Search found 6131 matches

by mptfan
Sun Jul 19, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney? Spouse too Busy.
Replies: 35
Views: 3060

Re: Power of Attorney? Spouse too Busy.

You run into a similar situation after death: do you continue accessing someone's account once they've passed, when obviously it would be convenient to do so. This is an issue even if you have a POA, including a POA authorized on the provider's forms, because your authority to act on someone's beha...
by mptfan
Sun Jul 19, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney? Spouse too Busy.
Replies: 35
Views: 3060

Re: Power of Attorney? Spouse too Busy.

If your wife trusted you enough to sign POAs, why wouldn't she give you her login info for you to manage her finance for her? I'm taking care of both of our finances (with her approval, of course) but we have no POAs. The issue you may run into is there are times when you may have to contact the fi...
by mptfan
Sun Jul 19, 2020 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Mom Has $2K Net Worth at 62 - Want to Help
Replies: 120
Views: 11371

Re: Mom Has $2K Net Worth at 62 - Want to Help

02nz wrote: Sun Jul 19, 2020 10:54 am We can only answer financial questions.
If you go back and read the initial post, you will note that the OP did not ask a financial question. Indeed he or she did not ask any questions.
by mptfan
Sun Jul 19, 2020 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Mom Has $2K Net Worth at 62 - Want to Help
Replies: 120
Views: 11371

Re: Mom Has $2K Net Worth at 62 - Want to Help

willthrill81 wrote: Sun Jul 19, 2020 10:35 am Finances among family members can get very complicated, and there often aren't any good solutions. But a blanket admonition to simply not get involved can be naive.
Recommendations to get involved may be similarly naive.
by mptfan
Sun Jul 19, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney? Spouse too Busy.
Replies: 35
Views: 3060

Re: Power of Attorney? Spouse too Busy.

You can do that. Most financial institutions require their own POA forms, which usually require a notarized signature. Perhaps collect the forms from all the companies plus a general POA and have a date to the notary to sign them all at once. This. Also note that some financial institutions allow d...
by mptfan
Sat Jul 18, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Mom Has $2K Net Worth at 62 - Want to Help
Replies: 120
Views: 11371

Re: Mom Has $2K Net Worth at 62 - Want to Help

rincleo wrote: Fri Jul 17, 2020 3:43 pm Her parents never saved anything and I think she carried this same lifestyle over. If she ends up with $0 in the bank when she dies, she seems fine with that. I don't how I ended up with such a different mindset.
We are all wired differently, and that includes being different than your parents.
by mptfan
Sat Jul 18, 2020 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Mom Has $2K Net Worth at 62 - Want to Help
Replies: 120
Views: 11371

Re: Mom Has $2K Net Worth at 62 - Want to Help

Scooter57 wrote: Thu Jul 16, 2020 3:29 pm Did your mom ask you to take over her finances?

Unless she did, you are way out of line telling her what to do with her house or her money.
I agree.
by mptfan
Tue Jul 14, 2020 4:58 pm
Forum: Investing - Theory, News & General
Topic: The proper use of the term FIRE
Replies: 19
Views: 924

Re: The proper use of the term FIRE

New Providence wrote: Tue Jul 14, 2020 4:43 pm Many people on the board are labelling themselves as FIRE while still employed or looking for a job. As explained in my post, it is contradiction.
I agree, many people claim to be retired while continuing to work. They may be FI, but they are not RE.
by mptfan
Mon Jul 13, 2020 5:08 pm
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 110
Views: 7157

Re: Password vault or generator?

for me, the killer feature of lastpass is emergency access. in the event of my untimely demise, my spouse can request emergency access and after a configurable amount of time of no response, they get access to everything. another nice feature is they have a 2FA app which generates codes which is sy...
by mptfan
Mon Jul 13, 2020 4:57 pm
Forum: Personal Investments
Topic: 100% cash in this unprecidented time?
Replies: 57
Views: 6903

Re: 100% cash in this unprecidented time?

