Search found 4067 matches

by Levett
Mon Sep 25, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 134
Views: 9386

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: 134
Views: 9386

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: 7469

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: 23661

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: 23661

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: 40
Views: 4359

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: 3988

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: 1569

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: 3350

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: 2206

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: 6700

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: 2956
Views: 866305

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: 5779

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: 2857

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: 3974

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: 5744

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: 808

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: 5719

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: 1830

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: 12349

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: 2801

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: 2801

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: 1708

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: 1449

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: 4418

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: 4418

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: 4418

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: 1542

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: 4418

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: 1958

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: 950

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: 19932

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: 890

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: 1086

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: 3781

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: 1690

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...
by Levett
Mon Jun 19, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Avoid taking Dividends?
Replies: 21
Views: 2530

Re: Avoid taking Dividends?

Thanks, 2015, for the Munger comments--really, really good stuff. :happy

Lev
by Levett
Fri Jun 16, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?
Replies: 11
Views: 765

Re: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?

"Let's say you liked the idea of this balanced fund, but wanted a 65/35 or 70/30 split."

But that's not what you originally said. :wink:

Lev
by Levett
Fri Jun 16, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?
Replies: 11
Views: 765

Re: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?

Gary,

If you are attracted to VBIAX, why would you want to approximate it?

Why not buy it?

(Perhaps I have missed something.)

Lev
by Levett
Wed Jun 14, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree needs help
Replies: 5
Views: 875

Re: Retiree needs help

You might be a candidate for Vanguard Personal Advisory Services, mainly to protect your younger spouse.

Lev
by Levett
Wed Jun 14, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Bought $31K Stocks Today: Am I Mad?
Replies: 32
Views: 3946

Re: Bought $31K Stocks Today: Am I Mad?

If your perspective is longer than a day or a month or even a year, you are sane.

Lev
by Levett
Wed Jun 14, 2017 2:01 pm
Forum: Investing - Theory, News & General
Topic: Is Inflation Dying of Old Age?
Replies: 82
Views: 7757

Re: Is Inflation Dying of Old Age?

Today's bond market response to a Fed hike (so far).

U.S. 10 Year 21/32 2.138
U.S. 30 Year 1 24/32 2.780

What inflation? ;-)

Lev
by Levett
Mon Jun 12, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard believes in active managment
Replies: 19
Views: 1771

Re: Vanguard believes in active managment

FYI, There is a link to a VG research paper (dated October 2015) attached to the link of the graphic that was posted. I'm not sure what the phrase "beat the market" encompasses, but the active funds, like the index funds, have their performance measured against relevant (in Vanguard's eyes...
by Levett
Mon Jun 12, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard believes in active managment
Replies: 19
Views: 1771

Re: Vanguard believes in active managment

One third of global AUM is in so-called "active." Vanguard does many things well (including keeping costs down in "active").
BH, as we know, is a discussion group.
VG is a company.
Big difference IMHO.

Lev
by Levett
Sat Jun 10, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: Is Inflation Dying of Old Age?
Replies: 82
Views: 7757

Re: Is Inflation Dying of Old Age?

I appreciate the post, Todd. It's a subject I have thought about, but not at your level of sophistication.

Thanks.

Lev
by Levett
Sat Jun 03, 2017 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Boglehead approved actively managed funds!
Replies: 28
Views: 3171

Re: Boglehead approved actively managed funds!

Dunno about Bogleheads, but here's Vanguard's list of "select funds."

https://investor.vanguard.com/mutual-fu ... nd-returns

Lev
by Levett
Fri Jun 02, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: Murphy's Law Of Retirement
Replies: 56
Views: 8987

Re: Murphy's Law Of Retirement

"It's only when markets enter a swift or sustained downturn that one comes to realization what goes up, can come down."

Man. Ain't that the truth!

Lev
by Levett
Thu Jun 01, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Future Retirement Plan
Replies: 46
Views: 3398

Re: Future Retirement Plan

KL, I was referring to the general rise of healthcare c os ts over my nearly 17 years of retirement. I have been into regular exercise (as well as competitive sports in younger years) since grade 4. This is surely helpful, but as I say to my internist: " Maybe I'll be the most fit corpse at the...