Search found 3900 matches

by Levett
Mon Dec 05, 2016 7:58 pm
Forum: Investing - Theory, News & General
Topic: Penn Treaty insurance, let's see how the guaranty associations perform
Replies: 6
Views: 456

Re: Penn Treaty insurance, let's see how the guaranty associations perform

nedsaid: " I would be interested to learn more about the guaranty association in the State of Pennsylvania handles this ." You may find the following link informative. https://www.nolhga.com/resource/file/HFSCnolhgaTestimonyNov15_2011.pdf I agree with Nisi that it will be instructive to wa...
by Levett
Mon Dec 05, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 30
Views: 2242

Re: Spouses and spending styles...

"constantly stressed" Red flag! That's not good for you, your wife, your marriage, your future. Honestly, a bit of professional counseling could help--a lot. In the past, I walked that walk. It might help if you tried three pots of money: hers, his, and household. It works for some people...
by Levett
Sun Dec 04, 2016 8:01 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's reason to avoid International Bonds
Replies: 7
Views: 1386

Re: Rick Ferri's reason to avoid International Bonds

The interview was published a bit over two years ago (November 2014).

What I love about the entire interview is how forthright and precise and understandable Rick's responses are to every question asked.

You are missed, Rick. Happy trails on your road journey. :happy

Lev
by Levett
Fri Dec 02, 2016 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: "Yield surge: Remember the real role of bonds"
Replies: 3
Views: 718

Re: "Yield surge: Remember the real role of bonds"

Erwin,

I'm 16 years into retirement. My bond income (in taxable and TD) keeps flowing into my accounts.

Isn't it about cash flow?

Lev
by Levett
Fri Dec 02, 2016 12:08 pm
Forum: Personal Consumer Issues
Topic: CBP (INS) Global Entry program worth it?
Replies: 36
Views: 1626

Re: CBP (INS) Global Entry program worth it?

Works great. Well worth it.

Lev
by Levett
Thu Dec 01, 2016 7:53 pm
Forum: Investing - Theory, News & General
Topic: Howard Schultz stepping down [Starbucks CEO]
Replies: 11
Views: 1463

Re: Howard Schultz stepping down

From the article: "Mr. Schultz said he intends for the company to “maintain our moral courage.'" I had no idea that high end $12 a cup coffee (Mr. Schultz's new mission) was an exercise in ethics. I completely missed this in my Ethics courses. The World According to Starbucks. :wink: Lev
by Levett
Wed Nov 30, 2016 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Should I add to Wellesley instead of Total Bond?
Replies: 26
Views: 1824

Re: Should I add to Wellesley instead of Total Bond?

Admiral, I seem to remember Rick Ferri commenting that if a client gets nervous about the markets he sees some (common) sense in throttling down by 5%. (If I have misrepresented Rick, I hope he comes along and corrects me). If 70/30, rather than 75/25, makes you feel better, it's your money and your...
by Levett
Tue Nov 29, 2016 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Chagall Paintings Recently Left to Me By Family Member
Replies: 16
Views: 1353

Re: Chagall Paintings Recently Left to Me By Family Member

If they are originals (and if there is paperwork establishing provenance), start at the top by contacting Christie's or Sotheby's or a museum like the Art Institute of Chicago. Sample auction price from Sotheby's: http://www.sothebys.com/en/auctions/ecatalogue/2014/impressionist-modern-art-day-sale-...
by Levett
Tue Nov 29, 2016 12:46 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio for retirement
Replies: 62
Views: 5874

Re: Three fund portfolio for retirement

Thanks for the link to the roundtable discussion, Bob.

Very interesting.

Lev
by Levett
Fri Nov 18, 2016 4:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Valuethinker has surpassed 30,000 posts
Replies: 39
Views: 3121

Re: Valuethinker has surpassed 30,000 posts

One of the very best, for sure.

Lev
by Levett
Fri Nov 18, 2016 1:05 pm
Forum: Personal Consumer Issues
Topic: Turkey recommendations
Replies: 24
Views: 1203

Re: Turkey recommendations

The missus ordered an 18-20 lb. organic from Whole Foods for 10 people.

I'll pick it up. She will prepare it. :wink:

(As for the country, it's lovely, but not a good time now with all the instability.)

