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Re: A low fee (~0.30%/year) *LOCAL* advisor?

psteinx wrote:But it doesn't include fee information, at least not in any readily searchable way that I'm aware of.

You can always look up the RIA's Form ADV II, but you'd have to do each one individually.
by ObliviousInvestor
Thu Jan 29, 2015 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: A low fee (~0.30%/year) *LOCAL* advisor?
Replies: 7
Views: 696

Re: SS Spousal Benefit Strategy

Will have to research the GPO issue. Won't this be reflected by the SS statements? Not absolutely 100% sure here, but I think the answer is, "no, it wouldn't be reflected on the statement." For instance, the following example statement explicitly states that the GPO could be a reason why ...
by ObliviousInvestor
Thu Jan 29, 2015 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: SS Spousal Benefit Strategy
Replies: 13
Views: 966

Re: SS Spousal Benefit Strategy

53timr wrote:Pardon the question, but what is "PIA"? That will help me follow this thread a little better. Thanks.

Primary insurance amount. It refers to the amount of retirement benefits you would receive per month if you started receiving them at exactly your full retirement age.
by ObliviousInvestor
Thu Jan 29, 2015 12:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: SS Spousal Benefit Strategy
Replies: 13
Views: 966

Re: SS Spousal Benefit Strategy

Take a look at the Oblivious Investor's strategy for married couples. http://www.obliviousinvestor.com/social-security-strategies-for-married-couples/ Thank you for recommending the blog, NightFall. That's always appreciated. :) My PIA is $2,657. DW's PIA is $2,086. Her SS at 62 is $1,565. DW is a ...
by ObliviousInvestor
Thu Jan 29, 2015 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: SS Spousal Benefit Strategy
Replies: 13
Views: 966

Re: SS Spousal Benefit Strategy

In planning our retirement I am looking at maximizing SS benefits for DW and myself and would like the forum brain trust to see if I have my facts straight. I am 54 and DW is 55. DW is now retired with a small pension. When she was working she made about half of my salary. i intend to retire in abo...
by ObliviousInvestor
Thu Jan 29, 2015 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: SS Spousal Benefit Strategy
Replies: 13
Views: 966

Re: I just filed a Restrictive App at the SS office

Cody, thanks for the tidbits. My question: Is it possible to file an SS 'Restrictive Application' online? or one has to go to SS office to get it done? Yes, you can file a restricted application online. There is a point at which they ask something to the effect of, "If you are eligible for bot...
by ObliviousInvestor
Wed Jan 28, 2015 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 14
Views: 1284

Re: I just filed a Restrictive App at the SS office

I have one wrinkle to this scenario. If one spouse is subject to WEP and GPO and claims retirement benefits at 62, can the other spouse file a restricted application at 66 and receive spousal benefits, and does WEP reduce the spousal benefits? The WEP reduces the government employee's primary insur...
by ObliviousInvestor
Wed Jan 28, 2015 1:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 14
Views: 1284

Re: I just filed a Restrictive App at the SS office

Excellent summary, Cody. Thanks for sharing your experience. Can this be done if I'm older then wife but she has a higher ss. Planning ahead I'm 62 she is 58. A similar strategy, but with the roles reversed could make sense. If your wife has the higher primary insurance amount, she is likely the one...
by ObliviousInvestor
Wed Jan 28, 2015 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 14
Views: 1284

Re: Help for Lively 83 yr. old

If I compare a traditional taxable portfolio to one that is split with a SPIA, the tax advantage lies in the fact that in order to achieve the same annual income, at the same risk, the bond assets in the taxable portfolio has to be in the 70-80% range driving large interest taxable income. Ah, than...
by ObliviousInvestor
Tue Jan 27, 2015 11:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Help for Lively 83 yr. old
Replies: 8
Views: 1374

Re: SS benefit question for Mom (not sure where to turn)?

