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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
Wed Apr 08, 2015 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question on SS Spousal benefits
Replies: 3
Views: 478

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
Tue Apr 07, 2015 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit Question
Replies: 4
Views: 558

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 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: early retiree, ACA "obamacare" MAGI ? but which numbers ??
Replies: 25
Views: 3056

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 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: early retiree, ACA "obamacare" MAGI ? but which numbers ??
Replies: 25
Views: 3056

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
Fri Apr 03, 2015 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: early retiree, ACA "obamacare" MAGI ? but which numbers ??
Replies: 25
Views: 3056

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 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Has health coverage under ACA affected investment decisions?
Replies: 21
Views: 1991

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 11:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Has health coverage under ACA affected investment decisions?
Replies: 21
Views: 1991

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
Thu Apr 02, 2015 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Has health coverage under ACA affected investment decisions?
Replies: 21
Views: 1991

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 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 11762

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
Tue Mar 31, 2015 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 11762

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 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: A Social Security question
Replies: 10
Views: 1409

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 8:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Government Pension Offset Q
Replies: 2
Views: 328

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
Mon Mar 30, 2015 7:55 am
 
Forum: Personal Finance (Not Investing)
Topic: A Social Security question
Replies: 10
Views: 1409

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 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: A Social Security question
Replies: 10
Views: 1409

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...
by ObliviousInvestor
Sun Mar 29, 2015 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Guidance/Specialist
Replies: 5
Views: 799

Re: A Social Security question

My significant other’s late husband worked from age 18 to 48 then developed cancer and died at 55. He collected disability for those 7 years and she and their son collected other supplemental benefits until his death. Their son also continue to collect benefits until age 17. She is now considering ...
by ObliviousInvestor
Sun Mar 29, 2015 8:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: A Social Security question
Replies: 10
Views: 1409

Re: Two Legged Stool [Figuring out when to take Social Secur

jeffG wrote:I'm going to go ahead and order your book today to get another perspective.

Thank you. If you have any followup questions after reading the book, I'm happy to answer them.
by ObliviousInvestor
Sun Mar 29, 2015 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Two Legged Stool [Figuring out when to take Social Security]
Replies: 26
Views: 3065

Re: How many of you invest in individual stocks?

I own precisely one B-share of Berkshire Hathaway, solely for the discount on GEICO insurance. No individual stocks other than that.
by ObliviousInvestor
Sun Mar 29, 2015 9:53 am
 
Forum: Investing - Theory, News & General
Topic: How many of you invest in individual stocks?
Replies: 70
Views: 4746

Re: Two Legged Stool [Figuring out when to take Social Secur

I am going to focus on your framing of the question, which is what is the best way to figure out when to take SS. I think it comes down to a simple branching tree: 1) If you wanted to defer SS to age 70, do you have savings on hand to permit you to do that? If no, you have no practical choice but t...
by ObliviousInvestor
Sun Mar 29, 2015 8:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Two Legged Stool [Figuring out when to take Social Security]
Replies: 26
Views: 3065

Re: How to complete a mega-cap index fund?

Are we talking about the "Russell Top 200 Index"? If so, the difference may not be as big as you'd think. The following chart (made using Morningstar's website) plots the performance of the iShares Russell Top 200 ETF against that of the Vanguard 500 Index Fund, over the last 5 years. http...
by ObliviousInvestor
Thu Mar 26, 2015 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: How to complete a mega-cap index fund?
Replies: 2
Views: 295

Re: why they requires my username and pass word

Actually, I've been having the same exact problem. The site is very inconsistent in when it keeps me logged in/logs me out. I don't delete the cookies. This is on Chrome Version 41.0.2272.76 m I am using Chrome also and have a similar problem. I eventually determined that it has to do with my phone...
by ObliviousInvestor
Wed Mar 25, 2015 7:03 pm
 
Forum: Forum Issues and Administration
Topic: why they requires my username and pass word
Replies: 7
Views: 938

Re: Int'l Hedged Bond Funds

That's helpful to the degree I understand. It sounds like the TTM yield on a bond fund is virtually useless information for a prospective investor, SEC yield is the more accurate predictor? Yahoo finance only shows TTM, though they just identify it as "yield". If I understand correctly, I...
by ObliviousInvestor
Wed Mar 25, 2015 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: Int'l Hedged Bond Funds
Replies: 9
Views: 728

Re: Int'l Hedged Bond Funds

I would suggest looking at the SEC yields instead of TTM yields. PFODX has an SEC yield of 0.83%, according to Morningstar, while VTIBX has an SEC yield of 0.81%.

