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Re: "Which Accounts Should I Spend from Each Year in Retirem

Thanks for sharing the article, Taylor! At least based on volume of emailed questions from readers, this has been a hot topic lately.
by ObliviousInvestor
Mon Nov 24, 2014 2:19 pm
 
Forum: Investing - Theory, News & General
Topic: "Which Accounts Should I Spend from Each Year in Retirement?
Replies: 3
Views: 651

Re: My Health care monthly premiums doubled after ACA

We just got the letter about our new premium for 2015 if we stay on our current plan (Kaiser Permanente, in Colorado). Apparently it's going down by 7%.
by ObliviousInvestor
Mon Nov 24, 2014 10:27 am
 
Forum: Personal Finance (Not Investing)
Topic: My Health care monthly premiums doubled after ACA
Replies: 46
Views: 2861

Re: Social Security 62 vs 66

For most individuals, either claiming early or late will be actuarially advantageous due to the presence of survivor benefits or due to real interest rates being higher or lower than those built into the NPV calculation. For example, right now, with real rates where they are, the general rule would...
by ObliviousInvestor
Sun Nov 23, 2014 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security 62 vs 66
Replies: 56
Views: 4358

Re: Social Security 62 vs 66

If one was never counting on SS and it is not part of their retirement plan. Should they wait or take early payment? This is not enough information. It depends on marital status, expected returns of the portfolio, and life expectancy (of both spouses, if married). A more thorough analysis would als...
by ObliviousInvestor
Sat Nov 22, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security 62 vs 66
Replies: 56
Views: 4358

Re: Social Security 62 vs 66

No matter when one starts payment SS is going to give them the same money actuarially. This is only true under a very specific set of circumstances. For most individuals, either claiming early or late will be actuarially advantageous due to the presence of survivor benefits or due to real interest ...
by ObliviousInvestor
Sat Nov 22, 2014 6:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security 62 vs 66
Replies: 56
Views: 4358

Re: "Schwab Intelligent Portfolios"

WalkerAloyisius wrote:As an aside I love OI.
Keep up the good work.

Thanks!
by ObliviousInvestor
Wed Nov 19, 2014 11:57 am
 
Forum: Investing - Theory, News & General
Topic: "Schwab Intelligent Portfolios"
Replies: 56
Views: 5937

Re: An alternative to alternative investments [QSPIX]

Hi Larry. Just a quick question for clarification. The Advisor Perspectives article includes the following sentence: The expectation is that the fund will produce equity-like returns, but with about half the volatility of the market. Is this your expectation (or BAM's)? Or is this the fund company's...
by ObliviousInvestor
Wed Nov 19, 2014 10:58 am
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 89
Views: 5644

Re: "Schwab Intelligent Portfolios"

If the new Schwab service would draw my annual financial need in the most tax efficient manner Unfortunately, there's no way for them to do that. They do not have all of the relevant information about you. In addition, to the best of my knowledge, there is no software that comes close to automating...
by ObliviousInvestor
Wed Nov 19, 2014 10:51 am
 
Forum: Investing - Theory, News & General
Topic: "Schwab Intelligent Portfolios"
Replies: 56
Views: 5937

Re: Question About Retiring Early and Social Security

Edited to add: A fellow Boglehead requests that you check your PMs. They appear near the top of the page, with a link "X new messages." My question is: Social Security projects what my surviving spouse would receive if I were to die now and my spouse claimed benefits on my record at full ...
by ObliviousInvestor
Wed Nov 19, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Question About Retiring Early and Social Security
Replies: 10
Views: 1698

Re: What are margins?