Lev
by Levett
Wed Nov 16, 2016 5:00 pm
Forum: Investing - Theory, News & General
Topic: "Jack Bogle and the Presidential Medal of Freedom"
Replies: 24
Views: 2905

Re: "Jack Bogle and the Presidential Medal of Freedom"

Taylor wrote: " it is incomprehensible" Respectfully, it is not incomprehensible to me. We live in a celebrity culture. With a few exceptions, the list includes some folks who are unlikely to have made enduring contributions. Jack Bogle's contributions will endure, award or no award. I loo...
by Levett
Sat Nov 12, 2016 7:36 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4137

Re: John Hancock discontinues LTC insurance sales

8foot7,

I share your view.

Lev
by Levett
Sat Nov 12, 2016 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Housing Maintenance Cost in HCOL Area
Replies: 9
Views: 917

Re: Housing Maintenance Cost in HCOL Area

It depends so much on the age, present condition, and complexity of the home + the state of the community infrastructure.

The 1% rule just doesn't capture my longtime experience as a homeowner.

Stuff (excluding regular maintenance) happens.

Lev
by Levett
Fri Nov 11, 2016 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4137

Re: John Hancock discontinues LTC insurance sales

The sad story of GNW (once upon a time nearly $40 bucks a share).

https://www.google.com/?gws_rd=ssl#q=genworth+stock

Bought out for $5.43 a share.

Lev
by Levett
Thu Nov 10, 2016 2:20 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25637

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I would suggest the first rule of stealth wealth is not to talk about it. :happy

Lev
by Levett
Sun Nov 06, 2016 5:10 pm
Forum: Personal Consumer Issues
Topic: How to talk with a housekeeper?
Replies: 49
Views: 5085

Re: How to talk with a housekeeper?

"Is $34/ hr not adequate?"

Sure is around here.

We do not use any franchise service.

We stick with housekeepers recommended by friends who share our lifestyle.

Have had two housekeepers in 20 years (first one retired, but still gets paid to check our home when we are away).

Lev
by Levett
Thu Nov 03, 2016 4:22 pm
Forum: Investing - Theory, News & General
Topic: What percentage of a portfolio should be in international stocks ?
Replies: 101
Views: 6278

Re: What percentage of a portfolio should be in international stocks ?

This is what I see at Vanguard's website (a dramatic departure, whatever one's practice, from the comment quoted by John Bogle): "I nternational investing Much of the world's investing takes place outside the U.S. By owning international investments, you diversify your portfolio even more. POIN...
by Levett
Wed Nov 02, 2016 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Question for the Retired
Replies: 27
Views: 3234

Re: Personal Finance Question for the Retired

blueblock wrote:

"I retired to stop working."

Me, too.

If I wanted to work, I wouldn't be retired. :wink:

Lev
by Levett
Sat Oct 29, 2016 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities
Replies: 15
Views: 1511

Re: Annuities

Sure. I am a longtime TIAA annuitant. I wouldn't base my decision on forecasts, but if you wish to "pensionize" some (I hope not all) of your TIAA assets (I assume you mean TIAA Traditional) and are risk averse, TIAA is about as solid an annuity provider as you can find. Understand, though...
by Levett
Thu Oct 27, 2016 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Anuitizing TIAA-CREF & RMDs
Replies: 7
Views: 634

Re: Anuitizing TIAA-CREF & RMDs

samjuno asked: "how are rmds affected when all your 403b money is put into a lifetime annuity? " The best advice is to work with a good accountant to review your specific situation. However, I'll speak to the issue as a longtime TIAA annuitant (though I don't think your general question is...
by Levett
Wed Oct 26, 2016 5:52 am
Forum: Investing - Theory, News & General
Topic: "Morningstar Names Best 529 College-Savings Plans for 2016"
Replies: 5
Views: 1015

Re: "Morningstar Names Best 529 College-Savings Plans for 2016"

From the start, the grandchildren have been in Vanguard Nevada and Utah. No regrets.

Lev
by Levett
Tue Oct 25, 2016 2:38 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve: Too good to be (completely) true
Replies: 150
Views: 17261

Re: Chase Sapphire Reserve: Too good to be (completely) true

cholan wrote:

"This card is the best of all possible cards. (with apologies to Leibniz)"

I can't recall anyone quoting Leibniz on a financial website.

