Search found 4939 matches

by mptfan
Thu Feb 14, 2019 8:33 pm
Forum: Personal Investments
Topic: Fidelity Brokerage and/or Cash Management Account?
Replies: 17
Views: 4699

Re: Fidelity Brokerage and/or Cash Management Account?

Cash wrote:
Thu Feb 14, 2019 7:17 pm
Correct. I also recently learned of the ability to lock down individual accounts to prevent outgoing transfers and will probably do that for my primary brokerage acccount.
That would prevent transfers from the brokerage account to the CMA.
by mptfan
Thu Feb 14, 2019 3:53 pm
Forum: Personal Investments
Topic: Fidelity Brokerage and/or Cash Management Account?
Replies: 17
Views: 4699

Re: Fidelity Brokerage and/or Cash Management Account?

I get the mental accounting, but could you expand on how the two accounts might provide a barrier in case of hacking/theft? This is my understanding... any money market funds held in the CMA account would be liquidated to cover debits or withdrawals from the CMA account, whereas money market funds ...
by mptfan
Thu Feb 14, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 252
Views: 27584

Re: Fidelity as a one stop shop

emlowe, thanks for the information. Does the overdraft feature liquidate other mutual funds (i.e. stock or bond mutual funds) in the brokerage account if there are insufficient funds in the SPAXX?
by mptfan
Thu Feb 14, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 252
Views: 27584

Re: Fidelity as a one stop shop

You can alternatively open a brokerage account and change the core fund to be SPRXX (MM fund), but I also haven't tested this option. I'm not aware that this is an option, to my knowledge the only available options as a core position in the Fidelity brokerage account are SPAXX (Fidelity Government ...
by mptfan
Wed Feb 13, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 252
Views: 27584

Re: Fidelity as a one stop shop

Really wish Fidelity would implement Zelle. Zelle transfers money between banks, Fidelity is not a bank. But it has an ABA routing number and the CMA account operates as a bank account. So unless the issue is that the organization that operates Zelle will not accept a company that is not a bank, I'...
by mptfan
Wed Feb 13, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 252
Views: 27584

Re: Fidelity as a one stop shop

yeahman wrote:
Wed Feb 13, 2019 4:39 am
Really wish Fidelity would implement Zelle.
Zelle transfers money between banks, Fidelity is not a bank.
by mptfan
Tue Feb 12, 2019 4:47 pm
Forum: Personal Investments
Topic: Good time to invest in emerging markets?
Replies: 22
Views: 2491

Re: Good time to invest in emerging markets?

Would you be so king and share your opinion on this? Since you asked, I will be King and share my opinion. Nobody knows. Not Kiplingers, not Money Magazine, not anyone. Now could be a great time to invest in emerging markets, or not. Only time will tell. And your guess is as good as mine. Anyone wh...
by mptfan
Tue Feb 12, 2019 2:21 pm
Forum: Personal Consumer Issues
Topic: Passport Photos ?
Replies: 85
Views: 3515

Re: Passport Photos ?

I see. Thanks for clarifying. For me, what worked was the instant nature if Walgreens- but being me - I realized my passport expired the day I had an international flight so had to stop by and get a pic on the way to Federal building which I had to stop at on the way to airport. Your passport was i...
by mptfan
Mon Feb 11, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: What Happens If You Ignore Being Served a Lawsuit?
Replies: 68
Views: 5278

Re: What Happens If You Ignore Being Served a Lawsuit?

If you do nothing, nothing will happen, but be aware that further, more serious, attempt to serve you might be made. That's not necessarily true. The process server may provide a return of service or affidavit of service to plaintiff's counsel that says service was made...that's enough to get a def...
by mptfan
Mon Feb 11, 2019 3:11 pm
Forum: Personal Consumer Issues
Topic: What Happens If You Ignore Being Served a Lawsuit?
Replies: 68
Views: 5278

Re: What Happens If You Ignore Being Served a Lawsuit?

