Search found 2598 matches

by ObliviousInvestor
Wed Aug 26, 2015 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Got my retirement statement from Social Security
Replies: 13
Views: 1940

Re: Got my retirement statement from Social Security

I'm 44. I haven't seen one of these statements in years. I used to get them annually. Yes, you only get them every 5 years now (unless you're age 60+ and not yet collecting). anyway, if I would to stop working now, I get $1900/month at age 67. is that $1900 is in today's $? so at age 67, it could b...
by ObliviousInvestor
Sun Aug 23, 2015 4:30 pm
Forum: Forum Issues and Administration
Topic: Not getting some email notifications
Replies: 13
Views: 1590

Re: Not getting some email notifications

I'm still having the problem as well. I don't know if this is useful information or not in terms of diagnosing the problem, but in many cases, after I revisit the discussion thread to which I'm subscribed, I immediately get the email relating to the new post (even if the new post was from several ho...
by ObliviousInvestor
Sun Aug 23, 2015 12:40 pm
Forum: Investing - Theory, News & General
Topic: Social Security calculation for retiring before 62
Replies: 3
Views: 427

Re: Social Security calculation for retiring before 62

I also see sites with mumbo jumbo like this "For example, if your social security statement says you will get $1,100 a month at age 62, that estimate assumes you work until you turn 62. This means if you take early retirement your social security benefits may be less than what you see on your ...
by ObliviousInvestor
Wed Aug 19, 2015 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security surviving spouse
Replies: 3
Views: 494

Re: Social Security surviving spouse

Mike, I believe he can stop his current benefits and then restart them later at an increased rate, although they will always be "reduced" because he started at age 62. The question is what the survivor benefits would be during that time he suspended his own. Yep. In this regard, the analy...
by ObliviousInvestor
Wed Aug 19, 2015 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security surviving spouse
Replies: 3
Views: 494

Re: Social Security surviving spouse

There isn't much opportunity for clever strategies here. Because he is more than 1 year past the point at which he filed for his retirement benefit, he cannot un-file, so to speak. He could file for a widower benefit, but it wouldn't be instead of his retirement benefit. That is, he'd still be recei...
by ObliviousInvestor
Wed Aug 19, 2015 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: SSA: your estimated benefits (how to calculate)
Replies: 30
Views: 3197

Re: SSA: your estimated benefits (how to calculate)

In fact each year has an "index factor" which is designed to convert old wage dollars to today's wage dollars. I don't know what it is measuring precisely, but one thing it does not do is grow at the same rate as the SS maximum wage base. To take an example, let's compare 1984 with 2014. ...
by ObliviousInvestor
Tue Aug 18, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: When can I claim social security widow's benefits?
Replies: 14
Views: 1288

Re: When can I claim social security widow's benefits?

I could be "mis-remembering," but I thought I read something about things being slightly different if your birthday was on the first day of the month? Or maybe that just applies to when your first check is due? - Can anyone shed some light? Here's the relevant POMS section, as well as the...
by ObliviousInvestor
Sun Aug 16, 2015 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: When can I claim social security widow's benefits?
Replies: 14
Views: 1288

Re: When can I claim social security widow's benefits?

Update: Our venerable Social Security expert has reminded me via PM that, with regard to the earnings test, no earnings in the month in which you reach FRA count. That is, it doesn't matter when in the month your birthday occurs. (The business about being a given age for the entire month is with reg...
by ObliviousInvestor
Sun Aug 16, 2015 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: When can I claim social security widow's benefits?
Replies: 14
Views: 1288

Re: When can I claim social security widow's benefits?

So - any specific advice as to the month in 2016 I should claim on my late husband's social security benefits? By the way, Mike - I love your books! Given the size of your monthly earnings, it looks like the earnings test would completely eliminate any benefits that you would otherwise receive prio...
by ObliviousInvestor
Sun Aug 16, 2015 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: When can I claim social security widow's benefits?
Replies: 14
Views: 1288

Re: When can I claim social security widow's benefits?

