Search found 3517 matches

by Levett
Sun Jul 05, 2015 6:11 am
Forum: Investing - Help with Personal Investments
Topic: I feel restless........not sure what to do, and which route to take!
Replies: 7
Views: 1335

Re: I feel restless........not sure what to do, and which route to take!

See if you can hire LadyGeek as your life counselor. Seriously.

Lev
by Levett
Sat Jul 04, 2015 11:44 am
Forum: Investing - Theory, News & General
Topic: Aren't we obsessing way too much about our portfolios?
Replies: 42
Views: 2522

Re: Aren't we obsessing way too much about our portfolios?

"Of course that won't stop us from doing it."

And that's where the fun of behavioral economics comes in! :wink:

Lev
by Levett
Thu Jul 02, 2015 11:40 am
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 30
Views: 2519

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

Rick wrote: " Social Security should be treated as you would a salary." I happen to agree and put that belief into practice. However, I don't agree with one half of the following sentence: " This income cannot be converted into a lump sum and it goes away when you pass away." Yes...
by Levett
Thu Jul 02, 2015 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Pick One of Three! Vanguard Balanced Funds
Replies: 23
Views: 2903

Re: Pick One of Three! Vanguard Balanced Funds

"My decision will be based on your input, so thank you for taking the time." Whoa! You need to own your own decision. You say you want to set it and forget it. You say you're not fond of international investing. Just one of the three funds you've identified avoids international investing,...
by Levett
Tue Jun 30, 2015 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellington Fund
Replies: 26
Views: 2968

Re: Vanguard Wellington Fund

What the Vanguard Wellington summary prospectus says: Supplement to the Prospectus and Summary Prospectus Important Note Regarding Vanguard Wellington Fund Vanguard Wellington Fund will be closed to all prospective financial advisory, institutional, and intermediary clients (other than clients who i...
by Levett
Mon Jun 29, 2015 6:42 pm
Forum: Investing - Theory, News & General
Topic: Being Mr. Bogle's Company has 3 Trillion Dollars
Replies: 15
Views: 2060

Re: Being Mr. Bogle's Company has 3 Trillion Dollars

There's nothing "wrong" with Ned Johnson having done things his way and John Bogle having done things his way.

I know many a happy Fidelity investor. I once was one, but settled on TIAA and Vanguard (happy with them, too).

It's a big world.

No one has cornered the market on virtue.

Lev
by Levett
Mon Jun 29, 2015 6:29 pm
Forum: Personal Consumer Issues
Topic: The Amalfi Coast: Next April
Replies: 21
Views: 1541

Re: The Amalfi Coast: Next April

Man. How can you go wrong?! We stayed in Sorrento at the Grand Hotel Excelsior Vittoria and then fanned out from there for two weeks. The people are so hospitable, the food so fresh and scrumptious, and the red wines (in particular) are to die for. Be sure to go to Capri. If you are driving, drive c...
by Levett
Sat Jun 27, 2015 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: ? Portfolio for older couple
Replies: 17
Views: 3771

Re: ? Portfolio for older couple

Hi Tom, I think you, yourself, have made the most compelling case for why VSCGX may be ideal under the circumstances: " What comes to mind is the possible use of the Vanguard Life Strategy Conservative Growth Fund (VSCGX) as an all-in-one fund that meets the asset allocation ratio of 40/60, tha...
by Levett
Sat Jun 27, 2015 7:33 am
Forum: Investing - Theory, News & General
Topic: Will Demographics Be Destiny for Stocks and Bonds?
Replies: 23
Views: 2984

Re: Will Demographics Be Destiny for Stocks and Bonds?

Thank you for calling attention to this, Simplegift.

I see an increasing number of articles on this matter.

Frankly, I don't know how to think about it. I just sense that it's something that needs to be thought about carefully and systematically.

Lev
by Levett
Fri Jun 26, 2015 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Re-Eval TIAA-CREF Funds
Replies: 19
Views: 1457

Re: Re-Eval TIAA-CREF Funds

I agree with sawhorse. No one is "tied" to an advisor unless they voluntarily choose to be "tied."

