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Re: AMT, Social Security and fixed income fund

Welcome to the forum, ezpz. I like your usernmame. With regard to Social Security: Depending on your income level, none of your Social Security benefits may be taxable, 85% of them may be taxable, or anywhere in between. Specifically, the calculation ( see here or here ) is concerned with your "...
by ObliviousInvestor
Wed Mar 04, 2015 2:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: AMT, Social Security and fixed income fund
Replies: 3
Views: 288

Re: Social Security: Spousal versus Worker Retirement Benefi

DaftInvestor wrote:ObliviousInvestor answers DaftInvestor and boils it down to a single simple sentence! Thanks for validating.

I just added a bit more information. It might not be relevant, but I thought I should include it.
by ObliviousInvestor
Wed Mar 04, 2015 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security: Spousal versus Worker Retirement Benefits
Replies: 4
Views: 209

Re: Social Security: Spousal versus Worker Retirement Benefi

Looking for some validation that I understand SS Retirement benefits correctly (for retirement planning purposes) and hoping someone here can help.... About 8 years ago a financial adviser told my wife and I that in order for her to claim my full benefits someday upon my death that my wife would ne...
by ObliviousInvestor
Wed Mar 04, 2015 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security: Spousal versus Worker Retirement Benefits
Replies: 4
Views: 209

Re: PBS NewsHour segment on Social Security

Both of us having had full working careers, I always figured the best strategy was for both of us to delay until 70. Wife is 2 years younger than me and we both have the roughly same benefit amounts. Then I tried the free Bedrock SS calculator mentioned in a couple other threads. I was surprised by...
by ObliviousInvestor
Tue Mar 03, 2015 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: PBS NewsHour segment on Social Security
Replies: 27
Views: 3610

Re: PBS NewsHour segment on Social Security

There is no guaranteed investment return of 8% except SS. Delaying Social Security does not typically result in an 8% return. For a single person who lives to their life expectancy, it typically results in a 2-3% real return (depends on what life expectancy tables you use). For the 8% figure to be ...
by ObliviousInvestor
Tue Mar 03, 2015 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: PBS NewsHour segment on Social Security
Replies: 27
Views: 3610

Re: it requires my password and username everytime i try to

Just a shot in the dark:
I have this same problem (being logged out every time I visit) for about a week after visiting the site with my phone. If I never visit with my phone, the site keeps me logged in with no problems.
by ObliviousInvestor
Mon Mar 02, 2015 11:59 am
 
Forum: Forum Issues and Administration
Topic: it requires my password and username everytime i try to view
Replies: 2
Views: 303

Re: PBS NewsHour segment on Social Security

Look like it's time to head over to Amazon and spring for a copy of Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less Well, I hope you find the book helpful of course. I'm always happy to answer questions here or by email tho...
by ObliviousInvestor
Fri Feb 27, 2015 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: PBS NewsHour segment on Social Security
Replies: 27
Views: 3610

Re: PBS NewsHour segment on Social Security

"My wife files at 63? Can that be right?" That's the plan we are on, but lots of things may change that of course, especially if I still have income at 63. My question is, what happens if MRS claims at 63, and then MR passes away at, say, his age of 64? What is MRS allowed to claim in the...
by ObliviousInvestor
Fri Feb 27, 2015 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: PBS NewsHour segment on Social Security
Replies: 27
Views: 3610

Re: PBS NewsHour segment on Social Security

Both of us having had full working careers, I always figured the best strategy was for both of us to delay until 70. Wife is 2 years younger than me and we both have the roughly same benefit amounts. Then I tried the free Bedrock SS calculator mentioned in a couple other threads. I was surprised by...
by ObliviousInvestor
Fri Feb 27, 2015 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: PBS NewsHour segment on Social Security
Replies: 27
Views: 3610

Re: SS Spousal Benefits when spouse has CSRS pension

Your wife's government pension subjects her to the government pension offset, which reduces benefits she could receive based on your work record (i.e., spousal benefits while you're alive or widow's benefits if she outlives you) by 2/3 of her monthly pension amount. Here's the applicable law: http:/...
by ObliviousInvestor
Thu Feb 26, 2015 10:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Spousal Benefits when spouse has CSRS pension
Replies: 2
Views: 387

Re: Recommend a quality (and reasonably priced) knife set

For those who recommended Cutco knives, I see that some of their knives have an edge that appears to be similar to a serrated edge often found on cheaper knives that I have found to "tear" meat rather than cut. So how do you like the Cutco serrated edge and how is it to sharpen and hone? ...
by ObliviousInvestor
Thu Feb 26, 2015 2:56 pm
 
Forum: Personal Consumer Issues
Topic: Recommend a quality (and reasonably priced) knife set
Replies: 64
Views: 2433

