Search found 175 matches

Return to advanced search

Re: TIAA-CREF is buying Nuveen?

I certainly don't feel much like much of a "master" in TIAA-CREF, given the much higher expense ratio associated with their index funds. If TIAA-CREF had billions of dollars in free cash sloshing around available to buy an unprofitable and highly leveraged Nuveen, they could have used tha...
by lhl12
Tue Apr 15, 2014 9:53 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA-CREF is buying Nuveen?
Replies: 44
Views: 2420

How is it possible for TIAA-CREF to buy Nuveen?

[Thread merged, see below. --admin LadyGeek] Today TIAA-CREF announced that it would be purchasing Nuveen from Madison Dearborn (a private equity firm) for $6.25 billion, including the assumption of $4.5 billion of existing debt. ($6.25 billion - $4.5 billion) = $1.75 billion. This means that at th...
by lhl12
Mon Apr 14, 2014 9:56 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA-CREF is buying Nuveen?
Replies: 44
Views: 2420

Re: reading advice for an ambitious woman in her early 20s?

While it's not directly related to personal finance, I'd also recommend "Lean In" by Sheryl Sandberg. It's very interesting and thought-provoking for a career-minded young woman just starting out.
by lhl12
Mon Apr 07, 2014 6:46 pm
 
Forum: Personal Consumer Issues
Topic: reading advice for an ambitious woman in her early 20s?
Replies: 32
Views: 2259

Re: reading advice for an ambitious woman in her early 20s?

BL wrote:I think Jane Bryant Quinn is worth having around for a reference book on personal finance:
http://www.amazon.com/Making-Most-Your-Money-Now/dp/0743269969/ref=sr_1_1?s=books&ie=UTF8&qid=1396319859&sr=1-1&keywords=jane+bryant+quinn


+1 on JBQ - a terrific reference.
by lhl12
Mon Apr 07, 2014 6:43 pm
 
Forum: Personal Consumer Issues
Topic: reading advice for an ambitious woman in her early 20s?
Replies: 32
Views: 2259

Re: Job chg, IRA to 401k, already made contribution, now wha

If she doesn't want a Roth IRA, can she reverse the contribution as if it had never been made? The account is at Vanguard. Also, her 2014 contribution is commingled with her prior year deductible contributions, so I'm not sure how you could calculate the income on the $6500.
by lhl12
Sun Apr 06, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job chg, IRA to 401k, already made contribution, now what?
Replies: 5
Views: 178

Job chg, IRA to 401k, already made contribution, now what?

A family member, over 50, worked for several years for a company that offered no retirement plan. So, she made a maximum deductible IRA contribution in January of each year, including 2014. Recently, she was offered a better job with another company, which she accepted. She stopped work at the old e...
by lhl12
Sun Apr 06, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job chg, IRA to 401k, already made contribution, now what?
Replies: 5
Views: 178

Re: What are voting rights worth?

I'm not sure why you believe voting shares where one shareholder has control would trade at parity to the non voting shares. There is quite a lot of precedent for voting shares to receive a premium when a company gets sold, regardless of whether a single shareholder controls the voting class or not....
by lhl12
Fri Apr 04, 2014 12:38 am
 
Forum: Investing - Theory, News & General
Topic: What are voting rights worth?
Replies: 9
Views: 906

Re: Mr. Money Mustache: Hero or Foolish?

His blog was my motivation to buy a bike.. "it's ludicrous to drive a massive, gas guzzling suv across town to work out on a treadmill, while watching. Get on your bike, walk, get moving. An ex-co-worker told me about a guy who rode his bicycle to work every day. He was doing that one morning ...
by lhl12
Mon Mar 31, 2014 3:36 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 225
Views: 23736

Re: Mr. Money Mustache: Hero or Foolish?

I am a fan as well. I haven't implemented many of his suggestions, but I find his perspective refreshing as well as being a great reference point for the dangers (and seductions) of consumerism in our society.
by lhl12
Mon Mar 31, 2014 11:24 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 225
Views: 23736

Re: Were These Investment Advisors Lying or Incompetent?

