Washington DC Area Bogleheads

[AzWDC]

Hi Washingtonians -
Are we having a chapter meeting Sunday May 20th?
ps this is my first post, but I did meet you all in January.
AzWDC

[bobcat2]

Hi Washingtonians -
Are we having a chapter meeting Sunday May 20th?
ps this is my first post, but I did meet you all in January.
AzWDC

Yes - We are meeting this coming Sunday May 20 at 2 PM at the usual place. Many previous posts on this thread have directions for getting to the Washington Plaza Hotel by car or Metro.

If you join the local group we send out two emails to local group members the week before the meeting informing everyone about the meeting. You can join the local group at the following link.
http://finance.dir.groups.yahoo.com/group/DCAreaDiehards/?v=1&t=directory&ch=web&pub=groups&sec=dir&slk=4

At this point there are no specific topics. If you have topic suggestions you can post them here, or at the DC Diehards page.

BobK

[bobcat2]

We are meeting this coming Sunday July 15 at 2 PM at the usual place. Many previous posts on this thread have directions for getting to the Washington Plaza Hotel by car or Metro.
Link to directions.
http://www.bogleheads.org/forum/viewtopic.php?f=9&t=831&p=1230540&hilit=vermont#p1230540

If you join the local group we send out two emails to local group members the week before the meeting informing everyone about the meeting. You can join the local group at the following link.
http://finance.dir.groups.yahoo.com/group/DCAreaDiehards/?v=1&t=directory&ch=web&pub=groups&sec=dir&slk=4

At this point there are no specific topics. If you have topic suggestions you can post them here, or at the DC Diehards page.

BobK

[Rager1]

To all DC Area Bogleheads,

Starting with our next local Bogleheads meeting (September 16, 2012) the time will change to 1 - 3PM, instead of 2 - 4PM.

After our July 15, 2012 meeting, the restaurant manager asked if we could move our starting time one hour earlier to allow them enough time, after we leave, to set up for their dinner crowd.

So, all of our future local DC Area Bogleheads meetings, will be from 1PM to 3PM, instead of 2PM to 4PM. The location will remain the same:

Washington Plaza Hotel
10 Thomas Circle, NW
Washington, DC 200005
(In the back part of the restaurant).

Remember, we meet on the third Sunday of every odd-numbered month.

Ed

[VictoriaF]

We have received some misleading calendar invitations for the next D.C. Bogleheads meeting. The meeting will take place on Sunday, 16 September, 1pm-3pm (time change from before).

Victoria

[bobcat2]

Victoria is right. Our Sunday meetings will no longer be from 2-4, but from now on will be from 1-3. This is at the request of the manager of the restaurant who needs the period from 3:30 - 5:00 to prepare the restaurant for the evening meal. Also the blizzard of erroneous calendar notifications should have stopped since Yahoo Groups has upgraded the calendar function since July. At least I hope they have stopped. But the change over has not exactly been glitch free.

The first part of this Sunday's meeting will be devoted to two informative presentations made at the 2012 Retirement Research Consortium (RRC) Conference held in early August in downtown Washington. Nobel Laureate Robert Merton's presentation on best practices for household retirement planning and Sita Slavov's presentation on deciding if and how long you should delay taking Social Security benefits.

Here is a link to Merton's presentation slides. https://www.nber.org/programs/ag/rrc/rrc2012/slides/Merton%20Presentation.pdf

Here is a link to Sita Slavov's presentation slides. https://www.nber.org/programs/ag/rrc/rrc2012/slides/Slides%203.3.pdf

Here is a link to a summary of the Slavov and Shoven paper.
https://www.nber.org/programs/ag/rrc/rrc2012/summaries/3.3%20Shoven,%20Slavov.pdf

I think reviewing and discussing these presentations will be both very interesting and very informative.

