Search found 4079 matches

by Levett
Wed Oct 18, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 87
Views: 6329

Re: how long did it take to get used to retirement

"Do the best you can do, and then when you are through with it, don't try to live it again."

Do this and you won't have to "get used to it." You will be ready, willing and able from day one.

Who am I quoting (with complete agreement)? Sparky Anderson. :beer

Lev
by Levett
Wed Oct 18, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare change upcoming - preauthorization for imaging tests
Replies: 13
Views: 1291

Re: Medicare change upcoming - preauthorization for imaging tests

The following link from a cardiology website provides more specific detail on how the PA process will work in 2018.

https://www.dicardiology.com/article/cm ... ing-orders

Lev
by Levett
Tue Oct 17, 2017 6:59 pm
Forum: Investing - Theory, News & General
Topic: 30th Anniversary of October 19, 1987 stock market crash
Replies: 35
Views: 2629

Re: 30th Anniversary of October 19, 1987 stock market crash

"but I'll let you old folks tell me about being invested in 1987. " Heckuva day, says this 75 year-old. Was at a meeting in Ann Arbor, MI, and my partner and I were returning home along Main Street from a meeting when he looked up at the Schwab ticker and muttered, " That can't be true." What could...
by Levett
Mon Oct 09, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6503

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

It is so well-deserved.

The iconoclasm of Misbehavior is both instructive and delightful.

Here's a link to the Bloomberg announcement accompanied by a typically sardonic interview.

https://www.bloomberg.com/news/articles ... mics-prize

Lev
by Levett
Fri Oct 06, 2017 6:23 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about cashing completely out of equites....
Replies: 75
Views: 8078

Re: I'm thinking about cashing completely out of equites....

"to completely liquidate ones exposure to risk"

There are many kinds of "risk," and some can't be simply "liquidated."

Good luck.

Lev
by Levett
Fri Oct 06, 2017 4:13 pm
Forum: Personal Consumer Issues
Topic: Selling burial plots in Alabama
Replies: 14
Views: 1079

Re: Selling burial plots in Alabama

Americans are increasingly choosing cremation.

Lev
by Levett
Wed Oct 04, 2017 6:26 pm
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4057

Re: Retirement Class of 1998 (Sheepdog's Experience)

I second Fallible, Jim.

Your post is a "gem."

Lev
by Levett
Wed Oct 04, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9163

Re: Senior citizens can lose everything [to professional guardians via court rulings]

Here's a local case that appears in today's morning paper. It's the headline of the Lansing State Journal. I hope folks can get past the firewall. There is a lot detail. http://www.lansingstatejournal.com/story/news/local/2017/10/03/judge-requests-investigation-lansing-lawyer-conflicts-interest-judg...
by Levett
Mon Oct 02, 2017 6:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4057

Re: Retirement Class of 1998 (Sheepdog's Experience)

17 years for me, Jim (July 2000). But you go it (mostly) right: " And, when you do retire, relax and have fun, exercise and eat well to stay healthy, invest conservatively, spend frugally, share your good fortune with others, and then you know you have done it right." Sometimes, I have found, reward...
by Levett
Mon Oct 02, 2017 6:28 pm
Forum: Investing - Theory, News & General
Topic: The Future of Active vs Index Investing
Replies: 33
Views: 2500

Re: The Future of Active vs Index Investing

What has Vanguard said? https://vanguardadvisorsblog.com/2017/04/25/why-active-vs-passive-is-the-wrong-debate/ Costs, costs, and costs Despite a seismic shift out of actively managed investments and into index funds, the whole active versus passive debate misses the point. The simple fact is, invest...
by Levett
Sat Sep 30, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg: Smart Beta Debate Sparks Identity Crisis at Vanguard
Replies: 15
Views: 2611

Re: Bloomberg: Smart Beta Debate Sparks Identity Crisis at Vanguard

"Vanguard says it was always a question of semantics."

It often is. ;-)

Lev
by Levett
Thu Sep 28, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: Likelihood of a crash and lump sum investing
Replies: 32
Views: 2675

Re: Likelihood of a crash and lump sum investing

The OP wrote:

"I've only recently started to learn more about investing and economics."

Respectfully, hold off and learn more until you have some idea why you wish to invest and for how long.

It's your money, and you have to own your own decisions.

Lev
by Levett
Mon Sep 25, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11630

Re: Lifestyle Creep

Poker 27 wrote:

"Nearly all aspects of my life have crept up with my income level. I mean what is the point of making more $ if you are not going to enjoy it?"

Yes. It ain't creep; it's reward. 8-)

That's the point.

Lev
by Levett
Sun Sep 24, 2017 4:00 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11630

Re: Lifestyle Creep

Is "lifestyle creep" when you reward yourself with stuff/things/experiences you can't afford?

If so, I have avoided "creep." :wink:

Lev
by Levett
Fri Sep 22, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8235

Re: Age you retired

Old Guy wrote:

"I now do as little as possible."

That's it: the way of Epicurus.

