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Re: HSA and ObamaCare subsidies

Thanks for the confirmation, LG.
by ObliviousInvestor
Wed Jul 23, 2014 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA and ObamaCare subsidies
Replies: 10
Views: 729

Re: HSA and ObamaCare subsidies

Today's court rulings put ObamaCare subsidies in doubt; you may not even have any subsidies in the future! Nothing has put the subsidies for state-established exchanges in doubt. As far as the federal exchange, it's still very much a wait-and-see situation, especially with the conflicting rulings y...
by ObliviousInvestor
Wed Jul 23, 2014 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA and ObamaCare subsidies
Replies: 10
Views: 729

Re: HSA and ObamaCare subsidies

IRC 36B(d)(2)(B) has the definition of MAGI that is used for determining Affordable Care Act subsidies:
http://www.law.cornell.edu/uscode/text/26/36B#d
by ObliviousInvestor
Tue Jul 22, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA and ObamaCare subsidies
Replies: 10
Views: 729

Re: Memory foam mattresses - any insight?

I have no experience with memory foam mattresses. One thing I learned when shopping for a latex foam mattress, however, is that the more expensive ones are 100% latex. The cheaper ones are, for example, a few inches of latex on top of a cheaper foam base (which usually degrades faster than latex). T...
by ObliviousInvestor
Sat Jul 19, 2014 2:36 pm
 
Forum: Personal Consumer Issues
Topic: Memory foam mattresses - any insight?
Replies: 40
Views: 2532

Re: Delaying SS while working past age 70

That's precisely why I disagreed so strongly with the statement indicating that the when-to-claim decision is a wash (or nearly so), regardless of circumstances. who made that statement ? and which post is it ? This statement: Bottom line, the Social Security factors are approximations to actuarial...
by ObliviousInvestor
Tue Jul 15, 2014 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Delaying SS while working past age 70

(a) the mortality rates involved (b) interest assumption (c) the particular PIA's of each person (d) the particular ages involved (e) the assumption regards claim timing , early or delayed from FRA for each person (f) maybe some others that I can't think of right now A lot of variables involved. In...
by ObliviousInvestor
Tue Jul 15, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Delaying SS while working past age 70

What bugs me is when people make assertions as if they were fact without supporting them mathematically or pointing to a research paper that does so. This little snippit from an AARP article is in the same ballpark with your unsupported statements Frankly, I wouldn't think this would require a rese...
by ObliviousInvestor
Sun Jul 13, 2014 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Will I get premium tax credit or not ?

Any time you want to be really sure, go to the actual applicable IRC section:
http://www.law.cornell.edu/uscode/text/26/36B
by ObliviousInvestor
Sun Jul 13, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will I get premium tax credit or not ?
Replies: 6
Views: 928

Re: How much do you spend on your hobby annually?

Rock climbing. And, a few thousand dollars per year between gear, travel, and a gym membership.
by ObliviousInvestor
Sun Jul 13, 2014 12:27 pm
 
Forum: Personal Consumer Issues
Topic: How much do you spend on your hobby annually?
Replies: 77
Views: 6915

Re: Delaying SS while working past age 70

thanks IO , I'll have to spend a little more time digesting your response but on first quicky look it appears that you're essentially saying total benefits for 2 people are better than the benefit for one - that's not a surprise but I'll have to look at it again tomorrow - Thanks again !!! That's o...
by ObliviousInvestor
Sun Jul 13, 2014 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Delaying SS while working past age 70

My point with all of the above is simply that it doesn't make sense to broadly refer to delaying Social Security as actuarially neutral (or worse than neutral, or better than neutral). Wherever the decision falls on that spectrum for unmarried people, it's significantly better for a high-PIA spouse...
by ObliviousInvestor
Sun Jul 13, 2014 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Delaying SS while working past age 70

delaying Social Security is effectively purchasing a joint lifetime annuity (with the other annuitant being almost 8 years younger than you) for the price of a single lifetime annuity. OI , you also talked about the higher PIA spouse delaying being effectively the purchase of a last survivor annuit...
by ObliviousInvestor
Sat Jul 12, 2014 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Spouse Benefit - Social Security

If your wife files for her retirement benefit at age 62 and you have already filed for your retirement benefit (thereby making her eligible for a spousal benefit as well), she will automatically be deemed to have filed for her spousal benefit at that time as well. The amount she would get would be:...
by ObliviousInvestor
Sat Jul 12, 2014 8:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Spouse Benefit - Social Security
Replies: 14
Views: 2024

Re: SAT preparation

My siblings and I each read Up Your Score and found it to be helpful. We went 3/3 for National Merit finalists, though of course I can't say how well we would have done without the book or with a different study program.
by ObliviousInvestor
Sat Jul 12, 2014 8:44 am
 
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 30
Views: 2258

Re: Can we both collect SS spousal benefits, sequentially?

