Search found 2155 matches

Return to advanced search

Re: Social Security - Receive Any Letters Approaching Age 70

From what I read paper statements only go out every 5 years. So beginning in September 2014, SSA will resume mailing paper statements to workers attaining ages 25, 30, 35, 40, 45, 50, 55, and 60 and over who are not receiving Social Security benefits and who are not registered for an online account...
by ObliviousInvestor
Sun Jul 27, 2014 8:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security - Receive Any Letters Approaching Age 70?
Replies: 10
Views: 906

Re: Social Security - Receive Any Letters Approaching Age 70

1. Do any instructions or reminder letters arrive approaching Age 70? Well, you do get your Social Security statement. According to the current policy, you would get a paper statement every year from age 60 onward (unless you've signed up for the online account version of the statement). As you've ...
by ObliviousInvestor
Sun Jul 27, 2014 4:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security - Receive Any Letters Approaching Age 70?
Replies: 10
Views: 906

Re: A Scenario and 3 questions

SS benefits when taken will have been indexed upward for inflation. (I think that technically they index upward the salary history. One of our experts can advise on the exact formulation). All earnings that occur up to age 60 are indexed upward for wage inflation in the calculation of one's "a...
by ObliviousInvestor
Sun Jul 27, 2014 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: A Scenario and 3 questions
Replies: 7
Views: 515

Re: Divorce - Remarry - Die Social Security Question

Both the first and second wife have the option to receive widow's benefits, provided they meet the various requirements. For the second wife: http://www.ssa.gov/OP_Home/cfr20/404/404-0335.htm For the ex-wife: http://www.ssa.gov/OP_Home/cfr20/404/404-0336.htm Widow benefits are calculated the same re...
by ObliviousInvestor
Sun Jul 27, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Divorce - Remarry - Die Social Security Question
Replies: 3
Views: 538

Re: Vanguard quietly adds longevity annuities

I couldn't quite find anything stating this as clearly as it needs to be stated, but it seems obvious that these quotations are literally for just what they say. Payments of a preset number of dollars , $1,000 a month starting in 2034 . A specific number of dollars in 2034. NOT $1,000 adjusted for ...
by ObliviousInvestor
Sat Jul 26, 2014 8:40 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard quietly adds longevity annuities
Replies: 76
Views: 5010

Re: Social Security Disability income reporting

The following reference is from the SSA manual. It doesn't help with how exactly to report the income, but it does support 123's statement that royalties for past work shouldn't be counted. ("SGA" is "substantial gainful activity.") https://secure.ssa.gov/apps10/poms.nsf/lnx/0410...
by ObliviousInvestor
Thu Jul 24, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Disability income reporting
Replies: 2
Views: 293

Re: Good 401(k) for an 11 year-old!

sscritic wrote:The one offered by the company he works for. That's the one most people use.

Great answer. :)
by ObliviousInvestor
Thu Jul 24, 2014 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Good 401(k) for an 11 year-old!
Replies: 7
Views: 622

Re: favorite bogleheads posts?

random_walker_77 wrote:Does anyone have favorites they'd like to share? Please post links here.

Also from nisiprius: "A time to EVALUATE your jitters." Almost 3 years old now. I still refer people to it via email on a regular basis.
viewtopic.php?t=79939
by ObliviousInvestor
Thu Jul 24, 2014 9:05 am
 
Forum: Local Chapters and Bogleheads Community
Topic: favorite bogleheads posts?
Replies: 47
Views: 3366

Re: Have you used Ramit Sethi's Courses?