Retired at 58 (17 years ago) and I mean r eeeee t i r e d. ;-)

Lev
by Levett
Tue Sep 19, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25292

Re: Calling out the not so rich bogleheads

What Lady Geek observed about the "survey": "Remember that this survey is only from those who choose to participate. We've got 41,760 members to date. Compare that to the total number participating. There's also no way to verify the information supplied." (posted 2 January 2015, 2:40pm). Take the su...
by Levett
Tue Sep 19, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25292

Re: Calling out the not so rich bogleheads

Yes. It went sideways from the first response.

Too bad: it could have been productive with a little more openness.

Most of us weren't born on third base, as the saying goes.

I wish the OP all the best.

Lev
by Levett
Mon Sep 04, 2017 6:23 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 45
Views: 5510

Re: 2018 Subaru Outback

I have a 2016 Outback (fourth Subie I have owned). Fits my lifestyle, as well. I don't leave home without it! :happy

Lev
by Levett
Mon Sep 04, 2017 4:07 pm
Forum: Investing - Theory, News & General
Topic: What is the "safe, safe" withdrawal rate?
Replies: 38
Views: 4192

Re: What is the "safe, safe" withdrawal rate?

stlutz, Take a look at Jim Otar's essay, "Lifelong Retirement Income: How to Quantify and Eliminate Luck." The essay appears in the book, Retirement Income Redesigned , edited by Evensky and Katz. Of course, if you have the time and inclination you can wade through his book, Unveiling the Retirement...
by Levett
Sun Sep 03, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: LTCI Experience
Replies: 16
Views: 1654

Re: LTCI Experience

neilpilot,

Thank you for your realistic perspective. It often gets lost in the sauce.

Further, I hope my wife and I don't have to use our LTCI policies, but what has been previously noted about TIAA/MetLife and JH squares with the experience of friends and acquaintances in our community.

Lev
by Levett
Fri Sep 01, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is Always Risky
Replies: 42
Views: 3406

Re: The Stock Market Is Always Risky

As Mark Twain wrote:

"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” ;-)

Lev
by Levett
Tue Aug 29, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: What does Medicare REALLY Cost Wealthy Seniors
Replies: 24
Views: 2243

Re: What does Medicare REALLY Cost Wealthy Seniors

On the issue of physicians who accept assignment to Medicare, see the following survey:

http://www.kff.org/medicare/issue-brief ... -snapshot/

Lev
by Levett
Fri Aug 25, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement anxiety- emotionally and financially
Replies: 55
Views: 6807

Re: Retirement anxiety- emotionally and financially

I'm glad to see some focus on your emotional well-being.

Being anxious about retirement is one thing. Going into retirement feeling disappointed and depressed is quite another.

Some effective counseling can go a long way.

I sincerely wish you and your wife the best.

Lev
by Levett
Fri Aug 25, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3015
Views: 882523

Re: What Movie Have You Recently Watched?

Wind River.

A very well-made, gripping film, about a much neglected area (Native-American reservations) and topic (violence on the reservations).

The cinematography is exceptional, and Jeremy Renner delivers a superbly restrained performance.

This is not family entertainment.

Lev
by Levett
Fri Aug 18, 2017 12:00 pm
Forum: Investing - Theory, News & General
Topic: Irrational Despair?
Replies: 39
Views: 5867

Re: Irrational Despair?

The most serious disorder is obviously bad brea(d)th. ;-)

Lev
by Levett
Sun Aug 13, 2017 10:51 am
Forum: Forum Issues and Administration
Topic: Please consider setting a time limit of 15 minutes to edit a post
Replies: 31
Views: 2979

Re: Please consider setting a time limit of 15 minutes to edit a post

Seems like a proposed "solution" to a non-existent problem.

I appreciate the opportunity to, on further reflection, improve an initial post.

Lev
by Levett
Fri Aug 11, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Anyone Out There Who Has Failed To Stick To Their Long Term Investing Plan?
Replies: 35
Views: 4086

Re: Anyone Out There Who Has Failed To Stick To Their Long Term Investing Plan?

It is worth noting, as it has been noted before at this site, that a number (not all) of financial authors have themselves altered their recommendations for investing plans over time. In truth, I don't find this at all surprising as humans have a desire to "improve" most anything as time goes by. Lev
by Levett
Fri Jul 28, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: TSA Pre-check for free
Replies: 75
Views: 5818

Re: TSA Pre-check for free

A few years ago Delta provided my wife and me with TSA Pre. It was just suddenly there on our tickets. We are members of SkyMiles and do have Delta Amex cards. Around 2 years ago, we did pay for Global Entry (before Chase Sapphire Reserve offered it as part of a package :annoyed ), and now we are re...
by Levett
Tue Jul 25, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 860

Re: Changes in your risk profile

Longdog asks: "If your "need" to take risk has decreased because of the recent strong market performance, and you act on that need by reducing the amount of "new" money being put into the market, would that be considered market timing? " Uh, why would an adult, capable of looking after him/herself, ...
by Levett
Sun Jul 23, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Can real estate investing (actual properties) be relatively "hands off"?
Replies: 50
Views: 5883

Re: Can real estate investing (actual properties) be relatively "hands off"?

