Search found 3869 matches

by Levett
Sat Sep 24, 2016 7:46 pm
Forum: Investing - Theory, News & General
Topic: Harvard Endowment Losses Tied to Value Stocks
Replies: 44
Views: 3502

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: 2938

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: 2938

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: 5083

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: 980

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: 17
Views: 1924

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: 5083

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: 8804

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: 8804

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: 1590

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: 694

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: 6511

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: 1315

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: 833

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: 2935

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: 2761

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...
by Levett
Sat Sep 10, 2016 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Quandary
Replies: 32
Views: 2811

Re: LTC Quandary

blueberry asked: " If anyone has had a good experience with getting pay out on LTC I'd be interested in hearing about it and what company provided the insurance. Thx" My response should be treated as anecdotal since it's based on what has occurred to friends/acquaintances in an academic co...
by Levett
Fri Sep 09, 2016 7:59 am
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 192
Views: 12440

Re: "Factor investing"

Hi Taylor,

Thank you for bringing back the memory of Ozark--a man for all seasons!

I must say that the "factor" I give greatest weight to as a retiree is (drum roll :wink: ): satisfaction.

Lev
by Levett
Tue Sep 06, 2016 11:37 am
Forum: Personal Consumer Issues
Topic: Recommendations for a good political drama?
Replies: 16
Views: 1031

Re: Recommendations for a good political drama?

Read and then watch Shakespeare's play, Julius Caesar.

I also recommend the award-winning BBC miniseries, Smiley's People.

Lev
by Levett
Sun Sep 04, 2016 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Employer mistakes 100% for 0% contribution to TIAA-CREF
Replies: 24
Views: 2068

Re: Employer mistakes 100% for 0% contribution to TIAA-CREF

But this is the disgusting part of Soupboy's experience: " I emailed the HR Director again asking if she was sure there is nothing she could do. She was sure, so I then emailed the VP of Finance. He was also sure there was nothing he could do." How many times does one hear some administrat...
by Levett
Tue Aug 30, 2016 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Elder care expenses
Replies: 15
Views: 1530

Re: Elder care expenses

A brilliant and genuinely humane response from Cyclesafe.

Lev
by Levett
Tue Aug 30, 2016 6:06 am
Forum: Personal Finance (Not Investing)
Topic: TIAA-CREF
Replies: 6
Views: 867

Re: TIAA-CREF

You write: " have the bulk of my retirement accounts at TIAA. " May I ask: did TIAA, on its own, implement the changes, or are the changes a consequence of your employer's decision to make changes? Many of us have seen changes in our employment plan (this has occurred to me in both my TIAA...
by Levett
Mon Aug 29, 2016 2:51 pm
Forum: Investing - Theory, News & General
Topic: RBD fans, Dan Wiener has news! [Really Bad Day]
Replies: 40
Views: 4970

Re: RBD fans, Dan Wiener has news! [Really Bad Day]

Some other guy with a slightly different spelling of his surname had a RRBD. :wink:

Lev
by Levett
Sun Aug 28, 2016 7:40 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1904
Views: 447898

Re: What Movie Have You Recently Watched?

An enthusiastic second to Hell or High Water. Timely plot, well-acted, rich humor, great soundtrack, and compelling cinematography.

Lev
by Levett
Fri Aug 26, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Fear and Trembling (Aug. 31st is my last day at work)
Replies: 77
Views: 9257

Re: Fear and Trembling (Aug. 31st is my last day at work)

Small Law Survivor wrote: "But, I'm a diehard catastrophizer, a personality trait that my father (a true child of the depression) helped instill in me. I can't help but think of the millions of people who retired in 1973, 2000 and 2007." I've never been a catastrophizer, but I did retire--...
by Levett
Thu Aug 25, 2016 11:26 am
Forum: Investing - Help with Personal Investments
Topic: VG Flagship Select Services for an ALMOST High Income Individual
Replies: 7
Views: 1343

Re: VG Flagship Select Services for an ALMOST High Income Individual

From the Vanguard statement re $5 million or more: "And know that, as your assets with us increase—from $5 million to $50 million and beyond*—your team will expand too, providing you with the additional support you need. Simplify wealth's complexities with advice & experts You'll have the s...
by Levett
Thu Aug 25, 2016 6:11 am
Forum: Personal Consumer Issues
Topic: Any one read the New York Review of Books?
Replies: 3
Views: 477

Re: Any one read the New York Review of Books?

Raybo, There should be one or more reading groups in the Bay Area. NYRB has been extremely popular in your area for many years. You may have seen this link to NYRB reading guides. http://www.nyrb.com/collections/reading-group-guides I'm sure that an email to NYRB would tell you where and when local ...
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: 13711

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 Finance (Not Investing)
Topic: Please, please advise...Health insurance terminated by insurance company
Replies: 45
Views: 3381

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: 1188

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: 1188

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: 34
Views: 4215

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: 19
Views: 2144

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: 6513

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: 732

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: 34
Views: 1405

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: 940

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: 7168

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: 3416

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: 3553

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: 1872

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: 1872

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: 2748

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: 1638

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: 1218

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: 6426

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: 671

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: 1904
Views: 447898

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: 1197

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...

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