Search found 3538 matches

by Levett
Tue Aug 04, 2015 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting For 2016 Medicare Part B Increase
Replies: 40
Views: 2386

Re: Budgeting For 2016 Medicare Part B Increase

My sense is that the article is likely right, not wrong. I deliberately waited to respond to read further coverage of the trustee report. Since I believe Kaiser is a responsible (non-partisan) group, I find myself increasingly persuaded by the following link. http://khn.org/news/good-news-bad-news-i...
by Levett
Mon Aug 03, 2015 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Enough is enough
Replies: 29
Views: 6122

Re: Enough is enough

Thanks for your comments, Dave.

Enjoy that cabin!

Lev
by Levett
Sun Aug 02, 2015 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Enough is enough
Replies: 29
Views: 6122

Re: Enough is enough

" Define your own expectations and live your own life. There will always be the proverbial Jones and Bogleheads who have "more". " Two succinct and wise sentences--with " more " appropriately in quotation marks! A whole lot of human beings drive themselves crazy trying ...
by Levett
Wed Jul 29, 2015 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: when the rubber hits the road [updated]
Replies: 33
Views: 2760

Re: When the rubber his the road - an update

You are an extraordinarily courageous person for laying things out so clearly and bluntly. Please don't overlook the fact that you write clearly and compellingly. A lot is still working. We can all learn a valuable lesson with your help: we are not nearly as invulnerable as we (pretend) to think. I ...
by Levett
Wed Jul 29, 2015 2:57 pm
Forum: Investing - Theory, News & General
Topic: Malkiel on Chinese Stock Markets
Replies: 18
Views: 2190

Re: Malkiel on Chinese Stock Markets

It is rather amazing to watch how former seemingly impartial financial authors/advisers have found ways to monetize themselves.

Such is the nature of our world.

Lev
by Levett
Wed Jul 29, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: Social Security and Expenses
Replies: 61
Views: 3431

Re: Retirees: Social Security and Expenses

I'm saving mine so I can buy Petrocelli's watch on an installment plan.

8-)

Lev
by Levett
Tue Jul 28, 2015 5:54 pm
Forum: Investing - Theory, News & General
Topic: Malkiel on Chinese Stock Markets
Replies: 18
Views: 2190

Re: Malkiel on Chinese Stock Markets

"But why should institutions buy when the government can control if and when they can sell?"

This was news to Burton Malkiel?!

Oh, my.

Lev
by Levett
Sun Jul 26, 2015 3:39 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns – Don’t quit your day job.
Replies: 103
Views: 10453

Re: Scott Burns – Don’t quit your day job.

Bob wrote: "Two other things to be seriously considered are purchasing at retirement a real longevity annuity, aka a delayed real life annuity, that starts paying out in your early to mid 80s. Then continuing to buy more in chunks over time, if your health remains good. And, with real interest ...
by Levett
Sun Jul 26, 2015 1:23 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1005
Views: 162125

Re: What Movie Have You Recently Watched?

Mr. Holmes for the first time and The Drop for the second time. Ian McKellen's performance in Holmes has been justly celebrated, but there's far more to the film than just his performance. The Drop features fine performances throughout. It's a gritty urban drama with a pit bull that matches the cen...
by Levett
Fri Jul 24, 2015 12:07 pm
Forum: Investing - Theory, News & General
Topic: Apple individual stock, what am I missing here?
Replies: 55
Views: 4158

Re: Apple individual stock, what am I missing here?

Apropos of Apple, you might enjoy reading "The Beauty Contest" (chapter 21 of Richard Thaler's book, Misbehaving).

Lev
by Levett
Fri Jul 24, 2015 5:15 am
Forum: Investing - Help with Personal Investments
Topic: [Pension buyout ] Lump sum help
Replies: 17
Views: 2011

Re: [Pension buyout ] Lump sum help

Michael Kitces has recently written on precisely this matter. https://www.kitces.com/blog/how-to-evaluate-the-pension-versus-lump-sum-decision-and-strategies-for-maximization/ Please do not overlook the comments section at the end of the Kitces essay. They are exemplary in their thoughtfulness. Lev
by Levett
Mon Jul 13, 2015 6:46 pm
Forum: Investing - Theory, News & General
Topic: Tilting allocation - Energy
Replies: 20
Views: 1379

Re: Tilting allocation - Energy

"towards extreme times I feel it may be justified to tilt."

