Search found 2575 matches

by ObliviousInvestor
Wed Jul 29, 2015 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion: Threshold checklist
Replies: 4
Views: 385

Re: Roth conversion: Threshold checklist

One step I would take is check your prior tax returns for any credits/deductions that you've taken in the past (and which -- income limits aside -- you would be able to continue taking), so that you can look into relevant thresholds for those. Also, it will be important to remember that the income b...
by ObliviousInvestor
Mon Jul 27, 2015 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: File and suspend SS for dad
Replies: 5
Views: 512

Re: File and suspend SS for dad

Just echoing what others have noted: It is too late to withdraw the application (i.e., pay back benefits and make it as if he had not yet filed), because there is only a 1-year window for that. But it is not too late to suspend and still get a little bit of an increase.
by ObliviousInvestor
Sun Jul 26, 2015 9:02 pm
Forum: Personal Consumer Issues
Topic: Can you return food at a restaurant and not have to pay for it?
Replies: 46
Views: 4331

Re: Can you return food at a restaurant and not have to pay for it?

I have to do this on a fairly regular basis -- probably one out of every twenty times we eat out. I have celiac disease, which means I get super sick if I eat anything with wheat. So when I order I often end up explaining that I can't have gluten, then asking them to leave off a side that ordinaril...
by ObliviousInvestor
Sun Jul 26, 2015 4:53 pm
Forum: Personal Consumer Issues
Topic: Can you return food at a restaurant and not have to pay for it?
Replies: 46
Views: 4331

Re: Can you return food at a restaurant and not have to pay for it?

I have to do this on a fairly regular basis -- probably one out of every twenty times we eat out. I have celiac disease, which means I get super sick if I eat anything with wheat. So when I order I often end up explaining that I can't have gluten, then asking them to leave off a side that ordinarily...
by ObliviousInvestor
Sun Jul 26, 2015 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting For 2016 Medicare Part B Increase
Replies: 14
Views: 1475

Re: Budgeting For 2016 Medicare Part B Increase

Thank you for the reply, Ron. I guess we'll wait and see. :)

If anybody happens to remember this thread and post an update when the time comes, I would sincerely appreciate it. It would be helpful going forward if we could all be confident in our understanding of how this works.
by ObliviousInvestor
Sun Jul 26, 2015 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting For 2016 Medicare Part B Increase
Replies: 14
Views: 1475

Re: Budgeting For 2016 Medicare Part B Increase

Are we sure that the article is correct on this point? I always like to check the source material to learn more (especially on topics, like Medicare, in which I am not an expert). The article is supposedly about several pieces of information from this year's Trustees Report, but I'm not seeing anyth...
by ObliviousInvestor
Sun Jul 26, 2015 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Unique Social Security Question
Replies: 3
Views: 738

Re: Unique Social Security Question

All the stuff about performing "substantial services" for one's business is only relevant with regard to the "grace year" rule. The grace year rule is an exception to the normal earnings test rule. It allows you, in some cases, to avoid applicability of the earnings test in the f...
by ObliviousInvestor
Fri Jul 24, 2015 6:30 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3698

Re: How to pay taxes on blog income?

Yes, very interesting. I was not aware of this. There also appears to be a difference in which SE taxes are deducted to reach net earnings from self-employment. The snippet: For SIMPLE plans, net earnings from self-employment is the amount on line 4 of Short Schedule SE or line 6 of Long Schedule S...
by ObliviousInvestor
Fri Jul 24, 2015 9:00 am
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3698

Re: How to pay taxes on blog income?

Why not an individual 401(k)? At lower income levels, a SIMPLE can sometimes make sense in that it allows for a higher contribution due to the different definition of "net earnings from self-employment." Could you enlighten us on this. I am not aware of anything about self-employment inco...
by ObliviousInvestor
Thu Jul 23, 2015 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Not paying estimated taxes
Replies: 20
Views: 2261

Re: Not paying estimated taxes

Why is taking additional money out of the IRA the only option other than paying a penalty? Why not increase the withholding from your wife's wages for instance?
by ObliviousInvestor
Thu Jul 23, 2015 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7529

Re: Why did you take SS at FRA instead of delaying until 70?