Thank you. Made my day. :D

Lev
by Levett
Fri Oct 21, 2016 12:30 pm
Forum: Investing - Theory, News & General
Topic: "Jack Bogle wouldn’t risk investing outside the US"
Replies: 101
Views: 7240

Re: "Jack Bogle wouldn’t risk investing outside the US"

I hope and trust that being a "boglehead" doesn't mean abandoning one's own research and judgment and experience.

But then I am more a Vanguardian in my investment practice.

May fortune shine on everyone. :happy

Lev
by Levett
Thu Oct 13, 2016 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Are you rich? An article by Jonathan Clements
Replies: 19
Views: 6501

Re: Are you rich? An article by Jonathan Clements

You are "rich" when you don't bother to ask the question. You are "poor" when you obsess or write or pronounce about such stuff.

Lev
by Levett
Mon Oct 10, 2016 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Stubbornly Ultra conservative, Non-Boglehead Husband. What to do?
Replies: 50
Views: 6187

Re: Stubbornly Ultra conservative, Non-Boglehead Husband. What to do?

Joebh is spot on. You don't need to be a trained psychologist to understand from the following that much more than finance is in play: "My work life has took a toll on me. I feel life is passing me by, specially when I look at how fast the kids are growing.Balancing work and family life has mad...
by Levett
Sat Oct 01, 2016 7:40 am
Forum: Local Chapters and Bogleheads Community
Topic: Where is Livesoft?
Replies: 94
Views: 13543

Re: Where is Livesoft?

"Come on people. Leave him alone as he may be taking a well deserved break from helping folks on this forum. Everybody should take a breather periodically."

Terrific advice!

Lev
by Levett
Thu Sep 29, 2016 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley double wallop?
Replies: 26
Views: 3518

Re: Wellesley double wallop?

Reports of Wellesley's slow demise have--so far--been greatly exaggerated. :wink:

Lev
by Levett
Thu Sep 29, 2016 1:36 pm
Forum: Investing - Theory, News & General
Topic: Is Deutche Bank a buy?
Replies: 54
Views: 4212

Re: Is Deutche Bank a buy?

Maybe, finally, we have reached the point of "Too Big to Bail." :thumbsup

Lev
by Levett
Wed Sep 28, 2016 6:25 pm
Forum: Personal Consumer Issues
Topic: Medicare while travelling?
Replies: 11
Views: 1031

Re: Medicare while travelling?

by Levett
Sat Sep 24, 2016 7:46 pm
Forum: Investing - Theory, News & General
Topic: Harvard Endowment Losses Tied to Value Stocks
Replies: 57
Views: 5299

Re: Harvard Endowment Losses Tied to Value Stocks

The figures are net of fees. http://harvardmagazine.com/2016/09/harvard-endowment-declines-1-9-billion " Harvard Management Company (HMC) recorded a negative 2.0 percent investment return on endowment assets during fiscal 2016, following positive returns of 5.8 percent in the prior year and 15....
by Levett
Sat Sep 24, 2016 7:30 am
Forum: Investing - Theory, News & General
Topic: Investing to Avoid the Consequences of Being Wrong
Replies: 27
Views: 3513

Re: Investing to Avoid the Consequences of Being Wrong

For me, his recollection of Buffett's comment is the absolute "winnah": " There is a wonderful expression that Warren Buffett used to describe the principals of Long-Term Capital Management, the large hedge fund that blew up in the 1990s and required a bailout from the Federal Reserve...
by Levett
Fri Sep 23, 2016 2:34 pm
Forum: Investing - Theory, News & General
Topic: Investing to Avoid the Consequences of Being Wrong
Replies: 27
Views: 3513

Re: Investing to Avoid the Consequences of Being Wrong

That's a good interview. Thanks for posting the link.

Lev
by Levett
Fri Sep 23, 2016 2:17 pm
Forum: Investing - Theory, News & General
Topic: I guess we better peek when it comes to Vanguard
Replies: 37
Views: 5447

Re: I guess we better peek when it comes to Vanguard

For those who have a general interest in English usage, have some fun with the range of meanings of Vanguard's use of the four adverbs--" regularly, " " frequently ," " promptly, " " completely" (the latter may be the least ambiguous). Here's a sample for &quo...
by Levett
Fri Sep 23, 2016 1:56 pm
Forum: Investing - Theory, News & General
Topic: TIAA traditional and real estate
Replies: 16
Views: 1125

Re: TIAA traditional and real estate

John,

The appendices alone are worth the price of admission. :happy

Lev
by Levett
Thu Sep 22, 2016 4:52 pm
Forum: Personal Consumer Issues
Topic: Aging and Spending
Replies: 54
Views: 9078

Re: Aging and Spending

cinghiale,

We are on the same page, only for me it's not been "theory."

