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by ObliviousInvestor
Tue May 26, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing two common Social Security claiming strategies for married couples
Replies: 15
Views: 1264

Re: Comparing two common Social Security claiming strategies for married couples

However, it does not include the COST of covering the gap in the early years by drawing down your portfolio. That's where this spreadsheet is unique. It does cover that though. You can use the discount rate in a PV Social Security analysis to account for missed-out-on returns from spending down the...
by ObliviousInvestor
Tue May 26, 2015 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing two common Social Security claiming strategies for married couples
Replies: 15
Views: 1264

Re: Comparing two common Social Security claiming strategies for married couples

in deciding whether a couple is better off utilizing a restricted application versus file and suspend, why isn't a present value analysis sufficient? I'm asking this from an academic perspective. I have not seen any reason to think that present value analysis wouldn't be sufficient. I guess I want ...
by ObliviousInvestor
Thu May 21, 2015 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 12
Views: 1254

Re: Social Security Question

So, back to the real question: Can OP who is receiving disability benefits decline his conversion at FRA of 66 to regular SS retirement benefits so that the benefits can grow? You seem to say yes in this: After reaching your FRA, you can suspend your retirement benefit and allow it to grow. I didn'...
by ObliviousInvestor
Thu May 21, 2015 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 12
Views: 1254

Re: Social Security Question

To answer your question simply, the answer is YES. I have done that very thing. (collected prior to FRA and then suspended at FRA). You can also resume anytime, even retroactively, but you only get the DRCs for the months you do not collect if you resume before 70. Just so I understand you complete...
by ObliviousInvestor
Wed May 20, 2015 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 8
Views: 995

Re: SS question

mule wrote:So if I wait till 64 or 65 to collect SS I would get more of a benefit right?

The longer you wait to file, the more you get per month. (Though there is no increase for waiting beyond age 70.)
by ObliviousInvestor
Wed May 20, 2015 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 12
Views: 1254

Re: Social Security Question

Just adding a releveant POMS reference, in case you want to have it in-hand when you speak to the SSA: https://secure.ssa.gov/apps10/poms.nsf/lnx/0202409110 GN 02409.110 Conditions for Voluntary Suspension A. When voluntary suspension is possible 1. Requesting voluntary suspension Any primary retire...
by ObliviousInvestor
Wed May 20, 2015 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 12
Views: 1254

Re: Social Security Question

I am 64 years old. I started receiving Social Security disability benefits at age 62. Upon reaching my Full Retirement Age at 66, may I suspend receiving Social Security benefits until I am 70, thus allowing my benefits to grow at 8% a year for those 4 years? Once it becomes a retirement benefit, y...
by ObliviousInvestor
Wed May 20, 2015 11:09 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 162
Views: 10090

Re: How much does social security factor into your retirement income?

I plan on taking SS at age 62 in 4 years. Not concerned with the reduced benefit. Have worked in the health care field for 30+ years now (mostly emergency medicine & now public health). Have watched a tidal wave of people die at an early age, become too ill to enjoy life, etc, etc. Wait to age ...
by ObliviousInvestor
Tue May 19, 2015 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 8
Views: 995

Re: SS question

Yes, they look at your 35 highest years (after adjusting each year for wage inflation). So, if your additional years of earnings knock an earlier year out of the 35 highest, then you would receive a higher retirement benefit than if you did not have those new years of earnings. Conversely, if your a...
by ObliviousInvestor
Sun May 17, 2015 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security question about Restricted Application
Replies: 27
Views: 1982

Re: Social Security question about Restricted Application

wolf 359: if you file a restricted application, then you are NOT entitled to your own old age benefit. That is my understanding. This is correct. To be "entitled" to a benefit (as opposed to simply "eligible" for it), you must have filed for it.* *Exception: If you are receiving...
by ObliviousInvestor
Sun May 17, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Social Security question about Restricted Application
Replies: 27
Views: 1982

Re: Social Security question about Restricted Application

This is an older thread, no I hope that this is not considered a real hijack. I have some further questions re the "restricted" application. I am planning on filing a restricted application when my spouse reaches 62 (I'll be 68 at that time) so that I can obtain my spousal benefit. (The a...
by ObliviousInvestor
Tue May 12, 2015 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Annuitized so much already ... doubting value of delaying S.S.
Replies: 19
Views: 1810

Re: Annuitized so much already ... doubting value of delaying S.S.