Just in case there was any confusion on this point: socialsecuritybenefitshandbook.com is not an actual SSA source. That doesn't mean it's a bad source of course. (I haven't used it, so I really have no idea.) But it's an important distinction nonetheless. Also, in case it is helpful in the future: ...
by ObliviousInvestor
Tue Jan 27, 2015 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: SS benefit question for Mom (not sure where to turn)?
Replies: 2
Views: 515

Re: Effect of 0.79 correlation: fantasy vs. reality

For those who are skilled at this sort of thing, would it be possible/practical to create something along the lines of an efficient frontier time-lapse video (or gif)? Or is that the sort of thing that would take a huge amount of time? If not, I think it'd be super neat as a way to get across the m...
by ObliviousInvestor
Tue Jan 27, 2015 10:42 am
 
Forum: Investing - Theory, News & General
Topic: Effect of 0.79 correlation: fantasy vs. reality
Replies: 58
Views: 4856

Re: Help for Lively 83 yr. old

Regarding taxation of annuities: With other types of investing, you can spend 100% of the original principal without having to pay tax. In other words, I don't really see the exclusion ratio as an advantage of annuities relative to other types of investing. It's what's necessary in order to put an a...
by ObliviousInvestor
Mon Jan 26, 2015 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help for Lively 83 yr. old
Replies: 8
Views: 1374

Re: Effect of 0.79 correlation: fantasy vs. reality

Note: I'm bumping an old-ish thread. Another example, but I want to acknowledge that it's cherry-picked, involves the combination of U.S. (i.e. the S&P 500) and international (EAFE). I am using the specifically chosen decade 1996-2005 inclusive. (The point is "correlations," not "...
by ObliviousInvestor
Mon Jan 26, 2015 12:12 pm
 
Forum: Investing - Theory, News & General
Topic: Effect of 0.79 correlation: fantasy vs. reality
Replies: 58
Views: 4856

Re: WHAT EXPERTS SAY

Happy Birthday, Taylor!

Thank you for putting this together.
by ObliviousInvestor
Sun Jan 25, 2015 3:33 pm
 
Forum: Investing - Theory, News & General
Topic: What Experts Say [about various investing topics]
Replies: 49
Views: 2914

Re: Parents Retirement Advice 62 y.o.

In a NY Times column (http://www.nytimes.com/2011/07/17/business/economy/when-the-wait-for-social-security-checks-is-worth-it.html?_r=1&ref=business), economist Richard Thayer says: Participants are first eligible to start claiming benefits at age 62. For those who wait, the monthly payments in...
by ObliviousInvestor
Fri Jan 23, 2015 7:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Parents Retirement Advice 62 y.o.
Replies: 8
Views: 949

Re: Need help with portfolio-Father passed away suddenly

She should probably look into widow's SS benefits and any pensions hanging out there. With regard to Social Security strategies, two possibilities to consider would be: 1) She claims a widow's benefit immediately (making it clear to the SSA that she does not want to claim her retirement benefit), w...
by ObliviousInvestor
Wed Jan 21, 2015 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help with portfolio-Father passed away suddenly
Replies: 8
Views: 1193

Re: “How Does Aging Affect Financial Decision Making?”

Another good book on the subject is: What to Do When I Get Stupid by Lewis Mandell. http://lewismandell.com/ Perhaps, What to Do When Before I Get Stupid would be better. L. Agreed -- I didn't exactly love the title. The book was quite good though, IMO. For anyone interested, here's the link (inclu...
by ObliviousInvestor
Tue Jan 20, 2015 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: “How Does Aging Affect Financial Decision Making?”
Replies: 54
Views: 2760

Re: Diversify my portfolio

The proposed portfolio is perfectly fine -- and what else would one expect from Bill Bernstein?

Personally, I'd prefer the current one for its simplicity.
by ObliviousInvestor
Mon Jan 19, 2015 9:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Diversify my portfolio
Replies: 18
Views: 1709

Re: Dave Ramsey's bad advice at an all time high!

WHL wrote:DR is most likely going to be better than a random EJ "advisor."

