Search found 3749 matches

by Levett
Fri Apr 29, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with my father's LTC insurer
Replies: 8
Views: 590

Re: Problem with my father's LTC insurer

You wrote: "finances for her, and, by extension, my father" I'm married. My wife and I have separate POAs (we are a blended family). We both have separate LTCI policies. Is "by extension" a recognized legal principle in your state? It sounds like you do not have POA for your fath...
by Levett
Fri Apr 29, 2016 4:02 am
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 63
Views: 6429

Re: [favorite] Boglehead quotes

"Nothing is enough for the man to whom enough is too little."

Lev
by Levett
Sun Apr 17, 2016 6:32 pm
Forum: Investing - Theory, News & General
Topic: "Bogle's Folly"
Replies: 28
Views: 4547

Re: "Bogle's Folly"

I am not good at "belief," especially about the future. But I sure can predict the past with great accuracy, and Wellington (which I once owned but don't any longer) has been "lucky" for a long, long, long time--and with considerably less risk than holding the S & P 500 (a la...
by Levett
Sun Apr 17, 2016 2:46 pm
Forum: Investing - Theory, News & General
Topic: "Hard Truths For Investors To Wrap Their Heads Around"
Replies: 23
Views: 3345

Re: "Hard Truths For Investors To Wrap Their Heads Around"

Nisi observed:

"As with so many things in life, 1% isn't a lot, but 1% every year is an awful lot"

It continues to astonish me that so many folks just don't get it.

Lev
by Levett
Sat Apr 16, 2016 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Count TIAA Traditional towards the bond allocation?
Replies: 17
Views: 924

Re: Count TIAA Traditional towards the bond allocation?

Yes, it is factored in. A few years ago the State of Illinois retirement system (SURS?) estimated an expense of ratio around .50. The non-liquid (i.e., not vulnerable to investor hysteria) version has been a ROCK in my investment income--now in year 16 of retirement (no sarcasm intended :thumbsup )....
by Levett
Fri Apr 15, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 130
Views: 7571

Re: University of Virginia vs University of Miami

In my former academic career as a sometime administrator of a liberal arts department, I was sometimes asked by US News to participate in peer reviews of other university liberal arts programs. Here's a link to a recent ranking. http://colleges.usnews.rankingsandreviews.com/best-colleges/rankings/na...
by Levett
Fri Apr 15, 2016 5:48 am
Forum: Personal Consumer Issues
Topic: My neighborhood is too quiet (and no kids)
Replies: 44
Views: 4530

Re: My neighborhood is too quiet (and no kids)

"I named them "Youth" and "Asia."

I know the feeling.

They didn't get lost or disappear. They moved to the house behind us! :annoyed

Lev
by Levett
Thu Apr 14, 2016 3:39 pm
Forum: Personal Consumer Issues
Topic: My neighborhood is too quiet (and no kids)
Replies: 44
Views: 4530

Re: My neighborhood is too quiet (and no kids)

" College town. Lots of culture, good food, music, art, history, easygoing lifestyle, easily accessible to major cities and beautiful countryside. No major drawbacks, other than climate, which is a problem in most of North America (and lack of local employment opportunities if you are not an ac...
by Levett
Thu Apr 14, 2016 12:12 pm
Forum: Personal Consumer Issues
Topic: Door problems with new Subaru
Replies: 41
Views: 3033

Re: Door problems with new Subaru

We have owned four Subarus over time, and I currently drive a 2016 Outback. I have dealt with multiple Subaru dealers, and I don't like the sound of how the dealer is handling the problem. This is an issue for the dealer to resolve. In my experience, every time I have a Subaru serviced I receive an ...
by Levett
Thu Apr 14, 2016 5:56 am
Forum: Investing - Help with Personal Investments
Topic: Combining TIAA Accounts (RA, GRA, GSRA)
Replies: 8
Views: 600

Re: Combining TIAA Accounts (RA, GRA, GSRA)

