Search found 2531 matches

by ObliviousInvestor
Thu Jul 02, 2015 6:56 pm
Forum: Investing - Theory, News & General
Topic: Which Funds to Take RMD From
Replies: 17
Views: 1116

Re: Which Funds to Take RMD From

I am not aware of any calculator or app made specifically for this purpose. If you wanted to do it all in one set of transactions rather than two: 1) Calculate the post-RMD portfolio size (current size, minus RMD), 2) Calculate the desired amount in each fund (new portfolio size, times desired perce...
by ObliviousInvestor
Thu Jul 02, 2015 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Defending Public Safety Employees' Retirement Act
Replies: 6
Views: 818

Re: Defending Public Safety Employees' Retirement Act

Yep, I just used the title of the Act as the subject. My understanding is that for government employees in the prescribed career fields "50 is the new 59.5" after December 31, 2015. I had heard, but I could not find it written, that it also required that the individual be retired from gov...
by ObliviousInvestor
Thu Jul 02, 2015 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Defending Public Safety Employees' Retirement Act
Replies: 6
Views: 818

Re: Defending Public Safety Employees' Retirement Act

It would be helpful if you elaborate on what the amendment actually permits, rather than just saying it allows penalty free distributions. Are there any limitations or circumstances before this could occur? An actual link to the passed amendment would also be helpful and the subject heading is a bi...
by ObliviousInvestor
Tue Jun 30, 2015 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Rules of Social Security
Replies: 13
Views: 1478

Re: Rules of Social Security

I"m not sure I fully understand this. My wife is receiving spousal benefits, and Medicare Part B premiums are being deducted from her benefits. Are you saying that I can have my own Part B premiums deducted from my wife's spousal benefits? This would certainly be more convenient than paying ev...
by ObliviousInvestor
Tue Jun 30, 2015 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Widow(er) benefit confusion
Replies: 10
Views: 892

Re: Social Security Widow(er) benefit confusion

My wife and I both reached full retirement age in 2015. My FRA SS benefit is $2,600/mo., and hers is $2,400/mo. I filed and suspended at FRA, and she reached FRA two months later and filed for spousal benefits only. Here is the part of the law that I do not understand. If I die before reaching my e...
by ObliviousInvestor
Tue Jun 30, 2015 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Rules of Social Security
Replies: 13
Views: 1478

Re: Rules of Social Security

http://www.aarp.org/work/social-security/info-2014/file-and-suspend-retirement-strategy The view presented in this AARP article (contrary to the Forbes article mentioned in the OP) is in keeping with my understanding of the POMS section below. https://secure.ssa.gov/poms.nsf/lnx/0601001045 Edited t...
by ObliviousInvestor
Mon Jun 29, 2015 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Rules of Social Security
Replies: 13
Views: 1478

Re: Rules of Social Security

http://www.aarp.org/work/social-security/info-2014/file-and-suspend-retirement-strategy The view presented in this AARP article (contrary to the Forbes article mentioned in the OP) is in keeping with my understanding of the POMS section below. https://secure.ssa.gov/poms.nsf/lnx/0601001045 Edited t...
by ObliviousInvestor
Sat Jun 27, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can a worker's increased PIA due to high earning years after FRA change Spousal Benefits?
Replies: 11
Views: 1142

Re: Can a worker's increased PIA due to high earning years after FRA change Spousal Benefits?

etarini and dodecahedron, thank you for recommending the book. :) For anyone looking for additional/other reading material, I've been very impressed by A Social Security Owner's Manual by Jim Blankenship and Social Security: The Inside Story by Andy Landis. Assorted Bogleheads have also reported tha...
by ObliviousInvestor
Sat Jun 27, 2015 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Effective Date when using DRC
Replies: 5
Views: 563

Re: Social Security Effective Date when using DRC

I'm not sure there is much explanation to be had other than "that's how the law is written." Paragraph (d) here states that wage indexing stops (in most cases) at age 60: http://www.ssa.gov/OP_Home/cfr20/404/404-0211.htm Paragraph (c) here states that COLAs begin (in most cases) in the yea...
by ObliviousInvestor
Sat Jun 27, 2015 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Future of SS due to Supreme Court Decision on Gay Marriages
Replies: 16
Views: 2100

