Search found 6182 matches

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: 4879

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.
by mptfan
Tue Jun 09, 2020 9:14 am
Forum: Personal Consumer Issues
Topic: What happens to all my digitized photos when I die?
Replies: 68
Views: 5519

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

I'm just not that confident that digital data can be passed on through six generations like those photos. I agree, I don't think digital data will be passed down the generations as easily as physical photos. But how many physical photos are really passed down? Isn't it usually just a few treasured ...
by mptfan
Tue Jun 09, 2020 8:55 am
Forum: Personal Consumer Issues
Topic: What happens to all my digitized photos when I die?
Replies: 68
Views: 5519

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

rkhusky wrote: Tue Jun 09, 2020 8:06 am You can specify details in your will.
Yes, but what if your heirs cannot access the photos or they do not know where they are stored or they do not know the username or password?
by mptfan
Sun Jun 07, 2020 10:18 am
Forum: Personal Investments
Topic: Investments for Medium Term Liquidity
Replies: 8
Views: 477

Re: Investments for Medium Term Liquidity

NYCaviator wrote: Sat Jun 06, 2020 9:24 am I am looking for advice on medium term investments (10-15 years) that can be held in a taxable account.
If you consider 15 years to be medium term, what do you consider long term? Is 9 years short term?
:shock:
by mptfan
Sun Jun 07, 2020 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Money by Yodlee
Replies: 8
Views: 689

Re: Money by Yodlee

I do not feel comfortable giving access to my financial accounts to an aggregator.
by mptfan
Sun Jun 07, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep my $1 million life insurance policy after age 65?
Replies: 65
Views: 5152

Re: Should I keep my $1 million life insurance policy after age 65?

Lazareth wrote: Sat Jun 06, 2020 8:52 pmNow the 20 year term is up, I have the option of keeping the policy but the premium will quadruple from $1,600 per year to $6,000. Do I keep it?
No.
by mptfan
Sat Jun 06, 2020 8:52 am
Forum: Investing - Theory, News & General
Topic: If SS covers expenses why invest?
Replies: 89
Views: 10187

Re: If SS covers expenses why invest?

I have several responses. 1) You can retire early at 55 or 60, not just 50. 2) Some people determine that it is in their best interest to defer taking social security until their Full Retirement Age (FRA) which is usually 66 or 67, and others determine that it's best to defer taking social security ...
by mptfan
Sat Jun 06, 2020 8:48 am
Forum: Personal Finance (Not Investing)
Topic: How to remind my wife to ask her father for 6.5k that they owe?
Replies: 18
Views: 2366

Re: How to remind my wife to ask her father for 6.5k that they owe?

wander wrote: Sat Jun 06, 2020 6:08 amHappy wife, happy life.
If it bothers you, talk to your wife about it, you will feel better. Happy husband, happy life.
by mptfan
Sat Jun 06, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: How to remind my wife to ask her father for 6.5k that they owe?
Replies: 18
Views: 2366

Re: How to remind my wife to ask her father for 6.5k that they owe?

Cyanide123 wrote: Sat Jun 06, 2020 2:25 am...i paid it mostly as a convenience for her family as it's harder to move money from Pakistan to pay tuition here.
Did they ask you to do this?
by mptfan
Wed Jun 03, 2020 7:39 am
Forum: Investing - Theory, News & General
Topic: Is there a computer program for making a spending report?
Replies: 13
Views: 829

Re: Is there a computer program for making a spending report?

diyinvestor wrote: Tue Jun 02, 2020 7:57 am Can anyone recommend a computer program for making manual entries to create a spending report?
I recommend Google Sheets, that's what I use.
by mptfan
Tue Jun 02, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 141
Views: 15777

Re: Chase reducing credit card limits

?? interest is charged on outstanding balance - if you paid in full what outstanding/unpaid balance you have? there is no exception, just something multiplied by zero is always zero.. This is not correct. You do not pay interest on "outstanding/unpaid balance," you pay interest on the &qu...
by mptfan
Tue Jun 02, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 141
Views: 15777

Re: Chase reducing credit card limits

Interesting. This is very refreshing for full-payers. Any idea why they make an exception for accounts always paid in full? An exception to what? The rules are what they are... If you pay the full statement balance before the due date, you don't pay interest. If you pay less than the full statement...
by mptfan
Tue Jun 02, 2020 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 141
Views: 15777

