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Re: Strategic Default

In states such as California, HOA dues or assessments are considered personal debts of the homeowner associated with them. Your HOA might lose its lien on your home because of your foreclosure but you might still owe a personal debt to the HOA. It's not unusual for homeowners associations to file l...
by sscritic
Fri Aug 15, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3255

Re: Social Security benefits for surviving spouse

If my mom and dad earned the same amount through their careers, would there be any widow benefit received? Since the difference of the two benefits would be zero. Yes, if she started early as herself and waited on the widow. If they both have PIAs of $2400 (and he never started - I made the same as...
by sscritic
Thu Aug 14, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Social Security benefits for surviving spouse

OK, those numbers make more sense. We didn't understand that the $800 was just dad's part (which is the real widow's benefit). So let's say the PIA's were Hers = $1600 His = $2400 Her RIB starting at 62 = $1200 Her widow benefit starting 42 months early = 0.83375 (2400) = 2001 The excess widow benef...
by sscritic
Thu Aug 14, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Social Security benefits for surviving spouse

I agree that Penguin's workaround works if she wants to have the option of letting her own record benefit grow until she is 70. But I am talking about a different workaround. What about a workaround that would allow her to collect *on her own record only* until age 66 (FRA), when she collects her m...
by sscritic
Thu Aug 14, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Social Security benefits for surviving spouse

But there might be some kind of workaround, which is why I think she should get expert advice. If bogleheads aren't experts, why do people ask questions here? Because we are all know-nothings? Penguin gave her the workaround in the second non-OP response: withdraw her application for her own benefi...
by sscritic
Thu Aug 14, 2014 12:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Social Security benefits for surviving spouse

Did she ask for the PIAs? The numbers don't seem right. The reduction for starting as a widow 42 months early is 0.285 (the maximum reduction) times 42/72 <-- (months from age 60 to her FRA of 66) or 16.625%. If the full widow benefit is $858, then (1 - 0.16625) 858 = $715. Plus, if he made as much ...
by sscritic
Thu Aug 14, 2014 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Social Security benefits for surviving spouse

Larry Kotlikoff gives a good exposition of the options here. Notice that he makes very clear that it is definitely possible to collect either benefit ALONE early while leaving the other benefit untouched to grow (something that would not be possible for a 62-year-old spouse whose husband is still a...
by sscritic
Wed Aug 13, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Social Security benefits for surviving spouse

sscritic, dual entitlement applies to spouses of the living. surviving spouses' benefits are not a dual entitlement. They are an either/or entitlement. The OP's mother is not entitled to any "spousal benefits." She is entitled to "surviving spouse" benefits, which are under a co...
by sscritic
Wed Aug 13, 2014 5:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Social Security benefits for surviving spouse

I don't believe this is true, sscritic. This is the way spousal benefits work but not survivor benefits. For example, I am a widow and can claim widow's benefits ONLY from age 60 onwards (or age 50 if disabled) and not touch my work record benefits at all, let them grow until I am age 70. In her ca...
by sscritic
Wed Aug 13, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Vanguard:"Social Security: How to decide when it's time.

I was having trouble finding the correct reference in the CFR. This doesn't discuss the timing, but does discuss how to count months. § 404.412. After my benefits are reduced for age when and how will adjustments to that reduction be made? (a) When may adjustment be necessary? The following months a...
by sscritic
Wed Aug 13, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5966

Re: Social Security benefits for surviving spouse

Would there ever be a time where she would receive her own benefits and widow benefits? As far as I know this is not possible. Technically, she will always get her own benefit. Say her benefit is $1000. Say the widow's benefit is $2400. What she will get is $1000 + $1400 = $2400. That may look like...
by sscritic
Wed Aug 13, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Social Security benefits for surviving spouse

I think she shouldn't make any final decisions tomorrow. What she should do is find out his Primary Insurance Amount (PIA) and her own PIA. Her benefit as herself is her PIA multiplied by some number. Today, it is one number, but if she withdraws her application and waits until 70 to re-apply, it wi...
by sscritic
Wed Aug 13, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Social Security benefits for surviving spouse

Does she need the money? She can keep her own benefit now and switch to his at her Full Retirement Age (66 if born in 1952). If she takes the widow's benefit before then, it will be reduced permanently.
by sscritic
Wed Aug 13, 2014 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1678

Re: Estate Tax- Non resident- Advice Requested

Another good thing when you invest through Ireland-domiciled ETFs is that dividends end up being taxed around 15% instead of 30%. I'm not sure why but it's good :-) Ireland US tax treaty, Article 10, Dividends 2. However, such dividends may also be taxed in the Contracting State of which the compan...
by sscritic
Wed Aug 13, 2014 8:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Estate Tax- Non resident- Advice Requested
Replies: 19
Views: 1495

Re: Real world mechanics of a "backdoor" Roth

As mhalley says, you make a contribution to a traditional IRA. Whether that contribution is deductible is another matter. IRA deductions go on line 32 of your 1040 32 IRA deduction The 1040 Instructions for line 32 start with If you made contributions to a traditional IRA for 2013, you may be able t...
by sscritic
Wed Aug 13, 2014 7:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Real world mechanics of a "backdoor" Roth
Replies: 11
Views: 1349

Re: Vanguard: "Social Security: How to decide when it's time

Sorry to be dim, but what is a scenerio where it'd be helpful ? Let's say I "file and suspend" at FRA (66yo for me). If, sometime between then and age 70, I decide I'd like to start receiving benefits, I can imagine two things. A, I start getting benefits at that time, at the same level a...
by sscritic
Wed Aug 13, 2014 12:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5966