What makes you say that?
by ObliviousInvestor
Sun Jan 18, 2015 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey's bad advice at an all time high!
Replies: 40
Views: 6354

Re: This topic is causing stress in marriage we need some he

Probably doesn't care for the truth: The wife is the sensible financial person in the marriage. Seems a bit harsh. I think plenty of people who are broadly "financially sensible" would have a difficult time assessing whether it's advantageous to use retirement account money to pay off hig...
by ObliviousInvestor
Thu Jan 15, 2015 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: This topic is causing stress in marriage we need some help
Replies: 81
Views: 7553

Re: Suspending SS and delayed retirement credits

Can I file and suspend at my normal retirement age? My research has disclosed no authority that I cannot, but that is not the same thing as authority that I can. The SS ofice has essentially given me a non-answer response. Once you are receiving a retirement benefit, you're receiving a retirement b...
by ObliviousInvestor
Wed Jan 14, 2015 11:23 pm
 
Forum: Investing - Theory, News & General
Topic: Suspending SS and delayed retirement credits
Replies: 24
Views: 2966

Re: Suspending SS and delayed retirement credits

My question is how does inflation that occurs during my retirement, before I start collecting benefit, impact my benefit level at the time when I do finally start taking benefits. I sure hope inflation affects something that will impact my benefit, but it doesn't seem to be through the COLA mechani...
by ObliviousInvestor
Wed Jan 14, 2015 11:21 pm
 
Forum: Investing - Theory, News & General
Topic: Suspending SS and delayed retirement credits
Replies: 24
Views: 2966

Re: Saver's credit withdrawals

Yes, distributions will often affect the amount of credit for which you qualify. If you work through the form using some example figures, you'll see how it works:
http://www.irs.gov/pub/irs-pdf/f8880.pdf

In particular, you're paying attention to line 4.
by ObliviousInvestor
Wed Jan 14, 2015 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Saver's credit withdrawals
Replies: 6
Views: 689

Re: Build your own inflation adjusted annuity?

I thought Wade Pfau wrote a paper on combining annuities and stock and bond portfolios and concluded that using some of the assets for annuity purchases and keeping the rest in stocks could generate better results than stock/bond investments. This is likely the one: http://papers.ssrn.com/sol3/pape...
by ObliviousInvestor
Wed Jan 14, 2015 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Build your own inflation adjusted annuity?
Replies: 41
Views: 3354

Re: Social Security election change? Q for my 71 yr Mom

I am single - divorced after being married more than ten years. I am pre FRA and plan to delay claiming SS, but am not sure how long. My ex will be eligible for SS when I am 68, and I’ve considered two options. First, do not claim as self from 66 to 68 (accruing delayed credits), then file a restri...
by ObliviousInvestor
Tue Jan 13, 2015 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security election change? Q for my 71 yr Mom
Replies: 21
Views: 2266

Re: Build your own inflation adjusted annuity?

In any case all "build your own annuities" ignore the fact that insurance company annuities are designed around a concept of pooled risk. In this case the risk is outliving ones money and one pools the risk by allowing those who live longer to do so by using the money of those who do not ...
by ObliviousInvestor
Mon Jan 12, 2015 10:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Build your own inflation adjusted annuity?
Replies: 41
Views: 3354

Re: Build your own inflation adjusted annuity?

I thought Wade Pfau wrote a paper on combining annuities and stock and bond portfolios and concluded that using some of the assets for annuity purchases and keeping the rest in stocks could generate better results than stock/bond investments. This is likely the one: http://papers.ssrn.com/sol3/pape...
by ObliviousInvestor
Mon Jan 12, 2015 10:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Build your own inflation adjusted annuity?
Replies: 41
Views: 3354

Re: Social Security question

Okay, this is what I was driving at - that tantalizing figure of waiting until age 70 increases your benefit by 8 percent a year. I take it I am understanding this correctly, as you say my PIA would increase by 32 percent (8% x 4 years) by waiting to draw until age 70, right? And this is irrespecti...
by ObliviousInvestor
Mon Jan 12, 2015 8:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 11
Views: 1049

Re: Social Security question

Does the rule about drawing higher benefit by waiting to age 70 also apply for someone who is not working, not racking up any more credits, between ages 66 (FRA) and age 70? The language on the SSA file for this topic is not real clear. It does state that people are eligible for cost of living bene...
by ObliviousInvestor
Mon Jan 12, 2015 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 11
Views: 1049