MarketWatch had an article about this recently. I thought is had some excellent points and real world reasons for doing so. There is no ‘right’ answer on when to claim Social Security by George Sisti. George Sisti has some very good and sensible explanations for his views and recommendations. http:...
by ObliviousInvestor
Wed Jul 22, 2015 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Finances: Findings of the 2015 Trustees Report
Replies: 4
Views: 592

Re: Social Security Finances: Findings of the 2015 Trustees Report

Thanks for the heads-up, Bob! Has there ever been a time in SS history that the SSA has reduced the benefits of recipients who were already receiving SS benefits? I'm not talking about poor COLA numbers, but the SSA actually reducing benefits across the board for those already receiving them. If so,...
by ObliviousInvestor
Wed Jul 22, 2015 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7529

Re: Why did you take SS at FRA instead of delaying until 70?

If delaying is actuarially advantageous, that means that if the person lives exactly to their life expectancy, they will have been better off delaying. If delaying is actuarially neutral, they will have been as well off having delayed as having claimed early, if they live to their life expectancy. ...
by ObliviousInvestor
Wed Jul 22, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7529

Re: Why did you take SS at FRA instead of delaying until 70?

It's still often actuarially advantageous for the lower earner in married couples to file early, especially if one spouse is in poor health. And it is still often actuarially advantageous for unmarried people to file early if they are in poor health (or, in some cases, not as early as 62 but not as...
by ObliviousInvestor
Wed Jul 22, 2015 2:45 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3698

Re: How to pay taxes on blog income?

On a related topic- Has anyone with blog income or side income ever set up a Simple IRA? - I am curious as to what is involved in setting one up- Is there paperwork involved or is a 1099 showing income sufficient to establish your personal business- Currently I am working to set up a side business ...
by ObliviousInvestor
Wed Jul 22, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7529

Re: Why did you take SS at FRA instead of delaying until 70?

Please correct if I am wrong, but I am pretty sure I read a post by bobcat2 that indicated that with low inflation and low interest rates, delaying is not neutral, but advantageous for everyone. You are correct that low inflation-adjusted interest rates make delaying better than it would be if infl...
by ObliviousInvestor
Tue Jul 21, 2015 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7529

Re: Why did you take SS at FRA instead of delaying until 70?

I plan to start SS benefits at 62, in just seven months. My spouse will take spousal benefits at 62 less than two years later (no benefits due based on own earnings). I am so confused. I thought you had to be FRA to claim spousal. Nope, just 62. You do have to be FRA to receive a full spousal benef...
by ObliviousInvestor
Mon Jul 20, 2015 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7529

Re: Why did you take SS at FRA instead of delaying until 70?

This is a little off topic, but since most people start collecting SS at 62 instead of FRA or 70 will that allow the SS trust fund to stay solvent longer? I've looked for some data on this but have come up with nothing. Well, the fact that many people use suboptimal claiming strategies (and often &...
by ObliviousInvestor
Mon Jul 20, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7529

Re: Why did you take SS at FRA instead of delaying until 70?

Filed at 68 and 7 months instead of waiting till 70. Reasons: ... 2) Did not want to extend the break even age any further. ... I could be wrong, but my understanding is that the break even point is the same no matter when you file. So if you waited until 70, you would be missing payments for anoth...
by ObliviousInvestor
Sun Jul 19, 2015 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7529

Re: Why did you take SS at FRA instead of delaying until 70?

Kind of disappointing that so few of the posters actually read the question, and answered why they chose to take SS at FRA versus 70 :oops: Good point, but I found so many of the responses interesting anyway. Also, FRA is only 1 month out of a 96 month window. Limiting the discussion strictly to pe...
by ObliviousInvestor
Sun Jul 19, 2015 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7529

Re: Why did you take SS at FRA instead of delaying until 70?