To invest on margin is to invest with borrowed money. In short, the result is to end up with quite a bit more risk than if you're investing just your own money.
by ObliviousInvestor
Mon Nov 17, 2014 11:36 am
 
Forum: Investing - Theory, News & General
Topic: What are margins?
Replies: 5
Views: 622

Re: Windfall Elimination Provision question

For such a situation-specific question, I would really suggest contacting the SSA again. And if it's important to you to get a definitive answer, I would try contacting them in writing -- or asking for an answer in writing if you visit the local office.
by ObliviousInvestor
Fri Nov 14, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Windfall Elimination Provision question
Replies: 16
Views: 1748

Re: Windfall Elimination Provision question

Oblivious Investor , aka Mike ? wrote And below is the SSA manual section that discusses how to compute the monthly amount from a lump sum. https://secure.ssa.gov/poms.nsf/lnx/0300605364#c5 Thanks , that is the chart I found also . IF I am interpreting this correctly , even if I am subject to the W...
by ObliviousInvestor
Wed Nov 12, 2014 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Windfall Elimination Provision question
Replies: 16
Views: 1748

Re: Windfall Elimination Provision question

Below is the actual relevant code section. And as you'll see there in paragraph (c), yes, the reduction in your primary insurance amount due to the windfall elimination provision is limited to 50% of your monthly pension. http://www.ssa.gov/OP_Home/cfr20/404/404-0213.htm And below is the SSA manual ...
by ObliviousInvestor
Tue Nov 11, 2014 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Windfall Elimination Provision question
Replies: 16
Views: 1748

Re: "Easy" social security question...

Just wanted to say I got Mike Piper's "Social Security Made Simple" in the mail yesterday and read it this morning. It's an easy, informative read and does a pretty good job explaining things in a way that makes some sense. I particularly like that he closes each explanation with examples...
by ObliviousInvestor
Tue Nov 11, 2014 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3746

Re: Question about allocating extra income Re: Social Securi

If we assume that one individual will always earn the maximum taxable earnings moving forward and one will earn exactly half of the maximum, could we make a reasonable guess as to which would come out ahead? My gut is to lean towards attributing it to the higher earner to avoid the 6.2% as it seems...
by ObliviousInvestor
Tue Nov 11, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about allocating extra income Re: Social Security
Replies: 5
Views: 731

Re: anyone successfully file restricted app for spousal onli

MrTimewise wrote:I just wanted to write to everyone in this thread that I've been searching for the exact answers provided here. After weeks (no, make that months) of searching and telephone calls, this thread has concluded my search. Thank you all for the great information!

Welcome to the forum! :)
by ObliviousInvestor
Mon Nov 10, 2014 4:58 pm
 
Forum: Personal Consumer Issues
Topic: anyone successfully file restricted app for spousal online?
Replies: 12
Views: 1258

Re: Question about allocating extra income Re: Social Securi

It seems that the couple get to keep more if the income is attributed to the wife as the income as it is not subject to the 6.2% tax.? Yes, less tax will be paid if it is the wife who earns the income. Assuming the couple remains together for life, the lowest earner would probably claim spousal soc...
by ObliviousInvestor
Mon Nov 10, 2014 4:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about allocating extra income Re: Social Security
Replies: 5
Views: 731

Re: Gross Income - AGI - MAGI - Tax Rates

Modified adjusted gross income (MAGI) has many different definitions. That is, it's calculated in different ways, depending on context. For example, for Affordable Care Act subsidies, it's calculated as: 1) Adjusted gross income, plus 2) Any foreign earned income that was excluded from AGI, plus 3) ...
by ObliviousInvestor
Sun Nov 09, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Income - AGI - MAGI - Tax Rates
Replies: 7
Views: 890

Re: anyone successfully file restricted app for spousal onli

This is just an update to say I did file online, but the question right before this has been changed, to something like "do you want to receive your benefit immediately or the earliest month possible without a permanent age-based reduction " which I took to mean FRA. So I chose the latter...
by ObliviousInvestor
Sun Nov 09, 2014 9:50 am
 
Forum: Personal Consumer Issues
Topic: anyone successfully file restricted app for spousal online?
Replies: 12
Views: 1258

Re: "Easy" social security question...

Can BOTH spouses (say similar ages) file and suspend so as to have this backup plan, even if no one is taking spousal benefits? Yes, both spouses could wait until 70 while filing and suspending at FRA in order to preserve the option to retroactively unsuspend. But it seems very unlikely that this w...
by ObliviousInvestor
Sat Nov 08, 2014 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3746

Re: "Easy" social security question...