To get the best feedback/discussion, additional information would be helpful. For example: 1) How does your primary insurance amount compare to your wife's? (I gather yours is higher, but does she qualify for a retirement benefit of her own?) 2) Has your wife already started taking Social Security (...
by ObliviousInvestor
Mon May 11, 2015 9:39 pm
Forum: Investing - Theory, News & General
Topic: "Why Would an Experienced Investor Buy a Target-Date Fund?"
Replies: 38
Views: 4622

Re: "Why Would an Experienced Investor Buy a Target-Date Fund?"

Thank you for sharing the article, Taylor!

Wagnerjb wrote:Mike's article asks whether an experienced investor should use a Target Fund, and in my opinion the issue has nothing to do with experience. It has to do with the issues in both of the lists above.

Well said. :sharebeer
by ObliviousInvestor
Mon May 11, 2015 4:36 pm
Forum: Personal Consumer Issues
Topic: Seeking input on vehicle purchase
Replies: 19
Views: 1679

Re: Seeking input on vehicle purchase

A longer wheel-based vehicle will ride smoother/more comfortable than a shorter one, especially on longer hwy drives, all other things similar. The Outback may provide a more "car-like" ride and seem quieter too. If you are happy with smaller vehicles, the HRV may be a top contender. Espe...
by ObliviousInvestor
Mon May 11, 2015 3:57 pm
Forum: Personal Consumer Issues
Topic: Seeking input on vehicle purchase
Replies: 19
Views: 1679

Re: Seeking input on vehicle purchase

Thank you for the continued input, everybody! Also, I should add that, for us, smaller is likely better. We both feel more comfortable driving smaller vehicles (because that's what we're used to) and we rarely (never?) have had trouble with cargo capacity. As a fellow climber, you should know that a...
by ObliviousInvestor
Mon May 11, 2015 9:59 am
Forum: Personal Consumer Issues
Topic: Seeking input on vehicle purchase
Replies: 19
Views: 1679

Re: Seeking input on vehicle purchase

Thank you for the suggestion, yesac13! The HRV is definitely one that's been on our list to consider.
by ObliviousInvestor
Sun May 10, 2015 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking ahead about how to do Social Security
Replies: 29
Views: 2260

Re: Thinking ahead about how to do Social Security

Thanks for the quick reply. Of course, you are absolutely right about 66 being her FRA. (I realized that a minute ago and came to correct my post. To my delight, you had already answered it. Thanks.) I didn't quite understand the advice you have given. Let me think about it some. (I have your book ...
by ObliviousInvestor
Sun May 10, 2015 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking ahead about how to do Social Security
Replies: 29
Views: 2260

Re: Thinking ahead about how to do Social Security

One strategy to consider: One spouse (the older of the two, most likely, given that your retirement benefits are similar) files and suspends at his/her full retirement age. At the second spouse's full retirement age, the second spouse files a restricted application for spousal benefits only. Then y...
by ObliviousInvestor
Sun May 10, 2015 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Thinking ahead about how to do Social Security
Replies: 29
Views: 2260

Re: Thinking ahead about how to do Social Security

Is familiarity with tax deferred/tax exempt accounts a subject on the CPA exam and curriculum? Is it understood that a CPA is in fact an expert specifically in tax accounting and is there an additional certification to be expert in tax accounting. I know a CPA who is a tax accountant by virtue of a...
by ObliviousInvestor
Sun May 10, 2015 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Thinking ahead about how to do Social Security
Replies: 29
Views: 2260

Re: Thinking ahead about how to do Social Security

Yes, I understand the difference between eligible and entitled. Others may wish to review definitions in CFR 404.303. I was initially puzzled on what the other spouse has to be for the present spouse to file for spousal benefits. In the case of divorced spouses (applicable to me!), the other ex spo...
by ObliviousInvestor
Sun May 10, 2015 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Thinking ahead about how to do Social Security
Replies: 29
Views: 2260

