Search found 6129 matches

by mptfan
Sun Sep 27, 2020 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Friend on the verge of financial ruin, how to help?
Replies: 137
Views: 15703

Re: Friend on the verge of financial ruin, how to help?

Has your friend asked for your help or your advice?
by mptfan
Sun Sep 27, 2020 1:37 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4249

Re: How to combine finances with your spouse? Recently married/early30s

mikejuss wrote: Sun Sep 27, 2020 1:26 pm Interesting--so any asset one has up to the point of marriage would not be considered a marital asset in a divorce settlement, so long as the asset is not commingled with the assets of one's partner?
The laws vary by state, but I believe that is generally correct.
by mptfan
Sat Sep 26, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: estate planning attorneys: how to split an inheritance?
Replies: 28
Views: 2330

Re: estate planning attorneys: how to split an inheritance?

galawdawg wrote: Sat Sep 26, 2020 9:05 am ...the question you pose isn't a legal one but one that involves your personal preferences on leaving bequests to your heirs.
Exactly. I say leave 50% to each child regardless of how many children they have.
by mptfan
Fri Sep 25, 2020 5:33 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4249

Re: How to combine finances with your spouse? Recently married/early30s

beachairs wrote: Fri Sep 25, 2020 5:28 pm Is this a serious question? Of course it was miserable! That's not how you treat your partner when they make it clear that is not how they wish to be treated.
You did not say that your mother made it clear that is not how she wished to be treated.
by mptfan
Fri Sep 25, 2020 5:06 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4249

Re: How to combine finances with your spouse? Recently married/early30s

I grew up in a house where my mother had to ask my father for every dollar that she spent (even household groceries) while he did whatever he wanted. It should be a partnership, not dictatorship. Was your mother resentful? You should not dictate how other people choose to live their lives, no matte...
by mptfan
Fri Sep 25, 2020 3:38 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4249

Re: How to combine finances with your spouse? Recently married/early30s

fuddbogle wrote: Fri Sep 25, 2020 3:30 pm Oh, and my wife has a saying, "What's yours is mine and what's mine is mine."
You should say that to your wife.
by mptfan
Fri Sep 25, 2020 2:15 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4249

Re: How to combine finances with your spouse? Recently married/early30s

In many states it is too late to have the spouse waive alimony, that has to be done with a prenup. Given the income disparity, this is probably where you would get shaken down in a divorce. I can't speak for "many states," but in my state the marriage would have to be a long term marriage, i.e. 17 ...
by mptfan
Fri Sep 25, 2020 2:01 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4249

Re: How to combine finances with your spouse? Recently married/early30s

ChiLawyer wrote: Fri Sep 25, 2020 1:55 pmAt its core, neither of us comes from generational-sized wealth
Most people who get pre-nups do not come from "generational-sized wealth."
by mptfan
Fri Sep 25, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 117
Views: 10649

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

I do not expect my cash to generate investment returns, that's not what it's for, I have cash so that I can sleep at night and to cover emergencies or unexpected expenses and sometimes I use it as dry powder to take advantage of really big market drops. I keep at least 3-6 months of expenses in cash...
by mptfan
Thu Sep 24, 2020 7:19 am
Forum: Personal Investments
Topic: How Many Brokerage Companies Are Too Many?
Replies: 45
Views: 2874

Re: How Many Brokerage Companies Are Too Many?

What I don't do--because I hate it and she hates it--but I really should do, is have her test, annually, whether she is able to log in to those accounts. In the case of individual accounts in your name only such as IRAs it would not be appropriate for her to log in to those accounts after you are g...
by mptfan
Wed Sep 23, 2020 2:31 pm
Forum: Personal Consumer Issues
Topic: Smoker next door
Replies: 79
Views: 4465

Re: Smoker next door

Look on the bright side, at least you don't have a clogging problem...

https://www.youtube.com/watch?v=g2Hi7NzFEOI
by mptfan
Wed Sep 23, 2020 12:45 pm
Forum: Personal Consumer Issues
Topic: Smoker next door
Replies: 79
Views: 4465

Re: Smoker next door

stan1 wrote: Wed Sep 23, 2020 12:41 pm So you'd go straight to advising OP to list the condo they just bought for sale?
No.
by mptfan
Wed Sep 23, 2020 12:35 pm
Forum: Personal Consumer Issues
Topic: Smoker next door
Replies: 79
Views: 4465

