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Re: Bernanke's Blog: why are interest rates so low?

This single blog post by Ben Bernanke tells me why he must be a great teacher.

Lev
by Levett
Tue Mar 31, 2015 6:17 am
 
Forum: Investing - Theory, News & General
Topic: Bernanke's Blog: why are interest rates so low?
Replies: 26
Views: 2794

Re: Advice - retiring at end of year & need help!

"Basic problem is I basically have no clue what to do!
Any advice?"


You should see a fee-only planner.

If your 401K is with Vanguard, use their planning service.

It's just way too late in the game, in my view, for you to do it yourself.

You need a professional plan.

Lev
by Levett
Mon Mar 30, 2015 4:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice - retiring at end of year & need help!
Replies: 10
Views: 1061

Re: Vanguard's Week In Review

If you are a contrarian, you will embrace Vanguard's Eye on the Economy (unless, of course, you think Vanguard knows what's not yet in the market :wink: ).

Lev
by Levett
Sat Mar 28, 2015 5:47 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Week In Review
Replies: 19
Views: 2079

Re: Smartest Financial Move You Ever Made

Getting a good education. It's the basis for everything that came after.

Lev
by Levett
Sat Mar 28, 2015 5:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Smartest Financial Move You Ever Made
Replies: 138
Views: 12611

Re: U.S. cash pouring into international

And guess who just bought big time in the U S of A.? Can you say: the Oracle of Omaha? 8-) http://finance.yahoo.com/news/9-5b-kraft-heinz-buffett-120526263.html With KRFT up over 40% (currently), owners of Vanguard Total Stock, Vanguard 500, and Wellesley Income will see some benefit at the close of...
by Levett
Wed Mar 25, 2015 10:38 am
 
Forum: Investing - Theory, News & General
Topic: U.S. cash pouring into international
Replies: 23
Views: 2442

Re: What Happens When Vanguard Owns Everything?

Archie wrote: "If Vanguard were designated a SIFI, it might actually be a good thing for investors."

I agree.

Lev
by Levett
Wed Mar 25, 2015 5:36 am
 
Forum: Investing - Theory, News & General
Topic: What Happens When Vanguard Owns Everything?
Replies: 19
Views: 4719

Re: What Happens When Vanguard Owns Everything?

First, it won't as the M* article makes clear. Second, beware of SIFI. I quote an excerpt about BlackRock (and Vanguard) from a Fortune article dated 7 July 2014. " So here we are, with a problem that’s playing out in the Treasury. One of its arms, the Financial Stability Oversight Council, has...
by Levett
Tue Mar 24, 2015 6:16 am
 
Forum: Investing - Theory, News & General
Topic: What Happens When Vanguard Owns Everything?
Replies: 19
Views: 4719

Re: Michael Lewis puts his money into Vanguard index funds

I understand and appreciate your point market timer as it pertains to holding index mutual funds (which have restrictions). But then again I worry about the impact of index ETFs on their mutual fund mates. For example, Mr. Bogle published a blistering editorial in the Financial Times on the Ides of ...
by Levett
Mon Mar 23, 2015 12:45 pm
 
Forum: Investing - Theory, News & General
Topic: Michael Lewis puts his money into Vanguard index funds
Replies: 12
Views: 3130

Re: Michael Lewis puts his money into Vanguard index funds

Have you read Flash Boys? If so, it seems odd to me that Lewis actually believes index funds aren't themselves subject to the same "dark pools." Here's Gus Sauter, Mr. Indexer himself, defending what Lewis, in his book, finds appalling: " Vanguard’s Sauter noted that high-frequency tr...
by Levett
Mon Mar 23, 2015 11:29 am
 
Forum: Investing - Theory, News & General
Topic: Michael Lewis puts his money into Vanguard index funds
Replies: 12
Views: 3130

Re: How important is an international allocation?

"increasing exposure to international equity and fixed income certainly seems to be the word of the day. Whether, in the long run, it turns out to be good advice will be determined by more things than any of us can imagine. Good luck! Lev" "False. Don't confuse strategy with outcome....
by Levett
Sun Mar 22, 2015 3:58 pm
 
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 4571

Re: Foreign stocks/bonds may be less beneficial for retirees

"I prefer to include international "just in case. " "Just in case " drives a number of my investment decisions. Frankly, I find " just in case " more compelling than a great deal of mumbo jumbo produced by Vanguard and any number of other investment companies. Lev
by Levett
Sun Mar 22, 2015 3:40 pm
 
Forum: Investing - Theory, News & General
Topic: Foreign stocks/bonds may be less beneficial for retirees
Replies: 26
Views: 2326

Re: RMD Vanguard state tax withholding

As with SpringMan, Vanguard does withhold my state (MI) tax on my RMD.