Kind of disappointing that so few of the posters actually read the question, and answered why they chose to take SS at FRA versus 70 :oops: Good point, but I found so many of the responses interesting anyway. Also, FRA is only 1 month out of a 96 month window. Limiting the discussion strictly to pe...
by ObliviousInvestor
Sun Jul 19, 2015 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: To roll or not to roll - (former employer 401-K)
Replies: 10
Views: 660

Re: To roll or not to roll - (former employer 401-K)

As katzmandu mentioned, you may want to consider rolling into the current employer's 401(k) rather than into an IRA. While distributions from a 401(k) prior to age 59.5 can be subject to the 10% penalty, there is an exception for distributions from an employer plan when the employee is already separ...
by ObliviousInvestor
Sun Jul 19, 2015 7:50 am
Forum: Forum Issues and Administration
Topic: Not getting some email notifications
Replies: 8
Views: 790

Re: Not getting some email notifications

retiredjg wrote:The last week or so, my email notifications seem to be unreliable. Sometimes I get them and sometimes I don't. I have not been able to figure out any pattern.

Ditto this.
by ObliviousInvestor
Fri Jul 17, 2015 11:16 am
Forum: Personal Finance (Not Investing)
Topic: File-and-suspend application
Replies: 10
Views: 545

Re: File-and-suspend application

Thank You Mike. I will read the 2 threads you linked. It appears there is some benefit to "Resume" benefits in a January of any year after my FRA, correct ?? One never collects retroactively in January for those prior DRC months. I may not wait all the way to Age 70 to collect, so I will ...
by ObliviousInvestor
Fri Jul 17, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: File-and-suspend application
Replies: 10
Views: 545

Re: File-and-suspend application

She did say something that didn't sound right, and I asked her to repeat it to me.......she said that DRC's are added to my PIA in January and that starting to collect in any other month would miss out on DRC's from January up to that month. IOW -- if I "resume" benefits in June, I will n...
by ObliviousInvestor
Fri Jul 17, 2015 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Retroactive Social Security
Replies: 11
Views: 916

Re: Retroactive Social Security

Ah, so what you are saying is that if I had left it as a Feb 2014 first payment then my 2015 check would have gone up the 1.7% cola PLUS and additional 2/3% for the missing January payments. I didn’t get a DRC because I basically retired in January. Yes. Hopefully one DRC (as opposed to one additio...
by ObliviousInvestor
Fri Jul 17, 2015 9:48 am
Forum: Personal Finance (Not Investing)
Topic: File-and-suspend application
Replies: 10
Views: 545

Re: File-and-suspend application

Now, my suggestion/request: Could any of the experts here suggest how someone in my situation – unmarried or with a spouse who is ineligible for benefits – word the “comments” part of their file-and-suspend application so it’s clear that the applicant is preserving his/her right to a potential retr...
by ObliviousInvestor
Fri Jul 17, 2015 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Retroactive Social Security
Replies: 11
Views: 916

Re: Retroactive Social Security

I just went back and checked my actual social security checks. When I did compared my 2014 SS check plus 104.9 (Medicare) to my 2015 SS check plus 104.9, the difference was 1.7059%. The COLA was 1.7% for 2015. I see rounding, but no sign of a decrease in COLA for the “DRC”. My 3/19/14 check was for...
by ObliviousInvestor
Fri Jul 17, 2015 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Retroactive Social Security
Replies: 11
Views: 916

Re: Retroactive Social Security

Spirit Rider wrote:Doesn't getting retroactive payments also adjust the DRCs back to that date?

Yes.

Spirit Rider wrote:Also, isn't retroactive payments limited to six months unless you did a file and suspend at FRA?

Yes, in most cases. (For disability-related benefits, the limit is 12 months.)
by ObliviousInvestor
Fri Jul 17, 2015 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Turning 65, need Medicare, but delaying Social Security
Replies: 20
Views: 1700

Re: Turning 65, need Medicare, but delaying Social Security

Dandy wrote:As I recall you can just go on the SS website and apply for Medicare.

Yep. Here's the link for a Medicare-only application:
https://www.socialsecurity.gov/medicare/apply.html
by ObliviousInvestor
Wed Jul 15, 2015 9:41 am
Forum: Investing - Help with Personal Investments
Topic: All Eggs in One Basket?
Replies: 20
Views: 2385

Re: All Eggs in One Basket?