Get away from the 1% fee.

Lev
by Levett
Wed Jun 24, 2015 7:26 pm
Forum: Personal Consumer Issues
Topic: Money arguments with spouse and how did you resolve
Replies: 68
Views: 7058

Re: Money arguments with spouse and how did you resolve

"did you have money issues with your spouse and how did you resolve and how quickly ." No. And here's why. We do accounts that are his, hers, and household. His is his business. Hers is her business. Household is our business. If it's my cousin (or whatever), it's on me to decide and prov...
by Levett
Mon Jun 22, 2015 8:50 am
Forum: Personal Consumer Issues
Topic: Concerns about upcoming Greece visit.
Replies: 26
Views: 2968

Re: Concerns about upcoming Greece visit.

You will be fine in the islands, but Athens can be problematic under any circumstances (especially late in the evening). We were there before the "crisis" and poll after poll showed that Athenians were plain unhappy with their lot in Athens. The mood change in the islands, you will notice,...
by Levett
Mon Jun 22, 2015 8:00 am
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads/BiggerPocketers think there is only one way?
Replies: 123
Views: 13495

Re: Why do Bogleheads/BiggerPocketers think there is only one way?

I am 100% with MickeyD--e.g., "They do coexist.

My question is~ Why try to pick a fight on your initial post
?"

Not only do they coexist; some of "them" are my friends!

And we don't fight.

It is what it is. And we are who we are.

Lev
by Levett
Sat Jun 20, 2015 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Happy Father's Day
Replies: 6
Views: 912

Re: Happy Father's Day

My most important lessons re finance were learned from my mother.

Lev
by Levett
Sat Jun 20, 2015 4:40 pm
Forum: Investing - Theory, News & General
Topic: Any equivalent to TIAA traditional elsewhere?
Replies: 6
Views: 668

Re: Any equivalent to TIAA traditional elsewhere?

John asked: "Is there another participating annuity with a guaranteed minimum that is at all comparable to TIAA Traditional?"

In a word, NO.

Quick now: what does John mean by "participating annuity?" ;-)

Lev
by Levett
Wed Jun 17, 2015 6:18 am
Forum: Personal Consumer Issues
Topic: Help me choose an EXPENSIVE* red wine for a gift
Replies: 22
Views: 2482

Re: Help me choose an EXPENSIVE* red wine for a gift

Opus, Silver Oak, and Caymus all nice suggestions. I would also suggest looking at a number of wines made by Joseph Phelps.

http://www.josephphelps.com/

Lev
by Levett
Mon Jun 15, 2015 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - Less than meets the eye
Replies: 56
Views: 6155

Re: Long term care insurance - Less than meets the eye

Allan wrote: " I want all of my bases covered, just in case." Ditto. LTCI is just one of several reliable sources of income. It was never bought with the idea that it would be primary. Although my premiums have not increased over nearly 15 years (even with the 5% compounded rider), I surel...
by Levett
Sun Jun 14, 2015 7:36 am
Forum: Personal Consumer Issues
Topic: Shipping a bottle of wine as a gift?
Replies: 7
Views: 955

Re: Shipping a bottle of wine as a gift?

Since you mentioned $50-$100, take a look at the two bottle gift set for Father's Day at this site. https://www.goldmedalwineclub.com/dadsgrads?gclid=CLfX1M-Yj8YCFQ6paQodGU8A_w Years ago I used to belong to the club. The wines were just fine--and some have gone on to become big hits. I just happen t...
by Levett
Sun Jun 14, 2015 7:30 am
Forum: Investing - Help with Personal Investments
Topic: TIAA CREF annual policyholder vote
Replies: 5
Views: 739

Re: TIAA CREF annual policyholder vote

sawhorse: Have you read the Vanguard compensation document lately? Oh, wait. We, the presumed owners of Vanguard, are not entitled to know what the executives pay themselves. If Roger Ferguson of TIAA gets around $18 mill, what do you think the Vanguard CEO (with $3 trillion+ assets) gets? Less than...
by Levett
Sat Jun 13, 2015 1:38 pm
Forum: Personal Consumer Issues
Topic: Shipping a bottle of wine as a gift?
Replies: 7
Views: 955

Re: Shipping a bottle of wine as a gift?

