Search found 2289 matches

Return to advanced search

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: 1601

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: 1601

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: 1601

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: 711

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: 615

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: 328

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: 711

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: 711

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: 711

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: 711

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: 794

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: 2515

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: 2515

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

Thank you for linking to the article, Taylor. Do the Medicare extra high income limits go up every year, or are they fixed like the amounts for the minimum tax? If you're referring to the 0.9% additional Medicare tax for high income, Calm Man is correct that there is no inflation adjustment to the t...
by ObliviousInvestor
Mon Dec 01, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: "2015 Tax Brackets, Standard Deduction, and Other Updates
Replies: 13
Views: 2515

Re: Ken Fisher - Why I hate annuities

from the article "Disclosure: My firm often buys folks out of the humongous surrender fees that imprison them in variables–if they stay with us." Ken must charge quite the ER to be able to do this. Anyone know what he charges? Any Registered Investment Adviser registered with the SEC will...
by ObliviousInvestor
Mon Dec 01, 2014 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: Ken Fisher - Why I hate annuities
Replies: 69
Views: 6172

Re: Why is Dave Ramsey wrong?

This comes from another thread . It's my attempt at a generic Boglehead-ish view of Ramsey's investing advice. ----- From the Boglehead perspective, Ramsey's investing advice ranges from very good to very bad. The very good: Ramsey suggests that you not try to time the market. Most Bogleheads agree....
by ObliviousInvestor
Sat Nov 29, 2014 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Dave Ramsey wrong?
Replies: 73
Views: 9991

Re: Safe Withdrawal Rates - Is the 4% rule still good?

With lower future expected returns, many of us will be considering "pensionizing" part of our nest eggs with a single premium immediate annuity. Where do you expect the returns for the immediate annuity to come from? To a significant extent, from mortality credits, which are not affected ...
by ObliviousInvestor
Thu Nov 27, 2014 12:35 pm
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 84
Views: 7965

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: 882

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: 4134

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: 58
Views: 5613

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: 58
Views: 5613

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: 58
Views: 5613

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: 6874

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: 205
Views: 20802

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: 6874

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: 2009

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: 639

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: 1968

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: 1968

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: 1968

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: 4211

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: 819

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: 1366

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: 819

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: 953

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: 1366

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: 4211

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: 4211

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: 4211

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: 4211

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: 4211

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: 1000

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: 4211

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: 1000

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: 4211

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: 4211

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: 1366

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: 911

"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: 3383

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: 1283
Next

Return to advanced search