Info products = avoid. If it's legit, it can be freely checked out at your library. Of the last 5 books I've read (2 related to personal finance, 3 related to climbing), none are available at my local library. Yet all 5 were definitely worth the money I spent. Libraries are wonderful, but there's p...
by ObliviousInvestor
Wed Jul 23, 2014 11:36 pm
 
Forum: Personal Consumer Issues
Topic: Have you used Ramit Sethi's Courses?
Replies: 26
Views: 3956

Re: HSA and ObamaCare subsidies

http://obamacarefacts.com/insurance-exchange/calculating-tax-credits.php The expanded summary is that ObamaCare subsidies are based on MAGI (Modified Adjusted Gross Income). MAGI is the same as AGI (Adjusted Gross Income) except it adds non-taxable interest. While your answer to the OP is correct w...
by ObliviousInvestor
Wed Jul 23, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA and ObamaCare subsidies
Replies: 12
Views: 1180

Re: HSA and ObamaCare subsidies

Thanks for the confirmation, LG.
by ObliviousInvestor
Wed Jul 23, 2014 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA and ObamaCare subsidies
Replies: 12
Views: 1180

Re: HSA and ObamaCare subsidies

Today's court rulings put ObamaCare subsidies in doubt; you may not even have any subsidies in the future! Nothing has put the subsidies for state-established exchanges in doubt. As far as the federal exchange, it's still very much a wait-and-see situation, especially with the conflicting rulings y...
by ObliviousInvestor
Wed Jul 23, 2014 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA and ObamaCare subsidies
Replies: 12
Views: 1180

Re: HSA and ObamaCare subsidies

IRC 36B(d)(2)(B) has the definition of MAGI that is used for determining Affordable Care Act subsidies:
http://www.law.cornell.edu/uscode/text/26/36B#d
by ObliviousInvestor
Tue Jul 22, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA and ObamaCare subsidies
Replies: 12
Views: 1180

Re: Memory foam mattresses - any insight?

I have no experience with memory foam mattresses. One thing I learned when shopping for a latex foam mattress, however, is that the more expensive ones are 100% latex. The cheaper ones are, for example, a few inches of latex on top of a cheaper foam base (which usually degrades faster than latex). T...
by ObliviousInvestor
Sat Jul 19, 2014 2:36 pm
 
Forum: Personal Consumer Issues
Topic: Memory foam mattresses - any insight?
Replies: 55
Views: 4048

Re: Delaying SS while working past age 70

That's precisely why I disagreed so strongly with the statement indicating that the when-to-claim decision is a wash (or nearly so), regardless of circumstances. who made that statement ? and which post is it ? This statement: Bottom line, the Social Security factors are approximations to actuarial...
by ObliviousInvestor
Tue Jul 15, 2014 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Delaying SS while working past age 70

(a) the mortality rates involved (b) interest assumption (c) the particular PIA's of each person (d) the particular ages involved (e) the assumption regards claim timing , early or delayed from FRA for each person (f) maybe some others that I can't think of right now A lot of variables involved. In...
by ObliviousInvestor
Tue Jul 15, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Delaying SS while working past age 70

What bugs me is when people make assertions as if they were fact without supporting them mathematically or pointing to a research paper that does so. This little snippit from an AARP article is in the same ballpark with your unsupported statements Frankly, I wouldn't think this would require a rese...
by ObliviousInvestor
Sun Jul 13, 2014 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Will I get premium tax credit or not ?

Any time you want to be really sure, go to the actual applicable IRC section:
http://www.law.cornell.edu/uscode/text/26/36B
by ObliviousInvestor
Sun Jul 13, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will I get premium tax credit or not ?
Replies: 6
Views: 932

Re: How much do you spend on your hobby annually?

Rock climbing. And, a few thousand dollars per year between gear, travel, and a gym membership.
by ObliviousInvestor
Sun Jul 13, 2014 12:27 pm
 
Forum: Personal Consumer Issues
Topic: How much do you spend on your hobby annually?
Replies: 77
Views: 6981

Re: Delaying SS while working past age 70

thanks IO , I'll have to spend a little more time digesting your response but on first quicky look it appears that you're essentially saying total benefits for 2 people are better than the benefit for one - that's not a surprise but I'll have to look at it again tomorrow - Thanks again !!! That's o...
by ObliviousInvestor
Sun Jul 13, 2014 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Delaying SS while working past age 70