Sorry to state the obvious, but your various accounts--and what you can do with them--are controlled by your former employer's plan document. It sounds like long after you left your former employer, the plan document experienced changes (hence your multiple accounts). Your best bet, I believe, is to...
by Levett
Tue Apr 12, 2016 4:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Funds Rank #1
Replies: 7
Views: 1177

Re: Vanguard Target Funds Rank #1

What you should say, Taylor, is VG is "gold." That's a Morningstar ranking Vanguard had going in (as a fund family). Blackrock also has "gold" even though it does not have a string of + signs. J P Morgan and T Rowe Price do not have Gold and yet they have + signs across the board...
by Levett
Tue Apr 12, 2016 3:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Funds Rank #1
Replies: 7
Views: 1177

Re: Vanguard Target Funds Rank #1

Let's be accurate. The number 1 applies to assets.

Morningstar has performed a spectacular service with this comprehensive and nuanced report.

Let's not simplify the depth and complexity of the analysis.

Lev
by Levett
Mon Apr 11, 2016 5:11 am
Forum: Personal Finance (Not Investing)
Topic: any suggestion for a good book on early retirement?
Replies: 6
Views: 1006

Re: any suggestion for a good book on early retirement?

I'm sure if you post at the following website--http://www.early-retirement.org/--you should get some good references.

I retired somewhat early and found discussions with retirees in my community--prior to my retirement--the single most useful source of information.

Good luck.

Lev
by Levett
Sun Apr 10, 2016 11:45 am
Forum: Investing - Theory, News & General
Topic: new Vanguard paper on active management
Replies: 28
Views: 1759

Re: new Vanguard paper on active management

Thank you for the response, Larry. You wrote: "But a good advisor should be able to add significant value and that value should be considered--assuming you believe that's the case." I should certainly hope that is the case, but I am happy enough with my (relatively uncomplicated) portfolio...
by Levett
Sun Apr 10, 2016 11:00 am
Forum: Investing - Theory, News & General
Topic: new Vanguard paper on active management
Replies: 28
Views: 1759

Re: new Vanguard paper on active management

I'm a tad confused by Larry Swedroe's analysis. I can buy (and have bought) a Vanguard actively managed fund without the intervention of an advisor. I pay the stated the expense ratio. If I attempt to buy a DFA fund or funds in general (one of my retirement plans does have a sprinkle of DFA), is it ...
by Levett
Sun Apr 10, 2016 6:31 am
Forum: Investing - Theory, News & General
Topic: new Vanguard paper on active management
Replies: 28
Views: 1759

Re: new Vanguard paper on active management

It has never been Vanguard's style to be coercive. It is Vanguard's style to be informative.

Lev
by Levett
Sun Apr 10, 2016 6:15 am
Forum: Investing - Help with Personal Investments
Topic: Need help understanding TIAA acronyms
Replies: 21
Views: 1128

Re: Need help understanding TIAA acronyms

CFM rightly observed: " Confusing, isn't it?" Yes, it can be. But note, as well, that the burden falls on the employer's plan--e.g., " subject to the terms of your employer's plan ." In my nearly 50 years of being a participant in TIAA's retirement program, I had many a colleague...
by Levett
Sun Apr 10, 2016 6:01 am
Forum: Investing - Theory, News & General
Topic: new Vanguard paper on active management
Replies: 28
Views: 1759

new Vanguard paper on active management

https://personal.vanguard.com/us/insights/article/active-management-success-vanguard-032016

One-third of Vanguard's global assets are actively managed, so it's a big deal to the company.