Re: Thinking ahead about how to do Social Security

But I'm a bit confused about what Mike said, about the other spouse being "eligible" for SS benefits. People are eligible for claiming SS at age 62, though possibly earlier if claiming SS disability. So for me, at my FRA of 66, I should be good for claiming divorced spouse benefits (50% o...
by ObliviousInvestor
Sat May 09, 2015 7:39 pm
Forum: Personal Consumer Issues
Topic: Seeking input on vehicle purchase
Replies: 19
Views: 1679

Re: Seeking input on vehicle purchase

Thank you for taking the time to reply, Sleepy! I appreciate the suggestions.

(Also, you're right that family size is a non-issue. We have no children or plans for children.)
by ObliviousInvestor
Sat May 09, 2015 6:59 pm
Forum: Personal Consumer Issues
Topic: Seeking input on vehicle purchase
Replies: 19
Views: 1679

Seeking input on vehicle purchase

Hello, Bogleheads. I'm looking to get some input on our upcoming car purchase. :) We're currently planning to replace our 2008 Honda Fit Sport. Our primary motivation is simply to get access to improved safety features -- most notably electronic stability control, though better performance in the &q...
by ObliviousInvestor
Sat May 09, 2015 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking ahead about how to do Social Security
Replies: 29
Views: 2260

Re: Thinking ahead about how to do Social Security

I never knew this until this week, and I really like what I'm hearing. So here's another question. Can we both do "spousal only" on each other? (sounds kinky, but potentially rewarding!) I figure that would really be too good to be true, but gotta ask. Thanks so much for your quick respon...
by ObliviousInvestor
Sat May 09, 2015 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking ahead about how to do Social Security
Replies: 29
Views: 2260

Re: Thinking ahead about how to do Social Security

Thanks. I'm going to look into all of these. One more question regarding the restricted application for spousal only, after FRA. In our situation, I would think we would both still be working. Can you tell me in general terms what the tax implications of that are? I'm assuming it's still "wort...
by ObliviousInvestor
Sat May 09, 2015 3:32 pm
Forum: Forum Issues and Administration
Topic: Am I the only one not getting notifications?
Replies: 11
Views: 1100

Re: Am I the only one not getting notifications?

cheese_breath wrote:No you're not the only one. I'm waiting for them to eventually bust loose and flood my inbox.

Ditto this. :)
by ObliviousInvestor
Sat May 09, 2015 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking ahead about how to do Social Security
Replies: 29
Views: 2260

Re: Thinking ahead about how to do Social Security

1. Where on this board might you point me for more info? Found the Wiki, obviously can Google for posts. Anywhere else? Just searching through sscritic's past posts will give you a lot of information. If you're interested in books, I would recommend these three: Social Security Made Simple (thoroug...
by ObliviousInvestor
Thu May 07, 2015 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Help delaying SS (or not)
Replies: 6
Views: 485

Re: Help delaying SS (or not)

For starters, you can probably file for Spousal benefits when you are FRA, which should help getting you through from age 66 to 70. It will be 50% of your wife's FRA-age benefits unless she originally filed before her FRA, in which case you'll get half of what her early filing benefits are. RM Even...
by ObliviousInvestor
Thu Apr 30, 2015 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question:
Replies: 33
Views: 3774

Re: Social Security Question:

If she feels she needs the money she can file as herself when she retires at 63 (she can't file a restricted application until her FRA). At 66 she could suspend her benefits and allow them to accumulate credits based on a lowered amount because she filed early, but still increasing 8% a year from w...
by ObliviousInvestor
Sat Apr 25, 2015 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Clarification Regarding Social Security Benefits
Replies: 3
Views: 780

Re: Clarification Regarding Social Security Benefits

If your husband predeceases you, you have already reached your full retirement age, and you file for your benefit as his widow, the total amount you would receive would be the amount he was receiving (assuming that that amount is greater than your own retirement benefit). If you file for widow's ben...
by ObliviousInvestor
Sat Apr 25, 2015 6:57 pm
Forum: Investing - Theory, News & General
Topic: VIGIX unbalanced? [Vanguard Growth Index]
Replies: 20
Views: 1102

Re: VIGIX unbalanced?

