Search found 3940 matches

by Levett
Thu Jan 19, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: Y2k retiree how is s/he holding up after 2016
Replies: 26
Views: 3705

Re: Y2k retiree how is s/he holding up after 2016

It's all good for this happy 2000 retiree. Never bought into the 4% so-called SWR, nor did I go into retirement 75/25. Long before it became fashionable, some of us were counseled about LMP (the guaranteed"floor") by, uh, TIAA. 8-) Lev P.S. Exercises in schadenfreude don't do much for me.
by Levett
Thu Jan 19, 2017 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Help-Don't understand my mom's TIAA RMD
Replies: 9
Views: 855

Re: Help-Don't understand my mom's TIAA RMD

zeke, You need to speak with TIAA. Call 800-842-2252. It sounds like your dad may have used the TIAA Minimum Distribution Option (MDO) service. It's possible your dad had a wealth manager (WMA). Are you able to get into your dad's account? If so, if he has a wealth manager you will see it in his acc...
by Levett
Wed Jan 18, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: TIAA financial advisor?
Replies: 8
Views: 385

Re: TIAA financial advisor?

My WMA is a CFP. Interaction has been excellent. No hustle whatever. More importantly, TIAA was transparent and even provided me, by mail, with forms ADV 2A and 2B, fully disclosing levels of compensation depending on kinds of services provided. I was interested to see that Advice & Planning Ser...
by Levett
Wed Jan 18, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 35
Views: 3404

Re: When to annuitize?

House Blend,

I think you will find that the following link from the TIAA-CREF Institute reinforces many of your observations.

https://www.tiaainstitute.org/public/pd ... idence.pdf

Lev
by Levett
Wed Jan 18, 2017 4:07 pm
Forum: Investing - Theory, News & General
Topic: "The Undoing Project," by Michael Lewis
Replies: 8
Views: 1657

Re: "The Undoing Project," by Michael Lewis

Coming to The Undoing Project , as Christine did, through Thinking, Fast and Slow, provides an additional dimension to Lewis's book. Lewis does a fine job of detailing the complexities, intellectual and emotional, of the Kahneman/Tversky collaboration and separation. At times, it makes for painful r...
by Levett
Tue Jan 17, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 35
Views: 3404

Re: When to annuitize?

"I'm not trying to disparage TIAA. They may indeed be a good company. I just wonder if they have the same kind of small print, since it's fairly standard in the industry." Sorry, Homer, you effectively are disparaging TIAA. I retired in 2000. I have had both TIAA fixed and variable annuit...
by Levett
Tue Jan 17, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 35
Views: 3404

Re: When to annuitize?

100% agree with Wizard and Beardsworth re TIAA-CREF VAs.

Further, my sense is a fair number of Vanguard clients have purchased them from VG--e.g.,

https://investor.vanguard.com/annuity/v ... mpgn=PS:VA

A broad brush rarely achieves precision.

Lev
by Levett
Tue Jan 17, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 4502

Re: My co-worker boasting about his investments. What do you think about his selections?

Ask yourself why you would ever engage with a boaster? It's never about useful information. It's about a claim, however brief, to some version of status.

Listening to a boaster is dangerous to your wealth. Be a happy plodder. 8-)

Lev
by Levett
Tue Jan 17, 2017 7:00 am
Forum: Investing - Help with Personal Investments
Topic: mirror image of VBINX
Replies: 6
Views: 413

Re: mirror image of VBINX

Life Strategy Conservative Growth (VSCGX).

Lev
by Levett
Sat Jan 14, 2017 4:40 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 167
Views: 14791

Re: "Millennials may need to double how much they save for retirement"

" So it really isn't just a matter of saying "save more" for most of the population. It's one thing to say "save more" when you make hundreds of thousands of dollars a year, and something else when you earn that typical $50k for a family of four." The evidence I've seen...
by Levett
Fri Jan 13, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: House downpayment and cashing in index funds?
Replies: 16
Views: 911

Re: House downpayment and cashing in index funds?

Question: has the construction loan been approved?

Question: if you are in a "committed" relationship and have always split things 50/50, why are you altering the relationship now?

Comment: you may be spending (in more ways than one) too much on a new home.

Good luck

Lev
by Levett
Fri Jan 13, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: 225th anniversary lady liberty coin
Replies: 14
Views: 1388

Re: 225th anniversary lady liberty coin

It's a magnificent coin--a collectible.

Lev
by Levett
Fri Jan 13, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 167
Views: 14791

Re: "Millennials may need to double how much they save for retirement"

The most amazing assumption is that millennials who want to work will find productive work (from which they can save and invest) for however long they wish to work.

Try this for a thought experiment.

http://www.theatlantic.com/magazine/archive/2015/07/world-without-work/395294/

Lev
by Levett
Tue Jan 10, 2017 5:03 pm
Forum: Investing - Theory, News & General
Topic: Should I get out of TIAA traditional annuity?
Replies: 15
Views: 1019

Re: Should I get out of TIAA traditional annuity?

