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Re: POLL: If Eligible For Social Security .....

sscritic wrote:So what do you think happens if the worker has delayed credits?
I imagine that it is the same. Thanks for the confirmation.
by rkhusky
Tue Apr 22, 2014 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: POLL: If Eligible For Social Security .....

Another question came up when I tried to implement the child benefit. It appears that the spouse/child benefit is the smaller of (family maximum minus your PIA divided by the number taking benefits based on your record) and (PIA/2). If one's benefit is reduced by taking before PIA, does that increas...
by rkhusky
Tue Apr 22, 2014 7:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: Is 1800s stock market data even relevant?

I wonder if active managers had an advantage over passive investors back then. Or if there were inefficiencies in the market that could have been exploited.
by rkhusky
Tue Apr 22, 2014 8:33 am
 
Forum: Investing - Theory, News & General
Topic: Is 1800s stock market data even relevant?
Replies: 47
Views: 1933

Re: POLL: If Eligible For Social Security .....

That's dual entitlement, and the quick answer is no. That would be the same as you collecting the full amount of your own benefit plus the full amount of your benefit as a spouse. Ain't gonna happen. That's what I guessed. Thanks. Now I just need to update my spreadsheet to see if it matters. On a ...
by rkhusky
Mon Apr 21, 2014 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: POLL: If Eligible For Social Security .....

Thanks for the info. If both parents are retired, does a child receive 50% of both parent's PIA?
by rkhusky
Mon Apr 21, 2014 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: POLL: If Eligible For Social Security .....

TomatoTomahto's strategy was based in part on the rules for child's benefits: § 404.350. Who is entitled to child's benefits? (a) General. You are entitled to child's benefits on the earnings record of an insured person who is entitled to old-age or disability benefits or who has died if— (1) You a...
by rkhusky
Mon Apr 21, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: POLL: If Eligible For Social Security .....

It was intended as you read it. I know about your kids (from other posts and from the meaning of 44 benefit-months). I don't know about rkhusky's. I assume he does (know that is, not have kids), so he will be able to figure out how many benefit-months his kids (if he has any) will get if he claims ...
by rkhusky
Mon Apr 21, 2014 6:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: POLL: If Eligible For Social Security .....

Thanks for the info. It's nice to have a data point to compare against to make sure my calculations make sense.
by rkhusky
Mon Apr 21, 2014 6:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: POLL: If Eligible For Social Security .....

What MaximizeMySocialSecurity computed for me is: His Filing Recommendations He takes retirement benefits in Oct 2013, the year he turns 62. He should suspend in Sep 2017, the year he turns 66. He should reinstate retirement benefits in Sep 2021, the year he turns 70. That's interesting. I hadn't t...
by rkhusky
Mon Apr 21, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: Social Security to resume benefits statement mailings

I'm pretty sure SS has phones. I don't think you can get the info by phone. If you miss a couple of the security questions on the web site, you are frozen out and have to go to the local SS office. Seems like a one day or one week or one month lock out would be sufficient to thwart hackers, but tha...
by rkhusky
Mon Apr 21, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security to resume benefits statement mailings
Replies: 8
Views: 1385

Re: POLL: If Eligible For Social Security .....

There seem to be so many discussions focused on age and lifespan that I think some people forget there are other factors to consider when making the decision on taking SS. For example, do you need additional money for living expenses? And if so where do you get it from, SS or someplace else? That w...
by rkhusky
Mon Apr 21, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: If you leave your job, can you use up your whole FSA?

I've taken advantage of this loophole a couple of times: 1. Had Lasik in April, got married in May. Since this was a "life event" I was able to change my FSA contribution to $0. So given the pretax benefit of an FSA, I paid less than 1/3 the cost of the surgery. My company no longer allow...
by rkhusky
Mon Apr 21, 2014 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: If you leave your job, can you use up your whole FSA?
Replies: 29
Views: 1895

Re: From Rags to Riches to Rags (NYTimes.com)

Captain Sensible wrote: The study also found that most people will spend a few years in the lowest earning group.