Being a Boglehead is not about costs and tax-efficiency. It is the adoption of the market efficiency theory. I suspect many Bogleheads would disagree with this. Bogle himself, for instance, has stated on a few occasions a preference for his "cost matters hypothesis" over the efficient mar...
by ObliviousInvestor
Sat Apr 25, 2015 12:16 pm
Forum: Investing - Theory, News & General
Topic: VIGIX unbalanced? [Vanguard Growth Index]
Replies: 20
Views: 1102

Re: VIGIX unbalanced?

Being a Boglehead is not about costs and tax-efficiency. It is the adoption of the market efficiency theory. I suspect many Bogleheads would disagree with this. Bogle himself, for instance, has stated on a few occasions a preference for his "cost matters hypothesis" over the efficient mar...
by ObliviousInvestor
Thu Apr 23, 2015 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: CSRS Offset [Civil Service Retirement System]
Replies: 3
Views: 527

Re: CSRS Offset [Civil Service Retirement System]

In the past my wife had someone in the Government determine that she was not under the WEP. If I understand, then she would not have her SS reduced. Correct? Just when you think you have it figured out....then something else comes into play. To the best of my knowledge, the WEP is the only thing th...
by ObliviousInvestor
Wed Apr 22, 2015 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: CSRS Offset [Civil Service Retirement System]
Replies: 3
Views: 527

Re: CSRS Offset [Civil Service Retirement System]

After OPM communicates with Social Security and SS responds with the info requested to reduce the CSRS annuity does SS security also reduce the SS benefit? An amount of SS taxes were paid while under the offset period. The Office of Personnel Management has a pretty well written answer in this docu...
by ObliviousInvestor
Wed Apr 08, 2015 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Question on SS Spousal benefits
Replies: 3
Views: 507

Re: Question on SS Spousal benefits

The requirements for receiving a spousal benefit can be found here: http://www.ssa.gov/OP_Home/cfr20/404/404-0330.htm In the situation you have described (equal or similar primary insurance amounts, with your wife having already filed for her own retirement benefit) your wife would not be eligible f...
by ObliviousInvestor
Tue Apr 07, 2015 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit Question
Replies: 4
Views: 584

Re: Social Security Spousal Benefit Question

My wife and I are both 64, but wife is 7 months older. We both intend to start full benefits at age 70, but we want to do the file & suspend spousal benefit thing at age 66. My benefit at 66 will be $2,490, wife’s will be $2,100. I assume it is best for her to apply for ½ of my benefit, but is ...
by ObliviousInvestor
Fri Apr 03, 2015 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: early retiree, ACA "obamacare" MAGI ? but which numbers ??
Replies: 26
Views: 3582

Re: early retiree, ACA "obamacare" MAGI ? but which numbers

... a) there are limitations to the amount of advance-premium-tax-credit that a person can have to pay back, and... Had a look at the above link. Does this language in the code makes it sound as though excess PTC get taxed? I thought you simply had to pay back the excess at the end of the year. (2)...
by ObliviousInvestor
Fri Apr 03, 2015 10:15 am
Forum: Personal Finance (Not Investing)
Topic: early retiree, ACA "obamacare" MAGI ? but which numbers ??
Replies: 26
Views: 3582

Re: early retiree, ACA "obamacare" MAGI ? but which numbers

Tangential followup - what would happen if a person just purchased insurance via healthcare.gov by entering the exact amount necessary to qualify for the maximum subsidy and then did the best they could to hit that number by next year's tax filing date? Worse case you would miss it by a few thousan...
by ObliviousInvestor
Fri Apr 03, 2015 9:41 am
Forum: Personal Finance (Not Investing)
Topic: early retiree, ACA "obamacare" MAGI ? but which numbers ??
Replies: 26
Views: 3582

Re: early retiree, ACA "obamacare" MAGI ? but which numbers

This may be a bit of a tangent, but in general, I would caution against using obamacarefacts.com as a credible source. See this page, for instance, where they get the definition of MAGI completely wrong (at least for the context in question): http://obamacarefacts.com/insurance-exchange/calculating-...
by ObliviousInvestor
Thu Apr 02, 2015 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Has health coverage under ACA affected investment decisions?
Replies: 21
Views: 2065