My point with all of the above is simply that it doesn't make sense to broadly refer to delaying Social Security as actuarially neutral (or worse than neutral, or better than neutral). Wherever the decision falls on that spectrum for unmarried people, it's significantly better for a high-PIA spouse...
by ObliviousInvestor
Sun Jul 13, 2014 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Delaying SS while working past age 70

delaying Social Security is effectively purchasing a joint lifetime annuity (with the other annuitant being almost 8 years younger than you) for the price of a single lifetime annuity. OI , you also talked about the higher PIA spouse delaying being effectively the purchase of a last survivor annuit...
by ObliviousInvestor
Sat Jul 12, 2014 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Spouse Benefit - Social Security

If your wife files for her retirement benefit at age 62 and you have already filed for your retirement benefit (thereby making her eligible for a spousal benefit as well), she will automatically be deemed to have filed for her spousal benefit at that time as well. The amount she would get would be:...
by ObliviousInvestor
Sat Jul 12, 2014 8:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Spouse Benefit - Social Security
Replies: 14
Views: 2037

Re: SAT preparation

My siblings and I each read Up Your Score and found it to be helpful. We went 3/3 for National Merit finalists, though of course I can't say how well we would have done without the book or with a different study program.
by ObliviousInvestor
Sat Jul 12, 2014 8:44 am
 
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 30
Views: 2307

Re: Can we both collect SS spousal benefits, sequentially?

I just checked out the T Rowe Price social security calculator... I think it gave me some non optimal results... http://individual.troweprice.com/public/Retail/Retirement/Social-Security-Tool?WTAFeaturedResult=Social%20Security I am 62 with pia = $1500 She is 16 months younger with pia = $2000 we a...
by ObliviousInvestor
Fri Jul 11, 2014 6:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we both collect SS spousal benefits, sequentially?
Replies: 13
Views: 1767

Re: Spouse Benefit - Social Security

There was a recent thread indicating that the TRP calculator has a flaw in its calculations. Unfortunately, I can't remember the details or manage to find the thread at the moment. Perhaps somebody else can provide a link? Is this it? It was never answered. http://www.bogleheads.org/forum/viewtopic...
by ObliviousInvestor
Fri Jul 11, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spouse Benefit - Social Security
Replies: 14
Views: 2037

Re: Spouse Benefit - Social Security

jkirkmd, Have you tried using the T Rowe Price calculator? http://individual.troweprice.com/public/Retail/Retirement/Social-Security-Tool There was a recent thread indicating that the TRP calculator has a flaw in its calculations. Unfortunately, I can't remember the details or manage to find the th...
by ObliviousInvestor
Fri Jul 11, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spouse Benefit - Social Security
Replies: 14
Views: 2037

Re: Spouse Benefit - Social Security

First we need to clear up some terminology. A person's PIA is his/her retirement benefit if claimed at full retirement age . So it sounds like your PIA must be $2,407. (That is, $2,600 ÷ 1.08, since $2,600 is the amount you'd get if claiming 1 year after your FRA.) Is your wife's FRA also 66? If so,...
by ObliviousInvestor
Fri Jul 11, 2014 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spouse Benefit - Social Security
Replies: 14
Views: 2037

Re: Capital Gains Tax Question

Stupid tax questions--I have a ~$2500 gain from sale of stock. I sold a watch for about $1000 less than it cost new. Can I offset the loss? Do the transaction costs of selling the watch (eBay, PayPal, postage) come off the sales price of the watch? Or do I have to deduct those separately (and meet ...
by ObliviousInvestor
Fri Jul 11, 2014 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax Question
Replies: 3
Views: 782

Re: Delaying SS while working past age 70

This conversation is finally starting to convince me to pay back my six months of SS and hold off. I was the higher earner and DW is almost eight years younger. I talked with Mike Piper at BH12 and he suggested delaying and now it's decision time. Yep, what I was saying at BH12 is the same thing I'...
by ObliviousInvestor
Fri Jul 11, 2014 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: True or False? Your risk tolerance only increases with t