Re: Future of SS due to Supreme Court Decision on Gay Marriages

It won't hardly matter a whit. And in fact, SS was already fully available to gay married couples the past few years due to previous legislation. Quite true that some couples had to travel to a different state to get things done, so this decision removes that burden. Previously they had to actually...
by ObliviousInvestor
Fri Jun 26, 2015 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can a worker's increased PIA due to high earning years after FRA change Spousal Benefits?
Replies: 11
Views: 1142

Re: Can a worker's increased PIA due to high earning years after FRA change Spousal Benefits?

When a worker's PIA increases, it increases the benefits of anybody else entitled on that worker's earnings record. Thanks. I just was not quite sure if spousal benefits would ever change once they had started (without consideration of COLAs). That is, if a primary worker's "PIA at FRA" i...
by ObliviousInvestor
Fri Jun 26, 2015 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Can a worker's increased PIA due to high earning years after FRA change Spousal Benefits?
Replies: 11
Views: 1142

Re: Can a worker's increased PIA due to high earning years after FRA change Spousal Benefits?

When a worker's PIA increases, it increases the benefits of anybody else entitled on that worker's earnings record.
by ObliviousInvestor
Thu Jun 25, 2015 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help with CalStrs / SS (new job for wife)
Replies: 3
Views: 399

Re: Help with CalStrs / SS (new job for wife)

It seems like there isn't much to decide at this time, and as we get closer to making some decisions about retirement we'll have more firm assumptions. If I were to make some mildly educated guesses: We are both 43, I am a few months older My PIA will be $2400. Although it seems far fetched that I ...
by ObliviousInvestor
Thu Jun 25, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: [CNBC article: Social Security Denying Delayed Benefits]
Replies: 23
Views: 3193

Re: Is this really a Problem with Social Security.....Need a Forum S.S. Expert...

1) my better half applied for her benefits at FRA (66) 2) then when I hit FRA (66) I applied for spousal benefits via a restricted application 3) I do not intend to file for my own benefits until 70 Question: Given the discussion above about some 6-month lump sums and possible SS assumption of 69.5...
by ObliviousInvestor
Wed Jun 24, 2015 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help with CalStrs / SS (new job for wife)
Replies: 3
Views: 399

Re: Help with CalStrs / SS (new job for wife)

1) Can someone give me a brief outline of how we will be claiming social security? Assuming I average 70k/year for salary, and my wife has been at 15k/year, we should have her claim spousal benefits, right? And have me delay? I'm trying to gauge impact of WEP and GOP. I was planning to research thi...
by ObliviousInvestor
Wed Jun 24, 2015 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: [CNBC article: Social Security Denying Delayed Benefits]
Replies: 23
Views: 3193

Re: [CNBC article: Social Security Denying Delayed Benefits]

alec wrote:Well, if you never take positions, you may never make tenure. :mrgreen:

A fair point, and I should probably be more understanding of the fact that, as a professor, he operates in a different world than I do.
by ObliviousInvestor
Wed Jun 24, 2015 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: [CNBC article: Social Security Denying Delayed Benefits]
Replies: 23
Views: 3193

Re: [CNBC article: Social Security Denying Delayed Benefits]

Mike, I'm beginning to think you have something against Kotlikoff. Against him personally? No. I quite enjoyed his book Spend 'Til the End , and would even credit it as having a significant impact on my own personal financial planning. (As a person with no bequest motive, the book was especially ap...
by ObliviousInvestor
Wed Jun 24, 2015 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: [CNBC article: Social Security Denying Delayed Benefits]
Replies: 23
Views: 3193

Re: Is this really a Problem with Social Security.....Need a Forum S.S. Expert...

Is it possible that most SS reps hear something about "now" or "my age [now]" that has them using the actual date, and not backdating? An SSA employee's goal will be to give you what you want. So if they have reason to think that you want your benefit to start at age X, that's w...
by ObliviousInvestor
Wed Jun 24, 2015 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: [CNBC article: Social Security Denying Delayed Benefits]
Replies: 23
Views: 3193

Re: Is this really a Problem with Social Security.....Need a Forum S.S. Expert...