I receive regular shipments of wine via Fed Ex. The bottles are in cardboard containers and then boxed.

Alternatively, you could have the wine shipped directly from the winery if you know what you want.

I've never received a broken bottle.

Lev
by Levett
Sat Jun 13, 2015 8:00 am
Forum: Investing - Theory, News & General
Topic: Is "beating the market a misnomer"?
Replies: 8
Views: 1004

Re: Is "beating the market a misnomer"?

So-called "benchmarks" and phrases like "beating the market" play no part in my investing life. I am a solitary investor, not an advisor, and my only interest is to match my investments, as best I can, with my standard of living. What someone else seeks or accomplishes is of no c...
by Levett
Fri Jun 12, 2015 6:17 am
Forum: Investing - Theory, News & General
Topic: Wellington & Wellesley
Replies: 60
Views: 8631

Re: Wellington & Wellesley

Let's look--philosophically, as it were--at the truism (and SEC boilerplate) that says/warns/ cautions: "that a fund's past performance does not necessarily predict future results." Why is it required by the SEC? Can we agree that it's there because a fund's past performance is not necessa...
by Levett
Fri Jun 12, 2015 5:48 am
Forum: Investing - Help with Personal Investments
Topic: Fund vs ETF
Replies: 16
Views: 1670

Re: Fund vs ETF

stultz wrote: "they are the same fund" And then went on, rightly, to explain some major differences. Put another way, ETFs and mutual funds don't behave the same due to the differences that have been pointed out. ETFs appeal to too many "twitchy" investors (I use the word advised...
by Levett
Wed Jun 10, 2015 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Offered Cancer Insurance at work, worth it?
Replies: 34
Views: 3107

Re: Offered Cancer Insurance at work, worth it?

Florida appears to be a tough place to be unwell. (No wonder my midwest friends fly home when there's trouble on the horizon), The Hospitals That Overcharge Patients by 1000 Percent If you thought a burst appendix was painful, wait until you see the bill. Rick Wilking / Reuters 2.1k 353 OLGA KHAZAN ...
by Levett
Mon Jun 08, 2015 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Wealthfront Portfolios - thoughts?
Replies: 12
Views: 1135

Re: Wealthfront Portfolios - thoughts?

"And what is Malkiel going to advocate once rates start climbing?"

Doesn't matter.

He will get his take: currently 0.25.

Lev
by Levett
Mon Jun 08, 2015 5:17 pm
Forum: Personal Consumer Issues
Topic: Elder care home in a residential neighborhood
Replies: 9
Views: 854

Re: Elder care home in a residential neighborhood

Here's what I think.

One day you will be one of "them" (right?).

On our planning commission it's known as NIMBY.

Once upon a time, we lived in a society that understood the stages of life.

Now, we live in fear of ambulances (fragility knocks at the door).

Sad.

Lev
by Levett
Mon Jun 08, 2015 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Wealthfront Portfolios - thoughts?
Replies: 12
Views: 1135

Re: Wealthfront Portfolios - thoughts?

"Bonds yield low in nominal and real terms, so either you live with lower returns or jack up the risk level and hope for the best."

That's about the size of it IMHO.

Of course, there's always "smart beta." ;-)

Lev

P.S. What has Malkiel got to lose with your money?
by Levett
Mon Jun 08, 2015 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Comments on my Retirement picture
Replies: 12
Views: 1727

Re: Comments on my Retirement picture

Hi Erwin, You wrote: " the distribution phase seems like a completely different ball game. " I entirely agree as one who also has been retired for a lengthy period of time. Basically, most investment companies do a lousy job of preparing accumulators for decumulation. Even Mr. Bogle now fa...
by Levett
Mon Jun 08, 2015 5:51 am
Forum: Investing - Theory, News & General
Topic: What is the opposite of longevity risk?
Replies: 30
Views: 1991

Re: What is the opposite of longevity risk?

