Search found 4121 matches

by mptfan
Fri Nov 17, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Spending Taxable to Zero during Retirement
Replies: 21
Views: 1651

Re: Spending Taxable to Zero during Retirement

OffGridder wrote:
Fri Nov 17, 2017 4:54 pm
Somehow I seemed to have left the impression that I am spending down my taxable account in isolation from my tax advantage accounts.
I did not form that impression.
by mptfan
Fri Nov 17, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Spending Taxable to Zero during Retirement
Replies: 21
Views: 1651

Re: Spending Taxable to Zero during Retirement

I know the general guideline is to burn down your taxable first and then tap the tax deferred and Roth last. There is no such general guideline. This quote from the article cited above is instructive... For most retirees, the tax efficient liquidation of a retirement portfolio requires coordinating...
by mptfan
Wed Nov 15, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: Do you subscribe to taking risk only on the equity side
Replies: 40
Views: 2169

Re: Do you subscribe to taking risk only on the equity side

GibsonL6s wrote:
Wed Nov 15, 2017 11:27 am
I am curious, as Larry Swedroe and others have said to take your risk on the equity side. It would seem to me that there are legitimate opportunities in preferred stocks .....
That is a false dichotomy... preferred stocks are equity.
by mptfan
Tue Nov 14, 2017 4:04 pm
Forum: Personal Consumer Issues
Topic: Chromebook vs Windows 10?
Replies: 56
Views: 3314

Re: Chromebook vs Windows 10?

I have been using Google drive for more than ten years. Are you sure about that? Google Drive was launched 5 years ago. "Google Drive is a file storage and synchronization service developed by Google. Launched on April 24, 2012, Google Drive allows users to store files in the cloud, synchronize fil...
by mptfan
Mon Nov 13, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: Chromebook vs Windows 10?
Replies: 56
Views: 3314

Re: Chromebook vs Windows 10?

I have two Chromebooks and a Chromebox at home, and I love them. I don't own a Windows computer anymore.
by mptfan
Mon Nov 13, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 62
Views: 4053

Re: Asset allocation for 5% return

This is a type of defined benefit plan account . The account is to be credited with a guaranteed interest rate of 5% for each year in existence . So I am trying to figure out how best to achieve this . What you are trying to achieve is not possible. I do think it's possible to achieve 5% interest o...
by mptfan
Sun Nov 05, 2017 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 44
Views: 4951

Re: Social Security - general question

There is no contradiction. Social security uses two different estimates for future inflation and future wage growth: The table below shows estimated future cost-of-living adjustments (COLAs) and estimated future percentage increases in the national average wage index (AWI). These estimates are deriv...
by mptfan
Sun Nov 05, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 3939

Re: Did I earn an extra hour of interest last night?

nisiprius wrote:
Sun Nov 05, 2017 9:23 am
Nowadays, is UTC used in courts of law for describing the time when events occurred?
No.
by mptfan
Sun Nov 05, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: What to do with Cash right now
Replies: 13
Views: 1014

Re: What to do with Cash right now

While I am not a market timer I am concerned about putting a lot of this money into the market via taxable index funds given where the market is right now (shame on me but I cant help but feel the market is bound to fall significantly in the not too distant future). I think most Bogleheads would ag...
by mptfan
Wed Nov 01, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

stan1 wrote:
Wed Nov 01, 2017 8:01 pm
I'm surprised you and your dad aren't being asked to sign a non-disclosure agreement.
How do you know they were not asked?
by mptfan
Wed Nov 01, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

I am glad it worked out for you. I do wonder if this thread had some impact...after all, Bogleheads.org is one of the most popular personal finance discussion forums on the web, is it not? Perhaps TransAmerica became aware of this thread and they made the right decision to avoid further negative pub...
by mptfan
Wed Nov 01, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9346

Re: I'm fairly young but done with saving money

Assuming 6% annual real growth over the next 15 years seems pretty ambitious given today's valuations and interest rates - I'm not sure you'd find much support for that forecast. The OP assumed 6% growth, but he did not assume real growth. You are right, I assumed he meant real growth (whether he k...
by mptfan
Wed Nov 01, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9346