I just checked out the T Rowe Price social security calculator... I think it gave me some non optimal results... http://individual.troweprice.com/public/Retail/Retirement/Social-Security-Tool?WTAFeaturedResult=Social%20Security I am 62 with pia = $1500 She is 16 months younger with pia = $2000 we a...
by ObliviousInvestor
Fri Jul 11, 2014 6:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we both collect SS spousal benefits, sequentially?
Replies: 13
Views: 1743

Re: Spouse Benefit - Social Security

There was a recent thread indicating that the TRP calculator has a flaw in its calculations. Unfortunately, I can't remember the details or manage to find the thread at the moment. Perhaps somebody else can provide a link? Is this it? It was never answered. http://www.bogleheads.org/forum/viewtopic...
by ObliviousInvestor
Fri Jul 11, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spouse Benefit - Social Security
Replies: 14
Views: 2024

Re: Spouse Benefit - Social Security

jkirkmd, Have you tried using the T Rowe Price calculator? http://individual.troweprice.com/public/Retail/Retirement/Social-Security-Tool There was a recent thread indicating that the TRP calculator has a flaw in its calculations. Unfortunately, I can't remember the details or manage to find the th...
by ObliviousInvestor
Fri Jul 11, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spouse Benefit - Social Security
Replies: 14
Views: 2024

Re: Spouse Benefit - Social Security

First we need to clear up some terminology. A person's PIA is his/her retirement benefit if claimed at full retirement age . So it sounds like your PIA must be $2,407. (That is, $2,600 ÷ 1.08, since $2,600 is the amount you'd get if claiming 1 year after your FRA.) Is your wife's FRA also 66? If so,...
by ObliviousInvestor
Fri Jul 11, 2014 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spouse Benefit - Social Security
Replies: 14
Views: 2024

Re: Capital Gains Tax Question

Stupid tax questions--I have a ~$2500 gain from sale of stock. I sold a watch for about $1000 less than it cost new. Can I offset the loss? Do the transaction costs of selling the watch (eBay, PayPal, postage) come off the sales price of the watch? Or do I have to deduct those separately (and meet ...
by ObliviousInvestor
Fri Jul 11, 2014 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax Question
Replies: 3
Views: 778

Re: Delaying SS while working past age 70

This conversation is finally starting to convince me to pay back my six months of SS and hold off. I was the higher earner and DW is almost eight years younger. I talked with Mike Piper at BH12 and he suggested delaying and now it's decision time. Yep, what I was saying at BH12 is the same thing I'...
by ObliviousInvestor
Fri Jul 11, 2014 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: True or False? Your risk tolerance only increases with t

Risk Tolerance should decrease with age -- human capital is being depleted. Not if your career is going well. It's certainly plausible that your future NPV of wages is increasing even though you're getting older. This would only be the case if your earnings are growing faster than expected. Any exp...
by ObliviousInvestor
Fri Jul 11, 2014 10:58 am
 
Forum: Investing - Theory, News & General
Topic: True or False? Your risk tolerance only increases with time
Replies: 30
Views: 2324

Re: Changes to Vanguard Balance and Personal Performance tab

nisiprius wrote:I do sometimes think Vanguard must be paying attention to the forum...

I have heard from several different people at Vanguard that they pay close attention to it.
by ObliviousInvestor
Thu Jul 10, 2014 4:47 pm
 
Forum: Investing - Theory, News & General
Topic: Changes to Vanguard Balance and Personal Performance tabs
Replies: 18
Views: 2087

Re: Delaying SS while working past age 70

OI, the authors don't say that Table 3 only applies to unmarried people ?? but I probably don't know the SS rules as well as you - are you saying that a married male that is entitled to $1000 at FRA 65 and decides to delay claiming until age 70 won't get $1,400 at age 70 ? could you explain under w...
by ObliviousInvestor
Thu Jul 10, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Delaying SS while working past age 70

Actuarial equivalence has a very specific meaning Indeed. And my point is simply that to discuss the actuarial equivalence of benefits at 62 vs. benefits at FRA (or at 70, or any other age) we must state who we're talking about. For example, Table 3 that you reference is relevant only to unmarried ...
by ObliviousInvestor
Thu Jul 10, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: SS: another benefit of file & suspend

Indeed. For anybody interested in the applicable citation, in case you're worried about an SSA employee giving you grief when you try it, look here under "effective month": https://secure.ssa.gov/apps10/poms.nsf/lnx/0202409130#b The key point is that you can have your benefits reinstated, ...
by ObliviousInvestor
Thu Jul 10, 2014 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: SS: another benefit of file & suspend
Replies: 10
Views: 1126