It's your money.

As long as you own your decision....

Lev
by Levett
Mon Jul 13, 2015 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Grown Children as beneficiaries
Replies: 33
Views: 3232

Re: Grown Children as beneficiaries

Hi Jerry, You asked: " Comments, Ideas, Suggestions ???" I, too, have grown children who will be beneficiaries. They are good and, at the same time, different people. I also have an estate plan and have had a number of discussions with my longtime lawyer about the grown children. What I fi...
by Levett
Fri Jul 10, 2015 6:16 pm
Forum: Investing - Theory, News & General
Topic: "Helping Your Parents Financially"
Replies: 62
Views: 7781

Re: "Helping Your Parents Financially"

" but it was not criminal as the article would imply. " That's the problem with the article. The tone is coarse and basically blows off the complications of parenting. I do not deny for one moment Ron's experience (I had a version with one parent). But it reads like a blame game essay, and...
by Levett
Fri Jul 10, 2015 2:39 pm
Forum: Investing - Theory, News & General
Topic: "Helping Your Parents Financially"
Replies: 62
Views: 7781

Re: "Helping Your Parents Financially"

I must live in a different universe (thankfully). I would never speak of my parents using this kind of grotesque and disgusting language: "The first point I want to make is that you probably don’t have to do squat. It is unfair for a parent to bring a child into the world primarily to pay their...
by Levett
Fri Jul 10, 2015 6:20 am
Forum: Investing - Theory, News & General
Topic: China stocks crash: right out of Kindleberger's playbook
Replies: 63
Views: 6473

Re: China stocks crash: right out of Kindleberger's playbook

I'm late to the party, but I just noticed this observation and agree entirely. It's just uncanny--e.g.,

"For such a smart company, their timing is almost bankable in the opposite direction."

There's always the long run. :wink:

Lev
by Levett
Fri Jul 10, 2015 6:06 am
Forum: Investing - Theory, News & General
Topic: John Bogle vs. the Bogleheads
Replies: 49
Views: 4009

Re: John Bogle vs. the Bogleheads

" This isn't a forum of little robots." But maybe this will become a site for robo-advisors! ;-) In any case, Jack Bogle is a wonderful teacher (May the Force Continue to Be With Him). But like any excellent teacher, he has prepared an intellectual foundation on which we must make our own ...
by Levett
Wed Jul 08, 2015 4:51 pm
Forum: Personal Consumer Issues
Topic: Provence Travel
Replies: 19
Views: 1407

Re: Provence Travel

My wife and I have done that trip with Road Scholar (Adventures Afloat), Gerry. We did it in reverse: Paris to Provence (with a focus on the Impressionists). In any case, it was outstanding in every respect--guides, food, wine, activities, people. We lucked out and were in Aix on Bastille Day. Enjoy...
by Levett
Wed Jul 08, 2015 10:34 am
Forum: Investing - Theory, News & General
Topic: China stocks crash: right out of Kindleberger's playbook
Replies: 63
Views: 6473

Re: China stocks crash: right out of Kindleberger's playbook

Talk about a command and control economy.

Malkiel's miracle. ;-)

Lev
by Levett
Tue Jul 07, 2015 6:35 pm
Forum: Personal Consumer Issues
Topic: Provence Travel
Replies: 19
Views: 1407

Re: Provence Travel

If you have time, head for Gordes. You won't regret it.

Lev
by Levett
Tue Jul 07, 2015 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Why US market is falling due to Greece crisis?
Replies: 14
Views: 1402

Re: Why US market is falling due to Greece crisis?

Stop the blame game, please.

The naivete displayed is astounding.

Lev
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: 11
Views: 2454

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: 84
Views: 6649

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: 34
Views: 3932

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: 3660

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: 3273

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: 2158

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: 2284

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: 22
Views: 4395

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: 3163

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: 1537

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: 72
Views: 8826

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: 3117

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: 14556

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: 943

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: 688

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: 2552

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: 6429

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: 987

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: 770

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: 987

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: 1042

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: 9132

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: 1750

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: 3254

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: 1170

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: 886

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: 1170

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?

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