This is not too surprising. I know that I didn't make very much when I was in college. Further, during my last year in grad school, I probably compared rather poorly to the average earner.
by rkhusky
Mon Apr 21, 2014 8:16 am
 
Forum: Personal Finance (Not Investing)
Topic: From Rags to Riches to Rags (NYTimes.com)
Replies: 8
Views: 2382

Re: Social Security to resume benefits statement mailings

Perhaps they were getting too many rejections when people tried to sign up for the online accounts, due to errors in their credit reports or not knowing what was listed in their credit reports. I admit I don't know who was servicing my mortgage in 2006 nor what the payment amount was. Fortunately, I...
by rkhusky
Mon Apr 21, 2014 8:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security to resume benefits statement mailings
Replies: 8
Views: 1385

Re: POLL: If Eligible For Social Security .....

The system is set up so the average person gets the same if you take the cash at 62 or 70. You need to decide if you (or your spouse) is going to live longer than what is expected. I agree this seems to be the way many people look at the question, but it is unfortunate. Plotting cash flows and brea...
by rkhusky
Sun Apr 20, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: SS Strategy Metric

If both spouses live for a long time and a few other factors, you can receive more from SS by both delaying until 70. Well, that is certainly a no-brainer. That is akin to saying when the roulette wheel lands on red, always bet on red. But in the case of a higher earning spouse that is 8 years olde...
by rkhusky
Sun Apr 20, 2014 7:55 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3100

Re: SS Strategy Metric

While my wife/me don't expect to live until age 100, we planned our retirement as if we would. Part of that plan also included claiming our respective SS benefits at age 70. The simple fact is we don't worry about getting our SS tax/contribution back. Money is for the living, not the dead and I'm s...
by rkhusky
Sat Apr 19, 2014 8:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3100

Re: POLL: If Eligible For Social Security .....

Curious how the spousal collecting works - meaning collecting spousal then start collecting your own? Does the spouse have to be deceased? No. The spouse can just be divorced. I plan to claim (relatively modest) divorced spouse benefits from age 66 (FRA) to age 70.... The spouse does not need to be...
by rkhusky
Sat Apr 19, 2014 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3113

Re: SS Strategy Metric

I intend to look at a range of time periods (death at 75 - 100 years) and a variety of investment return rates (1% - 8%) to see if I can eliminate some of the 11 strategies as never being optimal (and also see if there are any other strategies that may be better). I've made the first stab at this a...
by rkhusky
Sat Apr 19, 2014 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3100

Re: POLL: why carry cash?

I pay with cash for small purchases with a human cashier. Always credit card at machines - pay at the pump, self-service grocery & Home Depot, etc. Always cash at fast food. Always credit card at sit-down restaurants.
by rkhusky
Sat Apr 19, 2014 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 220
Views: 7032

Re: Let's say we live for 150 years...

If people are living until 150, they will probably need to work until they are 100+.
by rkhusky
Sat Apr 19, 2014 8:41 am
 
Forum: Investing - Theory, News & General
Topic: Let's say we live for 150 years...
Replies: 20
Views: 3366

Re: Tried to get credit report - security questions don't ma

In order to create a Social Security online account, you have to answer security questions pulled from one of the credit bureaus. If you answer wrong twice you are locked out until you go to a SS office. Make sure you have a recent report in front of you before trying online.
by rkhusky
Fri Apr 18, 2014 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tried to get credit report - security questions don't match
Replies: 53
Views: 6093

Re: SS Strategy Metric

Exactly... We all plan here to live to 100 and conservatively take a withdrawal rate to make our money last. Social Security should be no different. The ones that take it early, basically need it now to survive, or they just don't understand retirement planning. Or are in poor health. Or have a fam...
by rkhusky
Fri Apr 18, 2014 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3100

Re: "At Vanguard my voice is my password"

Can you call from any phone number? Indeed you can, I have found it most useful especially when I am overseas and need to do something that would otherwise require paperwork or medallion. Once you enter your SS# it "knows" that you are voice password enrolled and goes on to asking you to ...
by rkhusky
Thu Apr 17, 2014 7:38 pm
 
Forum: Personal Consumer Issues
Topic: "At Vanguard my voice is my password"
Replies: 24
Views: 2268

Re: Toaster Ovens

We're still using a Black & Decker I had in college 25 years ago. I had to disconnect the switch that turned it off when the door opened a few years ago, but it still works great. But it is the only one we've ever had, so I can't compare to anything else. Never had a toaster.
by rkhusky
Thu Apr 17, 2014 7:20 pm
 