Lev
by Levett
Sun Mar 22, 2015 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: RMD Vanguard state tax withholding
Replies: 12
Views: 638

Re: How important is an international allocation?

RevYoung wrote: " What I'm trying to figure out is whether or not to bother with an international allocation for my emergency fund." You are going to have to go a long way to find a more thoughtful response (and framework for analysis) than that provided by Nisiprius. Increasing exposure t...
by Levett
Sun Mar 22, 2015 6:19 am
 
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 4571

Re: Larry on interest rates and bond term risk

Shall we count the number of "experts" who have advised to stay "short" for how many years now?

Lev
by Levett
Thu Mar 19, 2015 6:40 pm
 
Forum: Investing - Theory, News & General
Topic: Larry on interest rates and bond term risk
Replies: 12
Views: 1675

Re: Vanguard - The New Bond King - WSJ

I love a guy who doesn't feel compelled to mug for the camera.

Even better, he went to Ohio Northern (quick now: what town is it in?) and Lehigh.

Lev
by Levett
Thu Mar 19, 2015 6:43 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard - The New Bond King - WSJ
Replies: 27
Views: 4301

Re: Medicare -- Credible Coverage

Friends,

For the sake of those who may be reading this post let's use the correct term (even if we know what the OP means): it's creditable coverage.

http://tinyurl.com/84stezy

Been there. Done that.

Lev
by Levett
Thu Mar 19, 2015 6:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare -- [Creditable] Coverage
Replies: 8
Views: 818

Re: 60 Minutes, Dead or Alive

CABob wrote: "To me one of the take-aways from this is that one should periodically check credit reports and SS records periodically to make sure there are no errors. This is a report from the Inspector General on the subject." Yes. And that goes for all financial records and transactions,...
by Levett
Mon Mar 16, 2015 4:18 pm
 
Forum: Personal Consumer Issues
Topic: 60 Minutes, Dead or Alive
Replies: 15
Views: 3362

Re: Vanguard Diehards Alumni

Yes. Alumni. I miss the truly vigorous and enlightening exchanges.

Lev
by Levett
Fri Mar 13, 2015 6:47 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Vanguard Diehards Alumni
Replies: 23
Views: 1226

Re: Finra raps UBS, Vanguard with fines totaling $850,000

Thanks, Barry.

Vanguard has responded appropriately:

"A Vanguard spokeswoman, Katie Henderson, said in an email that the firm regrets the lack of timely filings and has taken steps to remedy the process."

Lev
by Levett
Thu Mar 12, 2015 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: Finra raps UBS, Vanguard with fines totaling $850,000
Replies: 23
Views: 2747

Re: TIAA Traditional Annuity as sole fixed income component

Read on. http://www1.tiaa-cref.org/ucm/groups/content/@ap_ucm_p_tcp/documents/document/tiaa01007891.pdf For Traditional, there's standard and graded payment--explained by the above link (see page 5). Traditional is NOT a variable annuity, but payments can go up, down, or stay put (it's a "parti...
by Levett
Wed Mar 11, 2015 6:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 36
Views: 1981

Re: TIAA Traditional Annuity as sole fixed income component

ResearchMed, I'm a longtime TIAA Traditional annuitant. If you don't have any money with TIAA (I said "if"), I don't know how you will get a satisfactory answer to your questions. If, on the other hand, you do have money with TIAA-CREF you can ask the company for an illustration of the pay...
by Levett
Wed Mar 11, 2015 4:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 36
Views: 1981

Vanguard's Use of External Advisors

Essay posted at VG.

https://personal.vanguard.com/us/insigh ... -qa-032015

$950 billion in active funds. An important line of business.

Lev
by Levett
Wed Mar 11, 2015 10:50 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Use of External Advisors
Replies: 1
Views: 381

Re: What are some common misconceptions found in this forum?

Take your pick.

https://rpseawright.wordpress.com/2012/07/16/investors-10-most-common-behavioral-biases/

We can't escape our human frailties. With some help, we can try to manage them.

Lev
by Levett
Wed Mar 11, 2015 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 17328

Re: TIAA Traditional Annuity as sole fixed income component

First, forget about the "murky future." When isn't the future "murky?" As to TIAA Traditional as your basic source of fixed income, I agree with other respondents. The account is a ROCK (47 years in it and still holding!). Here's a link to a white paper that may be of interest. h...
by Levett
Wed Mar 11, 2015 5:38 am
 
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 36
Views: 1981

Re: Advice For a Little Investor

Scarp, There are women and men who post here--or "gals" and "guys." I'm 50 years older than you. I like Taylor's advice. Why not start with Star and get a handle on how a balanced fund (composed of several funds) performs? Years from now you may make changes, but you might as wel...
by Levett
Tue Mar 10, 2015 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice For a Little Investor
Replies: 18
Views: 1548

Re: RMD loophole?

