Search found 3841 matches

by Levett
Tue Aug 23, 2016 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: SSA MANDATORY cell phone based multifactor authentication [now RESCINDED]
Replies: 168
Views: 13007

New Social Security notice

The following arrived in my email at 415 pm EDT: "On July 30, 2016, we began requiring you to sign into your my Social Security account using a one-time code sent via text message. We implemented this new layer of security, known as "multifactor authentication," in compliance with a P...
by Levett
Mon Aug 22, 2016 10:30 am
Forum: Personal Consumer Issues
Topic: Please, please advise...Health insurance terminated by insurance company
Replies: 40
Views: 2341

Re: Please, please advise...Health insurance terminated by insurance company

littlebird has given you the best advice--e.g., " You say you spoke to healthcare.gov. Did you speak to a local Navigator? I searched for Navigators for my state and there are multiple social service agencies still involved. Perhaps one or more may now have experience untangling post-sign up sn...
by Levett
Sun Aug 21, 2016 7:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard seeks SEC relief for US active ETFs:
Replies: 12
Views: 1103

Re: Vanguard seeks SEC relief for US active ETFs:

"Vanguard should instead be working on their customer service, which has gone down hill since they took in a glut of new money to manage. "

Yes.

Lev
by Levett
Sun Aug 21, 2016 5:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard seeks SEC relief for US active ETFs:
Replies: 12
Views: 1103

Re: Vanguard seeks SEC relief for US active ETFs:

I just wish Vanguard's urge to gather assets matched its capacity to deliver first-rate service.

Lev
by Levett
Sun Aug 21, 2016 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Rick Ferri Portfolio Review
Replies: 27
Views: 2795

Re: Rick Ferri Portfolio Review

A nice crisp explanation from Rick Ferri, Certified Financial Vagabond! :wink:

Hope you are having the time of your life, Rick. Well deserved.

Lev
by Levett
Thu Aug 18, 2016 7:22 am
Forum: Personal Consumer Issues
Topic: Book - Criticism of behavioral economics.
Replies: 18
Views: 1814

Re: Book - Criticism of behavioral economics.

You might be interested to know that Daniel Kahneman--the man himself--takes issue with how the term "behavioral economics" has been deployed. Kahneman prefers the term "behavioral science." http://www.thedailybeast.com/articles/2013/04/26/daniel-kahneman-s-gripe-with-behavioral-...
by Levett
Wed Aug 17, 2016 2:30 pm
Forum: Investing - Theory, News & General
Topic: Dividends, and the curse of popularity
Replies: 91
Views: 6152

Re: Dividends, and the curse of popularity

I find the following a more nuanced analysis. http://www.fastgraphs.com/research_articles/2016-03-24-carnevale-dividends-true-contribution-may-suprise One sentence from the above link describes why I hold VDADX in a tax-deferred account: " I rarely invest in Dividend Aristocrats in order to ach...
by Levett
Mon Aug 15, 2016 6:02 am
Forum: Investing - Help with Personal Investments
Topic: Help- TIAA Traditional Contract, no new contributions allowed in it
Replies: 7
Views: 651

Re: Help- TIAA Traditional Contract, no new contributions allowed in it

This matter has been discussed at the TIAA Morningstar site. Some participants there have also experienced a similar change.

You might post your query there.

Lev
by Levett
Sun Aug 14, 2016 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: CREF variable annuity in 403(b) -- any reason to pay the high expense ratio?
Replies: 31
Views: 957

Re: CREF variable annuity in 403(b) -- any reason to pay the high expense ratio?

bigjoe asked: " Like, will she be able to annuitize at a better rate in 20 years for having been in the annuity accounts than if she were trying to do it on the open market? Something like that. As it stands, I see zero benefit to being in the variable annuity accounts, only cost." The ans...
by Levett
Sat Aug 13, 2016 11:52 am
Forum: Investing - Theory, News & General
Topic: Asymmetrical Information and Financial Markets
Replies: 12
Views: 889

Re: Asymmetrical Information and Financial Markets

Strange coincidence. The author of the Bloomberg article just happens on the topic a couple of weeks after the Economist published this, as part of an ongoing series:

http://tinyurl.com/jmozd2h

If you can't beat 'em, join 'em? :wink:

Lev
by Levett
Fri Aug 12, 2016 2:31 pm
Forum: Investing - Theory, News & General
Topic: The annuity puzzle, and a suggestion
Replies: 108
Views: 6785

Re: The annuity puzzle, and a suggestion

Nisiprius certainly does make an excellent point. I looked into the matter when Treasury ruled on QLACs and IRAs. The payments were nominal unless you purchase a rider--typically capped at 3%. Here's some sample language from New York Life (courtesy of a Kiplinger article): "If the 65-year-old ...
by Levett
Thu Aug 11, 2016 6:21 am
Forum: Personal Finance (Not Investing)
Topic: True state of retirees and course of action
Replies: 29
Views: 3341

Re: True state of retirees and course of action

" I am 47 with around 1.7 MM saved, single earner around 100K , two kids yet to go to college." I would suggest sitting down with a well-regarded certified financial planner. Put a long-term plan in place including a comprehensive budget. Speaking as a father who put three kids through col...
by Levett
Tue Aug 09, 2016 12:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - why don't I 'feel' good about them?
Replies: 36
Views: 3438

Re: Vanguard - why don't I 'feel' good about them?

