Search found 4610 matches

by mptfan
Wed Oct 17, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: Would you ever buy a lottery ticket?
Replies: 32
Views: 1172

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: 6522

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: 5029

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: 2722

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: 17759

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: 884

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: 1219

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: 884

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: 2709

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: 22468

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: 3708

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: 3708

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: 6455

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: 22468

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: 1536

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: 5502

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: 12628

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: 2023

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: 5502

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: 6226

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: 6226

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: 6226

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: 6226

[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: 3422

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: 11823

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: 5502

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: 5502

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: 5502

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: 17226

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: 6697

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: 620
Views: 75968

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: 5943

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: 5943

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...
by mptfan
Thu Sep 27, 2018 8:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 177
Views: 22468

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

On the same page about security code (after you log in), you will see an option for a security key. I watched a VG webinar about a month ago and the webinar presenter said that one can purchase such a key for IIRC under $20 and have it activated. This hardware will allow you secured access without ...
by mptfan
Thu Sep 27, 2018 7:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 177
Views: 22468

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

HueyLD wrote:
Thu Sep 27, 2018 11:28 am
Alternatively, you can buy a security key at a small cost that will allow you access to your account from anywhere.
Can you elaborate on this?
by mptfan
Tue Sep 25, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Ripped off by a locksmith
Replies: 75
Views: 5717

Re: Ripped off by a locksmith

Thegame14 wrote:
Tue Sep 25, 2018 1:04 pm
I assume by difficultly level he meant, the more difficult it is, the more time the tech has to spent then the price is higher, ie if he is there for 5 minutes it is $100, if he is there for an hour $150.
You shouldn't assume.
by mptfan
Tue Sep 25, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Ripped off by a locksmith
Replies: 75
Views: 5717

Re: Ripped off by a locksmith

gotester2000 wrote:
Tue Sep 25, 2018 10:04 am
Just because it was a 30 second job does it mean it was easy? Thats a ridiculous conclusion.
I agree. My grandfather worked with his hands, and he once told me "People don't pay me to turn the screw, people pay me to know exactly which screw to turn."
by mptfan
Mon Sep 24, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Ripped off by a locksmith
Replies: 75
Views: 5717

Re: Ripped off by a locksmith

abner kravitz wrote:
Mon Sep 24, 2018 1:57 pm
I used to have an electronic lock with keypad on my vacation home, for hassle-free renter and guest access. I don't have a vacation home anymore, but I got an electronic lock for my regular home. I wouldn't do without one now.
Can you recommend one?
by mptfan
Thu Sep 20, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8728

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: 139
Views: 8728

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: 4811

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: 4094

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: 4094

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: 4094

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: 4811

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: 10307

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: 115
Views: 9376

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: 1043

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: 10307

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.