For a prior discussion of TTM vs. SEC yields, see here:
http://www.bogleheads.org/forum/viewtop ... 0&t=130085
by ObliviousInvestor
Wed Mar 25, 2015 11:59 am
 
Forum: Investing - Theory, News & General
Topic: Int'l Hedged Bond Funds
Replies: 9
Views: 728

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

telemark wrote:I plan to file and suspend at 62, and then play it by ear. The actual time will depend on the the state of the market, the state of my health, and maybe how many of my friends I see dying.

You cannot suspend until you reach your full retirement age.
by ObliviousInvestor
Thu Mar 19, 2015 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 11762

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

One also has to take into consideration that if you decide to draw SS at age 62 and you are still working, money has to be paid back to Uncle Sam (is it $1.00 for every $2.00 you are earning?). And if you are not working, then you are paying for health insurance until age 65 when you can sign up fo...
by ObliviousInvestor
Sun Mar 15, 2015 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 11762

Re: Kotlikoff: When Should you Take Social Security?

Mike, I understand what you said, but the first quote says something more. My wife worked many years, and has her own SS entitlement, albeit smaller than mine. If my wife claims early on her own account, does that reduce her spousal entitlement on my account? Thank you, L. Ah, sorry. I misunderstoo...
by ObliviousInvestor
Sat Mar 14, 2015 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

Typically the reason for your spouse to wait until 66 is that otherwise everything she claims, her own or spousal, is reduced for years before FRA. Spousal claims do not continue to increase after that age. Yes, Oblivious Investor says this in his book "Social Security Made Simple" on pg....
by ObliviousInvestor
Sat Mar 14, 2015 3:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

Actually, I don't even know what NPV means (although I googled it, still trying to figure it out). NPV refers to "net present value." It can be used to calculate a current dollar value for a future stream of income. For example, if somebody promised to pay you $1,000 every year for 12 yea...
by ObliviousInvestor
Fri Mar 13, 2015 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

When done properly, NPV and break-even analysis get the same answer because they use the same inputs to answer the same question: given my life expectancy (and life expectancy of my spouse, if applicable), which strategy allows me to maximize total available dollars (or more precisely total availabl...
by ObliviousInvestor
Fri Mar 13, 2015 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Social Security Windfall Elimination Provision

Question: If my mom filed for SS while still working, her benefit would get reduced to 0 due to the earnings test but would my father receive a benefit because he hasn't started collecting his government pension? Would mom later get the benefits reduced by earnings back at a later time when she ret...
by ObliviousInvestor
Fri Mar 13, 2015 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Windfall Elimination Provision
Replies: 24
Views: 4723

Re: Kotlikoff: When Should you Take Social Security?

bobcat2,

I agree with you that if you're going to use break-even analysis poorly, it will give you poor answers.
by ObliviousInvestor
Fri Mar 13, 2015 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Social Security Windfall Elimination Provision

Question: If my mom filed for SS while still working, her benefit would get reduced to 0 due to the earnings test but would my father receive a benefit because he hasn't started collecting his government pension? Would mom later get the benefits reduced by earnings back at a later time when she ret...
by ObliviousInvestor
Fri Mar 13, 2015 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Windfall Elimination Provision
Replies: 24
Views: 4723

Re: Kotlikoff: When Should you Take Social Security?

Any NPV calculation done in the last 5 years will show that everyone, except the terminally ill and near terminally ill at these low real interest rates, should delay until age 70. If break-even also always shows that everyone but the gravely ill over the last 5 years should delay until age 70, the...
by ObliviousInvestor
Fri Mar 13, 2015 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

I can guarantee that currently the NPV result will be to delay longer than the break-even result. I say this is essentially a no brainer. You should follow the NPV result. Breakeven and NPV should get you to the same answer, as long as you're using the same discount rate and life expectancy. To me ...
by ObliviousInvestor
Fri Mar 13, 2015 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

Hi Mike, I know of no insurance that passes break-even analysis. I think break-even analysis is very weak gruel. OTOH NPV makes a lot of sense, is easy to do, and is rarely done. :oops: BobK I agree with the bolded part -- and that's why, in most cases, people should only buy insurance that they ne...
by ObliviousInvestor
Fri Mar 13, 2015 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

This thread is about Laurence Kotlikoff's new book and how to understand and optimize your choices for your circumstances under the current rules for Social Security. On pages 16-17 of his book, Kotlikoff writes about the claiming decision as a "break-even" calculation and gives the follo...
by ObliviousInvestor
Fri Mar 13, 2015 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: What are some common misconceptions found in this forum?

1) Social Security is actuarially neutral.
2) Delaying Social Security is a better deal if you're married.
by ObliviousInvestor
Thu Mar 12, 2015 9:14 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 17743

Re: Kotlikoff: When Should you Take Social Security?