Re: Smoker next door

stan1 wrote: Wed Sep 23, 2020 11:07 am Why can't you talk to them and ask them to smoke elsewhere?
Lol. Sure, the OP *could* do that, but I don't think it would go over well. A condo resident has the right to smoke on their own patio and I doubt any smoker would see it otherwise.
by mptfan
Wed Sep 23, 2020 12:31 pm
Forum: Personal Consumer Issues
Topic: Smoker next door
Replies: 79
Views: 4465

Re: Smoker next door

mak1277 wrote: Wed Sep 23, 2020 9:30 am Next week's post: "I've been living in this condo happily for the last decade. Now my new neighbors have installed a loud, annoying fan that inhibits my use of my own personal deck. Do I have any recourse?"
LOL. :D
by mptfan
Tue Sep 22, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question regarding wife's inheritance
Replies: 20
Views: 1342

Re: Tax Question regarding wife's inheritance

Dad67op wrote: Tue Sep 22, 2020 2:31 pm Do I need to add the $300k to our income for 2020? :shock:
No.
by mptfan
Tue Sep 22, 2020 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 260
Views: 65945

Re: Regret early retirement/downsizing

If that is the great passion of your life then I hope it works for you. Just would have thought you might have something else you would like to pursue such as music, photography, cycling, hiking, travel or something else. Is there some sort of hierarchy of hobbies based on credibility/importance? I...
by mptfan
Mon Sep 21, 2020 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Hospital bill for deceased parent...received 2 years later.
Replies: 67
Views: 7308

Re: Hospital bill for deceased parent...received 2 years later.

For my insurance if the provider waits over a year to submit a bill to insurance they are out of luck. Insurance won't pay and I don't have to pay either (assuming in network). I don't think the second part of that sentence is accurate, your obligation to pay the medical provider is independent of ...
by mptfan
Mon Sep 21, 2020 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Hospital bill for deceased parent...received 2 years later.
Replies: 67
Views: 7308

Re: Hospital bill for deceased parent...received 2 years later.

Blake7 wrote: Mon Sep 21, 2020 6:49 am
BarbBrooklyn wrote: Mon Sep 21, 2020 6:41 am
Blake7 wrote: Mon Sep 21, 2020 6:31 am Spouses are liable for each other’s debts generally
This NOT true in all states.
Hence the word “generally.” There other situations where the spouse may not be liable as well.
So would it be accurate to say that spouses are not liable for each other's debts generally?
by mptfan
Sun Sep 20, 2020 9:59 am
Forum: Personal Consumer Issues
Topic: Does paying for 1Password Family worth it for a family of 2?
Replies: 46
Views: 3087

Re: Does paying for 1Password Family worth it for a family of 2?

I recommend Keeper. They have a family plan for $75 per year for 5 users.
by mptfan
Sun Sep 20, 2020 9:53 am
Forum: Personal Investments
Topic: How long does it take for your 403b/401k contribution to show up after payday?
Replies: 29
Views: 1309

Re: How long does it take for your 403b/401k contribution to show up after payday?

By law they have 15 days after the months it's deducted from, but instead of reporting them I left (for countless reasons). They have until the 15th business day of the following month. Department of Labor rules require that the employer deposit deferrals to the trust as soon as the employer can; h...
by mptfan
Sat Sep 19, 2020 9:33 am
Forum: Personal Investments
Topic: My sister — should some of her money be invested?
Replies: 19
Views: 1965

Re: My sister — should some of her money be invested?

mkaytn17 wrote: Fri Sep 18, 2020 2:03 pm She looks to me for advice.
When you say she looks to you for advice, what does that mean? Has she asked for your advice?
by mptfan
Sat Sep 19, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1929
Views: 471695

Re: Share your net worth progression

4. Just an average joe with a household income ~200k annually. Average household income would be more like $60k/year. Depends whether you are talking about mean or median. Mean is over $100K. https://fred.stlouisfed.org/series/MAFAINUSA672N Median household income is a more meaningful measure of th...
by mptfan
Thu Sep 17, 2020 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: What one Book to read about personal finance?
Replies: 40
Views: 2525

Re: What one Book to read about personal finance?

mega317 wrote: Thu Sep 17, 2020 10:57 am Also I don’t really believe you can “get someone” to do much of anything unless they already have a seed of wanting it.
+1000
by mptfan
Wed Sep 16, 2020 7:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 80
Views: 7354

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

Samosa22 wrote: Mon Sep 14, 2020 8:40 pm One serious question: Suppose a person frequently uses an iPhone to access financial institutions via their apps, but s/he also uses the same iPhone to visit porn sites through a private browser mode.
Are you asking for a friend? lol
by mptfan
Wed Sep 16, 2020 7:15 am
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13977

Re: Is this guy trying to scam me on a car I'm selling?