Note to those who haven't been to prior meetings - We meet in the back of the restaurant of the Washington Plaza Hotel, 10 Thomas Circle NW, Washington, DC. The hotel entrance is on Vermont Avenue on the northeast side of Thomas Circle. Thomas Circle is the intersection of Massachusetts Avenue, 14th Street, Vermont Avenue, and M Street in NW Washington.

BobK

[Dealmaster00]

cool - i think pittsburgh area bogleheads should start a similar meetup! i suppose being a newer boglehead should not make me hesitate to organize such an event..

edit - oh, i see this is a dedicated forum for this (just saw on frontpage). replied to pgh chapter topic

[SGM]

BobK,
Good meeting. I have a much better understanding of Merton's presentation.

Some DC Bogleheads may be interested in a presentation on Oct 20 from 930-1200 "Securing your Lifetime Income Stream," at the Alexandria Va Marriot Courtyard by Robert Carlson of the Retirement Watch website . It is not a freebee and will cost from $28-$38 depending when you register. the talk is sponsored by Better Investing ( mag of NAIC) and AAII. He is currently chairman of the Bd of Trustees of the Fairfax County Employee's Retirement System which has $3 billion in assets. It is the Saturday after the BH meeting in Philadelphia.

I do not know much about him, but one of his books is in a bibliography in the Wiki. Any feedback is welcome.

[VictoriaF]

BobK,

Thank you for a fantastic presentation!

Victoria

[baw703916]

BobK,

Thank you for a fantastic presentation!

Victoria

I agree!

[bobcat2]

Thanks guys,

Here's a video of Merton giving a very similar talk at MIT last year. This talk covers more than his talk in DC last month. So you can start at the 16 minute mark to see the part that's very similar to his DC presentation. This presentation isn't as long as it looks, because people at MIT asked lots of questions after Merton's presentation.

Link. http://video.mit.edu/watch/lunch-and-keynote-address-the-future-of-finance-6878/


And here is a link to the Squared Away blog at the Boston College Center for Retirement Research. Lot's of good short articles on retirement including summaries of many of the presentations made at the Retirement Research Consortium Conference last month.
http://fsp.bc.edu/squared-away-blog/

Given the quality of the material being covered, it would have been hard to screw up today's presentation.

BobK

[VictoriaF]

We are having the next meeting this Sunday, 18 November 2012, same place, recently changed time (1300-1500).

BobK (bobcat2),
Are you planning to come to this meeting? If yes, can we discuss your recent post Things I learned about finance this year? Your four learned/reviewed topics are as follows:

1) Real life annuities allow one to price retirement.
2) The level of real interest rates is of critical importance when making household financial decisions.
3) Being willing to concede retirement outcomes at the high end of your distribution of investment outcomes can buy you a lot in terms of meeting your retirement income goal.
4) The probability of being alive in a given retirement year is an important consideration when deciding how much to plan to spend in a given retirement year.

I would like to get clarification on #3, i.e., whether this only implies buying an SPIA, or there is more to it? As for #4, considering that the probability of surviving at each advancing age is decreasing, how practically to reflect it in one's financial planning? This also seems at odds with #3, i.e., if in the extreme one transfers all assets into real income, then there is no difference between the age of 79 and the age of 99.

I also expect that once we start discussing these topics, many other interesting comments will come up.

Thanks,
Victoria

[bobcat2]

1) Real life annuities allow one to price retirement.
2) The level of real interest rates is of critical importance when making household financial decisions.
3) Being willing to concede retirement outcomes at the high end of your distribution of investment outcomes can buy you a lot in terms of meeting your retirement income goal.
4) The probability of being alive in a given retirement year is an important consideration when deciding how much to plan to spend in a given retirement year.

I would like to get clarification on #3, i.e., whether this only implies buying an SPIA, or there is more to it?
I also expect that once we start discussing these topics, many other interesting comments will come up.

Thanks,
Victoria

Hi Victoria,
I plan to be there tomorrow. I have felt all along that #3 is at least as important as the other three points, but that it in addition is the hardest point for most people to understand - and that includes me.