You are a surviving spouse (widow[er]) of someone whose covered earnings were much higher than yours. You may be better off collecting on your own work record at 62 while allowing your surviving spouse benefits to grow to their maximum, which happens at FRA. (Surviving spouse benefits do not grow a...
by ObliviousInvestor
Sat Nov 08, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3746

Re: "Easy" social security question...

I was going to start a new thread but thought I may as well stick it in here. Here's the situation: Husband is 60, wife is 55. Husband's PIA is about 20% higher than wife's. Both in average to good health. Before I had thought about it too much, I just assumed both collecting at 70 with wife collec...
by ObliviousInvestor
Sat Nov 08, 2014 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3746

Re: "Easy" social security question...

I suggest a #5 for Mike's list: you are the lower-earning spouse and much younger (say at least 10 years) than your spouse. Your benefit would probably be increased as a result of your spouse's death before your delay became advantageous. Good suggested addition. I'm sure there are a number of othe...
by ObliviousInvestor
Fri Nov 07, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3746

Re: "Easy" social security question...

oneleaf wrote:the half-amount for the spouse is based on FRA of Dad (someone correct me if I am wrong!).

You are correct that your mom's benefit as your dad's spouse is based on your dad's primary insurance amount, regardless of the age at which he filed for his retirement benefit.
by ObliviousInvestor
Fri Nov 07, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3746

Re: Social Security: File & Suspend, File & Restrict, etc.

Me: 59, $32k/year at 66 yrs + 2 months Wife: 50, $28k/year at 67 yrs. My current thinking is that I will wait until 70 to draw my benefit, and we'll evaluate when my wife will take hers based on my health as I get up into my 70's. If I continue to be healthy that might lead us to delay her benefit ...
by ObliviousInvestor
Fri Nov 07, 2014 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security: File & Suspend, File & Restrict, etc.
Replies: 9
Views: 955

Re: "Easy" social security question...

Hoping to piggyback on this... My father started SS at normal age (in hindsight, we wish he delayed it). My mother was a stay-at-home mom, so her spousal benefit will be based on my fathers, I think at half of his. She is much younger and will not reach 66 for another couple of years. Should she co...
by ObliviousInvestor
Fri Nov 07, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3746

Re: Social Security: File & Suspend, File & Restrict, etc.

This is one of the best summaries of the file and suspend/restrict alternatives I've seen, by Boglehead Mike Piper. http://www.obliviousinvestor.com/social-security-strategies-for-married-couples/ (I'm trying to incorporate all these options into my Retiree Portfolio Model - having lots of "fu...
by ObliviousInvestor
Fri Nov 07, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security: File & Suspend, File & Restrict, etc.
Replies: 9
Views: 955

Re: "Easy" social security question...

BL wrote:I recommend that you click on the link to Mike's blog, and read the comments on the SS tab, as well as read his book (available on Amazon).

Thanks! :)
by ObliviousInvestor
Fri Nov 07, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3746

Re: "Easy" social security question...

Question: If you don't need the money is it always best to wait until you're 70ish to start drawing retirement benefits? No. There are cases in which, if you don't need the money (i.e., the insurance value is near zero, so we're just talking about maximizing total dollars available during your life...
by ObliviousInvestor
Fri Nov 07, 2014 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3746

Re: anyone successfully file restricted app for spousal onli

As I am many years from FRA myself, I have not personally done such an application. But I've heard from several people who said it was no problem. The pdf below has some screenshots of the process. If you look at the 5th screenshot, you'll see that it asks very explicitly about whether you would lik...
by ObliviousInvestor
Mon Nov 03, 2014 10:52 am
 
Forum: Personal Consumer Issues
Topic: anyone successfully file restricted app for spousal online?
Replies: 12
Views: 1258

Re: social security/inflation question

Your WAGES are fully indexed until age 60; after 60 your wages will no longer be indexed. Does this mean that the wages you earn after age 60 are not indexed but those before continue to be indexed or at age 60 your entire wage history is no longer indexed? All wages earned up to age 60 are (perman...
by ObliviousInvestor
Sun Nov 02, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: social security/inflation question
Replies: 5
Views: 893

"Should You Be a Dividend Stock Investor?"

