Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Zvi Bodie on funding your retirement
Old 08-16-2011, 09:06 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
Zvi Bodie on funding your retirement

I found this on Raddr's board.

A lecture at Boston University for their employees. VERY conservative advice.

Human Resources Zvi Bodie Video on Investing for Retirement

He was contracted to produce some videos for these people:

INCOME SOLUTIONS&reg Home page

who sell annuities.

BUT his advice to BU employees may be good.
__________________

__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-16-2011, 10:22 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Quote:
Originally Posted by Ed_The_Gypsy View Post
BUT his advice to BU employees may be good.
Annuities may be good too- just because something is disliked on this board does not mean that it is bad.

Ha
__________________

__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 08-17-2011, 03:50 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
I think his video was worth watching.

He does a good job describing the issues.
__________________
chinaco is offline   Reply With Quote
Old 08-17-2011, 07:56 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,883
Income Solutions is the company Vanguard uses for their annuity quotes.

https://personal.vanguard.com/us/wha...nuities/income
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is online now   Reply With Quote
Old 08-17-2011, 09:02 PM   #5
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
After reading the latest postings here about annuities, I bought a municipal bond this week (tax free), expiring in 2019, interest 2.9%. Not sure if this was a wise choice....

Quote:
Originally Posted by easysurfer View Post
Income Solutions is the company Vanguard uses for their annuity quotes.

https://personal.vanguard.com/us/wha...nuities/income
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 08-17-2011, 09:31 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,015
I just rolled over a GIC (CD in the US) and was delighted to be offered a 5 year fixed rate of 2.9%. That's about 1.3% over the advertised rate. So I threw an extra $50K into it.

To paraphrase Sally Field:
My bank likes me.....they really really like me!
__________________
Meadbh is offline   Reply With Quote
Old 08-17-2011, 09:35 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,615
Zvi Bodie's "Worry Free Investing" and passion for TIPS were hatched in times when TIPS paid a nice real yield. Nowadays, they have a negative yield, so you are guaranteed to lose money buying some of the different maturities.
__________________
LOL! is offline   Reply With Quote
Old 08-18-2011, 09:19 AM   #8
Thinks s/he gets paid by the post
Koolau's Avatar
 
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 3,240
Quote:
Originally Posted by LOL! View Post
Zvi Bodie's "Worry Free Investing" and passion for TIPS were hatched in times when TIPS paid a nice real yield. Nowadays, they have a negative yield, so you are guaranteed to lose money buying some of the different maturities.
Yeah, I heard about his books several years back and read the "Worry Free..." book. His approach appealed, but even by then it was too late to get into the good TIPS that had been available at one time.

I also wish I had purchased more I Bonds back when they actually paid interest!

A day late and a dollar short, I suppose.
__________________
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
Koolau is offline   Reply With Quote
Old 08-18-2011, 10:33 AM   #9
Thinks s/he gets paid by the post
kyounge1956's Avatar
 
Join Date: Sep 2008
Posts: 2,171
Can someone give a summary of the talk? I've tried several times to download it without success.
__________________
kyounge1956 is offline   Reply With Quote
Old 08-20-2011, 02:36 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,615
Quote:
Originally Posted by kyounge1956 View Post
Can someone give a summary of the talk? I've tried several times to download it without success.
That's easy: "Buy TIPS and keep working until you have enough TIPS to retire."
__________________
LOL! is offline   Reply With Quote
Old 08-21-2011, 10:33 AM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
Quote:
Originally Posted by LOL! View Post
That's easy: "Buy TIPS and keep working until you have enough TIPS to retire."
That is it!

I watched it online. Did not try to download it.
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 08-22-2011, 11:13 AM   #12
Thinks s/he gets paid by the post
kyounge1956's Avatar
 
Join Date: Sep 2008
Posts: 2,171
Quote:
Originally Posted by Ed_The_Gypsy View Post
That is it!

I watched it online. Did not try to download it.
Forcing people to stream video over a dial-up connection has been declared unconstitutional: cruel and unusual punishment. I assume that at an over an hour, the video was too big to fit in the buffer on my computer (i.e. wherever videos go when you don't try to watch them in realtime).
__________________
kyounge1956 is offline   Reply With Quote
Old 08-22-2011, 08:58 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,292
A dial-up connection? Wow! No wonder you have problems.
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 08-23-2011, 01:26 AM   #14
Thinks s/he gets paid by the post
kyounge1956's Avatar
 
Join Date: Sep 2008
Posts: 2,171
Quote:
Originally Posted by Ed_The_Gypsy View Post
A dial-up connection? Wow! No wonder you have problems.
Actually, streaming video is about the only thing I do have problems with. Anything I can download onto my hard disk before listening, watching, or installing works just fine. The download may take a long time, but I just leave it going in the background overnight or while I'm at w@rk or attending to other things, so that doesn't bother me.

I haven't switched to broadband because I don't know if I can get it where I'm planning to move when I retire, and I didn't know if I'd be able to stand going back to dial-up if I upgraded before I retire. (How ya gonna keep 'em down on the farm, after they've seen 3-G?) A week ago yesterday I took the first of what will probably be many drives down there to look at properties. When I have a definite location I'll be able to check for broadband availability, and if I can get it down there maybe I'll upgrade. The local phone company is having a promotional five-year rate on (I think) DSL for the same monthly charge I pay for dial-up now. It's mighty tempting....
__________________
kyounge1956 is offline   Reply With Quote
Old 08-23-2011, 01:38 AM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,450
Quote:
Originally Posted by kyounge1956 View Post
. The local phone company is having a promotional five-year rate on (I think) DSL for the same monthly charge I pay for dial-up now. It's mighty tempting....

DSL or some other broad band, I think falls into the life is too short to do without. YMMV.
__________________

__________________
clifp is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
"Gray divorce" in retirement Nords Life after FIRE 46 07-27-2011 09:48 PM
Middle-Income Boomers Expect Tough Retirement mickeyd FIRE and Money 27 07-27-2011 08:44 AM
GAO Report on Retirement Income Purron FIRE and Money 5 07-17-2011 03:27 PM
Mid 40's looking for soft retirement in 8yrs, 9 months and 23 days sspribyl Hi, I am... 0 07-17-2011 01:34 PM

 

 
All times are GMT -6. The time now is 01:04 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.