Nicely said, tfb--e.g.,

"You intuitively figured out that managing investments and managing accounts are two separate things. Managing investments well (Vanguard) does not automatically translate to managing accounts well."

Lev
by Levett
Fri Aug 05, 2016 7:57 pm
Forum: Investing - Theory, News & General
Topic: Who Will Dominate the Retirement Advice Business?
Replies: 12
Views: 1800

Re: Who Will Dominate the Retirement Advice Business?

Thank you, Bobcat, for the clarification.

Lev
by Levett
Fri Aug 05, 2016 6:09 pm
Forum: Investing - Theory, News & General
Topic: Who Will Dominate the Retirement Advice Business?
Replies: 12
Views: 1800

Re: Who Will Dominate the Retirement Advice Business?

Bobcat wrote: " Life annuities are more sought out by relatively healthy seniors, while LTCi is more sought out by those of less than average health." Would you kindly provide data on the observation about who purchases LTCI? Anecdotally, this is not my observation in my college town. I di...
by Levett
Thu Aug 04, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Vanguard Swag ?
Replies: 19
Views: 2690

Re: Vanguard Swag ?

This one is a favorite at my gym. 8-)

http://www.vanguardgear.com/shop/appare ... d-tee.html

Lev
by Levett
Thu Aug 04, 2016 6:17 am
Forum: Investing - Theory, News & General
Topic: New JB interview [John Bogle says industry needs to change]
Replies: 11
Views: 1592

Re: New JB interview [John Bogle says industry needs to change]

My favorite John Bogle book: The Battle for the Soul of Capitalism.

It's about the Big Picture.

Lev
by Levett
Wed Aug 03, 2016 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Does an SPIA have an impact on retirement accumulation targets?
Replies: 25
Views: 1186

Re: Does an SPIA have an impact on retirement accumulation targets?

The following recent study by the Center for Retirement Research may be of interest to those considering an SPIA.

http://crr.bc.edu/briefs/how-can-we-rea ... 01k-world/

Lev
by Levett
Sun Jul 31, 2016 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: What is a modest retirement (definition)?
Replies: 66
Views: 6300

Re: What is a modest retirement (definition)?

I think this is a "keeping up with the Jones's" question (no offense intended to the OP). If you are fortunate enough to retire-- voluntarily --in good health with loving friends and family and sufficient income to support YOUR standard of living, you have riches beyond compare. All the ot...
by Levett
Sun Jul 31, 2016 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - Wellington or Vanguard Equity-Income?
Replies: 6
Views: 649

Re: HSA - Wellington or Vanguard Equity-Income?

LifeStrategy Growth is a static allocation fund. I assume you know this. Wellington is no t a static allocation fund. Neither is Target 2025 (until it becomes Target Retirement Income). If you are not hung up on 65/35, and since you have previously used a LifeStrategy fund, why not consider LifeStra...
by Levett
Sun Jul 31, 2016 12:07 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1838
Views: 420624

Re: What Movie Have You Recently Watched?

We saw "Captain Fantastic," and it certainly had its moments. It's a throwback to the hippie road movies of yesteryear. The film, sadly, becomes increasingly implausible with the journey to New Mexico. On the other hand, "The Infiltrator" is rivetting--sensational performances by...
by Levett
Fri Jul 29, 2016 7:03 am
Forum: Personal Finance (Not Investing)
Topic: LT Care costs to decimate retirement savings?
Replies: 8
Views: 1162

Re: LT Care costs to decimate retirement savings?

Consider a wider context (at least I do): Administration on Aging (AoA) Aging Statistics The older population—persons 65 years or older—numbered 46.2 million in 2014 (the latest year for which data is available). They represented 14.5% of the U.S. population, about one in every seven Americans. By 2...
by Levett
Fri Jul 29, 2016 6:56 am
Forum: Personal Finance (Not Investing)
Topic: SSA MANDATORY cell phone based multifactor authentication [now RESCINDED]
Replies: 168
Views: 13007

Re: SSA MANDATORY cell phone based multifactor authentication

For several years I have subscribed to Social Security notifications. It's proven very informative.

https://www.ssa.gov/agency/updates/

I find nothing unusual about the multifactor authentication. I welcome it. My CU uses it, several CC cards use it, Vanguard uses it from time to time.