Trade a "tilt" for a guarantee?

Hmm.

Lev
by Levett
Mon Jan 09, 2017 4:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 100
Views: 13155

Re: Sad News About a Respected Forum Member

God bless Old Meph.

Lev
by Levett
Mon Jan 09, 2017 7:33 am
Forum: Investing - Theory, News & General
Topic: Over what time period should stocks NOT lose money
Replies: 50
Views: 3966

Re: Over what time period should stocks NOT lose money

This part of the OPs statement I agree with:

"staying invested is a prudent investment"

How you allocate, and on what basis, that's on you (or us, as the case may be).

Lev
by Levett
Sat Jan 07, 2017 7:53 am
Forum: Personal Consumer Issues
Topic: Alaska cruise - Help me convince my family
Replies: 57
Views: 3648

Re: Alaska cruise - Help me convince my family

Done both Homer (Alaska--inside passage on a sternwheeler--very cool)), Caribbean twice (St. Kitts/Nevis--condo--and Barbados--resort).

Speaking as a father, I suspect the kids will have much more to do in the Caribbean. But Alaska is certainly memorable!

Lev
by Levett
Sat Dec 31, 2016 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Delayed Gratification In Life & its fallacies
Replies: 56
Views: 5719

Re: Delayed Gratification In Life & its fallacies

Here's Jason Zweig quoting from Lucretius "On the Nature of Things":

"the key to happiness is the satisfaction of modest wants."


Lev
by Levett
Sat Dec 31, 2016 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Delayed Gratification In Life & its fallacies
Replies: 56
Views: 5719

Re: Delayed Gratification In Life & its fallacies

sat24,

Carry on with your own life and your own way of doing things.

You are absolutely right about "no guarantees," including what you read about so and so on the internet.

We learn by going where we have to go.

Happy New Year.

Lev
by Levett
Fri Dec 30, 2016 2:54 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18490

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Nedsaid commented: " Basic" when you and spouse are active and healthy can change in a hurry." For sure (and this is understood by both Dr. Bernstein and Larry Swedroe). Just two days ago, I learned that an acquaintance has been diagnosed with Alzheimer's. He and his wife are comforta...
by Levett
Thu Dec 29, 2016 12:30 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18490

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Larry writes:

"Being able to enjoy life is far more important than dying with more assets!"

Say it again and again, brother. I believe!

Lev
by Levett
Thu Dec 29, 2016 7:25 am
Forum: Investing - Theory, News & General
Topic: TIAA Traditional: "Fair Value" or "Free Lunch"?
Replies: 31
Views: 2325

Re: TIAA Traditional: "Fair Value" or "Free Lunch"?

John, TIAA uses the term in the following description (I have also seen Fitch uses the term with respect to TIAA). Sample below: PROMOTING STABILITY IN VOLATILE MARKET CONDITIONS TIAA, our insurance company affiliate, is one of only three U.S. insurance groups to hold the highest rating available fr...
by Levett
Thu Dec 29, 2016 7:03 am
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18490

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

AlohaJoe commented: " I'm not sure anyone would call "basic living expenses" having "won the game"." Speaking as a longtime retiree, I sure wouldn't identify "basic" with having "won the game." "Basic" certainly keeps you in the game (it's ...
by Levett
Tue Dec 27, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: TIAA Traditional: "Fair Value" or "Free Lunch"?
Replies: 31
Views: 2325

Re: TIAA Traditional: "Fair Value" or "Free Lunch"?

Hi Oldzey,

I don't think there's a high probability I will be around in 20 years. :annoyed

Lev
by Levett
Tue Dec 27, 2016 1:12 pm
Forum: Investing - Theory, News & General
Topic: TIAA Traditional: "Fair Value" or "Free Lunch"?
Replies: 31
Views: 2325

Re: TIAA Traditional: "Fair Value" or "Free Lunch"?

Columbia asked: "After you annuitized, did you compensate and buy bonds in another account?"

Traditional Annuity income + SS is an income floor.

Yes, I certainly do own bonds (and equity and real estate) in my "risk" portfolio.

Lev
by Levett
Mon Dec 26, 2016 5:58 pm
Forum: Investing - Theory, News & General
Topic: TIAA Traditional: "Fair Value" or "Free Lunch"?
Replies: 31
Views: 2325

Re: TIAA Traditional: "Fair Value" or "Free Lunch"?

Following up on House Blend, this is the General Account portfolio as of September 30, 2016: https://www.tiaa.org/public/pdf/performance/retirement/profiles/TIAA_Gen_Act_Fin_Strength.pdf And here is A. M. Best's analysis (and rating) as of June 2016: http://www3.ambest.com/ambv/bestnews/presscontent...
by Levett
Fri Dec 23, 2016 6:59 pm
Forum: Investing - Theory, News & General
Topic: Financial Predictions for 2017
Replies: 6
Views: 1555

Re: Financial Predictions for 2017

Prices will fluctuate.

