Search found 4626 matches

by mptfan
Tue Oct 23, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 41
Views: 6276

Re: Set it and forget it

by mptfan
Tue Oct 23, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 77
Views: 4929

Re: For those who paid off house - how did you do it?

1) Don't buy too much house. 2) Don't pay for space that you will hardly ever use, like "great rooms" or "bonus rooms" or extra bedrooms 3) Do not determine how much house you can afford based on how much a lender is willing to "approve" a mortgage 4) Do not get a mortgage longer than 15 years, and ...
by mptfan
Tue Oct 23, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Car Dealer told us car was Certified, but it isnt
Replies: 69
Views: 3320

Re: Car Dealer told us car was Certified, but it isnt

toofache32 wrote:
Mon Oct 22, 2018 9:38 pm
Agreed. I learned this when the dealer wanted to change the air in my tires and flush the headlight fluid.
Is this a joke?
by mptfan
Mon Oct 22, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Car Dealer told us car was Certified, but it isnt
Replies: 69
Views: 3320

Re: Car Dealer told us car was Certified, but it isnt

Shady salespeople know and use the following to their advantage: 1) The moment after words are spoken they are gone forever and have no meaning and can't be proven (unless they are recorded). It is only what is in writing that matters. 2) Many people rely on words spoken by salespeople as having mea...
by mptfan
Mon Oct 22, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: Car Dealer told us car was Certified, but it isnt
Replies: 69
Views: 3320

Re: Car Dealer told us car was Certified, but it isnt

... a verbal contract is as good as written.... If you have witnesses willing to testify on your behalf. Even then it is not as good. I have seen cases where, not only is there no documentation to support what the buyer claims the salesperson said, but even worse, the buyer actually signed a docume...
by mptfan
Mon Oct 22, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Car Dealer told us car was Certified, but it isnt
Replies: 69
Views: 3320

Re: Car Dealer told us car was Certified, but it isnt

Thegame14 wrote:
Mon Oct 22, 2018 2:50 pm
Which outcome makes the most sense?
I don't know, that's up to the dealer to decide.
by mptfan
Mon Oct 22, 2018 2:49 pm
Forum: Personal Consumer Issues
Topic: Car Dealer told us car was Certified, but it isnt
Replies: 69
Views: 3320

Re: Car Dealer told us car was Certified, but it isnt

The sales folks are very good at having the buyers believe what they say, but not what the paperwork says in writing. +1 That seems to be one of the most important skills of car salespeople. The most important thing you should learn from this is, if a salesperson tells you something that is not in ...
by mptfan
Mon Oct 22, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Car Dealer told us car was Certified, but it isnt
Replies: 69
Views: 3320

Re: Car Dealer told us car was Certified, but it isnt

I don't care about paperwork, a verbal contract is as good as written. You cant have sales people telling you a car is certified when it isn't that is fraud. You should care about paperwork because the sales people will deny that they told you that the car was certified and you will have no proof o...
by mptfan
Mon Oct 22, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 142
Views: 11158

Re: PSA: Don't buy a big house

shell921 wrote:
Mon Oct 22, 2018 9:05 am
High ceilings are cavernous! Lower ones are cozy ! And "great rooms" are pretentious!
I agree. I like my 8 foot ceilings.
by mptfan
Fri Oct 19, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Retired applying for credit cards
Replies: 22
Views: 2040

Re: Retired applying for credit cards

My understanding of the rules is that I can count my smallish pension and interest/dividends in my taxable accounts, but not withdrawals from principal in taxable (though I think all withdrawals from retirement accounts would count). What is the source of that understanding? I've tried to go to the...
by mptfan
Thu Oct 18, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retired applying for credit cards
Replies: 22
Views: 2040

Re: Retired applying for credit cards

I just don't want to fight some bureaucrat who was instructed to use a conservative formula for income that was written by a company to avoid running afoul of the CARD Act. You are entitled to use a conservative interpretation of the phrase "retirement income," but to suggest that "bureaucrats were...
by mptfan
Thu Oct 18, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Retired applying for credit cards
Replies: 22
Views: 2040

Re: Retired applying for credit cards

You asked for the source of my understanding, and I provided it. I already noted that my approach may be overly conservative. Fair enough. My only point is that there are no rules when it comes to what forms of income can be considered when filling out a credit card application. And I don't think i...
by mptfan
Thu Oct 18, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Retired applying for credit cards
Replies: 22
Views: 2040