"Is there a term for the risk of dying without having enjoyed the fruits of your labors?" Yes. Extreme Deferred gratification. Like you, I have witnessed more than one death before the age of 40. Here's what I learned: don't put off to tomorrow what you are able to do (that means: what yo...
by Levett
Mon Jun 08, 2015 5:34 am
Forum: Investing - Help with Personal Investments
Topic: Comments on my Retirement picture
Replies: 12
Views: 1727

Re: Comments on my Retirement picture

It's not clear what kind of comments you are seeking. You've been retired since 2004 and you don't give off any sign of distress. Indeed, you feel reaffirmed by Rick Ferri's recent piece. My (unsolicited) comment: if it ain't broke, don't fix it! As for the comment from another poster--e.g., " ...
by Levett
Fri Jun 05, 2015 5:41 am
Forum: Investing - Help with Personal Investments
Topic: New - In a mess, at retirement and need the members help!
Replies: 9
Views: 2700

Re: New - In a mess, at retirement and need the members help!

westfarms, Since you are recently retired and there's a considerable age gap between your wife and you + there is one more child to educate, I recommend you initially seek the counsel of a reputable estate planning law firm . I emphasize a well-established firm because individual lawyers, like the r...
by Levett
Wed Jun 03, 2015 7:04 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 828
Views: 138683

Re: What Book Are You Currently Reading? Part VI

Richard Thaler, Misbehaving. Bracing.

Lev
by Levett
Wed Jun 03, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Why would I move all my money to Vanguard?
Replies: 9
Views: 1065

Re: Why would I move all my money to Vanguard?

I have found that by using two investment firms I get at least twice as many screw-ups--sometimes more! :annoyed

And yet I persist.

No investment firm matches the efficiency and service of my credit union. :D

Lev
by Levett
Wed Jun 03, 2015 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Parents retiring from Ohio to Sarasota, FL area
Replies: 11
Views: 1764

Re: Parents retiring from Ohio to Sarasota, FL area

swampy makes a number of valuable points. We regularly visit the Sarasota/Longboat Key area in the winter. There's much to like (scenically and culturally). There's also some stuff that's quite off-putting: unreliable service, noticeable lack of courtesy, willingness to go for glitz over substance. ...
by Levett
Sun May 31, 2015 3:08 pm
Forum: Personal Consumer Issues
Topic: Tips about Paris apartment rentals?
Replies: 2
Views: 397

Re: Tips about Paris apartment rentals?

Gerry, We rented through this website. http://www.parisianflat.com/ Everything was as advertised. We were quite pleased with the flat and the location (2BR, 2BA, near Orsay Museum, Metro line was Rue du Bac). We rented a year ago last May when the dollar was considerably weaker against the Euro. Sin...
by Levett
Sun May 31, 2015 10:32 am
Forum: Investing - Theory, News & General
Topic: Conventional Wisdom
Replies: 20
Views: 1690

Re: Conventional Wisdom

My father (deceased) owned many bonds in both domestic and international accounts (he traveled a lot and retired overseas). He did not own equities. He did have a pension. My mother (deceased) owned CDs, treasuries, and dividend-paying stocks. She also had some annuity income, but not a pension. Whe...
by Levett
Sat May 30, 2015 4:42 pm
Forum: Investing - Theory, News & General
Topic: Worried about longevity risk...this isn't good news
Replies: 22
Views: 3579

Re: Worried about longevity risk...this isn't good news

"Are Cognitive Constraints a Barrier to Annuitization?"

http://crr.bc.edu/briefs/are-cognitive-constraints-a-barrier-to-annuitization/

You may, if you wish, download the brief at the link and observe some fascinating thought experiments.