Re: Recommend a quality (and reasonably priced) knife set

Cutco, American made. Free sharpening, lived in New Jersey and Colorado and had the sharpener come to the house in both states. Sold Cutco (door to door) when I was in college in 1964. After using them 50 years, sent my full sample set back to Costco, paying a few dollars for shipping. Most of them...
by ObliviousInvestor
Thu Feb 26, 2015 10:36 am
 
Forum: Personal Consumer Issues
Topic: Recommend a quality (and reasonably priced) knife set
Replies: 64
Views: 2433

Re: Social Security statements

SSA throws around the term "spousal benefit" loosely, no legal definition really based on "spouse" or "ex-spouse". If you want to be sure that what you're reading is using definitions carefully, I would suggest using the CFR whenever possible. And, if not that, then th...
by ObliviousInvestor
Mon Feb 23, 2015 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security statements
Replies: 52
Views: 3084

Re: Social Security statements

Am still confused. Doesn't #9 in this article seem to say it is the same rule, whether current spouse, or, ex-spouse? Deeming is done if application is made at FRA (66) unless a restricted application is filed at the time. Who's right? http://moneyover55.about.com/od/socialsecurityforspouses/a/10-S...
by ObliviousInvestor
Mon Feb 23, 2015 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security statements
Replies: 52
Views: 3084

Re: Social Security statements

Maybe sscritic can explain deeming better (?) Last time he addressed it he said I was in the clear, as "deeming" cannot be used if the beneficiary is under the minimum age (62) to claim on their own record. The reason you didn't have to worry about deemed filing does not have to do with a...
by ObliviousInvestor
Mon Feb 23, 2015 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security statements
Replies: 52
Views: 3084

Re: SS survivor question?

derosa wrote:Thanks for your patience on this one!

Always happy to answer questions.
by ObliviousInvestor
Sun Feb 22, 2015 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS survivor question?
Replies: 14
Views: 940

Re: SS survivor question?

Oblivious – Is your calculation correct? Should you be using .75 instead of .7? I may not be understanding something of course. From the table in your blog post of 7/20/2012 if someone claims at age 62 they are getting 75% of their PIA. One of the examples used to illustrate that post has person th...
by ObliviousInvestor
Sun Feb 22, 2015 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: SS survivor question?
Replies: 14
Views: 940

Re: Social security strategy with wide age gap between spous

Social security is not really part of our retirement planning at this point but my assumption is that it would make the most sense for older spouse to claim whatever maximum benefits he can claim at age 70 and then for younger spouse to follow and claim her maximum when she reaches 70. If we don't ...
by ObliviousInvestor
Sun Feb 22, 2015 10:26 am
 
Forum: Investing - Theory, News & General
Topic: Social security strategy with wide age gap between spouses?
Replies: 18
Views: 1591

Re: Working after 70-Helps Soc Sec benefits?

Say you delay Social Security until 70 but you choose to continue to work after 70. You have earned income and you and your employer pay payroll taxes on your earned income after 70, does this count toward your benefits? Would this increase your benefits if the income in your 70's is higher than so...
by ObliviousInvestor
Sun Feb 22, 2015 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Working after 70-Helps Soc Sec benefits?
Replies: 5
Views: 788

Re: Social Security statements

I agree that most people don't understand this and get this confused all the time. But that is not an excuse for those of us who do know better to get it wrong. Your facts are correct, and the excess of wage increases over inflation you cite is why I think wages were chosen. You seem to believe the...
by ObliviousInvestor
Sat Feb 21, 2015 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security statements
Replies: 52
Views: 3084

Re: SS survivor question?

But why does it increase for the husband to an amount greater than the wife was getting? Well, the wife would have been getting less than 82.5% of her PIA, if she filed for her retirement benefit at age 62. So the, "or 82.5% of his or her PIA, whichever is larger," part kicks in. There ma...
by ObliviousInvestor
Fri Feb 20, 2015 4:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS survivor question?
Replies: 14
Views: 940

Re: SS survivor question?

But why does it increase for the husband to an amount greater than the wife was getting? Well, the wife would have been getting less than 82.5% of her PIA, if she filed for her retirement benefit at age 62. So the, "or 82.5% of his or her PIA, whichever is larger," part kicks in. There ma...
by ObliviousInvestor
Fri Feb 20, 2015 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS survivor question?
Replies: 14
Views: 940

Re: SS survivor question?