Lev
by Levett
Sat Apr 09, 2016 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Need help understanding TIAA acronyms
Replies: 21
Views: 1128

Re: Need help understanding TIAA acronyms

"No use losing out on a large amount that she might have if she had just waited." That's not how it works. All the "annuity" accounts, other than TIAA Traditional in all its guises (which has no NAV as it draws on the General Account of TIAA Life Insurance Co.), are called "...
by Levett
Sat Apr 09, 2016 6:32 am
Forum: Investing - Help with Personal Investments
Topic: Need help understanding TIAA acronyms
Replies: 21
Views: 1128

Re: Need help understanding TIAA acronyms

CFM, You/your wife should get the plan document from the employer's benefits office. Although TIAA constructs plans, it does so to the specifications of the employer. You might also call TIAA and request a guide to the terminology. You can also search each term at the TIAA website, although I don't ...
by Levett
Thu Apr 07, 2016 6:43 pm
Forum: Investing - Theory, News & General
Topic: Retirement
Replies: 32
Views: 2890

Re: Retirement

Well, since profs came up (I'm a prof Emeritus) here's my take on colleagues who hang on too long: they delude themselves into thinking they are productive. Basically, a number of the hangers-on are keeping younger, more creative folks from energizing the profession. There are exceptions, of course,...
by Levett
Wed Apr 06, 2016 6:22 am
Forum: Forum Issues and Administration
Topic: Where is sscritic?
Replies: 17
Views: 2175

Re: Where is sscritic?

As far as I know, he is ok.

On occasion, he posts elsewhere. He continues to be an excellent source of information.

He also studies Chinese--seriously.

Lev
by Levett
Mon Apr 04, 2016 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: I have reached [Index] purity
Replies: 15
Views: 2070

Re: I have reached purity

"Lord, make me chaste – but not yet!:D

Lev
by Levett
Mon Apr 04, 2016 5:59 am
Forum: Personal Finance (Not Investing)
Topic: When is it ok to splurge?
Replies: 83
Views: 7590

Re: When is it ok to splurge?

"Am I crazy or stupid or both ?"

I don't know. You are 35.

But since you asked at this site, I'm curious to know whether you will listen. :wink:

Lev
by Levett
Sun Apr 03, 2016 6:47 am
Forum: Investing - Theory, News & General
Topic: William Bernstein likes factor tilts?
Replies: 10
Views: 1466

Re: William Bernstein likes factor tilts?

The original link dates back to July 2, 2013. As in the original link, Mr. Bernstein continues to affirm: " Far, far, more important in the long run is sticking with your strategy at a given stock/bond split, than exactly what's in those stocks or bonds." Speaking as a longtime naive inves...
by Levett
Sun Apr 03, 2016 6:24 am
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (March 2016)
Replies: 11
Views: 1664

Re: madsinger monthly report (March 2016)

On a risk-adjusted basis, Wellesley just keeps chugging along. Boringly gratifying (and no secret sauce to speak off). :wink:

And, of course, there will be times when the fund lags.

Lev
by Levett
Fri Apr 01, 2016 6:07 pm
Forum: Investing - Theory, News & General
Topic: Things I'm Pretty Sure About
Replies: 22
Views: 4160

Re: Things I'm Pretty Sure About

I'm real sure about this:

"Humility may bring you more respect than vanity, but it's so hard to accept that"

This is where it begins and ends.

Lev
by Levett
Fri Apr 01, 2016 4:52 pm
Forum: Personal Consumer Issues
Topic: Antelope Canyon/Cathedral Canyon
Replies: 13
Views: 740

Re: Antelope Canyon/Cathedral Canyon

How terrible that the Navajos make some money on tours! Not.

Go with a Navajo guide and let him/her help you take some wonderful photos.

The Navajos are fine people.

Enjoy!

Lev
by Levett
Fri Apr 01, 2016 4:51 pm
Forum: Personal Consumer Issues
Topic: Antelope Canyon/Cathedral Canyon
Replies: 13
Views: 740

Re: Antelope Canyon/Cathedral Canyon

How terrible that the Navajos make some money on tours! Not.

Go with a Navajo guide and let him/her help you take some wonderful photos.

The Navajos are fine people.

Enjoy!

Lev
by Levett
Thu Mar 31, 2016 6:46 pm
Forum: Personal Consumer Issues
Topic: Do you pay for yardwork?
Replies: 61
Views: 5343

Re: Do you pay for yardwork?

$32 for lawn care (front and back) and cleanup per week.

We pay a master gardener $20 per hour (as needed) to assist my wife with front and back garden.

