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Zvi Bodie on funding your retirement
08-16-2011, 08:06 PM
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#1
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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® Home page
who sell annuities. 
BUT his advice to BU employees may be good.
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08-16-2011, 09:22 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
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 Quote:
Originally Posted by Ed_The_Gypsy
BUT his advice to BU employees may be good.
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Annuities may be good too- just because something is disliked on this board does not mean that it is bad.
Ha
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"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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08-17-2011, 02:50 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
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I think his video was worth watching.
He does a good job describing the issues.
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08-17-2011, 06:56 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
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Income Solutions is the company Vanguard uses for their annuity quotes.
https://personal.vanguard.com/us/wha...nuities/income
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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
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08-17-2011, 08:02 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
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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
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__________________
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.
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08-17-2011, 08:31 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
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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! 
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08-17-2011, 08:35 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
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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.
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08-18-2011, 08:19 AM
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#8
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Quote:
Originally Posted by LOL!
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.
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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. 
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Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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08-18-2011, 09:33 AM
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#9
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Thinks s/he gets paid by the post
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Can someone give a summary of the talk? I've tried several times to download it without success.
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08-20-2011, 01:36 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
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Quote:
Originally Posted by kyounge1956
Can someone give a summary of the talk? I've tried several times to download it without success.
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That's easy: "Buy TIPS and keep working until you have enough TIPS to retire."
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08-21-2011, 09:33 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
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Quote:
Originally Posted by LOL!
That's easy: "Buy TIPS and keep working until you have enough TIPS to retire."
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That is it!
I watched it online. Did not try to download it.
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I have outlived most of the people I don't like and I am working on the rest.
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08-22-2011, 10:13 AM
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#12
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Thinks s/he gets paid by the post
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Quote:
Originally Posted by Ed_The_Gypsy
That is it!
I watched it online. Did not try to download it.
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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).
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08-22-2011, 07:58 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Dec 2004
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A dial-up connection? Wow! No wonder you have problems.
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I have outlived most of the people I don't like and I am working on the rest.
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08-23-2011, 12:26 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Sep 2008
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Quote:
Originally Posted by Ed_The_Gypsy
A dial-up connection? Wow! No wonder you have problems.
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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....
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08-23-2011, 12:38 AM
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#15
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Give me a museum and I'll fill it. (Picasso)
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Quote:
Originally Posted by kyounge1956
. 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....
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DSL or some other broad band, I think falls into the life is too short to do without.  YMMV.
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