Search found 4732 matches

by mptfan
Mon Nov 26, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard now supports Yubikey 5 and 5C
Replies: 16
Views: 1961

Re: Vanguard now supports Yubikey 5 and 5C

The security key option is pointless since you can not select this as the only log in option. I agree that having an SMS backup option greatly reduces the security of using a security key, and I wish I could disable that option, but I would not go so far as to say that makes the security key pointl...
by mptfan
Sun Nov 25, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting accounts as a beneficiary - potential issues and practical tips?
Replies: 32
Views: 2176

Re: Inheriting accounts as a beneficiary - potential issues and practical tips?

Who files the tax returns? What if one beneficiary doesn't want to contribute to the payment of the debts, taxes and expenses. How do the assets make their way to trusts under the Will for the beneficiaries? Are you referring to the estate tax return or the income tax return? I think the current fe...
by mptfan
Sun Nov 25, 2018 3:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard now supports Yubikey 5 and 5C
Replies: 16
Views: 1961

Re: Vanguard now supports Yubikey 5 and 5C

Yes, there are no changes to that. I would prefer setting up a mode where SMS code login is disabled entirely, but that is still not possible. As I've said before, I give Vanguard credit for enabling security keys as an option for two factor authentication, it is a move in the right direction of ma...
by mptfan
Sun Nov 25, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting accounts as a beneficiary - potential issues and practical tips?
Replies: 32
Views: 2176

Re: Inheriting accounts as a beneficiary - potential issues and practical tips?

It's usually better not to designate beneficiaries except for life insurance and retirement benefits. Designating beneficiaries for everything will make it more difficult for your final income tax returns to be filed and the taxes paid, for someone to advance the money for your funeral and be reimb...
by mptfan
Sat Nov 24, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting accounts as a beneficiary - potential issues and practical tips?
Replies: 32
Views: 2176

Re: Inheriting accounts as a beneficiary - potential issues and practical tips?

Kenkat wrote:
Sat Nov 24, 2018 4:37 pm
Hope this was helpful.
It was helpful, thanks.
by mptfan
Sat Nov 24, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting accounts as a beneficiary - potential issues and practical tips?
Replies: 32
Views: 2176

Inheriting accounts as a beneficiary - potential issues and practical tips?

I know that most financial institutions allow you to designate beneficiaries to pass ownership of your accounts upon death. Although I am generally familiar with the concept, I have not gone through the process myself, and although I don't expect to pass to the great beyond for many years to come, b...
by mptfan
Fri Nov 23, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 762
Views: 78636

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

AlphaLess wrote:
Wed Aug 01, 2018 8:54 pm
But Fidelity first needs to learn how to track the index well...
What index are you referring to? Fidelity made up their own index, so I assume they will be able to track it well.
by mptfan
Wed Nov 21, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 657
Views: 46429

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I think most of the big HSA vendors are probably in panic mode now that Fidelity is offering free HSA accounts.
by mptfan
Wed Nov 21, 2018 11:29 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 657
Views: 46429

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

What process did you go through with Fidelity to initiate the transfer? I opened a new HSA account online through the Fidelity website. Then I followed the procedure to initiate a transfer of assets (they call it a TOA) online, it autopopulated some of my information on a pdf form and I entered oth...
by mptfan
Wed Nov 21, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 657
Views: 46429

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I am transferring my HSA from Health Savings Administrators to Fidelity. I spoke to a rep at Health Savings Administrators yesterday and she said that when they get the transfer request from Fidelity, they will liquidate my investments to cash and transfer the cash to Fidelity. Fee amount? Removed ...
by mptfan
Wed Nov 21, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 657
Views: 46429

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I am transferring my HSA from Health Savings Administrators to Fidelity. I spoke to a rep at Health Savings Administrators yesterday and she said that when they get the transfer request from Fidelity, they will liquidate my investments to cash and transfer the cash to Fidelity. In a separate convers...
by mptfan
Tue Nov 20, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: How long does an ACH transfer to checking usually take?
Replies: 21
Views: 671

Re: How long does an ACH transfer to checking usually take?