"How do you reduce it to a dinghy?"

The two words--dingy/dinghy--can be easily confused.

Happens to many of us.

Lev
by Levett
Tue Mar 10, 2015 9:59 am
 
Forum: Investing - Theory, News & General
Topic: RMD loophole?
Replies: 19
Views: 1801

Re: Credit Reporting Agency Settlement/Changes

All praise to Eric Schneiderman. :thumbsup

Lev
by Levett
Tue Mar 10, 2015 5:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Reporting Agency Settlement/Changes
Replies: 2
Views: 307

Re: Wealthy cardholders prefer cash-back rewards

That's a pretty low bar for "wealthy."

I like my FF miles. They are used exclusively for travel-related expenses.

My most effective cash-back strategy is to shop smart in the first place. I learned that from my wife. :happy

Lev
by Levett
Mon Mar 09, 2015 9:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Wealthy cardholders prefer cash-back rewards
Replies: 33
Views: 4206

Re: My Vanguard Momentum Trading Blog

Hi Petro,

Being something of a Boglehead heretic, I wish you well.

And, if you don't mind a bit of nitpicking, did you mean to write: "I have decided to employ it to the 16 Vanguard funds in my 401(k) plan?"

"Employ" or "apply?"

Lev
by Levett
Sun Mar 08, 2015 4:11 pm
 
Forum: Investing - Theory, News & General
Topic: My Vanguard Momentum Trading Blog
Replies: 18
Views: 1674

Re: interest rate increase looming. what you gonna do ?

I am shocked--truly shocked ( :wink: )-- that the wise folks at this site have overlooked the unique option of an "unconstrained bond fund." :twisted:

Lev
by Levett
Sun Mar 08, 2015 2:14 pm
 
Forum: Investing - Theory, News & General
Topic: interest rate increase looming. what you gonna do ?
Replies: 65
Views: 6246

Re: Traits of Happiest Retirees

In my experience (now retired 15 yrs.), the happiest retirees were already happy to begin with. :happy

Lev
by Levett
Sat Mar 07, 2015 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traits of Happiest Retirees
Replies: 29
Views: 3904

Re: What's with VG Complaints???

"serious complaints on 2 different websites" There are a lot of complaints on a lot of websites--some justified, some not. It's kind of like recommending restaurants to friends. Some end up liking the place, and some not. You are going to have to find out for yourself. For what it's worth...
by Levett
Sat Mar 07, 2015 7:48 am
 
Forum: Investing - Theory, News & General
Topic: What's with VG Complaints???
Replies: 42
Views: 3222

Re: Does My Daughter Need A Prenup?

"I guess the bigger question is whether it really is HER decision or OUR (including wife and) decision." As the father of 3 children + the stepfather of 2, I can't begin to comprehend the sentence above. I did not bother to comb through the thread to see if any other parents found your se...
by Levett
Fri Mar 06, 2015 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 6001

Re: Woe is Wellesley!

Yes, Large value has slowed noticeably.

For long-term holders this is not news.

The income stream, especially in tax deferred, will continue to be useful.

This is not a market timers fund.

Lev
by Levett
Fri Mar 06, 2015 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Woe is Wellesley!
Replies: 4
Views: 1054

Re: Backpedaling: Rising Equity Allocation During Retiremen

"Dr. Pfau is intellectually honest. I like that."

Me, too.

It's called integrity.

Lev
by Levett
Wed Mar 04, 2015 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 38
Views: 3689

Re: WHY YOU OWE YOUR FREEDOM TO JACK BOGLE

"one of our inalienable rights is the freedom to pursue happiness"

I agree.

And I thank the founders of this country, not the founder of any financial institution.

I have great respect and admiration for John Bogle. And there it stops.

Lev
by Levett
Wed Mar 04, 2015 11:13 am
 
Forum: Investing - Theory, News & General
Topic: SIGN PETITION for Jack Bogle's Presidential Medal of Freedon
Replies: 55
Views: 4481

Re: Vanguard Managed Payout to add new fund

Perhaps someone has already posted this (in a sea of threads), but just yesterday Vanguard itself posted some remarks on "alternative investing" and the comments sure didn't sound terribly enthusiastic to me. https://personal.vanguard.com/us/insights/article/itv-dickson-qa-022015 Does the ...
by Levett
Wed Mar 04, 2015 7:19 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Managed Payout to add new fund
Replies: 30
Views: 2856

Re: Vanguard becominng more assertive with boards WSJ

I would be pleased to see such assertiveness occur.