When can I claim as my late husband's widow without my benefits being decreased for going over the earnings limit? The earnings test no longer applies once you reach your FRA. Of note, however, is that the earnings test works differently in the year in which you reach your FRA, so you may be able t...
by ObliviousInvestor
Sat Aug 15, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: What does "LBYM" refer to? Beyond or Below your means?
Replies: 33
Views: 2228

Re: What does "LBYM" refer to? Beyond or Below your means?

While I can find articles using "beyond" instead of "below" they are usually describing how NOT to do that and suggesting you LBYM (Below) instead. Search results for LBYM using below outnumber LBYM using beyond by a large margin. I get 50,000 for "living beyond your means....
by ObliviousInvestor
Fri Aug 14, 2015 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security while still working
Replies: 8
Views: 740

Re: Social Security while still working

Maybe Mike Piper has some wisdom or actual knowledge to contribute here... My wife and I both worked while receiving Social Security, and we just resigned ourselves to trying to communicate earnings estimates to the SSA, and once or twice a year getting letters out of the blue--depending on when th...
by ObliviousInvestor
Fri Aug 14, 2015 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: What does "LBYM" refer to? Beyond or Below your means?
Replies: 33
Views: 2228

Re: What does "LBYM" refer to? Beyond or Below your means?

In my experience, outside of Bogleheads, it usually means "live beyond your means" (spending too much money). Here on Bogleheads, it pretty much always means "live below your means" (which I usually hear referred to as "living within your means" elsewhere).
by ObliviousInvestor
Fri Aug 14, 2015 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Social Security while still working
Replies: 8
Views: 740

Re: Social Security while still working

1. If I were to start collecting SS before full retirement age (66 for me), the SSA would recover it when I reach the limit on earnings, right? How does SS know when I reach the limit? Is it a calendar year determination? Or do they monitor my earnings as I go along? They do not monitor your earnin...
by ObliviousInvestor
Thu Aug 13, 2015 6:02 pm
Forum: Forum Issues and Administration
Topic: Not getting some email notifications
Replies: 13
Views: 1590

Re: Not getting some email notifications

retiredjg wrote:It started again. Not getting many email notifications of a new post in a thread to which I am subscribed. I get a few but I'm not getting all of them by a long shot. :|

I haven't gotten any for the last few days.
by ObliviousInvestor
Fri Aug 07, 2015 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting For 2016 Medicare Part B Increase
Replies: 63
Views: 4432

Re: Budgeting For 2016 Medicare Part B Increase

Sec. 1839 says: "In calculating the monthly actuarial rate, the Secretary shall include an appropriate amount for a contingency margin." This contingency margin could include an amount to account for the fact that many beneficiaries can't have their premiums increased due to the held harm...
by ObliviousInvestor
Fri Aug 07, 2015 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting For 2016 Medicare Part B Increase
Replies: 63
Views: 4432

Re: Budgeting For 2016 Medicare Part B Increase

With regard to whether the linked-to articles are correct, sscritic has it on good authority that the key point is in section 1839 of the Social Security Act, paragraph (a)(1). Specifically, "In calculating the monthly actuarial rate, the Secretary shall include an appropriate amount for a cont...
by ObliviousInvestor
Mon Aug 03, 2015 8:22 pm
Forum: Investing - Theory, News & General
Topic: Where can you get unbiased financial information? (Mike Piper)
Replies: 18
Views: 1695

Re: "Where Can You Get Unbiased Financial Information?"

Wow, thanks for sharing the article, everybody! :) As far as unbiased sources that are still knowledgable, something like the Bogleheads forum is about the closest you can get. Most people there do not work in the financial industry at all and therefore have nothing to gain from convincing you of on...
by ObliviousInvestor
Sun Aug 02, 2015 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 10
Views: 1190

Re: SS Question

Mike, I was referring to the WEP/GPO provisions when I asked the question due to the question posed by the OP and his wife's available options for SS. You answered the question, as did a well known member who sent me a PM. It looks like the amount, if any that his wife can draw is dependent on the ...
by ObliviousInvestor
Sun Aug 02, 2015 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 10
Views: 1190