Forum: Personal Consumer Issues
Topic: Toaster Ovens
Replies: 15
Views: 983

Re: The dangers of backtesting and overfitting data - paper

Over-fitting is a common problem that is routinely solved by something called "Cross Validation". I have never seen it used by financial types which is a shame since it is such a universal technique. Maybe somebody like Rodc can also comment on cross-validation? Is this really true? I wou...
by rkhusky
Thu Apr 17, 2014 7:12 pm
 
Forum: Investing - Theory, News & General
Topic: The dangers of backtesting and overfitting data - paper
Replies: 31
Views: 1735

Re: The dangers of backtesting and overfitting data - paper

For situations where data is limited, a standard technique is to divide your data into three sets. You train on one set, test on another, adjust parameters, repeat until the error on the test set is a minimum. Finally, you test on the third set and report the results without adjusting parameters fur...
by rkhusky
Thu Apr 17, 2014 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: The dangers of backtesting and overfitting data - paper
Replies: 31
Views: 1735

Re: "At Vanguard my voice is my password"

Can you call from any phone number?
by rkhusky
Thu Apr 17, 2014 9:37 am
 
Forum: Personal Consumer Issues
Topic: "At Vanguard my voice is my password"
Replies: 24
Views: 2268

Re: Keep passwords in USB thumb drive: good idea?

Here's an idea- Use keypass/lastpass to store the majority of your password, but leave something extra for you to complete each time. I don't see the value of that other than keeping a casual person from using your password that is stored in plain text. Most crackers would try different variations ...
by rkhusky
Thu Apr 17, 2014 9:24 am
 
Forum: Personal Consumer Issues
Topic: Keep passwords in USB thumb drive: good idea?
Replies: 43
Views: 2020

Re: Keep passwords in USB thumb drive: good idea?

If you have a Mac, you can just create an encrypted Disk Image and store your text or spreadsheet file there. You can also save the disk image on a thumb drive as a backup or for portability. I would also use a completely different password than your login password. The nice thing about an encrypted...
by rkhusky
Thu Apr 17, 2014 9:14 am
 
Forum: Personal Consumer Issues
Topic: Keep passwords in USB thumb drive: good idea?
Replies: 43
Views: 2020

Re: SS Strategy Metric

The metric I use is final net worth. Maximizing SS benefits is useless if you go broke waiting to start receiving them. To evaluate a SS claiming strategy, I first project total worth as a function of age. I expect it to decrease between now and the age I start collecting SS benefits. I look first ...
by rkhusky
Thu Apr 17, 2014 7:37 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3100

Re: SS Strategy Metric

springnr wrote:At 70 for me, unless the market is unkind.
Around $200K is the most I will lag behind by waiting verses taking SS early.
The higher SS benefit will be nicer later in life, and if I check out early.... I won't care about the $200K so much


Does the $200K include investment return?
by rkhusky
Thu Apr 17, 2014 7:34 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3100

Re: Let's compare 2013 effective tax rates

I think including federal income, state income, SS, medicare, local income, and school district income makes the most sense if you want to see what percentage of your gross income goes to income based taxes. Distinguishing between SS income based taxes, Medicare income based taxes, and federal inco...
by rkhusky
Wed Apr 16, 2014 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2149

Re: Let's compare 2013 effective tax rates

I thought "effective tax rate" was income tax, in the sense of federal, state, and local income tax, and nothing else, not even other income-based taxes like Social Security and Medicare, or Friendly Neighborhood Enforcement Protection Money, or Whatever. The outcome would be cleaner if i...
by rkhusky
Wed Apr 16, 2014 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2149

Re: SS Strategy Metric

Also, does/did anyone factor in that by delaying SS one could convert more tax-deferred savings to a Roth at lower rates?
by rkhusky
Wed Apr 16, 2014 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3100

Re: SS Strategy Metric

Some initial calculations show that one would have to live a very long time to recoup the cost of waiting, if the rate of return is above a certain level. But perhaps if the rate of return is high enough, one does not need SS as much.
by rkhusky
Wed Apr 16, 2014 1:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3100