If you want to better understand how Vanguard would protect all of your money, then I suggest calling them and having them explain it to you. Linda Wolohan of Vanguard was very helpful in providing several on-record replies to some related questions: http://www.obliviousinvestor.com/is-it-safer-to-...
by ObliviousInvestor
Tue Jul 14, 2015 5:18 pm
Forum: Investing - Theory, News & General
Topic: A Social Security Divorced Spouse Benefits Question
Replies: 6
Views: 413

Re: A Social Security Divorced Spouse Benefits Question

^ And, provided Harry has not remarried. Good point! Thanks Mike, By the way, I'm reading your book "Social Security Made Simple" right now!! I find it to be excellent. Maybe I should finish it before asking more questions? :) The thing that I find difficult is that if he filed when she i...
by ObliviousInvestor
Tue Jul 14, 2015 4:53 pm
Forum: Investing - Theory, News & General
Topic: A Social Security Divorced Spouse Benefits Question
Replies: 6
Views: 413

Re: A Social Security Divorced Spouse Benefits Question

As long as they have been divorced for at least 2 years, because she is eligible for benefits (due to having reached age 62), he can file for spousal benefits regardless of whether she has filed for her own retirement benefit and regardless of whether she has reached her FRA. And, his spousal benefi...
by ObliviousInvestor
Tue Jul 14, 2015 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Defending Public Safety Employees' Retirement Act
Replies: 8
Views: 1562

Re: Defending Public Safety Employees' Retirement Act

i retired at 52 and rolled my TSP into an IRA account. Will I be able to withdraw from this account w/o 10% penalty? It seems that there should be some mention for individuals who no longer have a government account because they rolled it into an outside acct. I am currently 54 and would appreciate...
by ObliviousInvestor
Tue Jul 14, 2015 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Retroactive Social Security
Replies: 11
Views: 916

Re: Retroactive Social Security

In previous conversations with SS, I have been told that the adjustments for early or late starts, compared to FRA, are based on the exact month you start and will be computed to change for each month you delay. That is correct. The issue is that, if you file after reaching FRA (such that you get d...
by ObliviousInvestor
Tue Jul 14, 2015 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retroactive Social Security
Replies: 11
Views: 916

Re: Retroactive Social Security

A friend of mine just retired in February, and he turned 66 the previous November. I did a similar thing in 2014 when I retired in February at 66 and 7 months. I did things at the local office and the nice lady there told me about requesting retroactive checks back to January. The key here is that ...
by ObliviousInvestor
Mon Jul 13, 2015 10:40 pm
Forum: Personal Consumer Issues
Topic: Are you going to shop on Prime Day?
Replies: 89
Views: 7528

Re: Are you going to shop on Prime Day?

I am a Prime member. I doubt I'll be buying anything though. The only things on my shopping list at the moment are two very specific pieces of climbing gear, and it seems unlikely that that kind of stuff will be on sale.
by ObliviousInvestor
Mon Jul 13, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: SS for mother
Replies: 11
Views: 1170

Re: SS for mother

I think she should recheck her numbers. If she is entitled to $2500 at age 66 then she would be entitled to $2025 at age 62. This is $475 per month difference. Perhaps this would make you more comfortable with delaying claiming the survivor benefit. She would only need $66,720 to break even. That w...
by ObliviousInvestor
Mon Jul 13, 2015 11:21 am
Forum: Personal Finance (Not Investing)
Topic: SS for mother
Replies: 11
Views: 1170

Re: SS for mother

I think she should recheck her numbers. If she is entitled to $2500 at age 66 then she would be entitled to $2025 at age 62. This is $475 per month difference. Perhaps this would make you more comfortable with delaying claiming the survivor benefit. She would only need $66,720 to break even. That w...
by ObliviousInvestor
Fri Jul 10, 2015 10:22 am
Forum: Personal Consumer Issues
Topic: One car or two in semi-retirement?
Replies: 49
Views: 3351

Re: One car or two in semi-retirement?