Re: Chase reducing credit card limits

What would happen if it is added? Those who play the game of paying statement balance - $1 get the highest score (with minimum interest payment). That's not how credit card interest works. If you paid the statement balance minus $1 on a card that you regularly use, you would pay interest on much mo...
by mptfan
Mon Jun 01, 2020 7:39 am
Forum: Personal Investments
Topic: How to approach a friend: a first time investor bought a single stock
Replies: 43
Views: 3178

Re: How to approach a friend: a first time investor bought a single stock

How should I approach him and what do I say to him? What information should I provide so he is aware of the risk he is taking? You should not approach him and you should not provide any more unsolicited information. You have already given some advice in response to him asking for advice, and that's...
by mptfan
Sun May 31, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 141
Views: 15777

Re: Chase reducing credit card limits

Paying off your bills in full every month should automatically give you the highest rating IMHO, but I guess that's not how they see it. The credit agencies do not know that you pay your bills in full every month so even if they wanted to give you a high credit rating because of that there is no wa...
by mptfan
Sun May 31, 2020 7:56 am
Forum: Personal Investments
Topic: How do you keep track your investments?
Replies: 50
Views: 3754

Re: How do you keep track your investments?

I created my own spreadsheet using Google Sheets. There is no way I am going to give the keys to my investment kingdom to an aggregator. No way, no how. I worked and saved and invested for many years to build up my investment portfolio and I don't understand why someone would hand over the username ...
by mptfan
Sun May 31, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 141
Views: 15777

Re: Chase reducing credit card limits

Paying off your bills in full every month should automatically give you the highest rating IMHO, but I guess that's not how they see it. The credit agencies do not know that you pay your bills in full every month so even if they wanted to give you a high credit rating because of that there is no wa...
by mptfan
Wed May 27, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 9045

Re: Investors: be aware of weakness in 2FA + strengthening

1) 1st step is to secure Google Account. For this, I am taking following steps: --Chang Google password it to a complex password randomly generated from password application (I use 1Password). --Remove ALL google account recovery options. --Print Backup codes and saved it in 1Password as well as a ...
by mptfan
Wed May 27, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 10751

Re: Simple jobs during FATFire?

sailaway wrote: Wed May 27, 2020 10:16 am What about folks who retire from the military to a civilian career?
What about them? They may be "retired from the military" but they are not "retired" if they are working for money.
by mptfan
Wed May 27, 2020 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 10751

Re: Simple jobs during FATFire?

If you are working part time for money you are not retired. Clearly you aren't up with the new trends. The 60 somethings around here dream of retirement jobs simply because they don't know how to be engaged without getting paid. "He is going to retire as soon as he figures out his retirement j...
by mptfan
Wed May 27, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 9045

Re: Investors: be aware of weakness in 2FA + strengthening

There are a few things I have not seen mentioned: 1) If using U2F keys (e.g. Yubikey or something like it), you really should have more than one and disable other forms of 2FA. For example, we have four - one for me, one for my spouse, one backup in the house, and one off-site backup at the bank. A...
by mptfan
Wed May 27, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 10751

Re: Simple jobs during FATFire?

If you are working part time for money you are not retired, so you would not be any version of FIRE.
by mptfan
Sat May 23, 2020 7:22 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 64967

Re: So bottom is probably behind us....right?

Where are all the people that sold in March because this time was different and we were heading for the biggest crash of all time? I don't recall lots of people saying in March that we were heading for the biggest crash of all time. Really? That seemed like half the posts on this forum back then. B...
by mptfan
Thu May 21, 2020 11:28 am
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3768

Re: Do you dislike recurring billing for gyms?

Yes, you have discovered one of the often overlooked but problematic business practices of some gyms (and newspapers, magazines, alarm companies, "product of the month" clubs and others that rely on subscription models) to require you provide them a mechanism to automatically take funds f...
by mptfan
Thu May 21, 2020 10:08 am
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3768

Re: Do you dislike recurring billing for gyms?