Retired in 2000 precisely not to postpone any further pleasures and indulgences.

Carpe diem (within reason :wink: )

Lev
by Levett
Thu Sep 22, 2016 6:28 am
Forum: Investing - Theory, News & General
Topic: I guess we better peek when it comes to Vanguard
Replies: 37
Views: 5447

Re: I guess we better peek when it comes to Vanguard

I'm in total agreement with saltycaper--e.g., " One should check account statements regularly no matter the broker, custodian, fund company, etc." Respectfully, has Mr. Bogle, as well as others who recommend "no peeking," read Vanguard's online fraud policy? Have a look. https://...
by Levett
Wed Sep 21, 2016 6:02 am
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 9659

Re: Disappointing News Wells Fargo

Triceratop observed: " I was pleasantly pleased though to see the depth of questioning" So was I. On the other hand, I was astonished by how little the CEO (apparently) knew about his bank's operations. The hearings remind me of just how timely John Bogle's book, The Battle for the Soul of...
by Levett
Tue Sep 20, 2016 10:58 am
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 9659

Re: Disappointing News Wells Fargo

The Senate Banking hearing, currently on Bloomberg, is simply devastating.

Lev
by Levett
Mon Sep 19, 2016 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on TIAA Traditional and TIAA Real Estate given my AA?
Replies: 20
Views: 1811

Re: Thoughts on TIAA Traditional and TIAA Real Estate given my AA?

" You already learned this lesson once." Sorry. I missed the "lesson." Is it liquidity? That doesn't matter for those of us for whom the Traditional account is a "keeper." I love the illiquidity--it protects against the panic of the masses, as witnessed by the panic plu...
by Levett
Fri Sep 16, 2016 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Medically Underwritten Immediate Annuity
Replies: 10
Views: 903

Re: Medically Underwritten Immediate Annuity

Several years ago Taylor Larimore, who had throat cancer, commented on medically underwritten annuities .

viewtopic.php?t=102193

Scroll down to Taylor's post dated September 5, 2012.

Lev
by Levett
Thu Sep 15, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Keys to a Successful Retirement
Replies: 55
Views: 7006

Re: Keys to a Successful Retirement

rgs,

You have just insulted one of the most valued longtime posters at this site.

No. He's a retired economist as I recall.

Take rational issue as you wish, but skip the ad hominem.

Lev
by Levett
Thu Sep 15, 2016 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Should I drop LTC insurance?
Replies: 10
Views: 1415

Re: Should I drop LTC insurance?

johnny wrote: "I'm more inclined to think now that I've got pretty good coverage." No. It's not "pretty good." It's very good, with a respectable insurer, and inexpensive by my lights. If your premium were to double, it would still be very good coverage. You are insuring for a ca...
by Levett
Wed Sep 14, 2016 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning Advice - New to Forum
Replies: 8
Views: 922

Re: Retirement Planning Advice - New to Forum

dasher wrote: " I was debating moving my Roth to Vanguard." If I were you, I would move the Roth to VG precisely for the reason you state--e.g., "but I would be saving tremendously over the life of the account." Although some TIAA participants are excessively enamored of the Real...
by Levett
Wed Sep 14, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: Exodus from Money Market Funds?
Replies: 24
Views: 3155

Re: Exodus from Money Market Funds?

Too bad Bloomberg just couldn't squeeze in (in the interests of accuracy): "prime" and "muni."

This change has been well advertised for quite some time.

Lev
by Levett
Sat Sep 10, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 8/17/16 Article: "A New Approach to Retirement Spending"
Replies: 31
Views: 2928

Re: Vanguard 8/17/16 Article: "A New Approach to Retirement Spending"

Respectfully, Lady Geek, why not incorporate surveys of retirement satisfaction into a Wiki on retirement spending? This would be my kind of "deep dive." Retirement satisfaction is where the rubber meets the road. http://crr.bc.edu/wp-content/uploads/2005/02/ib_28.pdf https://www.towerswat...

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