If you do nothing, nothing will happen, but be aware that further, more serious, attempt to serve you might be made. That's not necessarily true. The process server may provide a return of service or affidavit of service to plaintiff's counsel that says service was made...that's enough to get a def...
by mptfan
Mon Feb 11, 2019 2:15 pm
Forum: Personal Consumer Issues
Topic: Passport Photos ?
Replies: 85
Views: 3515

Re: Passport Photos ?

Remember not to smile for the photo. Have had an application for a family member rejected for that. Keep it neutral. That's not what the passport website says regarding passport photo guidelines... Pose and Expression Have a neutral facial expression or a natural smile, with both eyes open. https:/...
by mptfan
Sun Feb 10, 2019 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 252
Views: 27584

Re: Fidelity as a one stop shop

yogesh wrote:
Sun Feb 10, 2019 1:43 pm
Credit: 2% cashback (even more if you direct to 529/IRA)
Could you elaborate on this? I was not aware that you could get more than 2% cash back.
by mptfan
Sun Feb 10, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Did you investigate your partner's financial background before committing?
Replies: 99
Views: 5630

Re: Did you investigate your partner's financial background before committing?

Court records are easily accessible online... Yes, but if he or she lived in a different state at one point in their lives and did not tell you, you would not know to search the records in that particular state or county and would never find out about a criminal record in that jurisdiction unless t...
by mptfan
Sun Feb 10, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Did you investigate your partner's financial background before committing?
Replies: 99
Views: 5630

Re: Did you investigate your partner's financial background before committing?

I think a private investigator is a step too far. I can't quite put my finger on why, at least for me because I have nothing to hide and so a report would come back clean, so I don't know logically why that feels wrong, but it just does. Because if your partner wanted to know information about you,...
by mptfan
Fri Feb 08, 2019 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card issue. Pay in full or settle?
Replies: 24
Views: 2107

Re: Credit card issue. Pay in full or settle?

Do not agree to do anything unless you follow two rules: 1) get the agreement in writing sent to you from the debt collector before you agree to anything, and 2) follow rule number one. Any words spoken over the phone are meaningless.
by mptfan
Thu Feb 07, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Crypto Exchange goes bankrupt after owner dies with only password
Replies: 87
Views: 9614

Re: Is this event ....

Is this guy's death a BLACK SWAN ??????? No, because it’s expected that exchanges with no standards to follow will have a variety of practices that aren’t necessarily secure. SIPC, FDIC and the requirements to be able to say you are covered actually mean something - a system has been set up to prev...
by mptfan
Thu Feb 07, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 8922

Re: Chase credit card dispute - denied

This seems like an Avis problem not a Chase problem as the card was not used fraudulently. The card was used by mistake by Avis. Chase should not be on the hook for Avis's error. AKA fraud. Did the user give Avis the right to charge the card? It's fraud until the issue is resolved as an error. Frau...
by mptfan
Wed Feb 06, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 8922

Re: Chase credit card dispute - denied

Avis is the jerk here, but Chase is the company that OP has a relationship with (in this transaction) and I expect to be on OP's side and consider even going beyond their absolute mimimum legal obligation. Chase also as a relationship with Avis, and I suspect that relationship is much more lucrativ...
by mptfan
Wed Feb 06, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 8922

Re: Chase credit card dispute - denied

michaeljc70 wrote:
Wed Feb 06, 2019 2:31 pm
What was the fraud? it was a mistake! That is not the same as fraud which requires intent to deceive. No crime was committed.