Re: Retired applying for credit cards

My understanding of the rules is that I can count my smallish pension and interest/dividends in my taxable accounts, but not withdrawals from principal in taxable (though I think all withdrawals from retirement accounts would count). What is the source of that understanding? None of these list draw...
by mptfan
Thu Oct 18, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements
Replies: 28
Views: 2147

Re: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements

Horsefly wrote:
Wed Oct 17, 2018 6:38 pm
The letter specifically says that they have to do this to comply with Federal Regulations. I pointed out that no one else has this problem, but they didn't really address why they are unique.
Did the letter specifically cite which federal regulations?
by mptfan
Thu Oct 18, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements
Replies: 28
Views: 2147

Re: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements

They use one of the two oldest excuses in the book: (1) the government forces us to do it, and/or (2) our computer/IT system is not capable of handling it. +1 It drives me crazy when someone or some organization claims that they have to do something because of a law or a regulation, but they can't ...
by mptfan
Thu Oct 18, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retired applying for credit cards
Replies: 22
Views: 2040

Re: Retired applying for credit cards

MandyT wrote:
Wed Oct 17, 2018 2:03 pm
My understanding of the rules is that I can count my smallish pension and interest/dividends in my taxable accounts, but not withdrawals from principal in taxable (though I think all withdrawals from retirement accounts would count).
What is the source of that understanding?
by mptfan
Wed Oct 17, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: Would you ever buy a lottery ticket?
Replies: 32
Views: 1317

Re: Would you ever buy a lottery ticket?

I am not going to buy a ticket because I am afraid I might win.
by mptfan
Tue Oct 16, 2018 7:34 am
Forum: Investing - Help with Personal Investments
Topic: $50,000: Should I buy now or wait for the market to drop further?
Replies: 43
Views: 6904

Re: $50,000: Should I buy now or wait for the market to drop further?

Sophia1884 wrote:
Sun Oct 14, 2018 12:55 am
Also, my understanding is that when stocks drop, bonds increase in price?
From where did you get that understanding?
by mptfan
Mon Oct 15, 2018 11:40 am
Forum: Personal Consumer Issues
Topic: Need new email address. Gmail or ???
Replies: 70
Views: 5125

Re: Need new email address. Gmail or ???

I am a long time Outlook user and much prefer it over Gmail although I do have Gmail account too. I really like the archive and search capabilities of Outlook. I have not found Gmail to have comparable capability although my knowledge of that product is more limited. Gmail has very powerful search ...
by mptfan
Mon Oct 15, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2768

Re: social security

If the op files a separate return from his spouse, every penny of his SS benefit will be taxable. Not a good idea. https://www.irs.gov/newsroom/are-your-social-security-benefits-taxable I think your use of the word "taxable" is a bit misleading. It's true that for married filing separately and livi...
by mptfan
Fri Oct 12, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Can a US citizen be a resident of NO state?
Replies: 61
Views: 17890

Re: Can a US citizen be a resident of NO state?

I investigated this issue about a year ago, and all my online research led to the conclusion that a U.S. citizen is always a resident of at least one state. Not true. U.S. citizens who reside in the District of Columbia (D.C.), Puerto Rico, Guam, the U.S. Virgin Islands and the Northern Mariana Isl...
by mptfan
Thu Oct 11, 2018 1:13 pm
Forum: Investing - Theory, News & General
Topic: 2017 Social Security AWI / Bend Points released
Replies: 10
Views: 905

Re: 2017 Social Security AWI released

Does anyone know what assumptions SS makes about future years Average Wage Index for purposes of supplying their estimate of PIA? You have to read the latest trustees report from the Social Security board of trustees to find out, in particular the long range economic assumptions. (I'll give you a h...
by mptfan
Thu Oct 11, 2018 1:11 pm
Forum: Personal Consumer Issues
Topic: How important is it that dentist is member of ADA?
Replies: 13
Views: 1231

Re: How important is it that dentist is member of ADA?

