Search found 4033 matches

by Levett
Tue Jun 27, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tipping floor subcontractors?
Replies: 12
Views: 619

Re: Tipping floor subcontractors?

It's not a "should" case, no matter what the subcontractors are being paid.

If you feel like tipping because you liked their work, then do what you feel like doing.

Lev
by Levett
Mon Jun 26, 2017 4:17 pm
Forum: Personal Consumer Issues
Topic: Travel to Ireland and, hopefully, to Cambridge, England
Replies: 15
Views: 809

Re: Travel to Ireland and, hopefully, to Cambridge, England

It's a fast train from King's, Bob, and you will enjoy Cambridge. It's a magnificent university town, and if there are any concerts (instrumental or vocal) while you are there, go!

And do have coffee or tea and a pastry at Fitzbillies unless you are on a restricted diet. :D

Lev
by Levett
Thu Jun 22, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: [NY Times: Index fund evangelist is straying From His Gospel]
Replies: 32
Views: 3359

Re: Burton Malkiel the passive gospel?

"Evangelist." "conversion."

Holy cow.

The Second Coming, is it?

Lev
by Levett
Tue Jun 20, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Helping elderly Grandma with investing 270k - VTINX?
Replies: 26
Views: 1329

Re: Helping elderly Grandma with investing 270k - VTINX?

I have seen Alzheimers at work on the elderly in otherwise good health (especially women who tend to outlive men). Christine has given you excellent advice: " Ah, Alzheimers. My sympathies. Definitely lots of cash (more than 15k -- her care expense will only go up) and maybe $150k CDs. Plan for...
by Levett
Mon Jun 19, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Avoid taking Dividends?
Replies: 21
Views: 2189

Re: Avoid taking Dividends?

Thanks, 2015, for the Munger comments--really, really good stuff. :happy

Lev
by Levett
Fri Jun 16, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?
Replies: 11
Views: 555

Re: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?

"Let's say you liked the idea of this balanced fund, but wanted a 65/35 or 70/30 split."

But that's not what you originally said. :wink:

Lev
by Levett
Fri Jun 16, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?
Replies: 11
Views: 555

Re: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?

Gary,

If you are attracted to VBIAX, why would you want to approximate it?

Why not buy it?

(Perhaps I have missed something.)

Lev
by Levett
Wed Jun 14, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree needs help
Replies: 5
Views: 800

Re: Retiree needs help

You might be a candidate for Vanguard Personal Advisory Services, mainly to protect your younger spouse.

Lev
by Levett
Wed Jun 14, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Bought $31K Stocks Today: Am I Mad?
Replies: 32
Views: 3561

Re: Bought $31K Stocks Today: Am I Mad?

If your perspective is longer than a day or a month or even a year, you are sane.

Lev
by Levett
Wed Jun 14, 2017 2:01 pm
Forum: Investing - Theory, News & General
Topic: Is Inflation Dying of Old Age?
Replies: 82
Views: 6804

Re: Is Inflation Dying of Old Age?

Today's bond market response to a Fed hike (so far).

U.S. 10 Year 21/32 2.138
U.S. 30 Year 1 24/32 2.780

What inflation? ;-)

Lev
by Levett
Mon Jun 12, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard believes in active managment
Replies: 19
Views: 1497

Re: Vanguard believes in active managment

FYI, There is a link to a VG research paper (dated October 2015) attached to the link of the graphic that was posted. I'm not sure what the phrase "beat the market" encompasses, but the active funds, like the index funds, have their performance measured against relevant (in Vanguard's eyes...
by Levett
Mon Jun 12, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard believes in active managment
Replies: 19
Views: 1497

Re: Vanguard believes in active managment

One third of global AUM is in so-called "active." Vanguard does many things well (including keeping costs down in "active").
BH, as we know, is a discussion group.
VG is a company.
Big difference IMHO.

Lev
by Levett
Sat Jun 10, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: Is Inflation Dying of Old Age?
Replies: 82
Views: 6804

Re: Is Inflation Dying of Old Age?