Lev
by Levett
Wed Mar 04, 2015 7:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard becominng more assertive with boards WSJ
Replies: 9
Views: 1879

Re: Paris France help/suggestions for women

Relax. Enjoy the museums and restaurants and shops. It helps if you speak some French, but given the rapid travel between England and France via Eurostar you should do fine. Much more English spoken. The only surprise for us when we visited last time (in May) is how much cleaner London is than Paris...
by Levett
Mon Mar 02, 2015 7:22 pm
 
Forum: Personal Consumer Issues
Topic: Paris France help/suggestions for women
Replies: 22
Views: 1633

Re: Retiree Poll: Satisfaction with retirement

I am very satisfied (after 15 years).

But let's not kid ourselves: we retirees are playing the back nine.

Play it as it lies. :wink:

Lev
by Levett
Mon Mar 02, 2015 5:59 pm
 
Forum: Personal Consumer Issues
Topic: Retiree Poll: Satisfaction with retirement
Replies: 53
Views: 4024

Re: Vanguard Managed Payout to add new fund

Lady Geek, I wish to respond to your query, and hope I am not in violation of any site policy. I will not provide a link. I will simply suggest an op-ed Robert Morgenthau, the former Manhattan district attorney, published in the New York Times . The title is: "These Islands Aren't Just a Shelte...
by Levett
Sun Mar 01, 2015 6:24 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Managed Payout to add new fund
Replies: 30
Views: 2856

Re: Vanguard Managed Payout to add new fund

When an announcement includes "diversify" and "alternative" in its title you just know it's gotta be a can't miss opportunity! :wink:

Lev
by Levett
Sun Mar 01, 2015 2:49 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Managed Payout to add new fund
Replies: 30
Views: 2856

Re: International increase in Target Retirement & LifeStrate

And there's an obvious corollary, as well: if Vanguard can't stay the course in target and lifestrategy funds, then how can the investor possibly stay his/her course in these funds?

Lev
by Levett
Sun Mar 01, 2015 7:57 am
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 224
Views: 17921

Re: Retirement - Surprises, Solutions

furwut,

Nah. Just lots of hockey and ice fishing.

Minnesotans are a healthy lot.

Lev
by Levett
Sun Mar 01, 2015 7:43 am
 
Forum: Personal Consumer Issues
Topic: Retirement - Surprises, Solutions
Replies: 30
Views: 3779

Re: Would you buy into this state defined benefit pension?

Judging by your previous posts, it sure looks like you know how to think your way through these kinds of decisions. I see a lot of upside and not much downside. I agree with Valuethinker. As he points out, and as I'm sure you are aware, you don't want to get remotely involved with an Illinois-type s...
by Levett
Sun Mar 01, 2015 7:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy into this state defined benefit pension?
Replies: 16
Views: 1188

Re: Retirement - Surprises, Solutions

In Minnesota you might plan on a lengthy retirement. The state has among the highest life expectancy rates in the United States.

http://en.wikipedia.org/wiki/List_of_U.S._states_by_life_expectancy

Long life!

Lev
by Levett
Sat Feb 28, 2015 11:19 am
 
Forum: Personal Consumer Issues
Topic: Retirement - Surprises, Solutions
Replies: 30
Views: 3779

Re: Not "Staying the Course"

"Investment situations" are an extension (one of many) of your life situation. And life doesn't "stay the course," however long you have lived. "Between the idea And the reality Between the motion And the act Falls the Shadow" (T. S. Eliot, "The Hollow Men") Lev
by Levett
Sat Feb 28, 2015 6:58 am
 
Forum: Investing - Theory, News & General
Topic: Not "Staying the Course"
Replies: 40
Views: 4894

Re: Retirement - Surprises, Solutions

Pleasant surprises: encountering new experiences, making new friends, drawing much closer to extended family, having genuine autonomy.

Unpleasant surprises: diagnosis of serious illness in family; colleagues passing away.

The good greatly outweighs the bad.

Lev
by Levett
Sat Feb 28, 2015 6:26 am
 
Forum: Personal Consumer Issues
Topic: Retirement - Surprises, Solutions
Replies: 30
Views: 3779

Re: International increase in Target Retirement & LifeStrate

marc asked: " How would Vanguard's bump up of international after a period of underperformance help them compete for assets?" Lipper tracks fund flows. For an extended period of time equity fund flows show a clear pattern away from domestic to international. Here's a link. http://www.lippe...
by Levett
Sat Feb 28, 2015 6:15 am
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 224
Views: 17921

Re: International increase in Target Retirement & LifeStrate

Thanks Noobvestor.

I will not put words in your mouth.

These will be my words.

Vanguard, like any another investment company, competes for assets.

This change is as much about marketing as investing (my words).

What passes for "research" is often no more than fig leaf (my words).

Lev
by Levett
Fri Feb 27, 2015 5:27 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 224
Views: 17921
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