The brokerage accounts are at Charles Schwab. The "Bank" is a subsidiary. I doubt anyone would say their brokerage account is at the "Bank". I'm not going to criticize the scammer for getting that wrong since I have read many Bogleheads refer to the Fidelity CMA account as a "bank account," not und...
by mptfan
Tue Sep 15, 2020 7:36 pm
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13977

Re: Is this guy trying to scam me on a car I'm selling?

Yes, this guy is trying to scam you.
by mptfan
Tue Sep 15, 2020 4:03 pm
Forum: Personal Investments
Topic: Where can I park some cash for 6-12 months?
Replies: 7
Views: 667

Re: Where can I park some cash for 6-12 months?

SWSBX. You need to be aware that the NAV can go down at any time, right now it is at 10.39, and you should reasonably expect it to go down to 10 at any time. If you don't accept that, stick with cash.
by mptfan
Tue Sep 15, 2020 3:55 pm
Forum: Personal Investments
Topic: Where can I park some cash for 6-12 months?
Replies: 7
Views: 667

Re: Where can I park some cash for 6-12 months?

A short term bond fund. It's not cash, but it will probably give you a bit more return in exchange for the small risk of NAV fluctuation. If you strictly want to stay in cash you cannot do better than a high yield savings account.
by mptfan
Tue Sep 15, 2020 7:07 am
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3310

Re: [Question regarding password security]

There is another benefit to using a password manager that is often overlooked...it helps to avoid being phished. If you use a password manager to autofill your credentials the password manager will not autofill on a spoofed site so you can be confident that you are on the real site.
by mptfan
Sun Sep 13, 2020 11:10 am
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3310

Re: Security question on one's passwords

atikovi wrote: Sun Sep 13, 2020 11:07 am On most websites aren't passwords stored so that even the owners couldn't retrieve them, which is why if you can't remember it, you have to reset it? They can't just email you the original password.
Nobody knows how "most" websites store passwords.
by mptfan
Sun Sep 13, 2020 9:59 am
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3310

Re: Security question on one's passwords

steve321 wrote: Sun Sep 13, 2020 9:12 am Is it ok to choose a pretty complicated password but the same for all accounts?
No, that is definitely not ok. Use a password manager and make all of your passwords strong and unique, that is especially important for your financial accounts.
by mptfan
Thu Sep 10, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to stop judging how other people spend/invest
Replies: 76
Views: 4957

Re: How to stop judging how other people spend/invest

Impatience wrote: Thu Sep 10, 2020 3:36 pmUnless they’re blowing half their income on lottery tickets let them be.
Even then let them be.
by mptfan
Thu Sep 10, 2020 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to stop judging how other people spend/invest
Replies: 76
Views: 4957

Re: How to stop judging how other people spend/invest

I have struggled with this in the past as well, I had a hard time stopping myself from judging others who were making what I considered to be poor financial decisions. At some point I came to the realization that everyone has the right to spend or manage their money as they see fit as much as I do, ...
by mptfan
Sat Sep 05, 2020 7:46 am
Forum: Investing - Theory, News & General
Topic: Where do you put cash now? Vanguard's Prime Money Market is too low!
Replies: 80
Views: 14075

Re: Where do you put cash now? Vanguard's Prime Money Market is too low!

I tried moving some cash to an online high yield savings account but it did not work for me. Yes, I got a few more dollars in interest on my cash but the downsides outweighed the benefits for me. Here are the downsides as I see them: 1) I have to keep track of another account at another financial pr...
by mptfan
Sat Sep 05, 2020 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Buying a House When You Already Own a Home
Replies: 12
Views: 1084

Re: Suggestions for Buying a House When You Already Own a Home

(9) Save up enough money to pay cash for the second house, then sell the first house at your leisure after moving in to the second house.
by mptfan
Sat Sep 05, 2020 6:59 am
Forum: Personal Consumer Issues
Topic: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?
Replies: 70
Views: 4389

Re: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?

quantAndHold wrote: Thu Sep 03, 2020 2:01 pm Joining a gym or not is irrelevant. I would argue that right now, in COVID times, going to a gym is probably foolhardy.
I would argue the opposite... going to the gym (and regular exercise in general) is beneficial because physical fitness is your best defense against Covid.
by mptfan
Fri Sep 04, 2020 12:47 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28355