This is not unprecedented. Review this summary of pandemics in the last 100 years provided by the CDC...

https://www.cdc.gov/flu/pandemic-resour ... emics.html
by mptfan
Thu Jul 09, 2020 5:22 pm
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 110
Views: 7157

Re: Password vault or generator?

Gadget wrote: Thu Jul 09, 2020 8:13 am I can't think of any good reasons why a private equity firm would buy Lastpass.
Umm...I can...because it's profitable?
by mptfan
Tue Jul 07, 2020 11:17 pm
Forum: Personal Consumer Issues
Topic: losing ability to ensure good computer hygiene- what to do
Replies: 49
Views: 3863

Re: losing ability to ensure good computer hygiene- what to do

Buy a chrome book, or used laptop and reinstall fresh windows. Only use it for financial transactions. Use 2FA. +1. I agree, except for the part about getting a used laptop with Windows...just buy a Chromebook or a Chromebox and only use it for financial transactions. Use 2FA on your Google account...
by mptfan
Mon Jul 06, 2020 10:31 am
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 110
Views: 7157

Re: Password vault or generator?

So I recently decided to start using a separate password manager other than the password manager built into Chrome which I have been using for a while. I did a lot of research and read and watched a number of reviews, and I tried several password managers using their free version or their free 30 da...
by mptfan
Mon Jul 06, 2020 9:51 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 519
Views: 68375

Re: What lifestyle creep made you happier?

GoldenOne wrote: Mon Jul 06, 2020 9:27 am International travel
I wish. Oh how I wish.
by mptfan
Mon Jun 29, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 17014

Re: What is the best financial decision you ever made?

Our family of three lives very comfortable in a 3/2 home with 1,200 sq. ft. that we own outright. Most of our friends are up sizing houses every few years, getting bigger and bigger houses with bigger and bigger mortgages, property taxes, utilities, maintenance, etc. I really don't know if they wil...
by mptfan
Mon Jun 29, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 17014

Re: What is the best financial decision you ever made?

birnhamwood wrote: Mon Jun 29, 2020 10:56 am Bought the family farm.
How can you post if you're dead?
:wink:
by mptfan
Sun Jun 28, 2020 10:42 am
Forum: Personal Consumer Issues
Topic: Techies provide me best practices
Replies: 38
Views: 3511

Re: Techies provide me best practices

After much research I have come up with four reasons why it may be a good idea to use a separate email only for banking and investing: 1) Avoid being phished. Your primary email account will likely be exposed at some point and linked to your name either in a data breach or just by general usage on s...
by mptfan
Sat Jun 27, 2020 3:01 pm
Forum: Personal Consumer Issues
Topic: Techies provide me best practices
Replies: 38
Views: 3511

Re: Techies provide me best practices

Hockey10 wrote: Sun Feb 17, 2019 5:57 pm I am not a techie, but set up a separate email account to use with your financial accounts only. Don't give this email address to anyone besides the companies where you have a bank or brokerage account.
What is the benefit of doing this? What form of attack are you seeking to prevent?
by mptfan
Sat Jun 27, 2020 10:40 am
Forum: Personal Consumer Issues
Topic: Best secure email to use instead of gmail?
Replies: 93
Views: 16712

Re: Best secure email to use instead of gmail?

I have several GMail accounts. I use Thunderbird on my desktop and have multiple email accounts - several GMail, an old Yahoo account and my Outlook account which is mainly for One Drive and tracking MS licenses for a volunteer group I work with. Do you regularly check all of your email accounts? D...
by mptfan
Sat Jun 27, 2020 9:28 am
Forum: Personal Consumer Issues
Topic: [Cellphone SIM card hijacking - Security concerns and mitigation techniques]
Replies: 254
Views: 34874

Re: Man’s life savings stolen from hijacked cellphone number

Once an attacker knows where you keep assets, it's a matter of social engineering. The attacker's goal is to convince a support rep that they are you and then move your funds under their control. One way of doing this is to take over the account. Say you've been reusing passwords and your password ...
by mptfan
Sat Jun 27, 2020 8:35 am
Forum: Personal Consumer Issues
Topic: Best secure email to use instead of gmail?
Replies: 93
Views: 16712

Re: Best secure email to use instead of gmail?