Looking4Answers wrote:
Thu Oct 11, 2018 9:31 am
How important is it that a dentist be a member of the American Dental Association?
I don't know and I don't care whether my dentist is a member of the ADA.
by mptfan
Thu Oct 11, 2018 1:05 pm
Forum: Investing - Theory, News & General
Topic: 2017 Social Security AWI / Bend Points released
Replies: 10
Views: 905

Re: 2017 Social Security AWI released

Thank you for sharing, I can update my spreadsheet now.
by mptfan
Wed Oct 10, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: Investment grade bonds now made up of 50% BBB rated
Replies: 26
Views: 2721

Re: Total Bond Market fund not what it used to be

For a third thing, most companies that default on their debt end up paying SOMETHING back to bond holders. This is such an important point. It seems to me that when most people hear the word "default" in the contexts of bonds, they assume that means the face value of the bond is not paid back and i...
by mptfan
Wed Oct 10, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 177
Views: 22586

Re: Vanguard - You'll need to sign up for security codes soon

Grasshopper wrote:
Wed Oct 10, 2018 12:15 pm
I have both the old and FIDO2 keys, both are registered with Vanguard and Google and both work on my Chromebooks with Chrome. YMMV
Same here, I have a new FIDO2 key from yubikey and it worked with Chrome OS.
by mptfan
Mon Oct 08, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 50
Views: 3774

Re: What tools do you use to track your finances?

JohnFiscal wrote:
Mon Oct 08, 2018 5:07 pm
I suppose it may be the "engineer" in me but I feel obsessive-compulsive about tracking all transactions.
You are not alone.
by mptfan
Mon Oct 08, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 50
Views: 3774

Re: What tools do you use to track your finances?

I use my own home grown Google Sheets.
by mptfan
Mon Oct 08, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: Market decline in 2019 ?
Replies: 73
Views: 6490

Re: Market decline in 2019 ?

Mark2614 wrote:
Mon Oct 08, 2018 10:45 am
Most people believe we are in a bubble and will see a big market decline (anywhere from 20-50%) soon.
Really? How do you know what most people believe?
by mptfan
Mon Oct 08, 2018 11:38 am
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 177
Views: 22586

Re: Vanguard - You'll need to sign up for security codes soon

Someone else expressed a wish for them to turn off phone authentication when they have physical presence of a security key (device). I strongly second this. Having the option of using a physical security key (like yubikey) as a second form of authentication is a very secure option, but it is much l...
by mptfan
Sun Oct 07, 2018 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can you give "spousal" health insurance to a non-spouse?
Replies: 31
Views: 1565

Re: Can you give "spousal" health insurance to a non-spouse?

I find it rather discriminating the health insurance allows you to extend your coverage to family and spouse, but not a friend in need. There are lots of ways that our society discriminates between spouses and non-spouses... the ability to file taxes jointly, to have visitation rights in a hospital...
by mptfan
Sun Oct 07, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Long or medium bonds
Replies: 88
Views: 5606

Re: Long or medium bonds

$10,000 today is worth more than $10,000 30years in the future. If you buy $10,000 worth of long term bonds/treasuries today you run the risk of never receiving your initial investment back after inflation is accounted for. You will simply receive interest payments. Your nominal numbers will be hig...
by mptfan
Fri Oct 05, 2018 12:52 pm
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 12687

Re: What purchase saved you the most money?

The book "Your Money or Your Life"
by mptfan
Fri Oct 05, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: bond index and rising interest rates
Replies: 17
Views: 2043

Re: bond index and rising interest rates

Interest rates are going up. Existing bonds prices are going down. Maybe no. Expected increases are already baked in. Only if rates rise faster than expected would the NAV fall. If expected increases are already baked in why is Total Bond steadily falling, week by week? Because some of the increase...
by mptfan
Thu Oct 04, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Long or medium bonds
Replies: 88
Views: 5606

Re: Long or medium bonds

vineviz wrote:
Thu Oct 04, 2018 5:42 am
Buffet says it’s “idiotic “ to own long bonds.
That's not what he said, he said "it's been idiotic to own long term bonds," he was referring to the past.
by mptfan
Wed Oct 03, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6294

Re: Is this ignorance or intentionally misleading?

JoMoney wrote:
Wed Oct 03, 2018 6:43 pm
I didn't get the impression that an emphasis on a actuarial precise life estimation based on current age was the point of the message.
I didn't get that impression either, but his conclusion was based on faulty data.
by mptfan
Wed Oct 03, 2018 5:44 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6294

Re: Is this ignorance or intentionally misleading?

Stinky wrote:
Wed Oct 03, 2018 5:42 pm
It's really disappointing that misinformation like this seeps into the public domain.
I agree. It's unfortunate that people who claim to be financial experts disseminate false information as if it is fact.
by mptfan
Wed Oct 03, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6294

Re: Is this ignorance or intentionally misleading?

