. Electric company is probably OK, although I wouldn't do it. Do you use it for everything, or just the electric company? The issue is that people who do allow direct debit do it on almost everything. Both of my daughters don't even know how to use El...
by mptfan
Mon Sep 10, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7144

Re: Anyone else playing catch-up in their 40's?

JD2775 wrote:
Sun Sep 09, 2018 11:24 am
It seems most of the ppl here started saving diligently in their 20's or 30's....
What made you come to that conclusion?
by mptfan
Fri Sep 07, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: I want to pry my friend away from Edward Jones
Replies: 71
Views: 7600

Re: I want to pry my friend away from Edward Jones

CyclingDuo wrote:
Fri Sep 07, 2018 10:22 am
People think nothing of openly chatting about saving $XXX amount of dollars on various services, products, dining, vacations, etc... but when it comes to AUM fees or ER fees for funds - why should it be mum's the word?
It shouldn't.
by mptfan
Fri Sep 07, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Rec. for a specific type of internet router
Replies: 33
Views: 1478

Re: Rec. for a specific type of internet router

Google Wifi. I just set it up in my house and I love it, best thing I've done recently.
by mptfan
Fri Sep 07, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: I want to pry my friend away from Edward Jones
Replies: 71
Views: 7600

Re: I want to pry my friend away from Edward Jones

We all have many friends, family members, and colleagues who match your neighbor in their thinking. Most would be more than happy to engage in a discussion on the price of Direct TV vs. cable television, or a phone plan with Verizon vs. AT&T, where they get their oil changed, or how much they saved...
by mptfan
Thu Sep 06, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 4649

Re: To Be or Not to Be...Married

Here we go again with the judging of relationships by this forum based on extremely limited info. OP just need some advice regarding a financial marriage penalty not judging whether their relationship is strong enough for marriage. The OP asked for input regarding her decision to marry... "I know t...
by mptfan
Thu Sep 06, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 4649

Re: To Be or Not to Be...Married

batpot wrote:
Thu Sep 06, 2018 2:18 pm
On a purely financial basis...marriage makes little sense.
Really? I don't think Larry David's ex wife would agree with that.
by mptfan
Thu Sep 06, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 4649

Re: To Be or Not to Be...Married

gazelle1991 wrote:
Thu Sep 06, 2018 2:02 pm
I am struggling with the decision to wait on marriage vs. getting it done.
In my opinion, if you are struggling enough to ask strangers on the internet then you are not ready to get married.
by mptfan
Thu Sep 06, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Elderly (innocent) relative received this horrible email
Replies: 51
Views: 5816

Re: Elderly (innocent) relative received this horrible email

Even if this was true, what could the blackmailer really do? People would see a split-screen of the victim staring at a computer screen on one side, then on the other would be a porn video? What would that prove anyway? The victim may be doing something other than just staring at the screen. :shock:
by mptfan
Tue Sep 04, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: "Take risk on the equity side" -> Drop corporate bonds from bond fund? AAA-AA gov only? [Non-US]
Replies: 22
Views: 1240

Re: "Take risk on the equity side" -> Drop corporate bonds from bond fund? AAA-AA gov only? [Non-US]

In the meanwhile, perhaps you can share your thoughts on whether or not corporate bonds in the given case should be chucked or maybe you see it as overthinking and "take risk on equity side" not really applying here? I think investment grade and high yield corporate bonds of varying durations shoul...
by mptfan
Tue Sep 04, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: "Take risk on the equity side" -> Drop corporate bonds from bond fund? AAA-AA gov only? [Non-US]
Replies: 22
Views: 1240

Re: "Take risk on the equity side" -> Drop corporate bonds from bond fund? AAA-AA gov only? [Non-US]

Ben Graham 's suggestion to use high grade bonds of relatively short maturity (7 years or less) may be relevant. William Bernstein goes for short term gov bonds as well. Suggesting high grade bonds of short duration is not the same as advising "take your risk on the equity side." As soon as you ste...
by mptfan
Tue Sep 04, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Gentlemen: underwear shopping question
Replies: 35
Views: 3937