In my experience, ACH transfers usually take 2 business days. I have read that NACHA is working on same day ACH transactions to be implemented by the end of 2020... Currently, most ACH payments are settled on the next business day. There are many uses of ACH payments, however, for which businesses a...
by mptfan
Tue Nov 20, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 58
Views: 17281

Re: Review after one month with Fidelity Cash Management

I'm a Fido fan as well, but don't use the CMA because, well, Fidelity isn't a bank. They are a brokerage offering banking services. The CMA is fundamentally a brokerage account and will have the rules around funds availability etc. of a brokerage and not a bank. +1 Call me old fashioned, but I want...
by mptfan
Mon Nov 19, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: How to share sensitive text & image between computer and phone?
Replies: 21
Views: 1530

Re: How to share sensitive text & image between computer and phone?

quantAndHold wrote:
Mon Nov 19, 2018 1:33 pm
I just use google drive.
+1
by mptfan
Sun Nov 18, 2018 3:46 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 657
Views: 46429

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

And if I am interpreting this rule incorrectly, would love to hear a different opinion. I think you are interpreting the rule incorrectly. If you incur medical expenses after opening an HSA account, then it does not matter when the account was closed, the expense was still incurred after opening th...
by mptfan
Sun Nov 18, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: Interview with Fidelity's Abigail Johnson
Replies: 28
Views: 3571

Re: Interview with Fidelity's Abigail Johnson

arcticpineapplecorp. wrote:
Sun Nov 18, 2018 12:40 pm
But low cost tends to win.
I agree. The issue I had was with this statement:

"...we all know that active must by definition underperform over time relative to indexing..."
by mptfan
Sun Nov 18, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: parents buying home for sibling
Replies: 44
Views: 5716

Re: parents buying home for sibling

My parents told me a couple of years ago that they were giving my sibling a large sum for the same reason. They asked me if it was ok with me, and I told them it was their money, and they can do with it whatever they want. It's true that it is their money and they can do with it what they want, but...
by mptfan
Sun Nov 18, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: Men's crew neck t-shirts
Replies: 47
Views: 3706

Re: Men's crew neck t-shirts

Hanes Tagless ComfortSoft undershirts. If you are tall like me I recommend the tall man version, the standard size is too short for me, they don't stay tucked in.
by mptfan
Sun Nov 18, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 657
Views: 46429

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Quickblue02 wrote:
Sun Nov 18, 2018 10:03 am
I just added an individual HSA accont in Fidelity's website. I also completed my HSA PDF transfer form to move my existing HSA funds from HSA Bank to Fidelity and mailed into Fidelity. Thanks for all you help.
Where did you find the HSA PDF transfer form?
by mptfan
Sun Nov 18, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Interview with Fidelity's Abigail Johnson
Replies: 28
Views: 3571

Re: Interview with Fidelity's Abigail Johnson

I'll await some examples where you can show an active fund is cheaper than a similar index fund. I was mistaken about that particular Fidelity fund being an index fund, but my point remains, and here are several index funds that are more expensive than a comparable actively managed fund... T. Rowe ...
by mptfan
Sun Nov 18, 2018 8:16 am
Forum: Investing - Theory, News & General
Topic: Interview with Fidelity's Abigail Johnson
Replies: 28
Views: 3571

Re: Interview with Fidelity's Abigail Johnson

1. even though they're pushing index funds (and free ones at that, with no minimums) and they promote themselves as the #2 biggest index provider in the article, they still believe in active management as their "core value proposition", when we all know that active must by definition underperform o...
by mptfan
Wed Nov 14, 2018 12:31 am
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash in online account with no local branch
Replies: 45
Views: 4719

Re: How to deposit cash in online account with no local branch

Mike Scott wrote:
Tue Nov 13, 2018 10:07 am
What is the barrier to walking into a local bank or credit union and opening a free account?
Keeping track of yet another account.
by mptfan
Tue Nov 13, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Question
Replies: 8
Views: 979

Re: Social Security Question

No, your friend is not right. Also, delayed retirement credits only apply if you delay receiving social security benefits beyond your full retirement age (FRA), they don't start at 62.

https://www.ssa.gov/planners/retire/delayret.html
by mptfan
Sat Nov 10, 2018 9:59 am
Forum: Personal Consumer Issues
Topic: Should I reject Google drive for privacy/tracking?
Replies: 38
Views: 3104

Re: Should I reject Google drive for privacy/tracking?

Mingus wrote:
Fri Nov 09, 2018 6:14 pm
mptfan wrote:
Fri Nov 09, 2018 2:31 pm
anonymously mining my data.
It's only anonymous until you are no longer anonymous.
I don't understand.
by mptfan
Fri Nov 09, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 52
Views: 4798

Re: Do you prefer etfs or mutual funds?

My question... Do you prefer etfs or mutual funds? I prefer mutual funds. I don't like that ETFs trade like stocks and you can buy and sell them in an instant because it makes it too easy and too tempting to trade them like stocks, and I don't like that they have a spread between the buy and sell p...
by mptfan
Fri Nov 09, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: Should I reject Google drive for privacy/tracking?
Replies: 38
Views: 3104

Re: Should I reject Google drive for privacy/tracking?