My wife and I share a car with no difficulties. Aside from living in a semi-walkable place (can walk to several restaurants and forms of entertainment but not to grocery store), one major factor that makes it work is that our hobbies and social circles have nearly 100% overlap. It's rare for either ...
by ObliviousInvestor
Fri Jul 10, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: SS question--widow remarries spousal benefit
Replies: 3
Views: 440

Re: SS question--widow remarries spousal benefit

My first question is does the exception in the third bullet point apply to her situation? I don’t know what “certain auxiliary or survivor's benefits under the RRA or SS Act” means. The explanation is provided in the next sentence. :) Personally, I find the CFR much easier to follow though. (See pa...
by ObliviousInvestor
Fri Jul 10, 2015 8:55 am
Forum: Investing - Theory, News & General
Topic: John Bogle vs. the Bogleheads
Replies: 49
Views: 3997

Re: John Bogle vs. the Bogleheads

6miths wrote:I recall Mr Bogle saying that it was reasonable to have an international equity holding at the Bogleheads conference a couple of years ago. I took that as permission. ;)

I believe he has said this every year that I've attended.
by ObliviousInvestor
Fri Jul 10, 2015 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Kitces - BOTH spouses should not delay SS
Replies: 11
Views: 2161

Re: Kitces - BOTH spouses should not delay SS

How would it work out if the non-working spouse is older. My spouse is 3 years older and has no work history. Provided she does not work her entire life, when is the earliest she can file for SS (spousal benefit)? When should she file to collect the maximum? In most cases, assuming you have no mino...
by ObliviousInvestor
Tue Jul 07, 2015 12:53 pm
Forum: Investing - Theory, News & General
Topic: How many Bogleheads tilt Value?
Replies: 49
Views: 3334

Re: How many Bogleheads tilt Value?

I use a LifeStrategy fund, so I do not tilt toward value. If the LifeStrategy fund had a value tilt though, that wouldn't bother me and I would still use it. In Nisiprius's quote above, Fama states that "there's a whole multi-dimensional continuum here of efficient portfolios that anybody can d...
by ObliviousInvestor
Thu Jul 02, 2015 6:56 pm
Forum: Investing - Theory, News & General
Topic: Which Funds to Take RMD From
Replies: 17
Views: 1678

Re: Which Funds to Take RMD From

I am not aware of any calculator or app made specifically for this purpose. If you wanted to do it all in one set of transactions rather than two: 1) Calculate the post-RMD portfolio size (current size, minus RMD), 2) Calculate the desired amount in each fund (new portfolio size, times desired perce...
by ObliviousInvestor
Thu Jul 02, 2015 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Defending Public Safety Employees' Retirement Act
Replies: 8
Views: 1562

Re: Defending Public Safety Employees' Retirement Act

Yep, I just used the title of the Act as the subject. My understanding is that for government employees in the prescribed career fields "50 is the new 59.5" after December 31, 2015. I had heard, but I could not find it written, that it also required that the individual be retired from gov...
by ObliviousInvestor
Thu Jul 02, 2015 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Defending Public Safety Employees' Retirement Act
Replies: 8
Views: 1562

Re: Defending Public Safety Employees' Retirement Act

It would be helpful if you elaborate on what the amendment actually permits, rather than just saying it allows penalty free distributions. Are there any limitations or circumstances before this could occur? An actual link to the passed amendment would also be helpful and the subject heading is a bi...
by ObliviousInvestor
Tue Jun 30, 2015 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Rules of Social Security
Replies: 13
Views: 1615

Re: Rules of Social Security

I"m not sure I fully understand this. My wife is receiving spousal benefits, and Medicare Part B premiums are being deducted from her benefits. Are you saying that I can have my own Part B premiums deducted from my wife's spousal benefits? This would certainly be more convenient than paying ev...
by ObliviousInvestor
Tue Jun 30, 2015 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Widow(er) benefit confusion
Replies: 10
Views: 948

Re: Social Security Widow(er) benefit confusion

My wife and I both reached full retirement age in 2015. My FRA SS benefit is $2,600/mo., and hers is $2,400/mo. I filed and suspended at FRA, and she reached FRA two months later and filed for spousal benefits only. Here is the part of the law that I do not understand. If I die before reaching my e...
by ObliviousInvestor
Tue Jun 30, 2015 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Rules of Social Security
Replies: 13
Views: 1615

Re: Rules of Social Security

http://www.aarp.org/work/social-security/info-2014/file-and-suspend-retirement-strategy The view presented in this AARP article (contrary to the Forbes article mentioned in the OP) is in keeping with my understanding of the POMS section below. https://secure.ssa.gov/poms.nsf/lnx/0601001045 Edited t...

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