No one is going to court over this! Seriously? It will get resolved by Avis. No one is going to need cell phone records!
Agreed.
by mptfan
Wed Feb 06, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 8922

Re: Chase credit card dispute - denied

it's not a "billing" a mistake to ask and demand from him after He has told them he has not rented the car. There are laws protecting consumers from some aspects of debt collection. A crime of fraud has been committed. He told them. The police report puts it in writing. Of course he will not file o...
by mptfan
Wed Feb 06, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 8922

Re: Chase credit card dispute - denied

4) Tell them you hope they have provided a copy to law enforcement to help them identify the person committing fraud. Also, since you know you are not in the videos, you have not yet hired an attorney, but hope they will not cause you to consider suing them for harassment. Lol, harassment? How so? ...
by mptfan
Wed Feb 06, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 8922

Re: Chase credit card dispute - denied

@tibbitts - if proving your physical location is still of any value, if you have a cell phone those records would be able to prove your whereabouts. I don't understand, how would a cell phone record prove your location? It shows phone numbers, but any phone number can be called from or received in ...
by mptfan
Wed Feb 06, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: No longer can cash Savings bonds in bank branches?
Replies: 21
Views: 1816

Re: No longer can cash Savings bonds in bank branches?

But "Treasury has changed its policy and now requires the paper bonds be sent directly to them and can no longer be cashed at any bank?" As official language from a script reps are supposed to use? I think that's an outright lie, and if comes from the top and not from a rep's casual improvisation, ...
by mptfan
Wed Feb 06, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 8922

Re: Chase credit card dispute - denied

@tibbitts - if proving your physical location is still of any value, if you have a cell phone those records would be able to prove your whereabouts. I don't understand, how would a cell phone record prove your location? It shows phone numbers, but any phone number can be called from or received in ...
by mptfan
Wed Feb 06, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 8922

Re: Chase credit card dispute - denied

I would remove the card from Avis profile. When I book they ask for a card which I enter. Also, I have always seen them swipe the card when I pick up. For Avis preferred they swipe the card at the exit booth. In retrospect, I should have not stored the card with Avis, but I can't fix that now. I ha...
by mptfan
Tue Feb 05, 2019 9:09 pm
Forum: Personal Consumer Issues
Topic: How exactly are eligible deaths determined for term life insurance
Replies: 27
Views: 1772

Re: How exactly are eligible deaths determined for term life insurance

Gill wrote:
Mon Feb 04, 2019 8:52 pm
Insurance policies have a contestable clause whereby they must pay once two years passes from the date of the policy regardless of the cause of death.
Gill
This. People often think they "know" things that are not true.
by mptfan
Tue Feb 05, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Deposit Cash into Fidelity Cash Management Account via ATM
Replies: 13
Views: 829

Re: Deposit Cash into Fidelity Cash Management Account via ATM

Yes, this is a general (but to me manageable and acceptable) downside to Schwab, Fidelity, Ally, and others. AFAIK the only way to get "cash" directly into them is to buy a money order with the cash and then deposit that in a branch or by mail. In the case of Schwab you can also deposit the money o...
by mptfan
Tue Feb 05, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Deposit Cash into Fidelity Cash Management Account via ATM
Replies: 13
Views: 829

Re: Deposit Cash into Fidelity Cash Management Account via ATM

I have Schwab online bank checking account and I am able to deposit cash by purchasing a money order at the post office and depositing the money order using the Schwab app. I don't think that you can deposit money orders with the Fidelity CMA though, after all, it's not a bank account, whereas the S...
by mptfan
Mon Feb 04, 2019 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidation of multiple IRA accounts
Replies: 2
Views: 185

Re: Consolidation of multiple IRA accounts

Yes, they can. I think all of the contributions to all of the accounts have to be pre-tax, in other words you did not make any non-deductible contributions to your traditional IRA. You *may* be able to rollover to or from the IRA even in that situation, I'm really not sure, but it sure would makes t...
by mptfan
Mon Feb 04, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Help for friend who makes lots of mistakes.
Replies: 24
Views: 2185

Re: Help for friend who makes lots of mistakes.

barnaclebob wrote:
Mon Feb 04, 2019 1:26 pm
But tell her to go to fidelity. They have neighborhood offices and might put her in index funds.
I think "might" is the key word there.
by mptfan
Sat Feb 02, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12266

Re: How much do you need to live on 200k/ year forever?