Re: SS Question

PS. One thing I'd like to add is that I'm pretty sure my wife gets nothing from my SS. She herself has earned enough points but was told because of her county retirement (paid no SS), she will not get one dime from SS. So I would assume that means spousal benefits too. She was told though that she ...
by ObliviousInvestor
Sat Aug 01, 2015 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 10
Views: 1190

Re: SS Question

With regard to the earnings test, your wife's earnings will not reduce the amount of retirement benefits that you receive. Her earnings could, however, reduce any of the following: 1) Her retirement benefit, 2) Her benefit as your spouse, 3) Your benefit as her spouse. If you claim SS while still wo...
by ObliviousInvestor
Fri Jul 31, 2015 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Medicare ACA intersection
Replies: 6
Views: 401

Re: COBRA Medicare ACA intersection

I do not have experience with this -- looking it up for the first time. So hopefully somebody can confirm (or confidently refute) what I'm writing here. This looks to be the CFR section about special enrollment periods: https://www.law.cornell.edu/cfr/text/45/155.420 Subsection (d) deals with when s...
by ObliviousInvestor
Fri Jul 31, 2015 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Social security
Replies: 7
Views: 671

Re: Social security

The following recent thread discusses the same topic: https://www.bogleheads.org/forum/viewtopic.php?t=168328 An astute observer points out via PM that the math in the article isn't quite right. If the person's PIA is $2,663, their benefit at age 69.5 would be $3,408 rather than the $3,374 that the ...
by ObliviousInvestor
Wed Jul 29, 2015 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion: Threshold checklist
Replies: 50
Views: 3508

Re: Roth conversion: Threshold checklist

One step I would take is check your prior tax returns for any credits/deductions that you've taken in the past (and which -- income limits aside -- you would be able to continue taking), so that you can look into relevant thresholds for those. Also, it will be important to remember that the income b...
by ObliviousInvestor
Mon Jul 27, 2015 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: File and suspend SS for dad
Replies: 5
Views: 559

Re: File and suspend SS for dad

Just echoing what others have noted: It is too late to withdraw the application (i.e., pay back benefits and make it as if he had not yet filed), because there is only a 1-year window for that. But it is not too late to suspend and still get a little bit of an increase.
by ObliviousInvestor
Sun Jul 26, 2015 9:02 pm
Forum: Personal Consumer Issues
Topic: Can you return food at a restaurant and not have to pay for it?
Replies: 46
Views: 4503

Re: Can you return food at a restaurant and not have to pay for it?

I have to do this on a fairly regular basis -- probably one out of every twenty times we eat out. I have celiac disease, which means I get super sick if I eat anything with wheat. So when I order I often end up explaining that I can't have gluten, then asking them to leave off a side that ordinaril...
by ObliviousInvestor
Sun Jul 26, 2015 4:53 pm
Forum: Personal Consumer Issues
Topic: Can you return food at a restaurant and not have to pay for it?
Replies: 46
Views: 4503

Re: Can you return food at a restaurant and not have to pay for it?

I have to do this on a fairly regular basis -- probably one out of every twenty times we eat out. I have celiac disease, which means I get super sick if I eat anything with wheat. So when I order I often end up explaining that I can't have gluten, then asking them to leave off a side that ordinarily...
by ObliviousInvestor
Sun Jul 26, 2015 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting For 2016 Medicare Part B Increase
Replies: 63
Views: 4432

Re: Budgeting For 2016 Medicare Part B Increase

Thank you for the reply, Ron. I guess we'll wait and see. :)

If anybody happens to remember this thread and post an update when the time comes, I would sincerely appreciate it. It would be helpful going forward if we could all be confident in our understanding of how this works.
by ObliviousInvestor
Sun Jul 26, 2015 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting For 2016 Medicare Part B Increase
Replies: 63
Views: 4432

Re: Budgeting For 2016 Medicare Part B Increase

Are we sure that the article is correct on this point? I always like to check the source material to learn more (especially on topics, like Medicare, in which I am not an expert). The article is supposedly about several pieces of information from this year's Trustees Report, but I'm not seeing anyth...
by ObliviousInvestor
Sun Jul 26, 2015 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Unique Social Security Question
Replies: 3
Views: 760

Re: Unique Social Security Question

All the stuff about performing "substantial services" for one's business is only relevant with regard to the "grace year" rule. The grace year rule is an exception to the normal earnings test rule. It allows you, in some cases, to avoid applicability of the earnings test in the f...
by ObliviousInvestor
Fri Jul 24, 2015 6:30 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3834

Re: How to pay taxes on blog income?