Risk Tolerance should decrease with age -- human capital is being depleted. Not if your career is going well. It's certainly plausible that your future NPV of wages is increasing even though you're getting older. This would only be the case if your earnings are growing faster than expected. Any exp...
by ObliviousInvestor
Fri Jul 11, 2014 10:58 am
 
Forum: Investing - Theory, News & General
Topic: True or False? Your risk tolerance only increases with time
Replies: 30
Views: 2338

Re: Changes to Vanguard Balance and Personal Performance tab

nisiprius wrote:I do sometimes think Vanguard must be paying attention to the forum...

I have heard from several different people at Vanguard that they pay close attention to it.
by ObliviousInvestor
Thu Jul 10, 2014 4:47 pm
 
Forum: Investing - Theory, News & General
Topic: Changes to Vanguard Balance and Personal Performance tabs
Replies: 18
Views: 2097

Re: Delaying SS while working past age 70

OI, the authors don't say that Table 3 only applies to unmarried people ?? but I probably don't know the SS rules as well as you - are you saying that a married male that is entitled to $1000 at FRA 65 and decides to delay claiming until age 70 won't get $1,400 at age 70 ? could you explain under w...
by ObliviousInvestor
Thu Jul 10, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Delaying SS while working past age 70

Actuarial equivalence has a very specific meaning Indeed. And my point is simply that to discuss the actuarial equivalence of benefits at 62 vs. benefits at FRA (or at 70, or any other age) we must state who we're talking about. For example, Table 3 that you reference is relevant only to unmarried ...
by ObliviousInvestor
Thu Jul 10, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: SS: another benefit of file & suspend

Indeed. For anybody interested in the applicable citation, in case you're worried about an SSA employee giving you grief when you try it, look here under "effective month": https://secure.ssa.gov/apps10/poms.nsf/lnx/0202409130#b The key point is that you can have your benefits reinstated, ...
by ObliviousInvestor
Thu Jul 10, 2014 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: SS: another benefit of file & suspend
Replies: 10
Views: 1157

Re: Delaying SS while working past age 70

OI you've created another topic for another day as far as I'm concerned - just focus on my first sentence and let me know if you understand what I'm saying ?? Just to be sure we're talking about the same post. Do you mean this one? I'm saying that studies using a large sample from the SSA database ...
by ObliviousInvestor
Wed Jul 09, 2014 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Delaying SS while working past age 70

Not sure what OI is talking about - if a single guy and a married guy have the same DOB and earnings history , don't they get the same FRA benefit and delayed benefit ?? For an unmarried person, delaying Social Security is effectively purchasing a lifetime annuity. For the higher-PIA spouse in a ma...
by ObliviousInvestor
Wed Jul 09, 2014 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: What finance experts do you follow on Twitter?

I follow about 400 people on Twitter. In addition to many of those mentioned above, some of the following personal finance folks might be of interest to Bogleheads: https://twitter.com/WCInvestor EmergDoc https://twitter.com/MBFretirepro Mary Beth Franklin https://twitter.com/bogleheads Mel https://...
by ObliviousInvestor
Wed Jul 09, 2014 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: What finance experts do you follow on Twitter?
Replies: 35
Views: 4588

Re: Disclosing Financial Position

I would think that keeping it a secret would keep things simple and not muddy the waters. This seems exactly backwards in my opinion. Having everything out in the open is very simple, straightforward. Having to guess at your significant other's financial position seems to me to be "muddied wat...
by ObliviousInvestor
Wed Jul 09, 2014 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disclosing Financial Position
Replies: 13
Views: 1169

Re: Delaying SS while working past age 70

Bottom line, the Social Security factors are approximations to actuarial equivalence and most if not all studies show that the differences are small and certainly do not make it a slam dunk decision for those wondering whether to delay receipt. This is only true for unmarried people. If the delay-o...
by ObliviousInvestor
Wed Jul 09, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Longevity Annuities