- Create a new Gmail account (with an email address not obviously associated with you). - Enroll this account in the Google Advanced Protection Program. https://landing.google.com/advancedprotection/ - Using this account register a new Google Voice phone number. - Use this new email address as the ...
by mptfan
Fri Jun 26, 2020 10:00 pm
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 3415

Re: Best Hub Bank

Vanguard requires you to keep your SMS even if you obtain a Yubikey, which means it doesn't add any additional security: the bad guys seek out the weakest link after all. I agree that having SMS as a backup weakens the security of using a physical security key, but it's not true that it doesn't add...
by mptfan
Fri Jun 26, 2020 4:07 pm
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 3415

Re: Best Hub Bank

Ok, here's the list of banks offering two factor authentication . As far as I can tell, the only high yield bank offering the "Hardware token" or "Software token" option is Capital One 360. (Corrections welcome.) I looked at that list and it does not indicate that Capital One 360 offers hardware to...
by mptfan
Thu Jun 25, 2020 4:34 pm
Forum: Personal Investments
Topic: Please comment on AmericanExpress online savings
Replies: 43
Views: 3066

Re: Please comment on AmericanExpress online savings

AMEX makes it easy to access a HY savings account from a credit card account and vice versa --if you happen to already have an AMEX credit card account, of course. I agree, and I do already have an Amex card and that was one of the factors that tipped me over the edge of getting the Amex savings ac...
by mptfan
Thu Jun 25, 2020 12:14 pm
Forum: Personal Investments
Topic: Please comment on AmericanExpress online savings
Replies: 43
Views: 3066

Re: Please comment on AmericanExpress online savings

I decide to stop chasing interest rates in the name of simplicity and consolidated all my savings at my brokerage so I'm basically earning next to nothing now. I understand the struggle between the simplicity of having all savings in one brokerage versus rate-chasing high yield savings accounts, I ...
by mptfan
Wed Jun 24, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Estate question re: bank accounts
Replies: 20
Views: 1704

Re: Estate question re: bank accounts

1) They have separate personal bank accounts at different banks. He did not list her as a beneficiary on it. 2) He had an LLC for his post-retirement part-time practice. For that LLC, he had a business banking account at a different bank. He did not have his wife listed on the LLC nor on the bank a...
by mptfan
Tue Jun 23, 2020 7:04 pm
Forum: Personal Investments
Topic: Please comment on AmericanExpress online savings
Replies: 43
Views: 3066

Re: Please comment on AmericanExpress online savings

I use this account. Have no need to interact with them. They do not support 2-factor authentication if that is important to you. They do to a limited extent, they will email or text you a security code when signing in from an unknown device, and I think you have the option of requiring a code every...
by mptfan
Tue Jun 23, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card that lists running balance online
Replies: 26
Views: 5426

Re: Credit Card that lists running balance online

Perhaps OP is looking for something more like a checking register, where the balance is shown after each individual transaction? Yes, exactly. A running balance is where the balance is updated and shown after each individual transaction to the right of each transaction. I also much prefer it that w...
by mptfan
Mon Jun 22, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Line of credit secured by brokerage account
Replies: 18
Views: 715

Re: Line of credit secured by brokerage account

VoiceOfReason wrote: Mon Jun 22, 2020 1:33 pm At first I was very skeptical but the rates are very competitive. About the same rate of a 30 year fixed mortgage.
Can you be more specific, what are the rates?
by mptfan
Sun Jun 21, 2020 10:32 pm
Forum: Investing - Theory, News & General
Topic: Difference between Bank Savings Account vs. Money Market
Replies: 22
Views: 3875