TIAA's eligibility rules are somewhat more expansive than commonly thought. Note IRA eligibility, in particular.

https://www.tiaa.org/public/pdf/advisor ... -guide.pdf

Lev
by Levett
Thu Jul 20, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: new Bogle written interview on marketwatch.com today 7/20/17
Replies: 17
Views: 1892

Re: new Bogle written interview on marketwatch.com today 7/20/17

:thumbsup I am delighted to read that JB has expanded and updated The Little Book of Common Sense Investing.

Lev
by Levett
Wed Jul 19, 2017 9:40 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 12661

Re: Books not to read.

It has been my experience as a lifelong reader that you just can't love (or like) every book you read--in many cases because we all have our own tastes and limitations. But it doesn't follow from the premise that you can't love (or like) all books that you are obliged to tell folks not to read them....
by Levett
Thu Jul 13, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel's Not so random walk
Replies: 17
Views: 2867

Re: Burton Malkiel's Not so random walk

According to the following Bloomberg article, Malkiel spent 27 years on the Vanguard Board:

https://tinyurl.com/y94mzdtx

Lev
by Levett
Wed Jul 12, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel's Not so random walk
Replies: 17
Views: 2867

Re: Burton Malkiel's Not so random walk

"Just because he wrote a good book doesn't it doesn't mean he is more ethical than average."

That should be embossed in gold (or platinum).

Naivete can ruin more than your day.

Lev
by Levett
Wed Jul 12, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Is booking travel via Chase Travel Portal cheaper?
Replies: 15
Views: 1791

Re: Is booking travel via Chase Travel Portal cheaper?

Since the question is about "cheaper," my experience has been "yes" sometimes and "no" sometimes. Use other aggregating sites and then compare with UR. In terms of "issues" with reservations made on UR, I have had none (this includes cars, hotels, airline tickets). I rank Chase very high for custome...
by Levett
Mon Jul 10, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Self insuring LTC
Replies: 15
Views: 1489

Re: Self insuring LTC

There is no such thing as "self insuring" (where's the pooling?). You are self funding.

Lev
by Levett
Sun Jul 09, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use ANNUITIES for SOME of their retirement funds?
Replies: 61
Views: 4510

Re: Does anyone use ANNUITIES for SOME of their retirement funds?

Excellent link to "Annuitization Puzzles," House Blend.

Thanks.

Lev
by Levett
Sat Jul 08, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use ANNUITIES for SOME of their retirement funds?
Replies: 61
Views: 4510

Re: Does anyone use ANNUITIES for SOME of their retirement funds?

Medicare provides a limited long term care benefit--e.g., "Medicare Part A covers up to 100 days of "skilled nursing" care per spell of illness. However, the conditions for obtaining Medicare coverage of a nursing home stay are quite stringent." I believe onthecusp has confused Medicare and Medicaid...
by Levett
Sat Jul 08, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use ANNUITIES for SOME of their retirement funds?
Replies: 61
Views: 4510

Re: Does anyone use ANNUITIES for SOME of their retirement funds?

The "puzzle" seems primarily psychological, or if you prefer "behavioral."

Repeated studies have shown that partial annuitants (that's the topic) are among the most satisfied retirees.

Whatever works!

Lev
by Levett
Sat Jul 08, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: VTMFX - Vanguard Tax Managed Balanced
Replies: 10
Views: 1674

Re: VTMFX - Vanguard Tax Managed Balanced

Yes. I own it in taxable and have done so for quite a while.

And my "confirmation bias" is so powerful that I keep a monthly automatic investment going into the account for my beneficiaries. :wink:

Lev
by Levett
Sat Jul 08, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use ANNUITIES for SOME of their retirement funds?
Replies: 61
Views: 4510

Re: Does anyone use ANNUITIES for SOME of their retirement funds?

SPIA? Yes.
SS? Yes.
RMD? Yes
Unannuitized accounts? Yes.
Pension? No.
Regrets? None.

Lev
by Levett
Fri Jul 07, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Any widower with young kids thinking about retirement?
Replies: 17
Views: 2017

Re: Any widower with young kids thinking about retirement?

Broku, In 1981 I became a widower at age 39 with three young children. Please don't leave your job, but if your employer will provide you with a several months leave (as mine did) that would be helpful. It would also be helpful if you have your parents/grandparents nearby. Under the circumstances, y...
by Levett
Wed Jul 05, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: update on early retirement plans
Replies: 9
Views: 993

Re: update on early retirement plans

fingineer,

Congratulations and enjoy the rest of your life with your wife and child and extended family. What could be better!

Lev
by Levett
Fri Jun 30, 2017 7:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 159
Views: 21255

Re: Vanguard upgraded my accounts - angry

" Not really a fan of what Vanguard is doing here."

Nor am I.

Just say, "No."

Sure, VG will ultimately prevail, but it's in their best interest, not mine.

Lev
by Levett
Tue Jun 27, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tipping floor subcontractors?
Replies: 12
Views: 924

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: 1150

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: 3876

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: 1726

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 Medi...