Lots of press recently on Longevity Annuities....drawing on payments starting around 80? Seems like a crap shoot of a gamble with odds going to the insurance companies...what do the bogleheads think? It's less of a crap shoot if you wait until 80 to buy one. By then you can estimate your remaining ...
by ObliviousInvestor
Wed Jul 09, 2014 10:15 am
 
Forum: Investing - Theory, News & General
Topic: Longevity Annuities
Replies: 18
Views: 2558

Re: Affordable health insurance

With you being retired, might it be possible via tax planning to keep your income low enough during 2015 to qualify for subsidies for insurance purchased on an exchange? (Depends a great deal on whether your spouse works, for instance.)
by ObliviousInvestor
Tue Jul 08, 2014 5:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable health insurance
Replies: 33
Views: 2925

Re: Delaying SS while working past age 70

BobK, I already understood everything you said (great stuff), but it doesn't directly address my point. I used a 1% real rate to get the breakeven points mentioned (late 70s to mid 80s). Generic differences don't matter if you know your own situation. Whether male or female, if you are single and y...
by ObliviousInvestor
Tue Jul 08, 2014 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Delaying SS while working past age 70

BobK, all of your contributions here are tremendous, but I'd think that a single person doesn't need to be gravely ill for not delaying to make sense. With breakeven in the late 70s (delay from 62 to 66) to mid 80s (delay from 66 to 70), it seems that if one's health is bad enough that one's chance...
by ObliviousInvestor
Tue Jul 08, 2014 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: Delaying SS while working past age 70

BobK, all of your contributions here are tremendous, but I'd think that a single person doesn't need to be gravely ill for not delaying to make sense. With breakeven in the late 70s (delay from 62 to 66) to mid 80s (delay from 66 to 70), it seems that if one's health is bad enough that one's chance...
by ObliviousInvestor
Tue Jul 08, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 9773

Re: In Which Theories Should I Have Confidence?

There's kind of an unresolved paradox on this board: the 3 fund portfolio (which doesn't include international bonds) is recommended, as are the Target Retirement funds, which do include international bonds. 6) I personally want optimal performance, and don't much care about simplicity. So take thi...
by ObliviousInvestor
Mon Jul 07, 2014 10:32 am
 
Forum: Investing - Theory, News & General
Topic: In Which Theories Should I Have Confidence?
Replies: 43
Views: 4237

Re: Longevity Insurance now allowed in IRA/401k/etc.

You could buy a deferred annuity today for 125k at 65 that would pay out 6k/month (sole)/4k (death benefit)/3k (with surviour and death benefit) at 85. Is assume this a mistake: One can buy an annuity for $125K and receive $3K to $6K per month in 20 years with survivor benefits? Should this be per ...
by ObliviousInvestor
Fri Jul 04, 2014 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4916

Re: Longevity Insurance now allowed in IRA/401k/etc.

sscritic wrote:We are both using the wrong table. The tables we were using are Period Tables. [...] We want a Cohort Table.

Thank you for making that distinction.
by ObliviousInvestor
Wed Jul 02, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4916

Re: Longevity Insurance now allowed in IRA/401k/etc.

What are the odds of living to 105 or even 95? Less than 1%. Knock yourself out doing the rest of the math. 50% chance of losing 100% over a 20 year period versus 1% chance of living to 95 to break even on investment. You are underestimating the odds of living to 95. Using the SS tables I reference...
by ObliviousInvestor
Wed Jul 02, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4916

Re: Longevity Insurance now allowed in IRA/401k/etc.

What are the odds of living to 105 or even 95? Less than 1%. Knock yourself out doing the rest of the math. 50% chance of losing 100% over a 20 year period versus 1% chance of living to 95 to break even on investment. You are underestimating the odds of living to 95. I refer again to Vanguard's lif...
by ObliviousInvestor
Wed Jul 02, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4916
Next

Return to advanced search