Re: Social Security election change? Q for my 71 yr Mom

Good discussion but if anyone answered the OP's primary question I missed it. Can a person claim on their own record (at or after FRA), then stop (discontinue, whatever the term is) and claim on an ex spouse's record until 70? What you are asking is probably different from what the OP asked. The OP...
by ObliviousInvestor
Mon Jan 12, 2015 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security election change? Q for my 71 yr Mom
Replies: 21
Views: 2266

Re: Social Security question

Is this the calculator you tried? If so, and you input your information correctly, it should give you the correct answer. http://www.ssa.gov/retire2/AnypiaApplet.html Because of the way your primary insurance amount is calculated ( see here ), if you already have many years of maximum taxable earnin...
by ObliviousInvestor
Mon Jan 12, 2015 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 11
Views: 1049

Re: Do you use lifestrategy/ asset allocation funds?

I use the LifeStrategy Growth Fund for all of my retirement savings. The primary motivation is that it's less hassle and I'm less tempted to tinker.
by ObliviousInvestor
Fri Jan 09, 2015 11:31 am
 
Forum: Investing - Theory, News & General
Topic: Do you use lifestrategy/ asset allocation funds?
Replies: 36
Views: 3075

Re: Is there a bias in calculating safe withdrawal rate?

But do you think the same number of people chose to retire in January 2008 as in January 2009? This is an interesting question. Without having looked at any data on the topic, the answer is not clear to me. In January 2008, people's portfolios look good, making it easy to retire. In January 2009, m...
by ObliviousInvestor
Fri Jan 09, 2015 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Is there a bias in calculating safe withdrawal rate?
Replies: 30
Views: 2277

Re: Social Security election change? Q for my 71 yr Mom

...benefits are not directly related to taxes paid. Yes they are. The amount withheld for future SS depends on the amount of wages the worker earned, up to a maximum (of both premium and wages). The other factor is the number of years the worker had wages. If over 35 years of working, the highest 3...
by ObliviousInvestor
Thu Jan 08, 2015 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security election change? Q for my 71 yr Mom
Replies: 21
Views: 2266

Re: Collecting SS strategy

Thanks for recommending the book, BL!
by ObliviousInvestor
Mon Jan 05, 2015 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Collecting SS strategy
Replies: 11
Views: 1183

Re: Collecting SS strategy

invst65 wrote:Was snooping around the SSA website today and didn't see how to do that. Anybody else done it? Do you apply for benefits and suspend at the same time? I don't want to accidentally end up getting a check.

This page has some instructions:
http://www.ssa.gov/retire2/suspend.htm
by ObliviousInvestor
Mon Jan 05, 2015 6:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Collecting SS strategy
Replies: 11
Views: 1183

Re: Faking your way through sports small talk

I always just give an honest direct answer: "Sorry, I don't follow sports." Then I ask them something about themselves. I tend to find most people's work interesting, so conversations tend to head in that direction. That's about it really. Faking it seems like it would cause the sports-rel...
by ObliviousInvestor
Mon Dec 29, 2014 5:13 pm
 
Forum: Personal Consumer Issues
Topic: Faking your way through sports small talk
Replies: 34
Views: 1856

Re: SS Delay Question

I just received a PM that said” There is no 5% per year increase from 62 to 66; there is no 8% increase per year from 66 to 70. Accordingly, your calculations don't really apply to Social Security as it exists today under current law.” The first half of your statement is “literally” correct, but no...
by ObliviousInvestor
Thu Dec 18, 2014 9:12 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Delay Question
Replies: 14
Views: 1666

Re: SS Delay Question

Because of the the COLA pension, I'd check if the Government Pension Offset or Windfall Elimination Provision applies. Does the pension come from a job that was not covered by SS? Which way to go is likely to depend on their respective PIAs (primary insurance amounts). What are they? These two piec...
by ObliviousInvestor
Wed Dec 17, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Delay Question
Replies: 14
Views: 1666

Re: SS Delay Question

Because of the the COLA pension, I'd check if the Government Pension Offset or Windfall Elimination Provision applies. Does the pension come from a job that was not covered by SS? Which way to go is likely to depend on their respective PIAs (primary insurance amounts). What are they? These two piec...
by ObliviousInvestor
Wed Dec 17, 2014 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Delay Question
Replies: 14
Views: 1666

Re: SS Spouse along with GPO Question

earlyout wrote:My apologies for confusing the Oblivious Investor w/ TFB.