One of the blogs to which I subscribe is Darrow Kirkpatrick's "Can I Retire Yet." He published an article yesterday that I thought gave a very balanced look at the pros and cons of dividend stock investing, including his reasons for deciding to stick with a "total return" approac...
by ObliviousInvestor
Sat Nov 01, 2014 1:32 pm
 
Forum: Investing - Theory, News & General
Topic: "Should You Be a Dividend Stock Investor?"
Replies: 33
Views: 3346

Re: "Priced In"

Thanks for sharing the article, Taylor. It was great fun (once again) to participate in all manner of investing and financial planning related discussions at the conference.
by ObliviousInvestor
Mon Oct 27, 2014 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: "Priced In"
Replies: 2
Views: 1255

Re: Inherited IRA investment for 20-somethings

I'd go with whatever all-in-one fund suits the risk tolerance of the individual investors.

Personally I wouldn't worry about depletion due to RMDs and a high equity allocation. Given the ages in question, we're talking about pretty modest RMDs -- less than 2% per year at the moment.
by ObliviousInvestor
Mon Oct 20, 2014 8:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA investment for 20-somethings
Replies: 13
Views: 770

Re: Allan Roth

My understanding is that he's now writing for AARP instead:
http://blog.aarp.org/author/aarparoth/
by ObliviousInvestor
Thu Oct 16, 2014 9:11 am
 
Forum: Investing - Theory, News & General
Topic: Allan Roth
Replies: 9
Views: 1619

Re: SS Benefits for Recently Divorced - No longer Talking Sp

Hmm, I wonder how the file and suspend strategy is affected by the divorces spouse wanting to get benefits, but since not talking to the former spouse he is not taking benefits. Well, if it's been two years, there's no need for the other spouse to have filed at all. If it hasn't been two years, I d...
by ObliviousInvestor
Thu Oct 09, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefits for Recently Divorced - No longer Talking Spouse
Replies: 10
Views: 1963

Re: SS Benefits for Recently Divorced - No longer Talking Sp

JW Nearly Retired wrote:Pretty sure divorced spousal benefits can be taken even if the other spouse has not filed for their own benefits. They don't need to cooperate.

Absolutely true, but they need to have been divorced for at least two years. And it appears that in this case they have not been.
by ObliviousInvestor
Wed Oct 08, 2014 11:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefits for Recently Divorced - No longer Talking Spouse
Replies: 10
Views: 1963

Re: SS Benefits for Recently Divorced - No longer Talking Sp

MariaE wrote:Is there a way to find out if he is collecting if I have all of his information?

Yep: Call the SSA and ask.
by ObliviousInvestor
Wed Oct 08, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefits for Recently Divorced - No longer Talking Spouse
Replies: 10
Views: 1963

Re: Mutual Funds vs. Exchange Traded Funds (ETFs)

What's the deal with limit orders? I have an all-ETF portfolio, and I genuinely am not aware of this being an issue. The following recent paper from Vanguard discusses limit orders vs. market orders (as well as some other tips). https://pressroom.vanguard.com/content/nonindexed/Best_Practices_for_E...
by ObliviousInvestor
Mon Oct 06, 2014 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: Mutual Funds vs. Exchange Traded Funds (ETFs)
Replies: 37
Views: 2623

Re: manipulating Amazon reviews

One thing that bugs me about Amazon reviews at times is when reviews are posted for products someone did not purchase and has an opinion of why it's a bad product or why it shouldn't exist. Somehow those reviews sneak in and using the feature of "Most Helpful" really reduces the noise. So...
by ObliviousInvestor
Sat Oct 04, 2014 12:50 pm
 
Forum: Personal Consumer Issues
Topic: manipulating Amazon reviews
Replies: 33
Views: 2995