Will do good wrote:
Sat Feb 02, 2019 10:36 am
+1000
Thank you for this public service announcement, there is the danger of convincing people who is late in their career who could have stop working to enjoy their life, but they end up working another decade because this 2% fearmongering.
I agree.
by mptfan
Sat Feb 02, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12266

Re: How much do you need to live on 200k/ year forever?

Even with a conservative savings, Bonds (not funds but bonds that send you cash), and a dividend heavy portfolio could an individual not get 3% annually rate of return. As result I’ve never understood how the base could be drastically be diluted if an individual uses a conservative 3% withdrawal ra...
by mptfan
Fri Feb 01, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 144
Views: 7588

Re: Were you 100% debt free at retirement

Anyone that owns property is never really debt free. You will always have property tax. You can pay it off immediately but it will return the following year. Bums me out to think I will never really own my house/land. I don't agree with this at all. It's true that all property owners have to pay pr...
by mptfan
Fri Feb 01, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is a Backdoor Roth IRA worth it?
Replies: 44
Views: 2911

Re: Is a Backdoor Roth IRA worth it?

I think the biggest mistake that people make is probably being unaware of the pro rata rule. So if one already has a traditional IRA with pre-tax money, then one can not open a second traditional IRA with after-tax money? All money has to go into the first IRA? No, that's not correct, and that's no...
by mptfan
Fri Feb 01, 2019 4:09 pm
Forum: Personal Investments
Topic: Am I supposed to keep dumping any excess money in an index fund and thats it?
Replies: 39
Views: 4328

Re: Am I supposed to keep dumping any excess money in an index fund and thats it?

With the excess money I got, Ive been dumping it into the US Total market and International market. Is that all it is meant to be? Am I missing out on anything? I think you are doing the right thing and I don't think you are missing anything. Keep it up and you will be just fine, investing does not...
by mptfan
Fri Feb 01, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is a Backdoor Roth IRA worth it?
Replies: 44
Views: 2911

Re: Is a Backdoor Roth IRA worth it?

Is it very simple and easy to do? Have people made mistakes or ran into any problems / pitfalls? I think the biggest mistake that people make is probably being unaware of the pro rata rule. If you have any other Traditional IRAs, the taxable portion of any conversion you make is prorated over all y...
by mptfan
Fri Feb 01, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 144
Views: 7588

Re: Were you 100% debt free at retirement

+1 Always chuckle at posts on the forum that include lines such as 'I'm debt free except for a $400,000 mortgage'. Even more eyebrow raising is the occasional financier who is debt free but for $100,000 student loans :oops: Um, no, you aren't debt free sparky! I agree completely. I don't understand...
by mptfan
Fri Feb 01, 2019 7:36 am
Forum: Personal Investments
Topic: Got suckered into universal life insurance
Replies: 27
Views: 2313

Re: Got suckered into universal life insurance

I just didn't want to drop dead and have the bank come after my husband to repay my student loans (refinanced for a much lower rate, but are now private loans that do not discharge upon death) and mortgage. I think you may be misinformed about whether your future husband would be obligated to pay y...
by mptfan
Thu Jan 31, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: Letting Dog out everyday for lunch... the roundtrip drive is killing me.. ideas?
Replies: 151
Views: 9503

Re: Letting Dog out everyday for lunch... the roundtrip drive is killing me.. ideas?

I'm not a pet person, but you did ask for thoughts outside of the box... can you designate an area that is inside your house or maybe an enclosed semi-inside area like a patio or a garage or a basement where you can set up a potty area with maybe fake grass or something and train him to go there? Th...
by mptfan
Thu Jan 31, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 144
Views: 7588

Re: Were you 100% debt free at retirement

Implied in that is you could pay off if desired? To me, this constitutes being "debt-free" even though one is still carrying debt. Nope. The way I see it, you either have debt or you don't. If Bill Gates had a mortgage he would not be debt free even though he could easily pay off the mortgage a tho...
by mptfan
Thu Jan 31, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 144
Views: 7588

Re: Were you 100% debt free at retirement

I was debt free. It seems obvious to me that a person should be totally debt free before they retire. Maybe I am missing something, but I don't think so. Seems obvious to me also but there are numerous posts implying people intend to do otherwise. It seems obvious to me too, but I have read many po...
by mptfan
Thu Jan 31, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 50
Views: 3490

Re: Setting up Will, do we need trust?