I don't know if your synagogue has a Director of Development but if they do, you might consult with him/her about this topic as well. The job of the Director of Development is to raise money from other congregants, both for current (annual) use and for long term endowment. Endowment gifts are the mo...
by lhl12
Sat Mar 29, 2014 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Were These Investment Advisors Lying or Incompetent?
Replies: 90
Views: 5885

Re: Were These Investment Advisors Lying or Incompetent?

There are investment consulting firms who specialize in advising committees of this sort. They aren't perfect, but they tend to be a lot better (as well as much less expensive and much less conflicted) than firms like Morgan Stanley. They act as a disinterested advisor as well as outsourced staff to...
by lhl12
Fri Mar 28, 2014 10:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Were These Investment Advisors Lying or Incompetent?
Replies: 90
Views: 5885

Re: Implementing David Allen's Getting Things Done (GTD)

Anyone used this book? It appeared in Amazon.com as a title Often Bought Together With the other Outlook-based book and GTD. The 4th Edition addresses up to and including Outlook 2013: Total Workday Control Using Microsoft® Outlook by Michael Linenberger http://www.amazon.com/Total-Workday-Control-...
by lhl12
Mon Mar 24, 2014 8:01 am
 
Forum: Personal Consumer Issues
Topic: Implementing David Allen's Getting Things Done (GTD)
Replies: 45
Views: 4191

Re: Implementing David Allen's Getting Things Done (GTD)

For those who are Outlook based, +1 for the recommendation for "Take Back Your Life" from McGhee Productivity. We implemented this firm wide and it definitely helps make Outlook more usable for task management. It's not perfect, but is a big improvement.
by lhl12
Mon Mar 24, 2014 7:58 am
 
Forum: Personal Consumer Issues
Topic: Implementing David Allen's Getting Things Done (GTD)
Replies: 45
Views: 4191

Re: Not depending on investments for retirement.

I don't want to get too political, but public sector pensions are not 100% guaranteed. Just look at Detroit. While this point is a valid one, I would just note that there is a significant difference between pension obligations of cities/towns/counties/municipalities and those of the fifty sovereign...
by lhl12
Fri Mar 14, 2014 4:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Not depending on investments for retirement.
Replies: 26
Views: 2456

Re: The Great 100 thousand dollar pension question.

Detroit's pensions costs weren't one of the primary causes of its bankruptcy. While they were significant, Detroit's financial distress was primarily caused by a massive collapse of property values and exodus of population and the resulting hits on its revenue. The pension funds actually have highe...
by lhl12
Sun Mar 02, 2014 10:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6154

Re: The Great 100 thousand dollar pension question.

I agree that this seems like a phenomenal deal, and you should jump at it. The fact that it is so clearly beneficial to you, and such an obvious choice, means that it is a terrible deal for the persons on the other side of the trade -- the taxpayers of the state of LA. If I were one of them, I would...
by lhl12
Sun Mar 02, 2014 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6154

Re: Fee Only Planner for Parents in Boston Area

My father-in-law had a decent experience with these folks: www.montisfinancial.com

I have no idea how good they are, but maybe worth adding to whatever list you compile?
by lhl12
Tue Feb 25, 2014 4:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fee Only Planner for Parents in Boston Area
Replies: 14
Views: 781

Re: Local college invests 56% of assets in "alternatives"

Institutional investors of this sort have three significant advantages over individual investors that might make investments of this sort appropriate: they pay no taxes on investment returns, they have an infinite life investment horizon, and they have sufficient scale to hire full-time professional...
by lhl12
Mon Feb 24, 2014 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Local college invests 56% of assets in "alternatives"
Replies: 16
Views: 1250

Re: How best to negotiate "in service rollover" feature?

placeholder wrote:Is the friend at age 59-1/2 yet because the plan can't offer anything illegal.


Not yet, but will be soon.
by lhl12
Mon Feb 24, 2014 8:15 am
 
Forum: Personal Finance (Not Investing)
Topic: How best to negotiate "in service rollover" feature?
Replies: 6
Views: 497

How best to negotiate "in service rollover" feature?