I am okay with the "deal" I am making. Free storage/email/etc for privacy loss. I tend to agree with this. When I stop and think of how much I use Google products and how much value they add to my life... Google search, Gmail, Drive, Sheets, Calendar, News, Finance, Maps, Flights, Chrome OS, Chrome...
by mptfan
Thu Nov 08, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash in online account with no local branch
Replies: 45
Views: 4719

Re: How to deposit cash in online account with no local branch

You could get an American Express Serve card. It's meant for individuals without bank accounts, it's a stored value card that can be loaded with cash at a lot of retailers (7-11, Walmart, Dollar General, etc.) the online web portal lets you transfer your balance to another checking account. It's co...
by mptfan
Wed Nov 07, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash in online account with no local branch
Replies: 45
Views: 4719

How to deposit cash in online account with no local branch

I recently had a situation where I received several hundreds of dollars of cash that I wanted to deposit in my brokerage account, but my local brokerage branch office does not accept cash. I'm sure this issue also applies to online bank accounts with no local branches. I went to my local post office...
by mptfan
Wed Nov 07, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3686

Re: Paper or Paperless? How and what financial records do you keep?

I download my financial account statements and tax returns and other important documents and save them in my Google Drive. I don't scan anything, I don't even own a scanner, everything is saved electronically as a PDF file download, and every few months or so I do a backup of my Drive folders to my...
by mptfan
Wed Nov 07, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 46
Views: 4480

Re: How much money did you receive from family? (Gifts/inheritance)

I have never received an inheritance, and I have never received any gifts or money from my parents since I turned 18.
by mptfan
Tue Nov 06, 2018 5:33 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3686

Re: Paper or Paperless? How and what financial records do you keep?

But I am backing up my entire financial life; account numbers, histories, logins, passwords, statements, etc. I will not put any of that in the cloud. I don't care how secure FidSafe, Dropbox, or any of them claim they are. Every company that has been hacked lately thought they were secure, until t...
by mptfan
Tue Nov 06, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3686

Re: Paper or Paperless? How and what financial records do you keep?

I download my financial account statements and tax returns and other important documents and save them in my Google Drive. I don't scan anything, I don't even own a scanner, everything is saved electronically as a PDF file download, and every few months or so I do a backup of my Drive folders to my ...
by mptfan
Sun Nov 04, 2018 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Discount Tire Credit Card - Worth Doing or Overall Foolish?
Replies: 48
Views: 3264

Re: Discount Tire Credit Card - Worth Doing or Overall Foolish?

I have always believed in simplicity and streamlined my credit card holdings. I hold a cash back Visa, a Costco Visa (used to be Amex but automatically converted to Visa), a Target RedCard so I can get 5% off there, and a Discover. Lol, I have a different concept of simplicity and streamlined credi...
by mptfan
Sun Nov 04, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Rewards - Do you move the cash out of Fido?
Replies: 47
Views: 3505

Re: Fidelity Visa Rewards - Do you move the cash out of Fido?

Trism wrote:
Sun Nov 04, 2018 9:53 am
We run at least $100,000 a year through our personal credit and charge cards.
With that kind of spending, I might be more inclined to do some juggling, but my credit card spending is barely 1/4 of that, so I am probably leaving maybe $100 on the table and I am ok with that.
by mptfan
Sat Nov 03, 2018 11:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18453

Re: Vanguard website "unavailable during weekend of Nov 3"

UpperNwGuy wrote:
Sat Nov 03, 2018 9:24 pm
Wow! 132 posts of non-stop complaining.
Not true. Some of those posts (including mine) point out that we should not complain.
by mptfan
Sat Nov 03, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Credit card Surcharges
Replies: 41
Views: 1796

Re: Credit card Surcharges

So yes, everyone should understand the credit card points and miles game has a price. And that all those cards cost businesses small and large to accept. If the surcharge "bugs" you, I get it. But if a business isn't charging one transparently, then they are bumping the cost of their goods and serv...
by mptfan
Sat Nov 03, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Are Bond Funds Really a Good Investment Now?
Replies: 44
Views: 5082

Re: Are Bond Funds Really a Good Investment Now?

Phineas J. Whoopee wrote:
Sat Nov 03, 2018 1:23 pm
For long-term investors using intermediate-term funds increased yields are helpful, not harmful. It just takes a few years for the advantage to become obvious.
PJW
+1 The same is true for investors using long term bond funds.
by mptfan
Sat Nov 03, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Rewards - Do you move the cash out of Fido?
Replies: 47
Views: 3505

Re: Fidelity Visa Rewards - Do you move the cash out of Fido?