Why single out gyms? Because they have a bad reputation for taking advantage of people with recurring charges and unfair terms that make it difficult to cancel those recurring charges like requiring the notice to be given in writing to the gym at least 60 days in advance (you can't do it online) an...
by mptfan
Thu May 21, 2020 10:06 am
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3768

Re: Do you dislike recurring billing for gyms?

There's no way I'm letting some company have access to my checking or savings account, but even recurring billing to my credit card bothers me. I'm always concerned that they'll keep billing even after I've terminated membership, and then if I contest the charges, they'll claim that I didn't follow...
by mptfan
Thu May 21, 2020 9:26 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 4271

Re: Dual citizen, USA passport expiring, how to travel internationally

Next, we’ll talk about the fact that the cited law doesn’t even require a US citizen to present the US passport at entry to the US. That is true, but it does make in unlawful to enter or attempt to enter the U.S. without bearing a U.S. passport. I should also note there is a list of exceptions in t...
by mptfan
Thu May 21, 2020 8:27 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 4271

Re: Dual citizen, USA passport expiring, how to travel internationally

Good grief. What is all this "debate" about? The debate is in response to the assertion that it is illegal for a U.S. citizen to depart the U.S. without presenting a U.S. passport to the ticket agent. And the further assertion that any suggestion to do otherwise was illegal and therefore ...
by mptfan
Thu May 21, 2020 8:01 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 4271

Re: Dual citizen, USA passport expiring, how to travel internationally

U.S. nationals, including dual nationals, must use a U.S. passport to enter and leave the United States. https://travel.state.gov/content/travel/en/legal/travel-legal-considerations/Advice-about-Possible-Loss-of-US-Nationality-Dual-Nationality/Dual-Nationality.html That is a reference to advice pub...
by mptfan
Wed May 20, 2020 2:47 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 23867

Re: [On-going Scams - Post them here]

Caduceus wrote: Wed May 20, 2020 2:05 pmIt was very friendly at first, but eventually she threatened to release the videos to pornsites and to his contacts if he didn't send the money.
How would she know his contacts?
by mptfan
Wed May 20, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 23867

Re: [On-going Scams - Post them here]

He also sent a short message stating that he was disappointed his trust had been betrayed because he had genuinely been interested in her, but that he did not do anything wrong and that it was she who needed to be ashamed of her actions. He does not know that the person was a "her." It co...
by mptfan
Wed May 20, 2020 2:35 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 4271

Re: Dual citizen, USA passport expiring, how to travel internationally

Slowtraveler wrote: Wed May 20, 2020 10:23 amUse your US passport just to pass entrance and exit immigration in USA. Otherwise, use the other.
What is "exit immigration in USA?" Exit immigration sounds like an oxymoron, and you don't go through U.S. immigration when leaving the U.S..
by mptfan
Wed May 20, 2020 2:28 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 23867

Re: [On-going Scams - Post them here]

Caduceus wrote: Wed May 20, 2020 2:05 pmIt was very friendly at first, but eventually she threatened to release the videos to pornsites and to his contacts if he didn't send the money.
Did he send money?
by mptfan
Wed May 20, 2020 2:27 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 23867

Re: [On-going Scams - Post them here]

cheese_breath wrote: Wed May 20, 2020 2:24 pm Your friend was lucky it was sextortion, and not a police woman trying to ferret out online perverts.
The police do not try to ferret out online perverts because online perversion is not a crime.
by mptfan
Wed May 20, 2020 1:26 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 4271

Re: Dual citizen, USA passport expiring, how to travel internationally

I am a dual national myself, and I would never attempt to leave the country with the US passport in my pocket, while presenting different passport to the ticket agent. Why do that? Just to see if I can? And if I can, then hope the entire time abroad that there will be no negative consequences upon ...
by mptfan
Wed May 20, 2020 10:54 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 4271

Re: Dual citizen, USA passport expiring, how to travel internationally

The law that you are unaware of and doubt it even exists, has already been cited by another poster upthread. Here it is again, word for word: 8 U.S. Code § 1185.Travel control of citizens and aliens (b)Citizens Except as otherwise provided by the President and subject to such limitations and except...
by mptfan
Wed May 20, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 64967

Re: So bottom is probably behind us....right?