Yes, very interesting. I was not aware of this. There also appears to be a difference in which SE taxes are deducted to reach net earnings from self-employment. The snippet: For SIMPLE plans, net earnings from self-employment is the amount on line 4 of Short Schedule SE or line 6 of Long Schedule S...
by ObliviousInvestor
Fri Jul 24, 2015 9:00 am
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3834

Re: How to pay taxes on blog income?

Why not an individual 401(k)? At lower income levels, a SIMPLE can sometimes make sense in that it allows for a higher contribution due to the different definition of "net earnings from self-employment." Could you enlighten us on this. I am not aware of anything about self-employment inco...
by ObliviousInvestor
Thu Jul 23, 2015 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Not paying estimated taxes
Replies: 20
Views: 2352

Re: Not paying estimated taxes

Why is taking additional money out of the IRA the only option other than paying a penalty? Why not increase the withholding from your wife's wages for instance?
by ObliviousInvestor
Thu Jul 23, 2015 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 8084

Re: Why did you take SS at FRA instead of delaying until 70?

MarketWatch had an article about this recently. I thought is had some excellent points and real world reasons for doing so. There is no ‘right’ answer on when to claim Social Security by George Sisti. George Sisti has some very good and sensible explanations for his views and recommendations. http:...
by ObliviousInvestor
Wed Jul 22, 2015 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Finances: Findings of the 2015 Trustees Report
Replies: 4
Views: 631

Re: Social Security Finances: Findings of the 2015 Trustees Report

Thanks for the heads-up, Bob! Has there ever been a time in SS history that the SSA has reduced the benefits of recipients who were already receiving SS benefits? I'm not talking about poor COLA numbers, but the SSA actually reducing benefits across the board for those already receiving them. If so,...
by ObliviousInvestor
Wed Jul 22, 2015 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 8084

Re: Why did you take SS at FRA instead of delaying until 70?

If delaying is actuarially advantageous, that means that if the person lives exactly to their life expectancy, they will have been better off delaying. If delaying is actuarially neutral, they will have been as well off having delayed as having claimed early, if they live to their life expectancy. ...
by ObliviousInvestor
Wed Jul 22, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 8084

Re: Why did you take SS at FRA instead of delaying until 70?

It's still often actuarially advantageous for the lower earner in married couples to file early, especially if one spouse is in poor health. And it is still often actuarially advantageous for unmarried people to file early if they are in poor health (or, in some cases, not as early as 62 but not as...
by ObliviousInvestor
Wed Jul 22, 2015 2:45 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3834

Re: How to pay taxes on blog income?

On a related topic- Has anyone with blog income or side income ever set up a Simple IRA? - I am curious as to what is involved in setting one up- Is there paperwork involved or is a 1099 showing income sufficient to establish your personal business- Currently I am working to set up a side business ...
by ObliviousInvestor
Wed Jul 22, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 8084

Re: Why did you take SS at FRA instead of delaying until 70?

Please correct if I am wrong, but I am pretty sure I read a post by bobcat2 that indicated that with low inflation and low interest rates, delaying is not neutral, but advantageous for everyone. You are correct that low inflation-adjusted interest rates make delaying better than it would be if infl...
by ObliviousInvestor
Tue Jul 21, 2015 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 8084

Re: Why did you take SS at FRA instead of delaying until 70?

I plan to start SS benefits at 62, in just seven months. My spouse will take spousal benefits at 62 less than two years later (no benefits due based on own earnings). I am so confused. I thought you had to be FRA to claim spousal. Nope, just 62. You do have to be FRA to receive a full spousal benef...
by ObliviousInvestor
Mon Jul 20, 2015 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 8084

Re: Why did you take SS at FRA instead of delaying until 70?