Re: Gentlemen: underwear shopping question

I find my inexpensive cotton briefs when traveling on an airplane uncomfortable. Do you think something like the ExOfficio Give-N-Go would work better? Any recommendations? My recommendation is to stop wearing either briefs or boxers and instead wear boxer briefs. I did that a few years ago...I swi...
by mptfan
Tue Sep 04, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: "Take risk on the equity side" -> Drop corporate bonds from bond fund? AAA-AA gov only? [Non-US]
Replies: 22
Views: 1240

Re: "Take risk on the equity side" -> Drop corporate bonds from bond fund? AAA-AA gov only? [Non-US]

I hear it repeated a lot: "take risk on the equity side"... I have heard that too, and it does get repeated around here a lot, but not everyone agrees with that. Just because some people repeat something doesn't make it true and does not mean it is good advice, you need to dig in and find out where...
by mptfan
Mon Sep 03, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do you take advantage of all identity monitoring offers?
Replies: 20
Views: 1101

Re: Do you take advantage of all identity monitoring offers?

DanMahowny wrote:
Sat Sep 01, 2018 2:51 pm
The "monitoring services" are a waste, at best.

They are more likely to increase your risk of identity theft.

Freeze your credit. This is your best defense.
Agreed.
by mptfan
Mon Sep 03, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: I want to pry my friend away from Edward Jones
Replies: 71
Views: 7600

Re: I want to pry my friend away from Edward Jones

Hi there Bogleheads, Earlier this week I had a conversation with a neighbor/friend in which she mentioned that she has her investments with Edward Jones. Of course I cringed and told her that I think EJ is horrible, awful, expensive, etc. etc. We talked about it for a few minutes, and she said she ...
by mptfan
Sun Sep 02, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 70
Views: 8998

Re: Pre nups.

Does the house value + rental income + appreciation, and stocks' + 401k's cap gain and dividend, triple in value, they are all protected in a pre nup? Does the income generated with dividend and rental property protected with a pre nup? Or, it becomes joint money? It depends on the terms of the pre...
by mptfan
Sun Sep 02, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 70
Views: 8998

Re: Pre nups.

Even without a divorce, often the surviving spouse inherits 100% of the first-deceased spouse's assets. Thus the deceased spouse's offspring from a previous marriage inherit NOTHING. If this something that a prenup addresses in some way or is it strictly something to be written into one's will? Nei...
by mptfan
Thu Aug 30, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Closing Bank Account - No Confirmation Letter
Replies: 4
Views: 673

Re: Closing Bank Account - No Confirmation Letter

Is that something I should be concerned about? I thought about contacting the main office after 30 days to see if they could at least give me verbal confirmation that it's closed. I never had anything tied to this account, but I don't want it staying open in case of identity theft or something like...
by mptfan
Thu Aug 30, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Chipotle question
Replies: 73
Views: 4379

Re: Chipotle question

My late mother in law used to put sugar packets, salt and pepper packets, catsup packets, rolls, and butter into her purse - then ask for more rolls! My ex (but not late) mother in law orders water with lemon then adds sugar and mixes it to make what I refer to as "cheapskate lemonade." Thank goodn...
by mptfan
Wed Aug 29, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11243

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Investing the Boglehead way is simple. I totally agree that it is simple but the authors promoting this investing style, including John Bogle, write scores of books about this style of investing, and each book is several hundred pages. If it is so simple, why do we need all of those books? For the ...
by mptfan
Wed Aug 29, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11243

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

One of my biggest pet peeves is people who advocate for owning the entire market as the best way to be fully diversified, unless of course it is the bond market, in which case they advocate for owning only one part of the bond market, treasuries, and ignoring all other bonds. I really don't get that...
by mptfan
Wed Aug 29, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9499

Re: Landlord Nightmare

Landlords cannot discriminate on the basis of marital or family status— can’t discriminate against single people or against married people as examples. Do you have a cite for that? I'm not saying you're wrong, I just did not know that was true and I am curious to read about it. 42 U.S.C. 3601 et se...
by mptfan
Tue Aug 28, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9499