A friend's publicly traded company is in the process of switching its 401K provider from someone I've never heard of to Wells Fargo. While the company is publicly traded, it is fairly small - several hundred US employees. The old provider did not offer "in service rollover" capability in i...
by lhl12
Sun Feb 23, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How best to negotiate "in service rollover" feature?
Replies: 6
Views: 497

Re: How to Increase Charitable Giving?

An alternate form of giving, which is not strictly charitable but which is also aimed at increasing the public good, is political giving. It is not tax deductible, but it is meaningful for the electoral efforts of those candidates whose views and policies are similar to your own. Perhaps political g...
by lhl12
Sun Feb 23, 2014 2:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Increase Charitable Giving?
Replies: 26
Views: 1409

Re: How to invest $1.4 mil inheritance?

So, based on this line of thinking, perhaps we should take $300-400K of the inheritance and put in a tax free bond fund (Vanguard Intermediate tax free bond fund), and invest the rest (~$900K) in the stock market (25% Vanguard international index, 75% Vanguard total stock market index). If you're i...
by lhl12
Fri Feb 21, 2014 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: How to invest $1.4 mil inheritance?
Replies: 74
Views: 7468

Re: Please Help a 36 Yr Old With $7m+ Portfolio

Hello Everyone, To clarify about the wealth management, the reason I chose them was because they aren't really financial advisors who just broker you out to various funds. They are certified portfolio managers and most of our equity and bond holdings are individual positions. Having said that, we d...
by lhl12
Mon Feb 17, 2014 2:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please Help a 36 Yr Old With $7m+ Portfolio
Replies: 66
Views: 10464

Re: Question on Charitable Foundation

Hi Everyone, I'm not sure where to post this question. I also hope that I'm not violating forum rules by asking. Here is the background of my question: Upon the death of the company's owner, the corporation will turn into a foundation. A charitable foundation. This is because the owner has no child...
by lhl12
Fri Feb 07, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question on Charitable Foundation
Replies: 5
Views: 350

Re: Receiving email when someone posts on my thread?

gtt561 wrote:Does this site offer the ability to email me when someone comments on a thread I started? I never know when someone posts an answer to my dilemmas. Thanks


+1 - would love this capability
by lhl12
Fri Feb 07, 2014 12:47 pm
 
Forum: Forum Issues and Administration
Topic: Receiving email when someone posts on my thread?
Replies: 9
Views: 674

Re: $10+ M, age 49, seeking wisdom regarding retirement

My instinct is that if you're as worried as you are about your son not seeing his dad go off to work each day, and if your wife is working regardless, then you are probably enough of a driven person that you don't have to worry about setting a bad example for him, especially if you are open and hone...
by lhl12
Wed Feb 05, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: $10+ M, age 49, seeking wisdom regarding retirement
Replies: 58
Views: 7084

Re: What credit cards do you recommend?

tbradnc wrote:Doesn't the Fidelity Visa kick up to 2% after $15k in charges?


Yes, it does. For anyone who spends more than $15K/year on the Fidelity Visa, it is economically equivalent to a card that gives 2.0% cash back beginning at the first dollar of spending, but with a $75 annual fee.
by lhl12
Wed Feb 05, 2014 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: What credit cards do you recommend?
Replies: 78
Views: 6657

Re: Annual gifting to children

We realize that we could gift up to $28K to each, but because we do not know for sure how responsible they will be, we decided to start with the $14K gifted to each son (and documenting the gift as only to our children, in case of a divorce). I think you are asking for trouble by driving a wedge be...
by lhl12
Thu Jan 30, 2014 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Annual gifting to children
Replies: 30
Views: 2902

Re: Why is hedge fund performance positive at all?

Hedge funds returned an average of 6 or 7% last year. But if hedge funds are truly the absolute-return, market-neutral funds they purport themselves to be, why do they ever have a positive return? Shouldn't we expect a zero return before costs, and a negative return after costs? Where, exactly, is ...
by lhl12
Sat Jan 25, 2014 9:36 am
 
Forum: Investing - Theory, News & General
Topic: Why is hedge fund performance positive at all?
Replies: 8
Views: 655

Re: Why is hedge fund performance positive at all?