Lev
by Levett
Thu Jul 28, 2016 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: LT Care costs to decimate retirement savings?
Replies: 8
Views: 1162

Re: LT Care costs to decimate retirement savings?

Quien sabe?

But this sentence in the abstract is inarguable (unless one is contemplating suicide):

"In summary, financial plans that don't incorporate long term care expenses can significantly overestimate the long-term sustainability of the plan."

Lev
by Levett
Wed Jul 27, 2016 7:05 pm
Forum: Investing - Theory, News & General
Topic: are the markets overvalued? Are Grantham/Hussman etal correct?
Replies: 222
Views: 13815

Re: are the markets overvalued? Are Grantham/Hussman etal correct?

I'm cool with CAPE--Superman's cape.

It's a bird,it's a plane--no, it's CAPE.

The only thing certain is the scoreboard when the game is over.

Press on,regardless.

Lev
by Levett
Sat Jul 23, 2016 6:16 am
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 8693

Re: Reliving the Nightmare of the Crisis

I learned to have a great deal of respect for Hyman Minsky--

https://en.wikipedia.org/wiki/Minsky_moment

as well as Benoit Mandelbrot's The (Mis)behavior of Markets--

https://www.amazon.com/Misbehavior-Markets-Fractal-Financial-Turbulence-ebook/dp/B004PYDBEO

Lev
by Levett
Fri Jul 22, 2016 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 202
Views: 14769

Re: Early retirees, how much did you leave on the table?

Why would I ask?

It's one of those questions folks with regret ask.

I don't regret a day I retired.

Money certainly contributes to a satisfying retirement, but money alone does not assure a satisfying retirement.

Lev
by Levett
Tue Jul 19, 2016 11:21 am
Forum: Investing - Theory, News & General
Topic: "Analyzing the First Half of 2016 for Vanguard"
Replies: 3
Views: 837

Re: "Analyzing the First Half of 2016 for Vanguard"

Of note: Glaser: And finally what about some of the kind of just widely held Vanguard funds, like Wellington. How did those did do in this year so far? Culloton: I've been very impressed by the way tried-and-true balanced funds like Vanguard Wellington and Vanguard Wellesley Income have continue to ...
by Levett
Mon Jul 18, 2016 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 66
Views: 5383

Re: TIAA Traditional Annuity as sole fixed income component

Nisi wrote:

"but there's a case to be made, if you are a TIAA participant who is heavily invested in TIAA Traditional, for doing it it their way and considering it to be a fourth asset class."

There certainly is a case to be made, and I have made it repeatedly, as has TIAA.

Lev
by Levett
Sun Jul 17, 2016 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 66
Views: 5383

Re: TIAA Traditional Annuity as sole fixed income component

"The TIAA mantra seems to be, imo, "our clients are idiots; they will never notice." That has been their (apparent) stance from when they lost the low-fee battle to VG and then quietly set about to position themselves in the middle ground, fee-wise, relying upon decades of accumulate...
by Levett
Sat Jul 16, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Traits of Happiest Retirees
Replies: 82
Views: 12020

Re: Traits of Happiest Retirees

Nisi wrote:

"Retirees in good health are happy, retirees in poor health are unhappy."

Yeah. That's been my experience.

And happy or unhappy retirees were likely happy or unhappy before they retired.

That's also been my experience.

Lev
by Levett
Thu Jul 14, 2016 6:22 am
Forum: Investing - Theory, News & General
Topic: "How saving too much can make your retirement less satisfying"
Replies: 52
Views: 7561

Re: "How saving too much can make your retirement less satisfying"

Now well into retirement, I follow a very simple "rule": don't spend above your means, don't spend below your means, but DO spend within your means.

I did not retire to become a mendicant.

I am satisfied (within the limits nature imposes :wink: ).

Lev
by Levett
Tue Jul 12, 2016 9:29 am
Forum: Investing - Theory, News & General
Topic: "Investing in an uncertain world."
Replies: 7
Views: 713

Re: "Investing in an uncertain world."

When hasn't it been an "uncertain world?"

"Uncertainty" is a meme kinda like the "expectations" game prior to a Fed announcement or an unemployment report.

Lev
by Levett
Tue Jul 12, 2016 7:28 am
Forum: Investing - Help with Personal Investments
Topic: How much did you earn in capital gains?
Replies: 7
Views: 780

Re: How much did you earn in capital gains?