Anyone would assume the default starting age for average lifetime would be zero. I understand why this may not reflect the experience of an already 65-year-old, but the fact remains that on average a man would spend six years in retirement. Not the average man who makes it to retirement, just the a...
by mptfan
Wed Oct 03, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6294

[CNBC article: Don't expect to retire at 70]

Here is an article published by CNBC entitled "Self-made millionaire: Don't buy into the idea that '70 is the new retirement age." https://www.cnbc.com/2018/10/03/david-bach-disagrees-that-70-is-the-new-retirement-age.html The author of the article quotes David Bach as follows... "There's this new a...
by mptfan
Wed Oct 03, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: Remember traveler's checks? How to cash a forgotten stash
Replies: 29
Views: 3473

Re: Remember traveler's checks? How to cash a forgotten stash

Kenkat wrote:
Wed Oct 03, 2018 3:14 pm
Karl Malden is still accepting them I hear.
Karl Malden and traveler's checks...

https://www.youtube.com/watch?v=VB8_S0ZzRCQ

https://www.youtube.com/watch?v=UQWKAe1kih4
by mptfan
Wed Oct 03, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: Dalio says bonds have entered a bear market
Replies: 98
Views: 11862

Re: Dalio says bonds have entered a bear market

We're just about reaching 10 straight years of pundits screaming "interest rates have no where to go but up!!!" +1 Furthermore, they've been going up, over 1/2% in the last six months--along with my bank savings accounts. And people are still saying "Sooner or later interest rates will go up and wh...
by mptfan
Wed Oct 03, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Long or medium bonds
Replies: 88
Views: 5606

Re: Long or medium bonds

You can see that the short-term fund briefly performed best, as the market anticipated the upcoming rate hikes, but over the full cycle of rising rates the long-term bonds provided the investor with noticeably higher returns. The compounding effect of the higher-yielding long-term bonds more than o...
by mptfan
Wed Oct 03, 2018 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Long or medium bonds
Replies: 88
Views: 5606

Re: Long or medium bonds

One group argues that markets are relatively efficient, so mirroring the broad market is the way to go. This group generally advocates for something like Vanguard Total Bond Market Index Fund (VBTLX). Except that the Vanguard Total Bond Market Index Fund does not mirror the broad market because it ...
by mptfan
Wed Oct 03, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Long or medium bonds
Replies: 88
Views: 5606

Re: Long or medium bonds

z3r0c00l wrote:
Wed Oct 03, 2018 8:36 am
Long just doesn't make sense right now...
I've been hearing that for so long it's getting old, I've been hearing about the so called bond apocalypse due to rising interest rates for so many years I've started to tune out. It hasn't happened yet, meanwhile long term bonds continue to outperform.
by mptfan
Mon Oct 01, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 92
Views: 17261

Re: Why Edward Jones?

Mr.BB wrote:
Sun Sep 30, 2018 5:42 pm
Of course history repeats itself, that's why we have that saying.
There are actually contradictory sayings...

"History repeats itself" - Unknown

"History does not repeat itself, but it often rhymes." - attributed to Mark Twain
by mptfan
Mon Oct 01, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6765

Re: Why is Home Part of NW

willthrill81 wrote:
Sun Sep 30, 2018 9:21 pm
Your net worth is all of your assets less your liabilities. Since a home is an asset, it belongs on the balance sheet.
Exactly.
by mptfan
Mon Oct 01, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 653
Views: 80696

Re: How much money do you want to retire?

peterinjapan wrote:
Mon Oct 01, 2018 7:06 am
I think I can do $4 million, which will do fine. If I can get to $5 million, I will be a happy camper. Wife should have another $1 million too, so I think we will be okay.
You "think" you will be okay at $5 million?
:oops:
by mptfan
Fri Sep 28, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 5974

Re: SS 2019 COLA could be close to 3%

wrongfunds wrote:
Fri Sep 28, 2018 3:11 pm
No, that is in "Current dollars ". It says right there on the column heading :-)
I know you're joking, and I get your point, the heading is misleading.
by mptfan
Fri Sep 28, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 5974

Re: SS 2019 COLA could be close to 3%

Has anybody noticed that today's millennium teenager will be getting $378,943 per year in SS benefits if she earns SS max every year for 35 years of her career? Oh, to be young has its advantages :-) Ref: https://www.ssa.gov/oact/tr/TR01/lr3B5-m.html Seriously, am I reading that chart wrong?? I don...