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

7eight9 wrote: Thu Sep 03, 2020 4:29 pm Selling or not selling does not determine whether or not an investor has lost money in a stock/ETF/mutual fund etc.
I respectfully disagree, and I think most Bogleheads would disagree.
by mptfan
Thu Sep 03, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: HSA for Spouse
Replies: 19
Views: 567

Re: HSA for Spouse

ginstwin wrote: Thu Sep 03, 2020 4:04 pm As I understand it I can use the current HSA to pay health related costs for either of us ? Is that correct? Thanks
I am not an expert in this area, and I stand to be corrected on this, but I believe that you can use your HSA to pay for medical expenses for you or your spouse.
by mptfan
Thu Sep 03, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: HSA for Spouse
Replies: 19
Views: 567

Re: HSA for Spouse

ChrisC wrote: Thu Sep 03, 2020 4:02 pm I believe she can obtain a family HDHP, which also covers the OP, and she could make family HSA contributions into her own HSA, irrespective of whether the OP is covered by Medicare -- the OP cannot make any contributions into his HSA.
Based on my understanding this is the correct answer.
by mptfan
Thu Sep 03, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: HSA for Spouse
Replies: 19
Views: 567

Re: HSA for Spouse

I'm not married, so maybe this is a gap in my knowledge...is there such a thing as a "joint HSA" for married couples? I always assumed that HSA accounts must be individual accounts, just like IRA accounts must be individual accounts. Maybe I am confused. An individual limit is $3550 (plus $1000 if ...
by mptfan
Thu Sep 03, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: HSA for Spouse
Replies: 19
Views: 567

Re: HSA for Spouse

I'm not married, so maybe this is a gap in my knowledge...is there such a thing as a "joint HSA" for married couples? I always assumed that HSA accounts must be individual accounts, just like IRA accounts must be individual accounts.
by mptfan
Thu Sep 03, 2020 2:04 pm
Forum: Investing - Theory, News & General
Topic: Where is the joy ? How long can this joyless ride last ?
Replies: 66
Views: 6870

Re: Where is the joy ? How long can this joyless ride last ?

burritoLover wrote: Wed Sep 02, 2020 9:13 pmUnless you are not in the market, I'm not sure why you would be complaining about record highs? Would you rather it be record lows?
Those are not the only two options.
by mptfan
Tue Sep 01, 2020 4:29 pm
Forum: Personal Investments
Topic: Husband doesn’t want to follow my investment plan
Replies: 47
Views: 4910

Re: Husband doesn’t want to follow my investment plan

gr7070 wrote: Tue Sep 01, 2020 4:08 pm If he's unwilling to spend that minimal amount of time education himself tell him he's divested himself of the right to vote on these matters.
Lol! I'm sure that will go over well.
by mptfan
Tue Sep 01, 2020 2:42 pm
Forum: Personal Investments
Topic: Husband doesn’t want to follow my investment plan
Replies: 47
Views: 4910

Re: Husband doesn’t want to follow my investment plan

Is this joint money, as opposed to pre-marital investments owned by one of you before the marriage? What type of account is it, a regular savings account? A retirement account? How much money are we talking about? What percentage does it represent of your combined portfolio? When will you need this ...
by mptfan
Mon Aug 31, 2020 2:18 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28355

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

This dude came here asking for help making the case; I think it's weird that the response to him is "butt out" rather than helping him make the case when literally the entire basis of Bogleheads is making the case that the dad's position is unreasonably risky even when it happens to have made money...
by mptfan
Mon Aug 31, 2020 1:16 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28355

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

sjl333 wrote: Mon Aug 31, 2020 1:13 pm Can anybody provide some advice on what I should tell him to convince him otherwise ?
My advice is to mind your own business. Unless he asks for your advice (and it does not sound like he did) you should not offer it.

I wish I had bought Tesla years ago.
by mptfan
Mon Aug 31, 2020 9:11 am
Forum: Personal Investments
Topic: SEC 30 day yield vs Distribution yield
Replies: 44
Views: 2330

Re: SEC 30 day yield vs Distribution yield

The SEC Yield is an indicator of what you may or might receive as a distribution some time in the future.. not necessarily sooner than later either. The present SEC on VWIUX is 1.00%, last month the distribution was 2.39% tax-exempt. Personally, I evaluate on what I'm going to receive for my money,...