I appreciate the post, Todd. It's a subject I have thought about, but not at your level of sophistication.

Thanks.

Lev
by Levett
Sat Jun 03, 2017 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Boglehead approved actively managed funds!
Replies: 28
Views: 2789

Re: Boglehead approved actively managed funds!

Dunno about Bogleheads, but here's Vanguard's list of "select funds."

https://investor.vanguard.com/mutual-fu ... nd-returns

Lev
by Levett
Fri Jun 02, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: Murphy's Law Of Retirement
Replies: 33
Views: 5184

Re: Murphy's Law Of Retirement

"It's only when markets enter a swift or sustained downturn that one comes to realization what goes up, can come down."

Man. Ain't that the truth!

Lev
by Levett
Thu Jun 01, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Future Retirement Plan
Replies: 46
Views: 3006

Re: Future Retirement Plan

KL, I was referring to the general rise of healthcare c os ts over my nearly 17 years of retirement. I have been into regular exercise (as well as competitive sports in younger years) since grade 4. This is surely helpful, but as I say to my internist: " Maybe I'll be the most fit corpse at the...
by Levett
Wed May 31, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Future Retirement Plan
Replies: 46
Views: 3006

Re: Future Retirement Plan

KF,

Sure hope that's a good number!

I retired at 58, nearly 17 years ago, but man oh man have healthcare costs climbed.

All the best.

Lev
by Levett
Wed May 31, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Future Retirement Plan
Replies: 46
Views: 3006

Re: Future Retirement Plan

The observation has been made: " you might have to add healthcare expenses to your 'number' (if you haven't already) to get a true picture of your yearly expenses." Absolutely! If you intend to retire at age 57, you had better factor in (rising) healthcare costs between age 57 and 65 (Medi...
by Levett
Sat May 27, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Third-party travel insurance, anyone?
Replies: 34
Views: 1977

Re: Third-party travel insurance, anyone?

The OP asked a very specific question: " Has anyone paid for or benefited from third-part travel insurance? " Some of us provided direct answers. Others saw fit to provide unsolicited lectures. Lev P.S. Trip cancellation insurance is part of the package called travel insurance. For us U. S...
by Levett
Sat May 27, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Third-party travel insurance, anyone?
Replies: 34
Views: 1977

Re: Third-party travel insurance, anyone?

With respect to Chase Sapphire Reserve, note that its trip cancellation insurance does not cover pre-existing conditions.

Other providers, such as AIG, will cover pre-existing conditions if the insurance is purchased within a defined narrow time frame.

Lev
by Levett
Sat May 27, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Third-party travel insurance, anyone?
Replies: 34
Views: 1977

Re: Third-party travel insurance, anyone?

Yes. And just recently with AIG.

We had a scheduled overseas trip next month, but my wife suddenly required surgery, and the doc declared any travel as "medically inadvisable."

AIG has been extremely responsive and prompt, and the claim has been settled for the entire cost.

Lev
by Levett
Fri May 26, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Financial Advice for a Widow
Replies: 21
Views: 2333

Re: Seeking Financial Advice for a Widow

" I wouldn't be so fast to pay off the mortgage. She may need the liquidity to make her move." I agree. There's not much liquidity there. And I sure wouldn't put her money into an SPIA (completely locked up), or a Managed Payout Fund, or with Betterment. In fact I think her FA has given he...
by Levett
Wed May 24, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: Lufthansa Premium Economy
Replies: 41
Views: 4622

Re: Lufthansa Premium Economy

This gentleman describes our experience with Lufthansa premium economy on the A-380.

http://flightsandfrustration.com/luftha ... my-review/

We would certainly do it again.

Lev
by Levett
Tue May 23, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: Zacks says sell Wellesley!?
Replies: 89
Views: 10185

Re: Zacks says sell Wellesley!?