I have signed up for Kotlikoff's software and am still waiting for a local source to have his book in stock. I can't say I have yet developed any new insights from what he says. But, I believe the break-even point for you as an individual generally is less than your life expectancy. So, I do not se...
by ObliviousInvestor
Wed Mar 11, 2015 11:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

IMO, it is generally important to calculate the breakeven point. For many people, yes, the importance of that calculation is dwarfed by the importance of the insurance value (i.e., that waiting works well in the financially scary scenarios in which you live a long time). But for some people -- many...
by ObliviousInvestor
Wed Mar 11, 2015 10:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

This thread is about Laurence Kotlikoff's new book and how to understand and optimize your choices for your circumstances under the current rules for Social Security. On pages 16-17 of his book, Kotlikoff writes about the claiming decision as a "break-even" calculation and gives the follo...
by ObliviousInvestor
Wed Mar 11, 2015 9:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

I do agree strongly with one point in the article: the SSA does little to nothing to educate folks prior to age 62 about the various options. Why is a puzzle. Contrast "Medicare and You", received well prior to our turning 65. As comprehensive as the SSA.gov website is, I found it impossi...
by ObliviousInvestor
Wed Mar 11, 2015 9:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

I do agree strongly with one point in the article: the SSA does little to nothing to educate folks prior to age 62 about the various options. Why is a puzzle. Contrast "Medicare and You", received well prior to our turning 65. As comprehensive as the SSA.gov website is, I found it impossi...
by ObliviousInvestor
Tue Mar 10, 2015 11:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: Kotlikoff: When Should you Take Social Security?

mak,

Your figures do not appear to apply a COLA until the person starts receiving retirement benefits. This would bias the conclusion in favor of claiming early.
by ObliviousInvestor
Tue Mar 10, 2015 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 242
Views: 24121

Re: [Social Security] calculation

is there anything unique about partnerships that could be showing up in the SS worksheet(can't wait to get a copy) Not that I'm aware of. To the best of my knowledge, if (101) is the amount properly showing up on line 17 of Form 1040, that's the amount that should be pulled into the worksheet. Line...
by ObliviousInvestor
Sun Mar 08, 2015 3:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Social Security] calculation
Replies: 12
Views: 1050

Re: Another spousal benefit question

I think the ability to not have the automatic conversion made from disability benefits to retirement benefits comes from paragraph B4 here: https://secure.ssa.gov/apps10/poms.nsf/lnx/0200206005 The requirements for spousal benefits are here: http://www.ssa.gov/OP_Home/cfr20/404/404-0330.htm The firs...
by ObliviousInvestor
Sun Mar 08, 2015 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another spousal benefit question
Replies: 2
Views: 438

Re: [Social Security] calculation

2beachcombers wrote:is there anything unique about partnerships that could be showing up in the SS worksheet(can't wait to get a copy)

Not that I'm aware of. To the best of my knowledge, if (101) is the amount properly showing up on line 17 of Form 1040, that's the amount that should be pulled into the worksheet.
by ObliviousInvestor
Sun Mar 08, 2015 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Social Security] calculation
Replies: 12
Views: 1050

Re: [Social Security] calculation

Yes, NOLs are properly included in the calculation of how much Social Security should be included in AGI -- as they do show up as negative income on line 21 of Form 1040.

There are no other types of income here (tax-exempt interest, for example)?
by ObliviousInvestor
Sun Mar 08, 2015 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Social Security] calculation
Replies: 12
Views: 1050

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

The question muddles spousal and primary benefits. My wife is disabled and younger than me so I get spousal at 66 and mine at 70 PE/Someone, would you please expand on this statement.......my wife is younger than me (58) and drawing SSDI. Does the above mean that I can file and suspend any time aft...
by ObliviousInvestor
Fri Mar 06, 2015 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 11762

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

The question muddles spousal and primary benefits. My wife is disabled and younger than me so I get spousal at 66 and mine at 70 PE/Someone, would you please expand on this statement.......my wife is younger than me (58) and drawing SSDI. Does the above mean that I can file and suspend any time aft...
by ObliviousInvestor
Fri Mar 06, 2015 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 11762

Re: self-employed health insurance deduction (line 29 Form 1

The premium tax credit is the new subsidy that helps offset premium costs for insurance purchased on the new exchanges.
by ObliviousInvestor
Thu Mar 05, 2015 2:45 pm
 
Forum: Personal Consumer Issues
Topic: self-employed health insurance deduction (line 29 Form 1040)
Replies: 5
Views: 406
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