Just curious about IF I told SS I wanted to change to "Own" without mentioning age [and now I will certainly make a point of it]. They'd subtract what I'd received during the previous 6 months from the lump sum if they'd send due to the backdating? My understanding is that they would send...
by ObliviousInvestor
Wed Jun 24, 2015 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: SS Claiming.......my head hurts!
Replies: 1
Views: 539

Re: SS Claiming.......my head hurts!

Wife and I are struggling with the decision for her SS benefits. My understanding is that she can file for spousal benefits on my SSD benefit. However, according to a SS calculator she would receive less from a spousal benefit (about $800/m) than from her own reduced benefit @ age 62 ($1,131/m). In...
by ObliviousInvestor
Wed Jun 24, 2015 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: [CNBC article: Social Security Denying Delayed Benefits]
Replies: 23
Views: 3193

Re: Is this really a Problem with Social Security.....Need a Forum S.S. Expert...

When reading Kotlikoff, it can be helpful to remember where he's coming from. His position is that Social Security rules are " a disgrace and unfair to people of all ages " and that " the Social Security system gives social insurance a bad name and needs to be replaced, root and bran...
by ObliviousInvestor
Wed Jun 24, 2015 10:36 am
Forum: Personal Finance (Not Investing)
Topic: [CNBC article: Social Security Denying Delayed Benefits]
Replies: 23
Views: 3193

Re: Is this really a Problem with Social Security.....Need a Forum S.S. Expert...

When reading Kotlikoff, it can be helpful to remember where he's coming from. His position is that Social Security rules are " a disgrace and unfair to people of all ages " and that " the Social Security system gives social insurance a bad name and needs to be replaced, root and branc...
by ObliviousInvestor
Mon Jun 15, 2015 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: planning for my widow: SS and my early death
Replies: 13
Views: 2748

Re: planning for my widow: SS and my early death

For most high earners in married couples, it makes sense to delay until 70 (especially right now with interest rates so low) because doing so increases the amount the couple receives as long as either spouse is still alive. The fact that your wife is significantly younger than you is an additional p...
by ObliviousInvestor
Sat Jun 13, 2015 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Social security file and suspend question
Replies: 2
Views: 527

Re: Social security file and suspend question

If both of you intend to ultimately delay your own retirement benefits until 70, then it probably makes sense for one spouse to file and suspend at full retirement age and for the other spouse to file a restricted application (after both spouses have reached FRA) to collect spousal-only while allowi...
by ObliviousInvestor
Sat Jun 13, 2015 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff's Get What's Yours
Replies: 12
Views: 2487

Re: Kotlikoff's Get What's Yours

My understanding was that if you FIle and Suspend, you are getting DRC increases each month up until the point in time that you decide to start receiving your check (at the larger amount based on the date that you start collecting) Your understanding is correct. What the authors are saying is that,...
by ObliviousInvestor
Sat Jun 13, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy
Replies: 16
Views: 2105

Re: Social Security Claiming Strategy

Interesting that SSA uses the term "presumed" rather than "deemed" in the link you provided. In this link, they use "deemed." https://secure.ssa.gov/poms.nsf/lnx/0200204004 Is there a difference between "presumed" and "deemed"? Nope. Just one of a f...
by ObliviousInvestor
Sat Jun 13, 2015 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy
Replies: 16
Views: 2105

Re: Social Security Claiming Strategy

In case anybody is interested in the official law regarding deemed filing, you can find it here: http://www.ssa.gov/OP_Home/cfr20/404/404-0623.htm The key point is that requirement (a)(2) wouldn't be met (in the scenario outlined by CFM300), since the husband hasn't yet filed for his own retirement ...
by ObliviousInvestor
Sat Jun 13, 2015 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy
Replies: 16
Views: 2105

Re: Social Security Claiming Strategy

FWIW, my math matches CFM300's -- though it appears there's a small typo in which the husband's PIA was recorded as 2688 rather than 2668.