It will all depend on "risk on" or "risk off" or perhaps a new "factor." :wink:

Lev
by Levett
Wed Dec 21, 2016 11:52 am
Forum: Investing - Theory, News & General
Topic: What are the REAL reasons to avoid international?
Replies: 71
Views: 5240

Re: What are the REAL reasons to avoid international?

The year 2015 began with a seeming embrace of international.

Remember this thread that began on January 1.

viewtopic.php?t=154400

Just an observation.

Lev
by Levett
Tue Dec 20, 2016 7:22 am
Forum: Investing - Help with Personal Investments
Topic: My "sleep well at night" number seems to be changing
Replies: 49
Views: 7988

Re: My "sleep well at night" number seems to be changing

Grok (quoting Jane Austen): "As Jane Austen once said http://www.goodreads.com/quotes/268710- ... an-annuity "people always live for ever when there is an annuity to be paid them" (Sense and Sensibility) Just ask TIAA: 30,000 annuitants over age 90. :) "I n fact, TIAA delivered m...
by Levett
Sun Dec 18, 2016 2:26 pm
Forum: Personal Consumer Issues
Topic: If a tree falls
Replies: 60
Views: 4334

Re: If a tree falls

The suggestion was made: "Talk to the neighbor." Have you spoken to your neighbor? Do you visit with your neighbors? Or does your "neighbor" simply live next door to you. Several years ago we had a somewhat comparable instance with a large branch falling and splitting a shared ba...
by Levett
Sat Dec 17, 2016 7:51 am
Forum: Investing - Help with Personal Investments
Topic: My "sleep well at night" number seems to be changing
Replies: 49
Views: 7988

Re: My "sleep well at night" number seems to be changing

Grt2bOutdoors observed:

"How much growth do you need? It seems like you are very close to winning the game. Perhaps it is time to reduce the equity allocation and do something like Grok suggested."

That's exactly what I am hearing from Beth.

Lev
by Levett
Thu Dec 15, 2016 12:04 pm
Forum: Personal Consumer Issues
Topic: Subaru Outbacks - any owners here?
Replies: 36
Views: 3180

Re: Subaru Outbacks - any owners here?

Daisy,

Have you run the specs for both Subarus through the TrueCar website to get an estimate of local pricing?

Also, do you belong to Costco? A friend who is a Costco member recently bought a Subaru through their car service. He was quite pleased with the final price.

Lev
by Levett
Wed Dec 14, 2016 4:38 pm
Forum: Investing - Theory, News & General
Topic: FED Raises Rates - Sky Falls! Bond Prices are UP!
Replies: 29
Views: 5333

Re: FED Raises Rates - Sky Falls! Bond Prices are UP!

Pick your behavioral bias.

Just watch the headlines. :wink:

Lev
by Levett
Wed Dec 14, 2016 4:32 pm
Forum: Personal Consumer Issues
Topic: Subaru Outbacks - any owners here?
Replies: 36
Views: 3180

Re: Subaru Outbacks - any owners here?

74 yo here. Driving a 2016 Subie Outback, Splendid auto.

Here is Dan Neil's take (the Outback is "the hero of the reasonable").

http://www.wsj.com/articles/2017-subaru-outback-review-a-cult-leader-with-all-wheel-drive-1475176491

Lev
by Levett
Wed Dec 14, 2016 12:17 pm
Forum: Investing - Theory, News & General
Topic: Bogle says (US) has the best investor protections and legal institutions
Replies: 88
Views: 6483

Re: Bogle says (US) has the best investor protections and legal institutions

FYI: "How can you determine which countries are risky and which ones aren't, when it comes to investor protection? The World Bank's "Doing Business" report is a good place to start. The report examines investor protection laws in 183 economies, specifically focusing on publicly traded...
by Levett
Thu Dec 08, 2016 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Where to move to for lowest health care costs (for nomad types)
Replies: 34
Views: 2873

Re: Where to move to for lowest health care costs (for nomad types)

You might comb through the following website.

http://www.well-beingindex.com/

If you are a nomad, it seems obvious to me where you do (and don't) want to go.

But I will say nothing further.

Lev
by Levett
Tue Dec 06, 2016 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Letting go is proving hard to do...
Replies: 17
Views: 3789

Re: Letting go is proving hard to do...

Thank you for the link, Livesoft.

Petro's responses are priceless. :wink:

Lev
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: 7
Views: 840

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: 53
Views: 5630

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: 1481

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 - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 5942

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: 38
Views: 1968

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: 1578

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: 2009

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: 1465

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-...

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