I have seen the Uber card and the Amex with 6% back, but at some point you have to say to yourself, “I have enough cards.” :happy I agree. I don't want to chase a few extra dollars by keeping track of different credit card accounts and due dates and use my mental energy trying to figure out which c...
by mptfan
Sat Nov 03, 2018 1:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18453

Re: Vanguard website "unavailable during weekend of Nov 3"

Doc wrote:
Sat Nov 03, 2018 1:27 pm
And if you placed a buy for $1000 for the VFIDX fund during business hours on Friday just how many shares do you own today? :P
You're right, but having notice that the website would be down over the weekend I would not have done that.
by mptfan
Sat Nov 03, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18453

Re: Vanguard website "unavailable during weekend of Nov 3"

You can walk around and find the boundary. Or a surveyor can. This is hardly a comparison. A balance is a constantly changing figure that is very difficult to keep track of. Real estate is physically existant and you can see it, walk around on it and put down markers to indicate your ownership. Sur...
by mptfan
Sat Nov 03, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18453

Re: Vanguard website "unavailable during weekend of Nov 3"

Whether you use the phone app or a separate token, each has a unique ID that is non transferable. That is, you have to pick one or the other, and if you change phones or get a new token, you need to have your account linked to the new device ID. Schwab may force you to pick between the physical tok...
by mptfan
Sat Nov 03, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18453

Re: Vanguard website "unavailable during weekend of Nov 3"

Nope, not even close. I can drive up to my property and touch it. I can put tenants in there. And I can receive 10-15% return on my DP in the form of monthly income in perpetuity. If there is a balance discrepancy with digits on a screen, I doubt you will have the luxury of getting your 1.8% divide...
by mptfan
Sat Nov 03, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18453

Re: Platform changes?

I have E*Trade with a Symantec token and have always wondered what would happen if I lost it or it malfunctioned. Are you saying I could also get the app on my phone and link that to my account also. I don't know, that would depend on E*Trade, I am only referring to Schwab. Ask E*Trade. And just so...
by mptfan
Sat Nov 03, 2018 1:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18453

Re: Vanguard website "unavailable during weekend of Nov 3"

Obviously, not all of us knew our exact balances before the website went down. What happens if this "update" results in messed up balances? I don't care about my exact balances before the website went down, the only thing I care about is the number of shares that I own in each fund, and I do have t...
by mptfan
Sat Nov 03, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18453

Re: Platform changes?

I have E*Trade with a Symantec token and have always wondered what would happen if I lost it or it malfunctioned. Are you saying I could also get the app on my phone and link that to my account also. I don't know, that would depend on E*Trade, I am only referring to Schwab. Ask E*Trade. And just so...
by mptfan
Fri Nov 02, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Rewards - Do you move the cash out of Fido?
Replies: 47
Views: 3505

Re: Fidelity Visa Rewards - Do you move the cash out of Fido?

I leave it there and let it build up and think of it as a backup source of access to cash that may come in handy if my primary ATM card gets lost or does not work for some reason, especially if I am travelling. I generally agree with the concept of consolodating accounts to the fewest number possibl...
by mptfan
Wed Oct 31, 2018 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Debt for Grandma
Replies: 32
Views: 1777

Re: Credit Card Debt for Grandma

This revolving credit will just keep revolving until she dies. Then after her apartment is sold, the credit cards can be paid off, once and for all. This is terrible advice. It is very likely that Grandma's apartment is protected from creditors as homestead, and the proceeds of the sale should NOT ...
by mptfan
Wed Oct 31, 2018 2:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18453

Re: Platform changes?

But in the end, everything is hackable... what happens when you lose your phone and can't access VIP ? Social engineering happens. You set up the VIP app on more than one device...another phone, a tablet, a Chromebook. That way if you lose your phone you can use the app on the other device as a bac...
by mptfan
Wed Oct 31, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Debt for Grandma
Replies: 32
Views: 1777

Re: Credit Card Debt for Grandma

if she has assets like a paid off condo, wouldn't the credit card company come after her estate to collect on what is owed?? So in that sense Mom ir other heirs are "on the hook" for this debt, It makes no sense then to allow older people to have credit it their estate doesn't have to pay any debts...
by mptfan
Wed Oct 31, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Debt for Grandma
Replies: 32
Views: 1777

Re: Credit Card Debt for Grandma

bloom2708 wrote:
Wed Oct 31, 2018 12:52 pm
Does mom know she will be on the hook for Grandma's CC bills?
I don't think this is true.