My understanding is that we're following calculation method "C" here:
https://secure.ssa.gov/poms.nsf/lnx/0300615020
by ObliviousInvestor
Wed Jun 10, 2015 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 7575

Re: Putting off Social Security until 70

The Social Security claiming decision isn't actuarially neutral in the majority of cases. It is only actuarially neutral for an average unmarried person if real interest rates are equal to those used in the calculations. (Right now, they're lower.) And if it's actuarially neutral for a single person...
by ObliviousInvestor
Tue Jun 09, 2015 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Finding the actuarial value of delaying SS benefits
Replies: 49
Views: 6922

Re: Finding the actuarial value of delaying SS benefits

I added an additional reference to the spreadsheets, and one additional limitation. The spreadsheets should not be used when WEP or Government Pension Offsets apply. WEP and GPO apply to me. DW will collect SS on her own record. In this circumstance, isn't it appropriate to use Single for DW? I've ...
by ObliviousInvestor
Tue Jun 09, 2015 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 7575

Re: Putting off Social Security until 70

etarini wrote:Yes, like the COLA, the taxable maximum rises with the CPI-W.

Minor correction here. The taxable maximum rises with the national average wage index rather than CPI.

http://www.ssa.gov/oact/cola/awiseries.html
http://www.ssa.gov/oact/cola/wageindexed.html
by ObliviousInvestor
Tue Jun 09, 2015 12:12 am
Forum: Personal Consumer Issues
Topic: Social Security: "file and suspend" ?
Replies: 7
Views: 1350

Re: Social Security: "file and suspend" ?

"However, if you filed and suspended at your FRA, you can retroactively unsuspend all the way back to your FRA." If you do this and then unsuspend all the way back to your FRA (at some age past your FRA), won't you lose the 8% annual longevity bonus (or whatever its called)? Yes, you woul...
by ObliviousInvestor
Mon Jun 08, 2015 7:15 pm
Forum: Personal Consumer Issues
Topic: Social Security: "file and suspend" ?
Replies: 7
Views: 1350

Re: Social Security: "file and suspend" ?

I just signed up for MaximizeMySocialSecurity and quickly ran through it. I was surprised to see it say that I should file and suspend at FRA and then delay benefits until age 70. I was expecting, maybe, just to see delay filing to 70. Having gleaned lots of info here at BH I am thinking that MMSS ...
by ObliviousInvestor
Sun Jun 07, 2015 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 7575

Re: Putting off Social Security until 70

Many here plan to delay until age 70 due to the 8% per yr increase. I don't agree,however, because the amount at age 62 and 70 are actuarialy equivalent. The general idea is for the amounts to be actuarially equivalent, but in real life they usually are not. For example, right now, with interest ra...
by ObliviousInvestor
Fri Jun 05, 2015 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

Lastly - how long does it take to do the withdrawal of application and the payback to Soc. Sec. Should I set up an appt. with Soc. Sec. soon to get this going? Can it be done online (we already have set up our online accounts). I do not know how long it takes for the SSA to process a withdrawal req...
by ObliviousInvestor
Fri Jun 05, 2015 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

The point in favor of you waiting (either via suspending or withdrawing your application) is that it increases the amount you (as a couple) receive as long as either of you are still alive, whereas your wife waiting only increases the amount you (as a couple) receive as long as both of you are stil...
by ObliviousInvestor
Fri Jun 05, 2015 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

Excluding the use of a calculator, the primary two strategies I'd be considering are #2 and #3 that I described in this post . Thanks for your patience and input. Re. your #2, reproduced here: 2) You suspend your benefit until reaching age 70. Your wife does nothing until her FRA, at which point sh...
by ObliviousInvestor
Fri Jun 05, 2015 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

For example, compare it to this one: *You immediately suspend your benefit. *Your wife files at 62. *You unsuspend at age 68. Just to complete my understanding - You said elsewhere that if I withdraw my application I have to return what I have received up to that point. If I suspend, do I get to ke...
by ObliviousInvestor
Fri Jun 05, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