Lev
by Levett
Sat May 30, 2015 7:11 am
Forum: Investing - Theory, News & General
Topic: Worried about longevity risk...this isn't good news
Replies: 22
Views: 3579

Re: Worried about longevity risk...this isn't good news

Hi ned: Count me as one who agrees with your analysis--e.g., " The retirement model for the baby boom isn't broken, it was unrealistic in the first place. The model is that we will all be retirement millionaires with oodles and oodles of long term care insurance and that we will all be sharp, a...
by Levett
Fri May 29, 2015 4:39 pm
Forum: Investing - Theory, News & General
Topic: Will Single Premium Immediate Annuities be better with higher interest rates?
Replies: 17
Views: 1844

Re: Will Single Premium Immediate Annuities be better with higher interest rates?

Ron writes: "Sometimes, all the planning in the world can't beat dumb luck." Yup. My SPIA was purchased in July of 2001. :thumbsup And because it's with TIAA, it's a participating annuity that has raised its payment on several occasions. 8-) It's there as a floor--nothing more. Lev
by Levett
Fri May 29, 2015 4:32 pm
Forum: Personal Consumer Issues
Topic: Behavioral finance and restaurants
Replies: 72
Views: 6486

Re: Behavioral finance and restaurants

Love to eat out when we are traveling, but have no need or desire to do so very often when the meals at home or at friends' homes are so incredibly fine.

Besides, I do a better job of matching wine with the meal. 8-)

But I do enjoy Richard Thaler. Cool dude.

Lev
by Levett
Wed May 27, 2015 12:52 pm
Forum: Investing - Theory, News & General
Topic: Wellington & Wellesley
Replies: 60
Views: 8631

Re: Wellington & Wellesley

Taylor responded to another poster's question-- " So, why are Wellington and Wellesley funds different from all other Vanguard active funds?" -- with the following comment: " Bogleheads are not all immune to "past performance." As a longtime poster at Bogleheads and admirer ...
by Levett
Tue May 26, 2015 3:11 pm
Forum: Investing - Theory, News & General
Topic: Wellington & Wellesley
Replies: 60
Views: 8631

Re: Wellington & Wellesley

I learned a long time ago not to lecture long-time holders of any fund if they continue to meet their objectives holding thus and so fund or funds.

I find groupthink wholly unappealing and presumptuous.

Lev
by Levett
Tue May 26, 2015 6:36 am
Forum: Personal Consumer Issues
Topic: Window replacement -- Renewal by Andersen?
Replies: 31
Views: 2760

Re: Window replacement -- Renewal by Andersen?

Agree about RBAs tactics. For his efforts, he got a polite "no." However, I used an independent contractor to install Andersen 400 series throughout the second floor. It's been a number of years, and the windows have been terrific. We also used an independent contractor to install Pella Ar...
by Levett
Fri May 22, 2015 1:25 pm
Forum: Personal Consumer Issues
Topic: Traveling Insurance
Replies: 6
Views: 423

Re: Traveling Insurance

Travelguard provides both medical and medevac.

https://www.travelguard.com/travelinsurance/products/MedEvac.asp

That's why we use them.

Lev
by Levett
Fri May 22, 2015 1:21 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross Thinks the End Is Near
Replies: 54
Views: 7386

Re: Bill Gross Thinks the End Is Near

"This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but a whimper
."

Memorable conclusion to a memorable poem.

Lev
by Levett
Fri May 22, 2015 11:33 am
Forum: Personal Consumer Issues
Topic: Traveling Insurance
Replies: 6
Views: 423

Re: Traveling Insurance

Over the years we have used Travelguard for overseas travel.

Doubtless, other names will be mentioned.

Lev
by Levett
Tue May 19, 2015 6:35 am
Forum: Personal Consumer Issues
Topic: Questioning a Dentist?
Replies: 43
Views: 4089

Re: Questioning a Dentist?

Two essentials in life: a good dentist and a good plumber. Seriously.

Neither is easy to find these days.

Lev

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