Kinda surprising--click bait or not--that Wellesley's benchmarks have been overlooked. Benchmarks seem a basis for rational discussion. ;-) So, without further ado, here's Vanguard: * *Weighted 65% bonds and 35% stocks. For bonds: Lehman U.S. Long Credit AA or Better Bond Index through March 31, 200...
by Levett
Tue May 23, 2017 7:46 am
Forum: Investing - Theory, News & General
Topic: Zacks says sell Wellesley!?
Replies: 89
Views: 10185

Re: Zacks says sell Wellesley!?

I was unaware that Wellesley, to use a Dan Weiner term, was ever viewed as a "hot hand" fund.

Rumors of Wellesley's demise have been greatly exaggerated.

With $51.7 billion in assets, it appears its investors have stayed the course.

Lev
by Levett
Mon May 22, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Need advice from FF miles experts
Replies: 25
Views: 2137

Re: Need advice from FF miles experts

If you can find relatively inexpensive fares for shorter haul flights, I agree that hoarding for overseas flights that you intend to take makes a lot of sense.

Lev
by Levett
Sun May 21, 2017 7:07 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2715
Views: 764099

Re: What Movie Have You Recently Watched?

HBO movie--"The Wizard of Lies" (Bernie Madoff). Instructive. Fine work by De Niro.

Lev
by Levett
Fri May 19, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18667

Re: Why save so much for when you're old?

PJW nailed it!

"I am grateful to my younger self for making a set of financial decisions that have rendered my life easier, although not more luxurious, today. It's almost like receiving an inheritance, but nobody had to die in order for it to happen."

God bless. :D

Lev
by Levett
Wed May 17, 2017 7:19 pm
Forum: Personal Consumer Issues
Topic: should I tip repairman for TV?
Replies: 27
Views: 1723

Re: should I tip repairman for TV?

It's his job.

How did Americans become so dependent on tips?

It's absurd.

Lev
by Levett
Wed May 17, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2657

Re: Rich Retirees Are Hoarding Cash Out of Fear

There's another thread about this. You might look for it (or maybe it was locked, come to think of it).

It's only "actionable" for those of us who like to spend (prudently, of course!). :wink:

Lev
by Levett
Tue May 16, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2657

Re: Retirees afraid to spend? (Bloomberg)

I must be hanging out with the wrong crowd of retirees. I see no reluctance to spend. ;-)

Lev

P.S. A lot of this ground was recently covered by Meir Statman in a Wall Street Journal article, "The Mental Mistakes we make with Retirement Spending."
by Levett
Mon May 15, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Renting a small apartment vs buying a bigger home
Replies: 26
Views: 1611

Re: Renting a small apartment vs buying a bigger home

"Thoughts?"

Yes. Never underestimate happiness.

Lev
by Levett
Sat May 13, 2017 1:10 pm
Forum: Investing - Theory, News & General
Topic: "The long run is only longer than the short run, not safer"
Replies: 37
Views: 3492

Re: "The long run is only longer than the short run, not safer"

Random Walker observed: "I strongly believe we anchor on the highest value of our portfolios and the current value is always at risk." Sure seems that way. Any reader of Zwecher's book should look at his comments on "Murphy's Law of Timing Retirement." Now might be an especially ...
by Levett
Sun May 07, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: sump pump issue
Replies: 13
Views: 1375

Re: sump pump issue

SpringMan wrote:

"a water driven backup pump may be a better solution than a battery backup."

Couldn't agree more.

Lev
by Levett
Wed May 03, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing to Apartment
Replies: 25
Views: 3658

Re: Downsizing to Apartment

Wow.

For just an instant I thought sscritic was back.

Disappointed, for sure.

Lev
by Levett
Tue May 02, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs CREF Equity Index
Replies: 61
Views: 3393

Re: TIAA Real Estate vs CREF Equity Index

Page 11 current prospectus of TIAA Real Estate:

2008 -14.15%

2009 -27.64%

Assets were chopped in half, as I recall.

Lev
by Levett
Mon May 01, 2017 6:23 am
Forum: Local Chapters and Bogleheads Community
Topic: John Bogle's Legacy!
Replies: 19
Views: 3050

Re: John Bogle Will Pass Away Someday.