I thought the survivor benefit was the larger of the two benefits. Not exactly. One key difference is explained here: http://www.ssa.gov/OP_Home/cfr20/404/404-0338.htm (c) Your monthly benefit will be reduced if the insured person chooses to receive old-age benefits before reaching full retirement ...
by ObliviousInvestor
Fri Feb 20, 2015 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS survivor question?
Replies: 14
Views: 940

Re: "Don't Be Dogmatic About Retirement-Portfolio Withdrawal

It is a messy situation for us. We have about 50% in IRA, 50% in taxable. But the IRA is 75% bond funds. So as we take distributions from the IRA, in order to keep our asset allocation, we will have to buy bonds in our taxable. To do that means selling equities in the taxable account. So our taxes ...
by ObliviousInvestor
Fri Feb 20, 2015 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Don't Be Dogmatic About Retirement-Portfolio Withdrawals."
Replies: 10
Views: 1429

Re: Invest in Roth for next 8 years or save $24k in Std. Loa

Unless I missed it, you haven't mentioned the interest rate on the student loans.

Also, it's likely that the MFJ vs. MFS question will have other impacts than just the two you have mentioned.
by ObliviousInvestor
Fri Feb 20, 2015 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Invest in Roth for next 8 years or save $24k in Std. Loans
Replies: 13
Views: 1203

Re: Social security strategy with wide age gap between spous

Social security is not really part of our retirement planning at this point but my assumption is that it would make the most sense for older spouse to claim whatever maximum benefits he can claim at age 70 and then for younger spouse to follow and claim her maximum when she reaches 70. If we don't ...
by ObliviousInvestor
Wed Feb 18, 2015 9:46 pm
 
Forum: Investing - Theory, News & General
Topic: Social security strategy with wide age gap between spouses?
Replies: 18
Views: 1591

Re: Define: participate in a retirement plan at work

The regulation defining active participant can be found here: http://www.law.cornell.edu/cfr/text/26/1.219-2 That language doesn't seem to include defined contribution plans, just defined benefit and stock sharing. My understanding is that a 401(k) plan is a qualified profit-sharing plan with an el...
by ObliviousInvestor
Wed Feb 18, 2015 9:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Define: participate in a retirement plan at work
Replies: 41
Views: 1987

Re: Social Security Strategy

Most bogleheads agree that the optimum strategy for spouses who are close in age and close in income, and in good health, is for the older spouse to file and suspend at FRA and the younger to file for spousal benefits at FRA, and then both to wait until 70 and then collect their own max benefit. Ve...
by ObliviousInvestor
Wed Feb 18, 2015 2:43 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security Strategy
Replies: 6
Views: 1252

Re: Switch from Target 2045 in IRA

JMO, but I think it's not worth the hassle for $20ish/year to have to keep rebalancing and staying on the glidepath. The Vanguard target date funds rebalance along the glidpath at the end of every calendar quarter. Every quarter? So once every 3 months? Don't you think that's a bit too passive, or ...
by ObliviousInvestor
Tue Feb 17, 2015 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switch from Target 2045 in IRA
Replies: 10
Views: 643

Re: SIGN PETITION FOR Jack Bogle's Presidential Medal of Fre

runner9 wrote:To whoever created the petition text: is it possible to edit to change "countries" to "country's" in the last line, as it's possessive, not plural?

If possible, this would help with credibility, IMO.
by ObliviousInvestor
Fri Feb 13, 2015 4:54 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: SIGN PETITION FOR Jack Bogle's Presidential Medal of Freedom
Replies: 174
Views: 9863

Re: How many have a membership in AARP?

Never heard of AMAC. Maybe I'm just too young. I wish! :twisted: Just Goodled it and didn't dig deep, just noticed all the "Featured Articles" on the home page are political in nature. Is that the usual? Yes, that's pretty typical. They position themselves as the "conservative altern...
by ObliviousInvestor
Fri Feb 13, 2015 11:48 am
 
Forum: Personal Consumer Issues
Topic: [Is it worth getting an] AARP [membership]?
Replies: 58
Views: 3990

Re: Dave Ramsey says you shouldn't own bonds?

There are a number of places where Ramsey's investment advice differs significantly from Boglehead advice. At the same time, there are places where he agrees with Boglehead investment advice.

See here for a summary:
http://www.bogleheads.org/forum/viewtop ... 0#p1640400
by ObliviousInvestor
Fri Feb 06, 2015 11:06 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says you shouldn't own bonds?
Replies: 64
Views: 8808

Re: Social Security File and Suspend Clarification

In order to file a restricted application (i.e., an application for just spousal benefits), you must have reached your full retirement age. In other words, as stated, your plan would not work because if your mother-in-law filed at 64 for spousal benefits, she'd also automatically be filing for her o...
by ObliviousInvestor
Fri Feb 06, 2015 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security File and Suspend Clarification
Replies: 1
Views: 277

Re: Social Security "Death benefit"

Perhaps the post from Alan S. in this thread will be helpful:
viewtopic.php?t=157477&f=2
by ObliviousInvestor
Thu Feb 05, 2015 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security "Death benefit"
Replies: 9
Views: 1435

Re: What was this post-death Social Security Payment?