Re: ACA MAGI and Capital Gains

Maybe I'm over thinking this but what if MAGI is not the concern after all. In other words, even though cap gains from sale of residence do not fall under the definition of MAGI, wouldn't they still be income under the ACA? For instance, even though my qualified dividends are not taxable (due to 10...
by ObliviousInvestor
Thu Apr 02, 2015 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Has health coverage under ACA affected investment decisions?
Replies: 21
Views: 2065

Re: ACA MAGI and Capital Gains

I just thought of something else. This may also obviate my concern but do you even report the gain on the sale of a personal residence on a federal tax return if the gain on the sale is below the capital gain exclusion threshold? It depends. :) IRS Publication 523 does a good job of answering that ...
by ObliviousInvestor
Thu Apr 02, 2015 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Has health coverage under ACA affected investment decisions?
Replies: 21
Views: 2065

Re: ACA MAGI and Capital Gains

So my question is this. Even though capital gains on the sale of ones home are exempt from taxation, does that mean they are excluded from MAGI, or would those gains be included in MAGI for ACA purposes? You can find the actual code section here: https://www.law.cornell.edu/uscode/text/26/36B#d Par...
by ObliviousInvestor
Tue Mar 31, 2015 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 12974

Re: When will / did you claim Social Security benefits?

I will wait until 70. I want my wife to have maximum benefits even if I don't live much after 70. I am assuming that my wife will receive maximum benefits (based on me) at her FRA if I wait until 70, is that correct? If I claim earlier, then her benefits (death benefits), if I die before 70, will b...
by ObliviousInvestor
Tue Mar 31, 2015 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 12974

Re: When will / did you claim Social Security benefits?

Someone said Lawrence Kotlikoff has a personal and political agenda.I don't think it's true. All the experts online are recommending like Kotlikoff. Of course nothing is one size fits all. People can have different reason to take different approach. I think BH people are smarter since majority of t...
by ObliviousInvestor
Mon Mar 30, 2015 9:31 am
Forum: Personal Finance (Not Investing)
Topic: A Social Security question
Replies: 10
Views: 1460

Re: A Social Security question

Survivor Benefits at 60 Looked Best I ran this hypothetical calculation for my widowed brother who is not yet 60. When I looked at the calculations, assuming you don't get your benefits reduced by going over the ($15,720) earnings limit, if your plan is to delay your benefits until they get larger,...
by ObliviousInvestor
Mon Mar 30, 2015 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Government Pension Offset Q
Replies: 2
Views: 344

Re: Government Pension Offset Q

Correct. Since your husband is the one with the government pension, the GPO would reduce the amount your husband can receive as your spouse (or widower). It does not affect your own Social Security benefits.
by ObliviousInvestor
Mon Mar 30, 2015 7:55 am
Forum: Personal Finance (Not Investing)
Topic: A Social Security question
Replies: 10
Views: 1460

Re: A Social Security question

Carl53 wrote:Note that the maximum her own benefits will be is likely 129.33% (not 132%) of her PIA due to her birth year.

Good catch. Thank you. I had read the original post to mean that she's 62 already, and overlooked the additional information later.
by ObliviousInvestor
Sun Mar 29, 2015 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: A Social Security question
Replies: 10
Views: 1460

Re: A Social Security question

She is not remarried, but she made considerably less than her late husband, especially when she cared for him while he had cancer. Her late husband would be 69 if he had survived and she is almost 59. She doesn’t want to start her own Social Security at age 62 if she retires early, because the amou...
by ObliviousInvestor
Sun Mar 29, 2015 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Guidance/Specialist
Replies: 5
Views: 842

Re: Social Security Guidance/Specialist

No, you cannot expect a CFP to necessarily know all the ins and outs of Social Security planning. There are several people here who may be able to help. Alternatively, Jim Blankenship (a CFP with the Garrett Planning Network) is very knowledgable about Social Security. http://financialducksinarow.co...

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