Market neutral is just one of many hedge fund objectives. I suspect that it is a small minority of hedge funds that purport to be market neutral. Correct. The term "hedge fund" is so broad as to be meaningless. It is more correct to think of hedge funds as a legal structure and a fee stru...
by lhl12
Sat Jan 25, 2014 9:26 am
 
Forum: Investing - Theory, News & General
Topic: Why is hedge fund performance positive at all?
Replies: 8
Views: 655

Re: El-Erian out at Pimco - WSJ

No, it means that Bill Gross isn't willing to step down so that El-Erian can be the big boss.
by lhl12
Tue Jan 21, 2014 5:48 pm
 
Forum: Investing - Theory, News & General
Topic: El-Erian out at Pimco - WSJ
Replies: 28
Views: 3194

Combining a Traditional IRA, a SIMPLE IRA and a 401k

A friend of mine has a Traditional IRA from early in his career. He recently started a new job that provided a SIMPLE IRA, which he began funding in 2013. His employer is converting the SIMPLE IRA to a 401k as of 1/1/14. All three programs have good investment options - either Vanguard or Fidelity S...
by lhl12
Mon Jan 13, 2014 5:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Combining a Traditional IRA, a SIMPLE IRA and a 401k
Replies: 4
Views: 210

Re: Best Calender App For the Ipad???

I tried several different ones under iOS 6. When iOS 7 was released, I switched back to the standard Apple one, which I think improved meaningfully in iOS 7.

If you want integrated calendaring and task management, however, you should look at Pocket Informant, which I think is also quite good.
by lhl12
Mon Jan 06, 2014 4:16 pm
 
Forum: Personal Consumer Issues
Topic: Best Calender App For the Ipad???
Replies: 4
Views: 369

Re: Boglehead help in charitable giving

I have consulted with several different tax and estate planning experts about the cost/benefit analysis of a private foundation vs. a donor advised funds. In particular, I asked what the minimum efficient scale was for a private foundation to make sense economically (i.e. for legal and accounting ex...
by lhl12
Mon Jan 06, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Boglehead help in charitable giving
Replies: 23
Views: 1434

Re: 1st Time Investor--Fidelity or Vanguard?

One other benefit of Fidelity is their cash back Visa and Amex cards, which deposit a 1.5-2.0% rebate directly into your account each month. Not a reason to pick one over the other, but if it's a tie, this would bring me down on the side of Fidelityy.
by lhl12
Sat Jan 04, 2014 10:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: 1st Time Investor--Fidelity or Vanguard?
Replies: 60
Views: 5308

Re: How much value does the financial industry create?

The financial industry creates enormous value. It allows corporations and individuals of all varieties to access debt and equity capital to build their businesses, buy their homes, create inventions, etc., etc., at lower cost than would be possible without it. The reason all the people who work at b...
by lhl12
Thu Jan 02, 2014 11:33 am
 
Forum: Investing - Theory, News & General
Topic: How much value does the financial industry create?
Replies: 9
Views: 1287

Re: Bogleheads favorite Task management App?

Microsoft Outlook, together with McGhee Productivity Solutions "Take Back Your Life" productivity system -- highly recommended.
by lhl12
Thu Dec 19, 2013 1:05 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads favorite Task management App?
Replies: 17
Views: 1354

Re: Looking for Boglehead John Edwards

I think he's out setting up a bunch of 529's
by lhl12
Mon Dec 16, 2013 9:48 pm
 
Forum: Investing - Theory, News & General
Topic: Looking for Boglehead John Edwards
Replies: 7
Views: 1564

Re: Capital One Quicksilver: 1.5% reward, thoughts?

Note that the Fidelity VISA, which gives 1.5% on the first $15,000 of charges and then 2.0% thereafter, is economically equivalent to a VISA card that gives unlimited 2.0% cash back beginning with the first dollar spent, but with a $75 annual fee. No, it isn't economically equivalent. Lots of peopl...
by lhl12
Wed Nov 27, 2013 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital One Quicksilver: 1.5% reward, thoughts?
Replies: 91
Views: 7329

Re: Capital One Quicksilver: 1.5% reward, thoughts?