SS Strategy Metric

What metric do/did you use to determine which Social Security strategy to choose? Total amount received over a particular period? Total return by factoring in a particular rate of return? Factor in inflation? I now have a spreadsheet that looks at 11 taking strategies for my wife and me. I have incl...
by rkhusky
Wed Apr 16, 2014 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3100

Re: Options used to fund ROTH after retirement?

http://www.irs.gov/publications/p590/ch01.html#en_US_2013_publink1000230355 Here is the IRS definition for "What is compensation" It's found in T-IRA info, but Roth IRA info links to it. Partial quote: The IRS treats as compensation any amount properly shown in box 1 (Wages, tips, other c...
by rkhusky
Wed Apr 16, 2014 8:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Options used to fund ROTH after retirement?
Replies: 11
Views: 547

Re: Child's Roth

Here is an article on the subject: http://fairmark.com/retirement/roth-accounts/contributions-to-roth-accounts/roth-iras-for-minors/ “Intrafamily transfers of this type can be properly viewed as excludable by a higher authority than the language of [the Internal Revenue Code] — a supposition, so obv...
by rkhusky
Tue Apr 15, 2014 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Child's Roth
Replies: 27
Views: 1403

Re: Stocks: How Bad It Can Get

It would be interesting to see a histogram of peak to trough declines since the depression.
by rkhusky
Tue Apr 15, 2014 10:35 am
 
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 5368

Re: Tax deductions from charities

Do the free admissions you receive for being a member count as income?

Edit: The document above indicates "no".
by rkhusky
Fri Apr 11, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax deductions from charities
Replies: 31
Views: 1658

Re: How to short?

Didn't you just author a post entitled "Worth $1.6m but clueless on investments" and now you want to try shorting stocks?

Edit: Perhaps shorting is not investing?
by rkhusky
Fri Apr 11, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to short?
Replies: 14
Views: 1144

Re: Tax audit poll

jebmke wrote: What you don't want to avoid is having to scramble around when you get their letter just to assemble the docs.


I think I would rather avoid that. :)
by rkhusky
Fri Apr 11, 2014 8:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax audit poll
Replies: 19
Views: 984

Re: How to encrypt files for backup?

Encrypted disk images (Disk Utility) on a Mac with a different password than your login password. Not sure if you can access the files on Windows though.
by rkhusky
Thu Apr 10, 2014 7:39 am
 
Forum: Personal Consumer Issues
Topic: How to encrypt files for backup?
Replies: 22
Views: 1224

Re: Tax deductions from charities

If you are already able to itemize deductions without that gift (that is, itemized deductions are more than your standard deduction), then you will be able to deduct 100% of the gift. If your itemized deductions would be less than the standard deduction without that gift, then you will benefit from...
by rkhusky
Wed Apr 09, 2014 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax deductions from charities
Replies: 31
Views: 1658

Re: Should VG's Tax-Exempt funds be adjusted for % in your s

My state return has a spot for including other income, such as from tax exempt bonds that are not from my state. I subtract off the portion of Vanguard's returns that are from my state.
by rkhusky
Tue Apr 08, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should VG's Tax-Exempt funds be adjusted for % in your state
Replies: 4
Views: 224

Re: How is social security calculated?

sunnyday wrote:So say someone makes $50k for 20 years and has zeros for the rest.


$50K in real dollars (i.e. indexed for inflation).
by rkhusky
Tue Apr 08, 2014 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: How is social security calculated?
Replies: 21
Views: 1212

Re: How is social security calculated?

Or login and get your report with estimated benefits:

http://www.ssa.gov/myaccount/
by rkhusky
Tue Apr 08, 2014 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: How is social security calculated?
Replies: 21
Views: 1212

Re: If trading is a losing game, how do you explain prop fir

EMH is folklore and true only in the limit of equilibrium (well, almost by definition true then). To you, who are slow and ungainly to see and act, the market appears in equilibrium all the time (except under extreme circumstances). To others who see and work with more detail, events happen constan...
by rkhusky
Tue Apr 08, 2014 2:55 pm
 
Forum: Investing - Theory, News & General
Topic: If trading is a losing game, how do you explain prop firms?
Replies: 38
Views: 2946
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