Re: File and suspend Social Security

https://secure.ssa.gov/apps10/poms.nsf/lnx/0202409130#b

The key point shows up under "2. Effective Month." The effective month of reinstatement of benefits can be a "past month during the suspension period."
by ObliviousInvestor
Sat Oct 04, 2014 12:13 am
 
Forum: Personal Finance (Not Investing)
Topic: File and suspend Social Security
Replies: 8
Views: 1342

Re: My 30-day trial experience with Betterment

Regarding the value of tax-loss harvesting, I found this recent article (and the articles/papers it links to) to be interesting: http://www.etf.com/sections/blog/23212-inside-robo-advisor-tax-loss-harvesting.html?fullart=1&start=5 Of note: the comments section includes links to other worthwhile ...
by ObliviousInvestor
Fri Sep 26, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: My 30-day trial experience with Betterment
Replies: 73
Views: 9272

Re: SS Planning with a Disabled Adult Child

Disclaimer: I am not especially well versed in disability-related Social Security topics. The applicable rules can be found here: http://www.ssa.gov/OP_Home/cfr20/404/404-0000.htm (Scroll to 404.350 -- the section labeled "Child's Benefits.") 404.353 has the rules for benefit amounts. You'...
by ObliviousInvestor
Thu Sep 25, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Planning with a Disabled Adult Child
Replies: 17
Views: 1214

Re: Risk and the Trinity Study

This is the weird thing about the stock/bond question. For conservative withdrawal rate, the outcome curve is so close to flat it doesn't make sense to talk about an optimum. For those looking for this concept in actual picture form, see Figure 2 in the first link below, or Figures 1-3 in the secon...
by ObliviousInvestor
Tue Sep 23, 2014 11:10 am
 
Forum: Investing - Theory, News & General
Topic: Risk and the Trinity Study
Replies: 33
Views: 1970

Re: Angry when stock market is down

EmergDoc wrote:If anything about your portfolio is making your angry you're doing it all wrong.

Agreed.

If watching the market less often works for you (i.e., helps you keep calm), great. If that doesn't work, this is a big sign that your allocation is not the best fit.
by ObliviousInvestor
Fri Sep 12, 2014 12:21 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 4253

Re: How much value can an advisor add for the average invest

Of course we all know the advisor isn't going to "beat the market". But for the average investor who is completely clueless and has no desire to learn about it, they're a victim waiting to happen. In that case, wouldn't the services named above be worth the 1% AUM fee they may charge? Sim...
by ObliviousInvestor
Wed Sep 10, 2014 8:47 am
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 5089

Re: A 'really good book' you did NOT enjoy

My pick would be A Brief History of Time. It's probably been 20 years since I gave it a go but even though the book was meant to dumb it down for the masses it apparently wasn't dumbed down quite enough for this one. :oops: If you're interested in the topics, you may want to consider A Briefer Hist...
by ObliviousInvestor
Sun Sep 07, 2014 8:56 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 229
Views: 11981

Re: Passive vs Active Investing

There was some discussion of it here a few days ago:
viewtopic.php?f=10&t=146215&p=2179580
by ObliviousInvestor
Sun Sep 07, 2014 10:04 am
 
Forum: Investing - Theory, News & General
Topic: Passive vs Active Investing
Replies: 5
Views: 913

Re: A 'really good book' you did NOT enjoy

Rich Dad Poor Dad The thread is titles "A 'really good book' you did NOT enjoy." I would guess that no one has praised Rich Dad Poor Dad for its literary merits. Fair enough. I didn't think we were talking only about literary merits. I had interpreted "reputed to be excellent" m...
by ObliviousInvestor
Sun Sep 07, 2014 1:02 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 229
Views: 11981

Re: A 'really good book' you did NOT enjoy

Off the top of my head:

The Great Gatsby
The Bible
The Catcher in the Rye
Rich Dad Poor Dad


FWIW, Dickens is probably my favorite fiction writer. I almost don't even have to care about the plot, given how much fun I have reading his sentences. :)
by ObliviousInvestor
Sun Sep 07, 2014 12:40 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 229
Views: 11981
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