Re: Landlord Nightmare

TxAg wrote:
Fri Aug 24, 2018 6:49 pm
The new wave of "emotional support animals" is such baloney, and it hurts the people that truly need/use a service dog.
+1 It's everywhere now...grocery stores, restaurants, bars...some businesses are afraid to say no to animals.
by mptfan
Tue Aug 28, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9499

Re: Landlord Nightmare

jalbert wrote:
Tue Aug 21, 2018 4:48 pm
Landlords cannot discriminate on the basis of marital or family status— can’t discriminate against single people or against married people as examples.
Do you have a cite for that? I'm not saying you're wrong, I just did not know that was true and I am curious to read about it.
by mptfan
Mon Aug 27, 2018 4:14 pm
Forum: Personal Consumer Issues
Topic: Real Estate sale question. Reasonable offer expiration time period?
Replies: 15
Views: 639

Re: Real Estate sale question. Reasonable offer expiration time period?

Frequently a buyer will make a short offer period because they don't want someone else to swoop in and make an offer. They want you to have to decide and not turn it into a multiple offer scenario where the price might go up. Most buyers make 24 hour periods because if they don't get your house the...
by mptfan
Sun Aug 26, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 21982

Re: Did you celebrate when you finally hit $1m?

michaeljc70 wrote:
Sat Aug 25, 2018 5:57 pm
When I reach 3.14159265 million, I'd celebrate :shock:
You should have a piece of pie.
by mptfan
Sat Aug 25, 2018 11:40 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 21982

Re: Did you celebrate when you finally hit $1m?

TheBogleWay wrote:
Fri Jun 22, 2018 5:06 am
Did you celebrate your first $1m and if so, how?
First $1m of what? Assets? Investments? Net worth? Liquid net worth?
by mptfan
Fri Aug 24, 2018 8:12 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7763

Re: I still use cash not credit cards should I reconsider?

Perhaps it's a phobia of sorts but I feel that I lose track of spending if I use my cc for daily purchases. We don't have a spending problem as we live below our means but using too much cc (for me) makes me feel financially disorganized. That's funny because I have exactly the opposite feeling...I...
by mptfan
Fri Aug 24, 2018 8:05 am
Forum: Investing - Theory, News & General
Topic: What to do at 62?
Replies: 52
Views: 5995

Re: What to do at 62?

tennisplyr wrote:
Thu Aug 23, 2018 5:10 pm
We recently lost several friends in their early sixties, so you can wait if you want...
I don't think you will regret waiting when you are dead. There may be an afterlife, but I doubt social security will be a topic of worry there.
by mptfan
Thu Aug 23, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Social Security
Replies: 7
Views: 973

Re: Social Security

willyd123 wrote:
Thu Aug 23, 2018 6:23 am
I also read on the internet that SS includes 35 years of earnings AFTER the age of 21. The "after age 21" is news to me.
Be careful what you read "on the internet." You should evaluate the source, where did you read that, and what exactly did it say?
by mptfan
Thu Aug 23, 2018 8:43 am
Forum: Investing - Theory, News & General
Topic: What to do at 62?
Replies: 52
Views: 5995

Re: What to do at 62?

SGM wrote:
Wed Aug 22, 2018 7:58 am
Do married men claim early out of ignorance or caddism?
What is caddism?
by mptfan
Wed Aug 22, 2018 4:22 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 57
Views: 6600

Re: Credit Card Fraud - $30K

Momus wrote:
Sat Aug 18, 2018 7:13 pm
I don't care about cc fraud, not my problem. The bank will reimburse you 100%.
Only if you notify them of the fraud within a certain amount of time after you receive the statement with the fraudulent transaction, I think the time frame is 60 days but I may be corrected on that.
by mptfan
Wed Aug 22, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 57
Views: 6600

Re: Credit Card Fraud - $30K

This is one of the reasons I do not keep any open rarely used accounts. I either regularly use and monitor an account, or I close it.
by mptfan
Wed Aug 22, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 4927

Re: Is divorce a wise financial move?

smitcat wrote:
Wed Aug 22, 2018 7:23 am
Divorcing for the specific purpose of financial gain with anything such as taxes, SS and medical status woudl be fraud and woudl be looked upon as theft.
I do not think this is true. Who is stealing from whom?