Re: Difference between Bank Savings Account vs. Money Market

jeffyscott wrote: Sat Jun 20, 2020 9:32 am While it may not be known precisely, there is no question that at this time you will get far more interest from a savings account paying 1.1% than you will from any money market fund.
I agree in this interest rate environment.
by mptfan
Sun Jun 21, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1666
Views: 240768

Re: Fidelity as a one stop shop

bawr, thanks for posting that screenshot, I did not know that information was available on the Fidelity website.
by mptfan
Sat Jun 20, 2020 7:41 am
Forum: Investing - Theory, News & General
Topic: Difference between Bank Savings Account vs. Money Market
Replies: 22
Views: 3875

Re: Difference between Bank Savings Account vs. Money Market

How do I compare the rate of return between a bank savings account and a mutual fund money market fund? Right now, Ally/CapitalOne/AmEx advertise savings account APY at around 1.10% while Vanguard Prime Money Market shows "SEC yield" at 0.22%. Savings accounts at those banks have a much better rate...
by mptfan
Fri Jun 19, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10545

Re: Disappointed in Fidelity 2% Cash Back credit card

Or just use the CMA account as a bank account, which it is. No, it's not, it's a brokerage account. What is the Fidelity® Cash Management Account? The Fidelity® Cash Management Account is a brokerage account that is an alternative for individuals seeking FDIC insurance that is available for your ev...
by mptfan
Thu Jun 18, 2020 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10545

Re: Disappointed in Fidelity 2% Cash Back credit card

This gets mentioned all the time, but the best deal going has got to be BofA. You have to rehome some assets to qualify for the highest return, but it seems worth it. There is no free lunch. I have had bad experiences with BofA in the past, and I am sure others have too, and I think that is why the...
by mptfan
Wed Jun 17, 2020 9:04 pm
Forum: Personal Investments
Topic: USAA to Charles Schwab - not happy
Replies: 43
Views: 3549

Re: USAA to Charles Schwab - not happy

randybobandy wrote: Wed Jun 17, 2020 8:38 pm I am not enjoying Schwab's website. I was hoping I would like it, but will have to look in another direction, likely Fidelity.
That's funny because I have accounts and Schwab and Fidelity and I prefer to the Schwab website.
by mptfan
Tue Jun 16, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Change of Address choices for father w/ cognitive decline
Replies: 28
Views: 1341

Re: Change of Address choices for father w/ cognitive decline

I have a question on the gmail “.” In the email address suggestion - I have a “.” in my gmail address and someone else set up and uses the same address without the period. I have contacted Google and they claim that they are the same email addresses to them, but I periodically get email that is int...
by mptfan
Tue Jun 16, 2020 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Change of Address choices for father w/ cognitive decline
Replies: 28
Views: 1341

Re: Change of Address choices for father w/ cognitive decline

clip651 wrote: Tue Jun 16, 2020 9:51 am
mptfan wrote: Mon Jun 15, 2020 3:53 pm I am not sure if Vanguard allows P.O. Box addresses.
They do, we have statements sent to our PO Box. I believe they also require a residence address on file.
I see. So would it be accurate to say that Vanguard does not allow P.O. Box addresses as a primary address or as the only address?
by mptfan
Tue Jun 16, 2020 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Change of Address choices for father w/ cognitive decline
Replies: 28
Views: 1341

Re: Change of Address choices for father w/ cognitive decline

dukeblue219 wrote: Mon Jun 15, 2020 8:10 pm You can do "firstnamelast+vanguard@gmail.com" or "firstnamelast+bogle@gmail.com" and they'll all come to you. Then you can filter on the "+whatever" to sort or filter not only by source but by how they got your address.
Yes, but some sites do not allow emails with "+".
by mptfan
Mon Jun 15, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Change of Address choices for father w/ cognitive decline
Replies: 28
Views: 1341

Re: Change of Address choices for father w/ cognitive decline

Here is a little known trick you can use if you have Gmail and you want to keep track of email for more than one person but you don't want to create another email address. Let's say your Gmail address is firstnamelast@gmail.com. You can set up email for your parent's account as firstname.last@gmail....
by mptfan
Mon Jun 15, 2020 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11808

Re: Prenup? What Should It Say?