Where are all the people that sold in March because this time was different and we were heading for the biggest crash of all time? I don't recall lots of people saying in March that we were heading for the biggest crash of all time. Really? That seemed like half the posts on this forum back then. B...
by mptfan
Tue May 19, 2020 3:01 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 4271

Re: Dual citizen, USA passport expiring, how to travel internationally

I don't know the answer to that, mostly because I never tried. The rules are very clear though. Just thinking through the process, I don't know how you would leave the country to begin with. The agent will ask for US passport, and you will say I don't have it, but here is an alternative "SA&qu...
by mptfan
Tue May 19, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4970

Re: How did you determine your target savings rate?

ship_at_sea wrote: Mon May 18, 2020 5:53 pm
JD2775 wrote: Mon May 18, 2020 5:48 pm Not really related I guess, but how are you contributing 7k a year to your HSA account as a single person?
Our kids are covered by my HDHP, so even though I'm single, it's still a family plan and the family limit applies.
+1 Single people can have families.
by mptfan
Tue May 19, 2020 6:08 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 64967

Re: So bottom is probably behind us....right?

Stef wrote: Mon May 18, 2020 10:42 am Where are all the people that sold in March because this time was different and we were heading for the biggest crash of all time?
I don't recall lots of people saying in March that we were heading for the biggest crash of all time.
by mptfan
Fri May 15, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: close my amex blue preferred?
Replies: 16
Views: 1274

Re: close my amex blue preferred?

Close it.
by mptfan
Fri May 15, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5700

Re: Discarding old tax returns

Was recently second-guessing myself for shredding the box containing tax returns and supporting documents from 2000... after I realized that it contained home repair documentation that would increase my home's cost basis if I should sell. I'm sure you already know this, but for those who don't... y...
by mptfan
Thu May 14, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Husband Died and Spouse lack of knowledge.
Replies: 37
Views: 6259

Re: Husband Died and Spouse lack of knowledge.

I wouldn’t be surprised if the husband was trying to hide something from her. Huh? Why do you say that? She doesn’t know of their assets? She doesn’t even know if her husband’s business had partners? He never talked about his partners or employees or assets with her or showed her their tax return? ...
by mptfan
Thu May 14, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Husband Died and Spouse lack of knowledge.
Replies: 37
Views: 6259

Re: Husband Died and Spouse lack of knowledge.

celia wrote: Thu May 14, 2020 12:33 am I wouldn’t be surprised if the husband was trying to hide something from her.
Huh? Why do you say that?
by mptfan
Wed May 13, 2020 4:07 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 240
Views: 12390

Re: Dentist charges $10 for PPE

mouses wrote: Wed May 13, 2020 1:44 pmThis is like another thread where someone was complaining that Amazon was not delivering as promptly as it used to. Do you people read the newspapers?
What is a newspaper?
by mptfan
Tue May 12, 2020 6:59 am
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4383

Re: What age do you use for retirement end date?

By the time I'm that age it will be the 2090s and I'm sure medical science will have answers to most present day conditions that cause premature death including cancer, heart disease, Alzheimer's, etc. Dying before 120 will probably be considered an untimely and unlucky death. And that's even if we...
by mptfan
Mon May 11, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4383

Re: What age do you use for retirement end date?

When looking at average lifespan, you want to look for something like, “What’s the average lifespan for someone who’s reached 50 years of age?” That eliminates from the average all those who died young. Then you decide if you are healthier than the average person or not, and whether your genetics a...
by mptfan
Mon May 11, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4383

Re: What age do you use for retirement end date?

As a safety precaution, better to aim on the high side vs use some statistical average or "what age you did your parents die" approach and maybe run out of money. Yes, but at the same time you should not oversave and deprive yourself when you are young and mentally and physically active f...
by mptfan
Mon May 11, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4383

Re: What age do you use for retirement end date?

Even if I live to age 82, I probably won't be mentally there. That's a pessimistic view. You may be right, but I hope that's not true for me. I do accept your point though that as you age beyond a certain point, say 80, whether you are mentally there or not you generally spend less than when you we...
by mptfan
Sun May 10, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 64967

Re: So bottom is probably behind us....right?

Faisal wrote: Sun May 10, 2020 8:25 am We are gonna hit bottom in the winter. The way the virus is playing out and too many countries are opening up too quickly its gonna get worse economically and socially before it gets better.
It amuses me how many people have become instant virologists and claim to know the future.