Re: Delaying SS while working past age 70

OI you've created another topic for another day as far as I'm concerned - just focus on my first sentence and let me know if you understand what I'm saying ?? Just to be sure we're talking about the same post. Do you mean this one? I'm saying that studies using a large sample from the SSA database ...
by ObliviousInvestor
Wed Jul 09, 2014 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Delaying SS while working past age 70

Not sure what OI is talking about - if a single guy and a married guy have the same DOB and earnings history , don't they get the same FRA benefit and delayed benefit ?? For an unmarried person, delaying Social Security is effectively purchasing a lifetime annuity. For the higher-PIA spouse in a ma...
by ObliviousInvestor
Wed Jul 09, 2014 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: What finance experts do you follow on Twitter?

I follow about 400 people on Twitter. In addition to many of those mentioned above, some of the following personal finance folks might be of interest to Bogleheads: https://twitter.com/WCInvestor EmergDoc https://twitter.com/MBFretirepro Mary Beth Franklin https://twitter.com/bogleheads Mel https://...
by ObliviousInvestor
Wed Jul 09, 2014 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: What finance experts do you follow on Twitter?
Replies: 35
Views: 4488

Re: Disclosing Financial Position

I would think that keeping it a secret would keep things simple and not muddy the waters. This seems exactly backwards in my opinion. Having everything out in the open is very simple, straightforward. Having to guess at your significant other's financial position seems to me to be "muddied wat...
by ObliviousInvestor
Wed Jul 09, 2014 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disclosing Financial Position
Replies: 13
Views: 1167

Re: Delaying SS while working past age 70

Bottom line, the Social Security factors are approximations to actuarial equivalence and most if not all studies show that the differences are small and certainly do not make it a slam dunk decision for those wondering whether to delay receipt. This is only true for unmarried people. If the delay-o...
by ObliviousInvestor
Wed Jul 09, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Longevity Annuities

Lots of press recently on Longevity Annuities....drawing on payments starting around 80? Seems like a crap shoot of a gamble with odds going to the insurance companies...what do the bogleheads think? It's less of a crap shoot if you wait until 80 to buy one. By then you can estimate your remaining ...
by ObliviousInvestor
Wed Jul 09, 2014 10:15 am
 
Forum: Investing - Theory, News & General
Topic: Longevity Annuities
Replies: 18
Views: 2507

Re: Affordable health insurance

With you being retired, might it be possible via tax planning to keep your income low enough during 2015 to qualify for subsidies for insurance purchased on an exchange? (Depends a great deal on whether your spouse works, for instance.)
by ObliviousInvestor
Tue Jul 08, 2014 5:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable health insurance
Replies: 33
Views: 2899

Re: Delaying SS while working past age 70

BobK, I already understood everything you said (great stuff), but it doesn't directly address my point. I used a 1% real rate to get the breakeven points mentioned (late 70s to mid 80s). Generic differences don't matter if you know your own situation. Whether male or female, if you are single and y...
by ObliviousInvestor
Tue Jul 08, 2014 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Delaying SS while working past age 70

BobK, all of your contributions here are tremendous, but I'd think that a single person doesn't need to be gravely ill for not delaying to make sense. With breakeven in the late 70s (delay from 62 to 66) to mid 80s (delay from 66 to 70), it seems that if one's health is bad enough that one's chance...
by ObliviousInvestor
Tue Jul 08, 2014 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: Delaying SS while working past age 70

BobK, all of your contributions here are tremendous, but I'd think that a single person doesn't need to be gravely ill for not delaying to make sense. With breakeven in the late 70s (delay from 62 to 66) to mid 80s (delay from 66 to 70), it seems that if one's health is bad enough that one's chance...
by ObliviousInvestor
Tue Jul 08, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9383

Re: In Which Theories Should I Have Confidence?

There's kind of an unresolved paradox on this board: the 3 fund portfolio (which doesn't include international bonds) is recommended, as are the Target Retirement funds, which do include international bonds. 6) I personally want optimal performance, and don't much care about simplicity. So take thi...
by ObliviousInvestor
Mon Jul 07, 2014 10:32 am
 
Forum: Investing - Theory, News & General
Topic: In Which Theories Should I Have Confidence?
Replies: 43
Views: 4193

Re: Longevity Insurance now allowed in IRA/401k/etc.

You could buy a deferred annuity today for 125k at 65 that would pay out 6k/month (sole)/4k (death benefit)/3k (with surviour and death benefit) at 85. Is assume this a mistake: One can buy an annuity for $125K and receive $3K to $6K per month in 20 years with survivor benefits? Should this be per ...
by ObliviousInvestor
Fri Jul 04, 2014 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4709

Re: Longevity Insurance now allowed in IRA/401k/etc.

sscritic wrote:We are both using the wrong table. The tables we were using are Period Tables. [...] We want a Cohort Table.