IowaFarmBoy wrote:She was 80, not working.

Well, age 80 rules out what had been my best hypothesis. I'm struggling to come up with anything else though, other than that it's simply her last month of normal benefits.
by ObliviousInvestor
Thu Feb 05, 2015 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: What was this post-death Social Security Payment?
Replies: 6
Views: 842

Re: Social Security "Death benefit"

This is interesting (especially given that something similar is being reported in another thread right now).

Do you know what her normal monthly check amount was? Also, how old was she? And was she still working?
by ObliviousInvestor
Thu Feb 05, 2015 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security "Death benefit"
Replies: 9
Views: 1435

Re: What was this post-death Social Security Payment?

Hmm. Interesting.

What was her normal monthly check amount? Also, how old was she? And was she still working?
by ObliviousInvestor
Thu Feb 05, 2015 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: What was this post-death Social Security Payment?
Replies: 6
Views: 842

Re: Help for Lively 83 yr. old

I wouldnt have a goal of maximizing tax efficiency. Id have a goal of most money or income. Just to be clear, I agree with you that the goal is not to maximize tax efficiency. I agree with the goal of having the most money (that is, most available dollars available to spend on an after-tax basis). ...
by ObliviousInvestor
Sun Feb 01, 2015 1:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help for Lively 83 yr. old
Replies: 13
Views: 1953

Re: Overwhelmed by SS Options for Mom (Widow)

As far as I know there is no benefit to waiting to claim widow's benefits. She should delay taking her own --it sounds like her own would be a lot lower anyway. She should be able to apply fairly straight fwd widow benefits. You most likely can do it online with little more than the appropriate inf...
by ObliviousInvestor
Sun Feb 01, 2015 2:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Overwhelmed by SS Options for Mom (Widow)
Replies: 5
Views: 633

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

We consider you to first become eligible for a monthly pension in the first month for which you met all requirements for the pension except that you were working or had not yet applied. That is interesting. I wonder how they (SS Administration) calculate that? A pension benefit is not only difficul...
by ObliviousInvestor
Fri Jan 30, 2015 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2463

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

The WEP reduces the government employee's primary insurance amount (PIA), thereby reducing all benefits based on that person's PIA (i.e., that person's own retirement benefit, a spouse's benefit based on that person's work record, a widow/widower's benefit based on that person's work record, etc.)....
by ObliviousInvestor
Fri Jan 30, 2015 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2463

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

Is it correct for me to tell the SSA that I am filing a "restricted" application for my own-record benefits at age 62? Do I need to do this in person at the SSA office or is it safe to do this on-line? (In other words, is there any risk that I will click some button in the on-line process...
by ObliviousInvestor
Fri Jan 30, 2015 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2463

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

I had thought that for one spouse to file and suspend and the other spouse to file a restrictive app to collect spousal benefits, both had to be at FRA. Is this not true? In order to file a restricted application, you must have reached FRA. That is a helpful bit of the terminology puzzle for me. So...
by ObliviousInvestor
Fri Jan 30, 2015 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2463

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

Is it correct for me to tell the SSA that I am filing a "restricted" application for my own-record benefits at age 62? Do I need to do this in person at the SSA office or is it safe to do this on-line? (In other words, is there any risk that I will click some button in the on-line process...
by ObliviousInvestor
Fri Jan 30, 2015 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2463

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

I had thought that for one spouse to file and suspend and the other spouse to file a restrictive app to collect spousal benefits, both had to be at FRA. Is this not true? In order to file a restricted application, you must have reached FRA. And in order to suspend, you must have reached FRA. So if ...
by ObliviousInvestor
Fri Jan 30, 2015 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2463

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

We did the following: 1 wife(2yrs younger) lower earner--Started SS at 62 2 me at 66, filed and suspended(restricted app is new to me?) filed for wife FRA/2(collected for 2 yrs) 3 Wife at 66, filed for spousal and started my FRA/2-----I then lost my spousal on her record 4 I will start at 70 in 6 m...
by ObliviousInvestor
Fri Jan 30, 2015 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2463

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

Could I benefit from a restrictive app? I am 65. My wife is 60. She has higher social security earnings than me. I am retired. She is still working. I have not taken social security yet. For you to be able to file for a spousal benefit (which is what a restricted application is), your wife must hav...
by ObliviousInvestor
Fri Jan 30, 2015 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2463

Re: Must you be employed to execute a restricted application

Mike, what is the difference in file and suspend and restricted application? Filing and suspending is done in cases in which you want to have technically filed for your own retirement benefit, yet you don't actually want to be receiving it yet. There are generally two types of situations in which t...
by ObliviousInvestor
Fri Jan 30, 2015 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Must you be employed to execute a restricted application?
Replies: 5
Views: 800

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: 11
Views: 1561
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