Lev
by Levett
Mon Mar 28, 2016 6:34 pm
Forum: Investing - Theory, News & General
Topic: It's all about saving, not investing really.
Replies: 84
Views: 7712

Re: It's all about saving, not investing really.

Vanguard has addressed this matter clearly and compellingly. http://vanguardblog.com/2016/02/09/investor-success-measured-in-dollars-not-percents/ Sample observation: "This is critically important, as a higher savings rate provides a higher probability of investor success, due to the partial sh...
by Levett
Mon Mar 28, 2016 11:40 am
Forum: Personal Consumer Issues
Topic: Your fav [US domestic] airline - as far as flying experience?
Replies: 72
Views: 3329

Re: Your fav [US domestic] airline - as far as flying experience?

We go out of our way to fly Delta.

Also like Alaska and Jet Blue.

Southwest only when necessary.

It appears we are not alone in our experience.

http://www.airfarewatchdog.com/blog/232 ... 5-edition/

Lev
by Levett
Sat Mar 26, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Information on Reverse Mortgages
Replies: 15
Views: 1288

Re: Information on Reverse Mortgages

Here's a very recent piece by Robert Powell entitled, "New Math on Reverse Mortgages."

I hope you don't get smacked by the Wall Street Journal firewall.

http://www.wsj.com/articles/new-math-on ... 1458525888

Lev
by Levett
Mon Mar 21, 2016 6:44 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents Prepare For Retirement
Replies: 9
Views: 1089

Re: Helping Parents Prepare For Retirement

So glad to see that some have followed up on derosa's wise basic query.g.,

"They came to you and specifically asked for your advice?"

Some of the best retirement advice I ever received was from my much older, experienced in-laws. 8-)

Lev
by Levett
Tue Mar 15, 2016 6:52 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 154
Views: 10801

Re: How have your homes as investments done?

"Would you consider buying a 2nd home for investment or would you rather put your money in your 3-fund Boglehead portfolio."

Neither.

Lev
by Levett
Tue Mar 15, 2016 4:19 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 154
Views: 10801

Re: How have your homes as investments done?

It never was and never will be an "investment." It's our home--where family was raised and where grown children and grandchildren come to be pampered. When we are gone there will be the value of the home to distribute, but I don't think that's what the kids will regard as the highest value...
by Levett
Fri Mar 11, 2016 5:08 pm
Forum: Investing - Theory, News & General
Topic: Target Date Fund Woes
Replies: 34
Views: 2767

Re: Target Date Fund Woes

livesoft wrtote:

"I think one can presume that Mr Wasik has plenty of copy already for the advantages and good things about Target Date funds."

Hmm.

In 15 seconds I found Mr. Wasik's piece in Forbes entitled "How to Defuse a 401(k) Bomb."

Call him skeptical.

Lev
by Levett
Thu Mar 10, 2016 12:21 pm
Forum: Investing - Theory, News & General
Topic: Where I Disagree with Vanguard - Alan Roth
Replies: 23
Views: 5903

Re: Where I Disagree with Vanguard - Alan Roth

Mr. Roth writes: "But when I hear some investors refer to Vanguard and indexing as a religion, I say enough is enough! Religion generally calls for unquestioning faith and that’s where the analogy breaks apart for me. I question everything. Though I can’t remember developing a financial plan th...
by Levett
Wed Mar 09, 2016 5:13 pm
Forum: Investing - Theory, News & General
Topic: "Monitor Your Portfolio Once This Year, Then Ignore It"
Replies: 53
Views: 6544

Re: "Monitor Your Portfolio Once This Year, Then Ignore It"

Ninegrams.

We are on the same page re fraud policy.

I take Vanguard's advice to heart with all accounts.

Trust but verify (regularly)!).