John Bogle will continue to teach us much about life (not just finance) for many years after he, like us, has moved on.

As long as he is not forgotten, he is alive, just as we will be in the eyes of those who care about us.

Lev
by Levett
Sun Apr 30, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with regret
Replies: 102
Views: 8984

Re: Dealing with regret

You are 40. By my lights, you are still a young person. It's easy--much too easy-- for any of us to say "get over it," despite the fact that we likely have some regrets. You've done well by facing up to your major regret. My advice: read up, as widely as you have time for, on regret and co...
by Levett
Wed Apr 26, 2017 6:23 pm
Forum: Investing - Theory, News & General
Topic: "When Holding is the Hardest Part"
Replies: 10
Views: 1714

Re: "When Holding is the Hardest Part"

Mr. Carson writes: "The obvious answer for most investors is to set a reasonable asset allocation, rebalance on occasion, and mostly do nothing the rest of the time. Holding can still become an issue with this strategy if you don’t set the correct allocation ahead of time or if you don’t have t...
by Levett
Tue Apr 25, 2017 4:36 am
Forum: Investing - Help with Personal Investments
Topic: understanding TIAA-CREF
Replies: 22
Views: 1519

Re: understanding TIAA-CREF

TIAA on "contingency reserves"-- " As an insurance company, TIAA is required to maintain contingency reserves to ensure that it will be able to fulfill its contractual obligations to policyholders, even in the face of unexpected adverse circumstances. However, to the extent that these...
by Levett
Tue Apr 25, 2017 4:30 am
Forum: Investing - Theory, News & General
Topic: Is AA steady state, or unsteady state?
Replies: 14
Views: 1126

Re: Is AA steady state, or unsteady state?

One's AA, like one's life, is only "steady state" in the Great Beyond.

Lev
by Levett
Mon Apr 24, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: understanding TIAA-CREF
Replies: 22
Views: 1519

Re: understanding TIAA-CREF

Actually, TIAA has an illustration that does not support the notion about the irrelevance of the amount of time invested, at least with respect to annuitants. https://www.tiaa.org/public/offer/products/annuities/retirement-plan-annuities/tiaa-traditional-annuity Scroll down to the link, "See mo...
by Levett
Mon Apr 24, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 20468

Re: Any regrets living a frugal life for high income/high networth individuals?

Meir Statman addresses the issue (for retirees) in today's Wall Street Journal ("The Mental Mistakes We Make with Retirement Spending"):

http://trueviralnews.com/the-mental-mis ... -spending/

Lev
by Levett
Sun Apr 23, 2017 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 10255

Re: Why are pensions revered, but annuities reviled?

naraicjul asked: " Can anyone point me to decent research papers comparing the merits of SPIAs with self-managed alternatives (using bonds, etc.)?" Yes, I can (with the proviso that every point of view, including my own, will have some stated and/or unstated behavioral bias because we are ...
by Levett
Sat Apr 22, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 10255

Re: Why are pensions revered, but annuities reviled?

And the OP might wish to read the original link of this thread.

viewtopic.php?t=214931

Lev
by Levett
Sat Apr 22, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 10255

Re: Why are pensions revered, but annuities reviled?

gd wrote:

"This is a DIY crowd."

Yep.

And it leads, inevitably, to adopting some strategies/products and rejecting others.

Lev
by Levett
Sat Apr 22, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 10255

Re: Why are pensions revered, but annuities reviled?

I don't think the OP missed anything. His query clearly identifies SPIAs--e.g., " It seems to me that upon retirement, converting some portion of your retirement account into an single-premium immediate annuity (SPIA) is for all practical purposes the same thing as retiring with a pension."...
by Levett
Mon Apr 03, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Did you and your spouse have different opinions on retirement income need?
Replies: 31
Views: 2605

Re: Did you and your spouse have different opinions on retirement income need?

No friction. Independent careers. Retirement at different times. His, hers, ours. Ain't rational love grand?! :happy

Lev

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