My mother was a CFP, and she said that for many second marriages, each person keeps their own checking and retirement accounts separately... There is no choice but to keep retirement accounts separate, no matter if it is your first or second marriage, there is no such thing as a "joint" retirement ...
by mptfan
Mon Jun 15, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Change of Address choices for father w/ cognitive decline
Replies: 28
Views: 1341

Re: Change of Address choices for father w/ cognitive decline

I am not sure if Vanguard allows P.O. Box addresses.
by mptfan
Mon Jun 15, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11808

Re: Prenup? What Should It Say?

It's different when you got married quite young, and all the assets are shared. In OP's situation, it's already obvious that he considers his 401k from before the marriage to be his exclusively. I understand that. But I still think it's common for one spouse to handle the money, even in a situation...
by mptfan
Mon Jun 15, 2020 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11808

Re: Prenup? What Should It Say?

I would also encourage him not to share the online password for his $1 million retirement account. I went out on one date with a man who married a second time later in life, and his new wife cleaned out one of his accounts completely, to an account in another state. He never recovered the money. He...
by mptfan
Mon Jun 15, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11808

Re: Prenup? What Should It Say?

TomatoTomahto wrote: Mon Jun 15, 2020 2:03 pmI often remark that sexism is the only remaining ism permissible in otherwise polite company.
I agree. I often hear "happy wife, happy life," but if I suggest "happy husband, happy life" some people get offended.
by mptfan
Mon Jun 15, 2020 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11808

Re: Prenup? What Should It Say?

sls239 wrote: Sun Jun 14, 2020 8:53 pm Most pre-nups that are upheld are of short duration 5-7 years and phase out over that period.
What is your source for that statement?
by mptfan
Sun Jun 14, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11808

Re: Prenup? What Should It Say?

For the "old" assets, never contribute to those accounts again - you want no allegations of marital income going to those accounts. I think this is generally good advice, but what if you have an employer sponsored retirement plan, such as a 401k or SIMPLE IRA, and you and your employer continue to ...
by mptfan
Sun Jun 14, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11808

Re: Prenup? What Should It Say?

oldfort wrote: Sun Jun 14, 2020 3:03 pm And there are about 8 driver deaths per every 100,000 licensed drivers in the US each year. If childbirth is putting your life on the line, so is the husband when he drives to work everyday.
Exactly.
by mptfan
Wed Jun 10, 2020 7:26 am
Forum: Personal Consumer Issues
Topic: What happens to all my digitized photos when I die?
Replies: 68
Views: 5513

Re: What happens to all my digitized photos when I die?

I have solved this issue by using Google inactive account manager. I have set it up to give access to my account, to my family, after my account has been inactive for two months. I think the shortest amount of time you can select is three months of inactivity before others can have access to your a...
by mptfan
Wed Jun 10, 2020 7:24 am
Forum: Personal Consumer Issues
Topic: What happens to all my digitized photos when I die?
Replies: 68
Views: 5513

Re: What happens to all my digitized photos when I die?

Momus wrote: Wed Jun 10, 2020 12:06 am After 3-4 generations, no one really cares about us.
That's true. Think about it...would you really be interested in storing and sorting through thousands of digital photos of your great grandparents? Perhaps some will say yes, but I suspect most would say no.
by mptfan
Tue Jun 09, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I give a loan to my buddy to buy a boat?
Replies: 81
Views: 4863

Re: Can I give a loan to my buddy to buy a boat?

The answer to your question is yes, you can give a loan to your buddy to buy a boat.