Re: I'm fairly young but done with saving money

avalpert wrote:
Wed Nov 01, 2017 12:01 am
Assuming 6% annual real growth over the next 15 years seems pretty ambitious given today's valuations and interest rates - I'm not sure you'd find much support for that forecast.
The OP assumed 6% growth, but he did not assume 6% real growth.
by mptfan
Wed Nov 01, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

FINRA is the industry's non-government regulatory organization. They recommend that you ask your brokerage firm: Will you reimburse me if my assets are compromised by a cyber-attack? http://www.finra.org/investors/alerts/cybersecurity-and-your-brokerage-firm Tadamsmar, thanks for posting that, I no...
by mptfan
Tue Oct 31, 2017 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Best to harvest Dividends to meet living expenses
Replies: 23
Views: 2112

Re: Best to harvest Dividends to meet living expenses

What kind of dividends are you getting monthly? Most bond funds pay dividends monthly. errr, ummm... pay interest monthly... The monthly income generated by bond funds (munis and corporate) is described as dividends on the annual 1099 forms. I have a bond fund at Vanguard, and I just looked at my s...
by mptfan
Mon Oct 30, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Best to harvest Dividends to meet living expenses
Replies: 23
Views: 2112

Re: Best to harvest Dividends to meet living expenses

GerryL wrote:
Mon Oct 30, 2017 7:44 pm
What kind of dividends are you getting monthly?
Most bond funds pay dividends monthly.
by mptfan
Mon Oct 30, 2017 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6304

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

I've always wondered about these ACH transfers. When I link my bank account to an entity like Vanguard, Vanguard asks for the bank routing and account numbers. Once set up, I funds can be sent in either direction. But I never explicitly gave my bank the okay to release funds to Vanguard. Can anyone...
by mptfan
Mon Oct 30, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6304

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

If the guy is financially savvy enough to do ACH transfers, you'd think he'd be savvy enough to have (or know how to use) online billpay. He could just set you up as a one-time recipient. Concur with that one. Yes, the ACH routing and account numbers are nothing special. But I would be very leery a...
by mptfan
Mon Oct 30, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6304

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

I think others are advising you not to confirm the AMOUNT of the test deposit, which is often used as a sort of passcode when linking bank accounts for purpose of withdrawal. Right. If he said "I sent $1 just to make sure I am sending it to the right account, did you get it?" I would feel comfortab...
by mptfan
Mon Oct 30, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6304

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

Suppose an untrustworthy individual gets a hold of my routing/account#. What's my liability? Should I be worried? Anyone can order checks online and have them printed with any routing number and account number. So a fraudster could use your information to print checks for your account, and then att...
by mptfan
Mon Oct 30, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6304

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

I have not heard of individuals doing an ACH transfer, but Google tells me that some banks allow this. He emailed to say he sent a "test" $1 transfer, and is asking me to confirm that I see this. Question: Is this a legitimate way for individuals to send money to one another? Is it safe? Anything I...
by mptfan
Sun Oct 29, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

tadamsmar wrote:
Sun Oct 29, 2017 3:01 pm
There are very few cases, and some are a decade old and links are disappearing from the internet.
That's not a coincidence.
by mptfan
Sun Oct 29, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

TransAmerica is looking at ultimately losing their legal case if it gets to that point... You say that as if it is a given, but I'm not so sure. Consider what letsgobobby wrote... The problem is your dad presumably knew or should have known that TA did not require all these additional layers of sec...
by mptfan
Sun Oct 29, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: S&P 500 -- Ten Years Thoughts?
Replies: 45
Views: 5229

Re: S&P 500 -- Ten Years Thoughts?

In the 10 years from 1998 onward, on a $10k investment, the S&P 500 dropped massively and only recovered at the 11th hour, returning a few hundred dollars above investment. You are making a very common mistake...you are looking at a price chart and ignoring dividends, so you are not seeing the tota...
by mptfan
Sun Oct 29, 2017 9:00 am
Forum: Personal Consumer Issues
Topic: Is it difficult to switch from an iPhone to an Android?
Replies: 94
Views: 6700

Re: Is it difficult to switch from an iPhone to an Android?

