Bogleheads.org

Levett

Three Billboards Outside Ebbing. Dark Humor. Redemptive. Grotesque. Coen Bros. on steroids. (Frances McDormand is married to Joel Coen)

It's no accident that a young man at the beginning of the film is reading Flannery O'Connor.

A memorable film!

Lev

Levett

The view of Barry Ritholtz: "It is also why I have repeatedly argued that it isn’t the valuation of markets that is so important, but rather, which direction earnings ratios are moving. 4 When we look at the sources of market gains, earnings improvements are often a much smaller factor than multiple...

Levett

Yes, I am an old person.

Been there; done that.

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Levett

In his appearance, Mr. Bogle commented on a great deal more than just Bitcoin--comments wholly consistent with his wonderful book, The Battle for the Soul of Capitalism.

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Levett

UpperNwGuy asks the pertinent question, in my view:

"Why is this an either/or question?"

The question I ask myself (and have asked for much of my adult life) is: "Am I living the life I wish to live?"

Happily, for most of my life the answer has been "yes."

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Levett

The important variables (assuming $1 million at 65 ) are where you live, what you spend, longevity , and how you allocate assets (including pensions, annuities, and Social security). Those with pensions (especially with COLA) have an immediate advantage.

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Levett

Start with assessing who you are --what you expect of yourself and life. You are just 30 years old. The odds are on your side that you will have plenty of time to weigh these questions. I agree with others that you don't want to lead a life weighed down by regret. It sounds like you have a sensible ...

Levett

Really regrettable comments, Taylor.

In logic, you have committed the most basic error: argumentum ad hominem.

Read on: http://philosophy.lander.edu/logic/person.html

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Levett

Some odd responses.

I am happy for her.

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Levett

SimpleGift's post is quite enough for me.

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Levett

Joke:

Spouse to retired spouse: "What are you going to do today?"

Retired spouse responds: "Nothing."

Spouse replies: "You did that yesterday."

Retired spouse retorts: "I didn't finish!"

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Levett

A number of us old-timers used a version of jalbert's mix of options 3 & 4: namely, 75% (or 70%) CREF Stock, 15 (or 20%) Traditional, 10% Real Estate. Of course, we eased off as we approached retirement (but that's way in the distance for your son and SO). Really quite simple and effective in the lo...

Levett

Years ago Barron's referred to it as the "idiot Wave."

Lev

Levett

Is there not a local TIAA office and/or wealth manager with whom you could do the paperwork? I, too, take RMD's from TIAA, as I'm sure others who post here do. Alternatively, since this is your first RMD, why not do it from within your account--e.g., the pdf is placed in your account and you fill ou...

Levett

I don't see any citations re the title (perhaps they exist somewhere), but the title has been used before and deserves some form of acknowledgment: e.g., https://www.forbes.com/sites/feeonlyplanner/2015/07/15/annuities-the-good-the-bad-and-the-ugly/#7417e4067990 Further, I regret the co-authors pass...

Levett

Bogle's best reminder:

"Prudent people should temper their expectations."

Always the best advice--for those who place a high value on being prudent.

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Levett

" I have about a third of my investments in stocks, with the rest in bonds. My pension covers my basic needs, and my bonds should be more than enough to see me through to the end of my days. Given this, is there any reason to rebalance into stocks during the next bear market?" In my mid-70s here. Ot...

Levett

jjustice wrote: "By the way, I share in your mystification about how Traditional does so well in the low-interest environment. It is a mystery--but one that makes me happy. " I can solve some of the mystery. Read carefully paragraph 3 of the link below. Nuveen's (higher) expense ratios flow to the G...

Levett

Beardsworth,

Your level-headedness is much appreciated.

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Levett

Mr. Bogle said:

"I just don't think it's worthwhile, hyping and trying to bring in more and more money."

I couldn't agree more.

Spend some money on higher quality service.

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Levett

Student,

You are a good student!

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Levett

How shocking that a financial institution might wish to refine a rule it principally supports! Here's Ferguson in June of 2016: http://www.thinkadvisor.com/2016/06/23/tiaas-ferguson-breaks-with-rivals-to-support-obama?migration=1&slreturn=1508801703 Let's face it: among some, TIAA is the RCO (Repugn...

Levett

Don't just get educated on estate planning. Get educated on stage 4 Melanoma. Your FIL is alive.

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Levett

75 yo. Lifting (3 days weekly), stretching and aerobic (6 days a week). 45-60 minutes each session. And single malt scotch at 5 p.m.

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Levett

As Ferguson points out, TIAA supported the fiduciary rule. "Contrary to the false assertion in the New York Times article, we were one of the few financial firms to support the fiduciary rule. This support included testimony to the Department of Labor and seven letters of support to the department. ...

Levett

Yep. It's there for those who wish to listen.

I've been with TIAA for nearly 50 years, and with Vanguard for 35 years.

They both work fine for me.

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Levett

"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.

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Levett

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

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Levett

"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...

Levett

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

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Levett

"to completely liquidate ones exposure to risk"

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

Good luck.

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Levett

Americans are increasingly choosing cremation.

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Levett

I second Fallible, Jim.

Your post is a "gem."

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Levett

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...

Levett

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...

Levett

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...

Levett

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

It often is.

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Levett

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.

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Levett

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.

That's the point.

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Levett

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

If so, I have avoided "creep."

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Levett

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.

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Levett

Daniel Klein, Travels with Epicurus.

https://www.amazon.com/dp/B0087GJ208/re ... merReviews

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Levett

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...

Levett

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.

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Levett

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

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Levett

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...

Levett

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.

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Levett

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.”

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Levett

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

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

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Levett

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

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