This is a little off topic, but since most people start collecting SS at 62 instead of FRA or 70 will that allow the SS trust fund to stay solvent longer? I've looked for some data on this but have come up with nothing. Well, the fact that many people use suboptimal claiming strategies (and often &...
by ObliviousInvestor
Mon Jul 20, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 8084

Re: Why did you take SS at FRA instead of delaying until 70?

Filed at 68 and 7 months instead of waiting till 70. Reasons: ... 2) Did not want to extend the break even age any further. ... I could be wrong, but my understanding is that the break even point is the same no matter when you file. So if you waited until 70, you would be missing payments for anoth...
by ObliviousInvestor
Sun Jul 19, 2015 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 8084

Re: Why did you take SS at FRA instead of delaying until 70?

Kind of disappointing that so few of the posters actually read the question, and answered why they chose to take SS at FRA versus 70 :oops: Good point, but I found so many of the responses interesting anyway. Also, FRA is only 1 month out of a 96 month window. Limiting the discussion strictly to pe...
by ObliviousInvestor
Sun Jul 19, 2015 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 8084

Re: Why did you take SS at FRA instead of delaying until 70?

Kind of disappointing that so few of the posters actually read the question, and answered why they chose to take SS at FRA versus 70 :oops: Good point, but I found so many of the responses interesting anyway. Also, FRA is only 1 month out of a 96 month window. Limiting the discussion strictly to pe...
by ObliviousInvestor
Sun Jul 19, 2015 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: To roll or not to roll - (former employer 401-K)
Replies: 10
Views: 683

Re: To roll or not to roll - (former employer 401-K)

As katzmandu mentioned, you may want to consider rolling into the current employer's 401(k) rather than into an IRA. While distributions from a 401(k) prior to age 59.5 can be subject to the 10% penalty, there is an exception for distributions from an employer plan when the employee is already separ...
by ObliviousInvestor
Sun Jul 19, 2015 7:50 am
Forum: Forum Issues and Administration
Topic: Not getting some email notifications
Replies: 13
Views: 1590

Re: Not getting some email notifications

retiredjg wrote:The last week or so, my email notifications seem to be unreliable. Sometimes I get them and sometimes I don't. I have not been able to figure out any pattern.

Ditto this.
by ObliviousInvestor
Fri Jul 17, 2015 11:16 am
Forum: Personal Finance (Not Investing)
Topic: File-and-suspend application
Replies: 10
Views: 581

Re: File-and-suspend application

Thank You Mike. I will read the 2 threads you linked. It appears there is some benefit to "Resume" benefits in a January of any year after my FRA, correct ?? One never collects retroactively in January for those prior DRC months. I may not wait all the way to Age 70 to collect, so I will ...
by ObliviousInvestor
Fri Jul 17, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: File-and-suspend application
Replies: 10
Views: 581

Re: File-and-suspend application

She did say something that didn't sound right, and I asked her to repeat it to me.......she said that DRC's are added to my PIA in January and that starting to collect in any other month would miss out on DRC's from January up to that month. IOW -- if I "resume" benefits in June, I will n...
by ObliviousInvestor
Fri Jul 17, 2015 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Retroactive Social Security
Replies: 11
Views: 952

Re: Retroactive Social Security

Ah, so what you are saying is that if I had left it as a Feb 2014 first payment then my 2015 check would have gone up the 1.7% cola PLUS and additional 2/3% for the missing January payments. I didn’t get a DRC because I basically retired in January. Yes. Hopefully one DRC (as opposed to one additio...
by ObliviousInvestor
Fri Jul 17, 2015 9:48 am
Forum: Personal Finance (Not Investing)
Topic: File-and-suspend application
Replies: 10
Views: 581

Re: File-and-suspend application

Now, my suggestion/request: Could any of the experts here suggest how someone in my situation – unmarried or with a spouse who is ineligible for benefits – word the “comments” part of their file-and-suspend application so it’s clear that the applicant is preserving his/her right to a potential retr...

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