On the negative side for Android - the smartphone manufacturers that make Android phones don't support their phones as long as Apple does. Google gives only 2 years of Android version changes and up to 3 years of security changes. Google guarantees 3 years of Android version updates for the Pixel 2...
by mptfan
Sun Oct 29, 2017 8:14 am
Forum: Personal Consumer Issues
Topic: Is it difficult to switch from an iPhone to an Android?
Replies: 94
Views: 6700

Re: Is it difficult to switch from an iPhone to an Android?

I promised Mrs. letsgobobby a new phone, including the iPhone X if she wants it. She’s been on apple phones forever and curently has a 6 with battery degradation issues. It seems like the X is a sharp looking device, but many claim the top Android phones offer more for the (same) money. I won’t con...
by mptfan
Sat Oct 28, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

Mudpuppy wrote:
Sat Oct 28, 2017 12:21 pm
Edit: And I understand that you are trying to be the devil's advocate, but it's veering more into beating a dead horse territory now.
Says someone holding the whip.
by mptfan
Sat Oct 28, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

From my research, it appears that many institutions have a higher level of protection than does Transamerica. These higher levels of protection include 1. a higher level of password protection, so that a password is created that cannot be gotten from the internet or stolen records, i.e. the name of...
by mptfan
Sat Oct 28, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

Also, the vast regional differences involved in this scam should have been a red flag if they were running abnormal behavior analytics. The call came from a number in New York (or was masked to appear as such a number since the OP's father originally worked at that number), the bank account was at ...
by mptfan
Fri Oct 27, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Buying SPIA with IRA?
Replies: 2
Views: 308

Buying SPIA with IRA?

Can you purchase an annuity with funds in a traditional IRA? I mean, without having to withdraw the funds all at once and paying taxes on the entire withdrawal?
by mptfan
Fri Oct 27, 2017 4:11 pm
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 9964

Re: Emotional impact of spending down assets?

On a lighter note: My lawyer friend Larry says his goal is to die a million dollars in debt. That way he will have gotten a million more dollars out of life than he put into it. This is flawed logic because if you live a life with debt you are paying interest throughout the years on all that debt, ...
by mptfan
Fri Oct 27, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 8414

Re: Is it ok to have 100% stocks, 15 years+

jjmaddison wrote:
Mon Oct 23, 2017 8:18 am
I plan to retire after 15 years.
Is it ok to have 100% in stocks, or 95% stocks/5% bonds in that case?
It's your money, it's ok for you to do whatever you want with it.
by mptfan
Thu Oct 26, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

But, did TransAmerica do anything blatantly wrong? They transferred funds based on a form that was completed correctly, as far as we know. They even required a notarized signature. They changed an email address based upon accurate information being provided and sent a message to the old email addre...
by mptfan
Thu Oct 26, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft -UPDATE

TravelGeek wrote:
Thu Oct 26, 2017 9:36 pm
I don’t think an email notification should absolve a financial institution from their duty of care regarding safeguarding account access.
I don't think so either.
by mptfan
Thu Oct 26, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft -UPDATE

3. It turns out, contrary to what I had been told before, that my father did in fact have his email address connected to this account prior to when the fraudster changed it. My father had never used email to conduct any business with Transamerica. A few days after the fraudster made their first con...
by mptfan
Wed Oct 25, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

A timely news report regarding how much FINRA has to "worry" about Congress stepping in with new consumer friendly regulations... With Vice President Pence casting the tie-breaking vote, the rollback of the Consumer Financial Protection Bureau rule banning restrictive mandatory arbitration clauses f...
by mptfan
Tue Oct 24, 2017 3:59 pm
Forum: Personal Consumer Issues
Topic: Credit card companies forgiving debt after death?
Replies: 48
Views: 3845

Re: Credit card companies forgiving debt after death?

letsgobobby wrote:
Tue Oct 24, 2017 3:45 pm
Credit card companies will routinely make claims against the estate of the deceased.
Yes, but it is also routine that the deceased does not have an estate, i.e., no probate estate, therefore, nothing against which the credit card companies can make a claim.
by mptfan
Tue Oct 24, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: Credit card companies forgiving debt after death?
Replies: 48
Views: 3845

Re: Credit card companies forgiving debt after death?