Just saw this note. Certainly no need to apologize -- I was just having fun. (And for the record, I admire TFB's writing and knowledge, so I take no offense at being confused with him.)
by ObliviousInvestor
Tue Dec 16, 2014 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Spouse along with GPO Question
Replies: 9
Views: 722

Re: Do Vanguard Bond funds include many high yield bonds?

You can check the credit quality breakdown of any Vanguard bond fund on Vanguard's site by clicking over to the "portfolio & management" tab, scrolling down a bit, and looking on the right-hand side.
by ObliviousInvestor
Mon Dec 15, 2014 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Vanguard Bond funds include many high yield bonds?
Replies: 5
Views: 628

Re: 3% Simple IRA Contribution for Self-Employed / Mike Pipe

Hi Vinny.

Try using $54,142 in Vanguard's calculator:
https://personal.vanguard.com/us/SbsCal ... Controller

Would you by chance be able to provide a link to the Fidelity calculator? I'm failing to find it so far.
by ObliviousInvestor
Sun Dec 14, 2014 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: 3% Simple IRA Contribution for Self-Employed / Mike Piper
Replies: 1
Views: 335

Re: SS Spouse along with GPO Question

I think TFB is correct, there is no reduction is the spousal portion of her benefit just because she started her own benefit before FRA. In the reference provided by curmudgeon, middle of page 6 where it discusses Case 3: "Case three clarifies a common misunderstanding concerning the spousal b...
by ObliviousInvestor
Sat Dec 13, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Spouse along with GPO Question
Replies: 9
Views: 722

Re: SS Spouse along with GPO Question

edited to add: I think I understand a bit more - the "deemed filing" didn't have to apply because your benefit was not active at the time she filed. Yes, exactly. Deemed filing can only make you apply for benefits for which you're eligible. In the case of the OP's wife, she wasn't eligibl...
by ObliviousInvestor
Sat Dec 13, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Spouse along with GPO Question
Replies: 9
Views: 722

Re: SS Spouse along with GPO Question

Since your wife applied early and started receiving benefits at age 62, her spousal benefit is also reduced. Her widow benefits, should you go first, will not be reduced. If she only applied for retirement benefits at 62 and waited for spousal benefits until her FRA, her spousal benefit will not be...
by ObliviousInvestor
Sat Dec 13, 2014 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Spouse along with GPO Question
Replies: 9
Views: 722

Re: SS Spouse along with GPO Question

When DW and I applied for SS coverage 4 years ago I was age 66 and DW was 62. She applied early and I applied as a spouse and delayed my SS until age 70. Since DW qualifies for a GPO, her monthly SS income was reduced at that time by $X . As I am now age 70, I have applied for my benefits (under my...
by ObliviousInvestor
Sat Dec 13, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Spouse along with GPO Question
Replies: 9
Views: 722

Re: myRA Beta Web Page is up and running

Yes, it is designed to earn the same return as the G Fund.

Why would it allow for more Roth space?
by ObliviousInvestor
Thu Dec 04, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: myRA Beta Web Page is up and running
Replies: 11
Views: 839

Re: "2015 Tax Brackets, Standard Deduction, and Other Update

Peter Foley wrote:One possible edit.

Thank you! The correction has been made.
by ObliviousInvestor
Tue Dec 02, 2014 12:15 am
 
Forum: Personal Finance (Not Investing)
Topic: "2015 Tax Brackets, Standard Deduction, and Other Updates
Replies: 13
Views: 2567

Re: "2015 Tax Brackets, Standard Deduction, and Other Update

The wiki editors have categorized articles which should be updated annually: Category:Pages requiring annual tax updates Can someone double check ACA net investment income tax ? This statement is updated for a trust and estate threshold: Trusts and estates should distribute income to beneficiaries ...
by ObliviousInvestor
Mon Dec 01, 2014 10:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: "2015 Tax Brackets, Standard Deduction, and Other Updates
Replies: 13
Views: 2567
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