Bob

[BornInCA]

I don't know if the person who posed the question for his personal financial situation in the last meeting has read the link below:
https://personal.vanguard.com/us/insigh ... ing-112012

Perhaps, he knows all this already and maybe even read it but just posting for others' reference.

[BornInCA]

was there a meeting in Jan already? I assume the next one will be in march, right?

[VictoriaF]

was there a meeting in Jan already? I assume the next one will be in march, right?

Right, on 17 March.

Victoria

[baw703916]

Right, on 17 March.

Victoria

I guess we should wear green?

Brad

[VictoriaF]

Right, on 17 March.

Victoria

I guess we should wear green?

Brad

Right. But there will also be crowds. Do you think Bob K may change the date as he did with the Inauguration?

Victoria

[Rager1]

Right, on 17 March.

Victoria

I guess we should wear green?

Brad

Right. But there will also be crowds. Do you think Bob K may change the date as he did with the Inauguration?

Victoria

We discussed this at the January meeting and decided to keep the March 17 meeting as scheduled.

Hope to see you both on St. Patricks Day.

Ed

[VictoriaF]

We discussed this at the January meeting and decided to keep the March 17 meeting as scheduled.

Hope to see you both on St. Patricks Day.

Ed

Thank you, Ed. See you in March,

Victoria

[bobcat2]

Our next meeting is scheduled for 1-3 PM, Sunday, March 17, in the back of the restaurant of the Washington Plaza Hotel, 10 Thomas Circle NW, Washington, DC. The hotel entrance is on Vermont Avenue on the northeast side of Thomas Circle. Thomas Circle is the intersection of Massachusetts Avenue, 14th Street, Vermont Avenue, and M Street in NW Washington.

Here is a link to a post with directions to the hotel.
http://www.bogleheads.org/forum/viewtopic.php?f=9&t=831&p=1338234&hilit=diehards#p1276954

I am preparing two short topic presentations.

The first is on the long-term return of stocks and bonds globally since 1900.

The second has two parts. The first part is on the worth of Social Security and Medicare benefits to typical recipients. The second part is an analysis of the value of different Social Security benefit delay strategies depending on the level of real interest rates and how long you expect to receive benefits.

If you have additional topic suggestions you can post them here, or at the DC Diehards page on Yahoo.

BobK

[BornInCA]

any referrals to some good CPAs/tax advisors would be helpful

thanks in advance!!!

[bobcat2]

Our next meeting is scheduled for 1-3 PM, Sunday, May 19, in the back of the restaurant of the Washington Plaza Hotel, 10 Thomas Circle NW, Washington, DC. The hotel entrance is on Vermont Avenue on the northeast side of Thomas Circle. Thomas Circle is the intersection of Massachusetts Avenue, 14th Street, Vermont Avenue, and M Street in NW Washington.

Here is a link to a post with directions to the hotel.
http://www.bogleheads.org/forum/viewtopic.php?f=9&t=831&p=1338234&hilit=diehards#p1276954

If you have topic suggestions you can post them here, or at the DC Diehards page on Yahoo.

BobK

[BornInCA]

what happened to the posts since the last meeting (May 2013)?

[LadyGeek]

Posts made on May 19th (when you had the meeting), are gone due to a server problem. They'll need to be reposted, sorry.

See: reloaded [Forum and wiki were offline]

[Rager1]

Here's a repost of the link to the Frontline Program that we discussed at the May 19 meeting.

http://www.pbs.org/wgbh/pages/frontline ... nt-gamble/

It's quite an eye opener!

Ed

[BornInCA]

Reposted links:
Scottevest
Missile Guidance System -- scroll down close to the bottom and download "guidance.wav" file. I think it's funnier when you hear it than when you read it

[Laura]

When is the next meeting?

Laura

[VictoriaF]

When is the next meeting?

Laura

Sunday, 21 July. Hope you can make it,

Victoria