We basically agree with #3 but assumed that a trust would be the document. If we can get by with a written side agreement, I think that would be easier. I think that would be very risky and very likely unenforceable. If spouse 1 dies and leaves everything to spouse 2 with a "side agreement" to leav...
by mptfan
Thu Jan 31, 2019 11:23 am
Forum: Personal Investments
Topic: Keeping Track / Seeing Impact of Fees
Replies: 15
Views: 607

Re: Keeping Track / Seeing Impact of Fees

I am disappointed that it is not standard procedure that I am able see the actual dollar amounts that represent what is taken from my contributions to mutual funds (whether that information would be reported to me quarterly or annually) so that I can see, "In 2018, it costs me $ActualDollars.00 to ...
by mptfan
Thu Jan 31, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Help me understand the taxes of taxable accounts (dividend income)
Replies: 11
Views: 765

Re: Help me understand the taxes of taxable accounts (dividend income)

I initiated taxable investing in Jan. 2018 by purchasing $ 20,000 of VTSAX. I am reinvesting dividends. I recommend that you do not reinvest dividends, you will end up with small tax lots every three months when dividends are paid. I think it's better to have the dividends paid in cash and not rein...
by mptfan
Thu Jan 31, 2019 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 50
Views: 3490

Re: Setting up Will, do we need trust?

I'm in a similar position and a trust offered me no benefit. I'm in California so my house is worth almost 7 figures. The State allows a TOD of residential property that avoids probate. Simply fill out the form with your county and you're all set. The investment accounts and bank accounts skip prob...
by mptfan
Tue Jan 29, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: Is this is a concern for Vanguard--"Two-Factor Authentication Might Not Keep You Safe"
Replies: 23
Views: 2448

Re: Is this is a concern for Vanguard--"Two-Factor Authentication Might Not Keep You Safe"

It is perhaps a little known fact about Vanguard that they allow you to block all online transactions and any and all online access to viewing information for your account(s) with them. You would need to remove that block before anything can be done to modify or even access your accounts online. Va...
by mptfan
Tue Jan 29, 2019 11:18 am
Forum: Investing - Theory, News & General
Topic: What did you learn from 2018 in the markets?
Replies: 104
Views: 5940

Re: What did you learn from 2018 in the markets?

TheTimeLord wrote:
Tue Jan 29, 2019 11:04 am
I keep hearing this whistling sound when I read some of these posts. Uncanny.
Is there a graveyard nearby?
by mptfan
Tue Jan 29, 2019 10:19 am
Forum: Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 74
Views: 3328

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

typical.investor wrote:
Tue Jan 29, 2019 9:48 am
Also, this is at Schwab, so why would you pay the $49 mutual fund fee? Or are Vanguard mutual funds in One Source now?
There is no fee to purchase the Schwab total stock market fund, SWTSX, which has a lower expense ratio (.03%) than the Vanguard total stock market fund, VTSAX (.04%).
by mptfan
Tue Jan 29, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: Is this is a concern for Vanguard--"Two-Factor Authentication Might Not Keep You Safe"
Replies: 23
Views: 2448

Re: Is this is a concern for Vanguard--"Two-Factor Authentication Might Not Keep You Safe"

Most users who buy a yubikey (of those who buy one in the first place) will buy 1. What happens when they lose it? Vanguard will need a process, and that process will need to be a strong one. I agree. Vanguard should allow users to disable SMS in favor of another option like email, or Symantec VIP ...
by mptfan
Tue Jan 29, 2019 8:24 am
Forum: Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 74
Views: 3328

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

typical.investor wrote:
Tue Jan 29, 2019 1:49 am
Honestly though, ETFs are preferred to mutual funds in taxable.
I disagree.