Thank you for making that distinction.
by ObliviousInvestor
Wed Jul 02, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4709

Re: Longevity Insurance now allowed in IRA/401k/etc.

What are the odds of living to 105 or even 95? Less than 1%. Knock yourself out doing the rest of the math. 50% chance of losing 100% over a 20 year period versus 1% chance of living to 95 to break even on investment. You are underestimating the odds of living to 95. Using the SS tables I reference...
by ObliviousInvestor
Wed Jul 02, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4709

Re: Longevity Insurance now allowed in IRA/401k/etc.

What are the odds of living to 105 or even 95? Less than 1%. Knock yourself out doing the rest of the math. 50% chance of losing 100% over a 20 year period versus 1% chance of living to 95 to break even on investment. You are underestimating the odds of living to 95. I refer again to Vanguard's lif...
by ObliviousInvestor
Wed Jul 02, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4709

Re: Longevity Insurance now allowed in IRA/401k/etc.

[PS-how do the new rules differ from this qlac in 2012 http://www.qlacs.net/ This new rule was proposed back in 2012, comments were solicited and considered, and now we have a finalized rule. Please see the two documents I linked to above for a description of the differences between the proposed re...
by ObliviousInvestor
Tue Jul 01, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4709

Re: Longevity Insurance now allowed in IRA/401k/etc.

This is not a new type of annuity. It is a new tax treatment for annuities that meet certain requirements. Mike, could you explain to me the new tax treatment aspect. I admit i don't i don't totally understand it. under what circumstance could this new type of annuity treatment actually be advantag...
by ObliviousInvestor
Tue Jul 01, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4709

Re: Longevity Insurance now allowed in IRA/401k/etc.

so if i understand based on what you said-by putting this money in the annuity-it allows it to be subtracted for the total 401k. if the 401k had 500,000 and a125,000 dollar annuity purchased form it the the RMD would be based on 350,000 not 500,000. is that it? That is how I understand the Treasury...
by ObliviousInvestor
Tue Jul 01, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4709

Re: Longevity Insurance now allowed in IRA/401k/etc.

But who would invest in an annuity policy that will pay 0 if you die prematurely. Maybe some of the same people who invest in a homeowners policy that will pay 0 if their house does not burn down. If having your house burn down is not a financial problem for you then you would be wasting your money...
by ObliviousInvestor
Tue Jul 01, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4709

Re: Longevity Insurance now allowed in IRA/401k/etc.

For those seeking more info, here's the official press release: http://www.treasury.gov/press-center/press-releases/Pages/jl2448.aspx And here's the relevant final CFR parts: http://www.ofr.gov/OFRUpload/OFRData/2014-15524_PI.pdf Page 29 in particular may be of interest, as that's where you'll find ...
by ObliviousInvestor
Tue Jul 01, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4709

Re: Vanguard solo 401K site usability issues

For me, when I make contributions (via the small business website), I choose the fund that I want it to go into, and it happens directly. I don't do anything with regard to my individual 401(k) -- other than look at balances -- via the individual website. Still, absolutely agree that the whole thing...
by ObliviousInvestor
Mon Jun 30, 2014 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard solo 401K site usability issues
Replies: 3
Views: 207

Re: Must you be employed to execute a restricted application

I read in some Prudential Social Security literature, that one spouse must be working at age 66 to execute a restricted application for Social Security. Can someone confirm if that is the case. There is no such requirement. You must have reached FRA in order to file a restricted application, but yo...
by ObliviousInvestor
Sun Jun 29, 2014 11:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Must you be employed to execute a restricted application?
Replies: 2
Views: 377

Re: Bucket Strategy for Retirement. Please comment

In general I like bucket strategies, though I am in agreement with the view presented in the second video livesoft linked to above -- they're a method of mental accounting. They don't actually make the portfolio any better than a non-bucketed strategy. This thread may also be relevant reading: http:...
by ObliviousInvestor
Sun Jun 29, 2014 11:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Strategy for Retirement. Please comment
Replies: 34
Views: 3779

Re: Paul Merriman article: every investor needs Small Cap Va

Rekanthaler's Rule: "If the bozos know about it, it doesn't work anymore." I would be more comfortable with greater skepticism that SCV is a lock. When guys start publishing articles in Bozo sources advocating that "everyone" should own something, it may be time to do the opposi...
by ObliviousInvestor
Fri Jun 27, 2014 10:40 am
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman article: every investor needs Small Cap Value
Replies: 127
Views: 6705
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