Note that the Fidelity VISA, which gives 1.5% on the first $15,000 of charges and then 2.0% thereafter, is economically equivalent to a VISA card that gives unlimited 2.0% cash back beginning with the first dollar spent, but with a $75 annual fee.
by lhl12
Mon Nov 25, 2013 9:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital One Quicksilver: 1.5% reward, thoughts?
Replies: 91
Views: 7329

Re: Capital One Quicksilver: 1.5% reward, thoughts?

Anyone out there have any experience with the Capital One Quicksilver credit card? 1.5% reward on all purchases, no limits. Thoughts? At 1.5% flat cash back, the Capital One Quicksilver is indeed the best VISA rewards card out there right now. Not true. The Fidelity VISA gives 2.0% cash back on all...
by lhl12
Sun Nov 24, 2013 10:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital One Quicksilver: 1.5% reward, thoughts?
Replies: 91
Views: 7329

Re: Very Early Retirement: SWR, Annuities & Questions..

You need to think hard about what you want your estate plan to be before settling on a SWR. If you want to leave a meaningful amount of money to your kids (whether in trust or otherwise) then you have a huge opportunity to take advantage of the current large unified credit of up to $5 million (from ...
by lhl12
Sun Nov 24, 2013 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Very Early Retirement: SWR, Annuities & Questions..
Replies: 72
Views: 3429

Re: how to hedge against increasing interest rate

One way to hedge against rising interest rates is to maximize your long term fixed rate debt. In other words, borrow as much as possible against your home with a 30 year fixed rate mortgage, taking as much cash out as possible. Then when interest rates rise, you can invest the loan proceeds in long ...
by lhl12
Thu Nov 21, 2013 10:50 pm
 
Forum: Investing - Theory, News & General
Topic: how to hedge against increasing interest rate
Replies: 11
Views: 1051

Re: Moving to Dallas, TX

While it may not be relevant in the very near term, it is worth noting that political power nationally is steadily shifting to Texas. There are a fixed number of Congressional seats in the House of Representatives (435) and a fixed number of Electoral Votes that get allocated among the 50 states and...
by lhl12
Thu Nov 14, 2013 11:18 am
 
Forum: Personal Consumer Issues
Topic: Moving to Dallas, TX
Replies: 76
Views: 5360

Re: Vanguard National Trust Company?

Apologies - my post was unclear. I had read those two posts earlier in the thread. What I was hoping for from someone was a clear and concise explanation of Northern's fee structure, in the same format as all the others. I think it is very helpful to see all the competitors laid out in the same way ...
by lhl12
Wed Nov 13, 2013 6:28 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard National Trust Company?
Replies: 84
Views: 16159

Re: Vanguard National Trust Company?

If anyone has experience with Northern Trust in this context, I would love to hear about it. I thought they were a significant player, with a fairly strong emphasis on passive, indexed funds, so I'm surprised not to have heard more about them.
by lhl12
Thu Nov 07, 2013 10:27 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard National Trust Company?
Replies: 84
Views: 16159

Re: Baidu spider crawling this site?

Peculiar_Investor wrote:Even the spiders and bots that visit Bogleheads are indexers. 8-)


Outstanding!
by lhl12
Fri Oct 25, 2013 8:05 am
 
Forum: Forum Issues and Administration
Topic: Baidu spider crawling this site?
Replies: 19
Views: 3123

Re: Boglehead Wisdom on Family Will & Inheritance

Is there any chance you could persuade your father and sister to go with you to see a family therapist for a few sessions? It sounds like you are all still hurting terribly from your mother's death and that some help with the grieving process might help you all move forward. If you can get past that...
by lhl12
Thu Oct 17, 2013 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Boglehead Wisdom on Family Will & Inheritance
Replies: 19
Views: 1965

Massachusetts estate tax reduction strategy

Assume a 79 year old single woman, resident in Massachusetts, with a net worth of $1.8 million. Further assume multiple children, to whom she wishes ultimately to maximize the inheritance she leaves. Federal estate taxes are not an issue, but I believe Massachusetts estate taxes are. In particular, ...
by lhl12
Sat Oct 12, 2013 7:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Massachusetts estate tax reduction strategy
Replies: 3
Views: 574
Next

Return to advanced search