Lev
by Levett
Fri Mar 04, 2016 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Is TIAA the opposite of Bogle? Massive confusion- help please
Replies: 32
Views: 2215

Re: Is TIAA the opposite of Bogle? Massive confusion- help please

Admiral, FYI, at no point does CREF Stock claim to be an "index" fund: "This variable annuity account seeks a favorable long-term rate of return through capital appreciation and investment income by investing primarily in a broadly diversified portfolio of common stocks. Under normal ...
by Levett
Fri Mar 04, 2016 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Is TIAA the opposite of Bogle? Massive confusion- help please
Replies: 32
Views: 2215

Re: Is TIAA the opposite of Bogle? Massive confusion- help please

Admiral, Here's what you wrote: " For post-2012 (and current investments), our T-C advisor has us in 7 different equities (70%), TIAA real estate (7%), TIAA Traditional (13.5%), and Vanguard and PIMCO fixed income (5% each). I assume this was in response to our request to be more aggressive in ...
by Levett
Fri Mar 04, 2016 12:54 pm
Forum: Investing - Theory, News & General
Topic: Poll: Active Funds in Which You Invest
Replies: 76
Views: 4520

Re: Poll: Active Funds in Which You Invest

"Did somebody say it was????" Say? No. Imply? Frequently. There is a perpetual implicit assumption at this site that Bogleheads and Vanguard, mistakenly assumed to be a pure index house, are one and the same. It leads to the further (foolish) assumption that Vanguard "active" fu...
by Levett
Fri Mar 04, 2016 11:51 am
Forum: Investing - Theory, News & General
Topic: Poll: Active Funds in Which You Invest
Replies: 76
Views: 4520

Re: Poll: Active Funds in Which You Invest

"Cheat?"

I invest in Vanguard.

To the best of my knowledge, Bogleheads is not a financial organization.

Lev
by Levett
Fri Mar 04, 2016 6:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard - "Maximizing your actively managed fund strategy"
Replies: 7
Views: 1394

Re: Vanguard - "Maximizing your actively managed fund strategy"

If any of you permitted yourselves to watch, it was a really quite fine and measured presentation, and the two surveys conducted of viewers revealed what I expected: a number of Vanguard investors combine index and active, as I do. At some point the transcript (and/or video) will be posted at the ho...
by Levett
Fri Mar 04, 2016 6:02 am
Forum: Investing - Theory, News & General
Topic: Where Do You Place TIAA Traditional and Real Estate?
Replies: 5
Views: 510

Re: Where Do You Place TIAA Traditional and Real Estate?

Interesting. I have substantial money in all three accounts you mention: Traditional, TIAA Real Estate, Wellesley. I'm not a purist nor am I "wise." I follow TIAA's recommendation and regard Traditional as a "guaranteed account" (which it is for me as an annuitant), and Real Esta...
by Levett
Thu Mar 03, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Do You Give Your Friends Investment Advice?
Replies: 58
Views: 4111

Re: Do You Give Your Friends Investment Advice?

Basically if asked by a friend or acquaintance who uses a broker or adviser, the one question I ask is: do you know what you are paying for the advice?

There it stops.

With respect to questions about good investment books and the like, I am happy to suggest many titles.

Lev
by Levett
Thu Mar 03, 2016 7:11 am
Forum: Personal Consumer Issues
Topic: London hotels: St. Martins Lane or Mondrian
Replies: 11
Views: 875

Re: London hotels: St. Martins Lane or Mondrian

Sheepdog,

Whoever organized that trip has provided you with a first-rate package. I am all envy.

Two years ago we rented a flat near Regent's Park. It was just wonderful.

As Samuel Johnson (in the 18th century) wrote: "when a man is tired of London, he is tired of life!"

Lev
by Levett
Wed Mar 02, 2016 5:47 pm
Forum: Personal Consumer Issues
Topic: London hotels: St. Martins Lane or Mondrian
Replies: 11
Views: 875

Re: London hotels: St. Martins Lane or Mondrian

My goodness, sheepdog, those are nice hotels. Given the choice I would stay at the Mondrian, only because it's so close to the Thames and the Tate Gallery. But you can hardly go wrong with the St. Martin's Lane Hotel being so close to Covent Garden and so many excellent shops and pubs. Is transport ...

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