Excluding the use of a calculator, the primary two strategies I'd be considering are #2 and #3 that I described in this post . Thanks for your patience and input. Re. your #2, reproduced here: 2) You suspend your benefit until reaching age 70. Your wife does nothing until her FRA, at which point sh...
by ObliviousInvestor
Fri Jun 05, 2015 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

OK, so we improve our own case by me filing for spousal at my FRA (which doesn't trigger deeming because I've reached FRA). But doesn't my wife have to file for her retirement benefit for me to file for my spousal? She is 5 years younger so by filing at 62 to enable me to file for spousal benefits ...
by ObliviousInvestor
Fri Jun 05, 2015 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

Okay, I'm starting to get it and I really appreciate all the input. So it appears there are three reasonable options for me: 1. I withdraw my application and return what I have collected so far. When my spouse turns 62, she files for benefits and I file for spousal benefits. That would give us $1,0...
by ObliviousInvestor
Fri Jun 05, 2015 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

Wouldn't option 3) trigger the "deeming" rule and force him to receive the higher of either his own benefit or his spousal benefit? Thereby eliminating the chance to continue to accumulate his delayed benefits?] Good question. Deemed filing only applies prior to full retirement age. So it...
by ObliviousInvestor
Fri Jun 05, 2015 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

Is "file and suspend" the same as "withdrawal of application?" No. When you withdraw an application, it is as if you never filed. When you file and suspend, you have still filed, and are still considered "entitled" to benefits.* But during the period of suspension you ...
by ObliviousInvestor
Thu Jun 04, 2015 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

Is "file and suspend" the same as "withdrawal of application?" No. When you withdraw an application, it is as if you never filed. When you file and suspend, you have still filed, and are still considered "entitled" to benefits.* But during the period of suspension you ...
by ObliviousInvestor
Thu Jun 04, 2015 8:25 am
Forum: Personal Finance (Not Investing)
Topic: ACA and retiring before 65
Replies: 28
Views: 3385

Re: ACA and retiring before 65

Is the pre-existing conditions not mattering thing in jeopardy because of the current Supreme Court case? I had the idea that instead it was in one of those laws or regulations that came along in parallel with the Obamacare law and so is in some real sense part of it, but not technically part of th...
by ObliviousInvestor
Thu Jun 04, 2015 8:20 am
Forum: Personal Finance (Not Investing)
Topic: ACA and retiring before 65
Replies: 28
Views: 3385

Re: ACA and retiring before 65

I am hesitant to count on the subsidies until court decision this month. I, also am concerned about the Supreme Court decision. Anyone know when it will be announced? I heard June but anything more specific? Francis My understanding is that each term begins in October, and runs through June or earl...
by ObliviousInvestor
Wed Jun 03, 2015 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: SS benefits for widow ?
Replies: 4
Views: 738

Re: SS benefits for widow ?

If someone believes this is not correct, please advise (preferably with a link to the SS rules). Thank you. Looks like a pretty good summary to me. With regard to you delaying (or not) in order to increase the amount your wife could potentially receive as your widow, the fact that she is 11 years y...
by ObliviousInvestor
Wed Jun 03, 2015 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

Just checking some math here. As always, it's possible I'm making a mistake. :) you do have to return whatever you've received from SS since March. Assuming you do that, as rixer mentioned, after your wife files at 62 you could file a restricted application and get half of her benefit or about $452 ...
by ObliviousInvestor
Wed Jun 03, 2015 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

Of course, please remember that all of these forecasts are merely that: guesses about the future. As my father's accountant would always say, " Tell me when you are going to die and I will tell you exactly what to do." So is this true in general - the strategies that involve waiting until...
by ObliviousInvestor
Tue Jun 02, 2015 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4100

Re: Social Security Strategies

Okay, here's the info.: For me, PIA = 2661, FRA=66. I started Soc. Sec. in March upon reaching FRA. For spouse, PIA=1357, FRA=66. Will be 62 in August. Regarding the "withdrawal of application" that some people have mentioned, do you have to give back what you have already collected? Yes,...

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