In most cases, credit card debt dies with the person, and no one else is responsible, including spouses.

http://www.early-retirement.org/forums/ ... 26181.html
by mptfan
Tue Oct 24, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

Furthermore, in the case like the OP's FINRA actually has a huge inherent incentive to favor the customer in this particular case. Basically if the public perception (based on media reporting of the decision or the like) becomes that even if you take a reasonable degree of prudent precautions (and ...
by mptfan
Mon Oct 23, 2017 2:26 pm
Forum: Investing - Theory, News & General
Topic: Why not just annuitize and be done with it?
Replies: 52
Views: 16580

Re: Why not just annuitize and be done with it?

So why even bother with asset allocation decisions and rebalancing and taxable vs. non-taxable and all of that at retirement? Why not just annuitize your portfolio and be done with it? Because if you get hit by a bus the day after you sign the annuity, all of your money goes poof. And because there...
by mptfan
Mon Oct 23, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

It should also be noted that arbitration is not quite as stacked in favor of the company as you might think... It should be noted that mandatory binding arbitration is very much stacked in favor of the company and against the consumer. "A 2007 Public Citizen report claimed that arbitrators working ...
by mptfan
Sat Oct 21, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

It should also be noted that arbitration is not quite as stacked in favor of the company as you might think... It should be noted that mandatory binding arbitration is very much stacked in favor of the company and against the consumer. "A 2007 Public Citizen report claimed that arbitrators working ...
by mptfan
Thu Oct 19, 2017 10:16 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 12146

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

This is true only if you haven't removed your phone number as an access option. I have posted elsewhere (twice now) a methodology to add Yubikey, authenticator app, and access codes to a gmail account, after which the phone number can be removed. I just completed this process this week on a gmail d...
by mptfan
Thu Oct 19, 2017 6:44 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 12146

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

It's important to set up accounts such that there is never a pull possible from the more secure account by a less secure account. My brokerage accounts are the most secure and the only way for money to get out is to push it from within the brokerage. If somebody breaches one of my bank accounts the...
by mptfan
Thu Oct 19, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 12146

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

You're right in that such a notification doesn't prevent such an attack. But I'm not aware of anything that is guaranteed to do so. I'll take all the measures Ii can to safeguard myself, though, including keeping tabs on the status of my holdings. This is at least better than having to log into the...
by mptfan
Thu Oct 19, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 137
Views: 8972

Re: Anyone planning on getting the new Pixel phone?

PFInterest wrote:
Thu Oct 19, 2017 3:24 pm
WhiteMaxima wrote:
Wed Oct 18, 2017 10:45 am
No. I would get either iPhone or Samsung. Stay with the big name.
ha do you know how big a google is?
Google? Never heard of it. Let me google that name and see what I come up with...
by mptfan
Thu Oct 19, 2017 3:15 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 12146

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

For Fidelity customers, here's another option (that I just discovered yesterday): In the "Alerts" section you can set up a schedule to have Fidelity email you your current balances daily. It becomes trivially easy to keep an eye on your account to make sure nobody has emptied it, and it doesn't eve...
by mptfan
Thu Oct 19, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49363

Re: Retirement Account Stolen by Identity theft

OP: The financial institutions breached their duty to protect your father’s assets when they realeased them to a party who was not your father. You need to have him retain an attorney specializing in banking matters, and have the attorney file a claim for redress. All the other concerns about catch...
by mptfan
Thu Oct 19, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 12146

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

investor997 wrote:
Thu Oct 19, 2017 12:51 pm
Google Voice gives you the option to forward SMS texts and phone calls to your cell phone. I think this may be default behavior. You absolutely, positively want to disable this under account settings.
Good point.