The TIAA Real Estate account had difficult back to back years in 2008 (-14.15%) and 2009 (-27.64%). :(

Lev
by Levett
Sun Jul 03, 2016 12:58 pm
Forum: Investing - Theory, News & General
Topic: "Less is More"
Replies: 15
Views: 3037

Re: "Less is More"

"The Paradox of Choice."

You can read the book or listen to the talk.

https://www.ted.com/talks/barry_schwartz_on_the_paradox_of_choice?language=en

Lev
by Levett
Sat Jul 02, 2016 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs. Vanguard REITS
Replies: 26
Views: 2159

Re: TIAA Real Estate vs. Vanguard REITS

" The payment will vary depending on the underlying TREA share value. " Not exactly. You will be taking annuity income that has an entirely different annuity unit value (not the NAV you see for the variable annuity account) that is pegged, among other things, to an assumed interest rate (A...
by Levett
Sat Jul 02, 2016 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs. Vanguard REITS
Replies: 26
Views: 2159

Re: TIAA Real Estate vs. Vanguard REITS

TIAA's position seems to be to own both. October 28, 2014 REITs and Real Estate: Complementary through good times and bad In this paper, we re-affirm that REITs and real estate function in a complementary fashion in investment portfolios. Using data through mid-2014, our analysis shows that investor...
by Levett
Fri Jul 01, 2016 6:25 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (June 2016)
Replies: 14
Views: 1128

Re: madsinger monthly report (June 2016)

" This sounds like a broken record but once again, wellington and wellesley are hard to beat." Yep--especially on a risk-adjusted basis. I believe the two funds are regarded as "lucky"--I guess on a long term basis. I know their long term investors feel quite content (theory notw...
by Levett
Thu Jun 30, 2016 4:27 pm
Forum: Personal Consumer Issues
Topic: Tipping Etiquette Question.
Replies: 37
Views: 3418

Re: Tipping Ettiquet Question.

mrc,

Not ordinarily! :wink:

Lev
by Levett
Thu Jun 30, 2016 3:37 pm
Forum: Investing - Theory, News & General
Topic: Betterment's market timing move.
Replies: 5
Views: 848

Re: Betterment's market timing move.

New t-shirt: "The Algo Made Me Do It!" :shock:

Lev
by Levett
Thu Jun 30, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: At what point do you stop... [chasing rates]
Replies: 32
Views: 3625

Re: At what point do you stop...

"good enough for me."

Exactly.

Good enough is plenty good enough.

Lev
by Levett
Thu Jun 30, 2016 3:13 pm
Forum: Personal Consumer Issues
Topic: Tipping Etiquette Question.
Replies: 37
Views: 3418

Re: Tipping Ettiquet Question.

I'm 100% with Salty because that's how it has worked in my experience.

There's nothing like walking into your neighborhood establishment and the bartender sees you and your wife/partner/buddy/girlfriend and your drinks are waiting for you before you sit down.

Lovely. :happy

Lev
by Levett
Tue Jun 28, 2016 6:35 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri looking to internationalize his portfolio
Replies: 500
Views: 114028

Re: Rick Ferri looking to internationalize his portfolio

"I just thought of something! Is this the international event Rick has been waiting for???"

Good question.

Sure doesn't get much bigger than this, if this is what you have been waiting for.

Me, I just muddle along. I'm not clever.

Lev
by Levett
Mon Jun 27, 2016 1:46 pm
Forum: Investing - Theory, News & General
Topic: Maximize retirement spending... or Happiness?
Replies: 10
Views: 1190

Re: Maximize retirement spending... or Happiness?

You can maximize spending but you can't maximize happiness. When you retire--with however much or however little--you will be the same person you are or were before retirement. You will, however, have more time to be more of you (for good or for ill or for something in between :wink: ). Lev (a grate...
by Levett
Sat Jun 25, 2016 2:52 pm
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 11664

Re: What did you learn from the post-Brexit bloodbath?

tbradnc--

How silly of me. I must wait for that one.

Meanwhile I live and invest in a sea of "uncertainty."

Oh, dear; oh, dear. :wink:

Lev
by Levett
Sat Jun 25, 2016 2:49 pm
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 11664

Re: What did you learn from the post-Brexit bloodbath?

"Huge drop." "Bloodbath." My goodness.

Lev
by Levett
Fri Jun 24, 2016 7:04 pm
Forum: Investing - Theory, News & General
Topic: Plunge and Panic-Do You Get It Now?
Replies: 108
Views: 12507

Re: Do You See it Now?

It ain't nuthin'.

Some of us are old enough to remember October 19, 1987 (-22.61%, ladies and gentlemen).

The financial press needs to get a grip.

Lev
by Levett
Fri Jun 24, 2016 6:26 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 10598

Re: International stocks in free fall

A colleague sent me a note that the Brits had taken idiosyncrasy a step too far. :wink:

Lev

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