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Re: 2015 net worth survey

Here is some actionable advice. Set your goals and execute your plan, whatever it may be.

Make it your plan, and avoid comparisons with anyone.

Lev
by Levett
Thu Apr 16, 2015 9:14 am
 
Forum: Personal Finance (Not Investing)
Topic: 2015 net worth survey
Replies: 20
Views: 2840

Re: Do you wish you retired earlier?

Nope.

It was the right time and I went out the right way and I've never looked back. :thumbsup

Lev
by Levett
Thu Apr 16, 2015 6:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you wish you retired earlier?
Replies: 28
Views: 3492

Re: Real Estate Crowdfunding

If you like trouble, you got it.

Check out the problems with private REITS for a clue.

Classic overreaching.

Lev
by Levett
Wed Apr 15, 2015 7:07 pm
 
Forum: Investing - Theory, News & General
Topic: Real Estate Crowdfunding
Replies: 16
Views: 1407

Re: Gifts to take to Scotland.

We had friends who lived in Juniper Green (outside of Edinburgh) for many years. Their favorite gift was American bourbon! And, of course, when they came to the U.S. our favorite gift was single malt Scotch. :thumbsup And, yes, there are safe containers for your luggage should you choose to bring a ...
by Levett
Wed Apr 15, 2015 7:54 am
 
Forum: Personal Consumer Issues
Topic: Gifts to take to Scotland.
Replies: 33
Views: 2064

Re: Getting married-do I really need a will?

Nisi wrote: " I think we systematically overestimate the probability that the older of two people will die first." That's been my observation over many years. I think many also assume that it's the children who will outlive their parents. Sadly, that's not what I've seen on several occasio...
by Levett
Mon Apr 13, 2015 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting married-do I really need a will?
Replies: 26
Views: 1987

Re: Household Gross Income Poll

Ron,

I'm gonna double your thumbs up for dodecahedron.

Two thumbs up for her wisdom plus two thumbs up for her humanity.

:thumbsup :thumbsup + :thumbsup :thumbsup

Lev
by Levett
Mon Apr 13, 2015 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12405

Re: Poll: do you own individual international stocks?

Hey. Looks like I am the first to vote!

I do not own a single individual stock since I retired. :thumbsup

Lev
by Levett
Sun Apr 12, 2015 6:01 am
 
Forum: Investing - Theory, News & General
Topic: Poll: do you own individual international stocks?
Replies: 25
Views: 1712

Re: Vanguard's "Robo Advisor" In Today's WSJ (04/07/15)

Ms. Risi rejects the notion of "robo." She says it's "hybrid." Maybe it's captcha. :wink:

Lev
by Levett
Tue Apr 07, 2015 4:25 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard's "Robo Advisor" In Today's WSJ (04/07/15)
Replies: 3
Views: 961

Re: "Is Morningstar Losing Relevance In An Indexing World?"

I open M* every morning.

There are some very bright posters at multiple sites, and they listen just as well as they speak.

I have no idea how indexing, as a topic, will displace the many discussions of finance and investing at Morningstar.

Lev
by Levett
Fri Apr 03, 2015 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: "Is Morningstar Losing Relevance In An Indexing World?"
Replies: 25
Views: 2389

Re: Bonds — The U.S. As a High-Yielding Country?

Your thoughts?

One (stolen from a Buttonwood commentary a week or two ago).

U.S. Treasuries offer "reward-free risk!" :wink:

Lev
by Levett
Thu Apr 02, 2015 3:18 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds — The U.S. As a High-Yielding Country?
Replies: 21
Views: 2247

Re: News article: Vanguard Bets Big on Financial Advice

Thank you for posting this highly informative piece, Barry.

It gives me a good feel for where Vanguard is heading.

Lev
by Levett
Thu Apr 02, 2015 6:35 am
 
Forum: Investing - Theory, News & General
Topic: News article: Vanguard Bets Big on Financial Advice
Replies: 24
Views: 3104

Re: Can consumers assess the value of life annuities?

" The short answer is NO! " I doubt you are surprised, Bob. The 401K mentality coupled with SWR silliness prevent lots of folks from even considering (not to say valuing) an income stream. The great push is for people to find the infamous "NUMBER," meaning a pile of money, rather...
by Levett
Wed Apr 01, 2015 5:54 am
 
Forum: Investing - Theory, News & General
Topic: Can consumers assess the value of life annuities?
Replies: 7
Views: 780

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: 44
Views: 5995

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: 1136

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: 2107

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: 139
Views: 13558

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: 2469

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: 4888

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: 4888

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: 3158

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: 3158

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: 4654

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: 2359

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: 648

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: 4654

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: 1697

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: 4344

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: 825

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: 3394

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: 1275

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: 2774

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: 2033

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: 2033

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: 385

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: 17743

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: 2033

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: 1561

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: 1813

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: 317

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: 4245

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: 23
Views: 2410

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: 6342

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: 4042

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: 3277

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: 6306

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: 1078

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: 3826

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: 4588

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: 2932

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: 1914
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