Re: CPI table

Have you looked at databases, hot picks? Here is 2013 and the first half of 2014. It's easy to copy and paste. 2013 230.280 232.166 232.773 232.531 232.945 233.504 233.596 233.877 234.149 233.546 233.069 233.049 232.957 232.366 233.548 2014 233.916 234.781 236.293 237.072 237.900 238.343 236.384 The...
by sscritic
Wed Aug 13, 2014 12:08 am
 
Forum: Personal Finance (Not Investing)
Topic: CPI table
Replies: 25
Views: 1365

Re: Vanguard: "Social Security: How to decide when it's time

No I wasn't confusing those two terms...I intend to file a restricted application at FRA next year, but now I think it's logically impossible to do that and also file and suspend my own old age pension. What I'm still confused about is whether I can get 1/2 of my husband's SS amount as a spouse eve...
by sscritic
Tue Aug 12, 2014 11:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5966

Re: CPI table

I still don't get why you need an update for 1913 every month. The numbers really shouldn't be changing. Have the 1913 numbers changed once since the 1982-84 resetting? If you already have the 101 years from 1913 to 2013, why do you need a repeat every month? I keep track of the CPI-W for the social...
by sscritic
Tue Aug 12, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPI table
Replies: 25
Views: 1365

Re: CPI table

The other nice thing about databases, top picks is that they have the 1967 = 100 series, which is used by one of my pensions in protecting me against loss of purchasing power. Most of the time, you only see 1982-84 = 100.
by sscritic
Tue Aug 12, 2014 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPI table
Replies: 25
Views: 1365

Re: CPI table

PDF's are a pain. They are even making them so you can't copy and paste into the compose box. However, for this particular question, I still like databases, top picks. Here are the first six months of this year, and it pastes perfectly, here and in a spreadsheet. 233.916 234.781 236.293 237.072 237....
by sscritic
Tue Aug 12, 2014 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPI table
Replies: 25
Views: 1365

Re: CPI table

I went to tables. I clicked on CPI Detailed Report (tables 1-29) June 2014 (PDF). I scrolled to Table 24. The first page shows every month from 1913 to 1969. The next page shows the annual numbers for the same years. The next page shows every month from 1970 to June 2014. The next page shows annual ...
by sscritic
Tue Aug 12, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPI table
Replies: 25
Views: 1365

Re: Fed Taxes on Sale of Rental/Primary Residence

Read pub 523. http://www.irs.gov/pub/irs-pdf/p523.pdf This might be similar to your situation: Example 2. William owned and used a house as his main home from 2007 through 2010. On January 1, 2011, he moved to another state. He rented his house from that date until April 30, 2013, when he sold it. D...
by sscritic
Tue Aug 12, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fed Taxes on Sale of Rental/Primary Residence
Replies: 12
Views: 893

Re: CPI table

nisiprius wrote:Is this what you want?

http://www.bls.gov/cpi/cpifiles/cpiai.txt

Probably, except it stopped in January (it is dated 02-20-2014 after the January numbers were released).
by sscritic
Tue Aug 12, 2014 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPI table
Replies: 25
Views: 1365

Re: CPI table

You can always get the last few years worth: Go to databases, top picks
http://www.bls.gov/cpi/#data
by sscritic
Tue Aug 12, 2014 7:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPI table
Replies: 25
Views: 1365

Re: CPI table

Table Containing History of CPI-U U.S. All Items Indexes and Annual Percent Changes From 1913 to Present is now available in the CPI Detailed Report as Table 24 You have to ignore all the other tables. Since you are updating your own table, do your really need the data from 1913? Wouldn't the curre...
by sscritic
Tue Aug 12, 2014 7:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPI table
Replies: 25
Views: 1365

Re: Social Security Question: Understanding WEP and GPO

Start here: https://secure.ssa.gov/apps10/poms.nsf/lnx/0300605360 It is true that if you don't have a pension, then you don't have a pension to take. That is what taking all the money out of your plan before you are eligible for a pension means. It is not a trick; once the money is gone, there is no...
by sscritic
Tue Aug 12, 2014 4:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Question: Understanding WEP and GPO
Replies: 6
Views: 546

Re: MAGI for Medicare Rates

Download SSA-44. Read it carefully. See if it applies to you. http://www.socialsecurity.gov/forms/ssa-44.pdf Note the gone down, not gone up. If you had a major life-changing event and your income has gone down , you may use this form to request a reduction in your income-related monthly adjustment ...
by sscritic
Tue Aug 12, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1861

Re: Help!! Can some one explain tax loss harvesting

hello my name is Camptalcott (camp for short) and I'm a slow learner...... :oops: Ok they say that admitting you have a problem is the first step to getting help. :D So I'm reading my boglehead guide to retirement and I'm going through some of the videos at the "new to investing" thread s...
by sscritic
Tue Aug 12, 2014 2:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help!! Can some one explain tax loss harvesting
Replies: 16
Views: 1084

Re: Social Security Question: Understanding WEP and GPO

My questions are: 1) By about how much will the WEP provision reduce my social security benefit? 2) After my wife and I both retire (and are alive), would my receiving a pension have any effect on her social security benefit? 3) If I pass away before my wife, she will get my full pension. Will gett...
by sscritic
Tue Aug 12, 2014 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Question: Understanding WEP and GPO
Replies: 6
Views: 546

Re: Vanguard: "Social Security: How to decide when it's time

Can you file and suspend your own old-age benefit at FRA *and* file for spousal benefit? No, not unless your own benefit is very low. Also, your spouse has to have filed for an old age benefit. When you file and otherwise qualify for a benefit, you are entitled to it. Even if you choose not to coll...
by sscritic
Tue Aug 12, 2014 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5966

Re: MAGI for Medicare Rates

See form SSA-44. I received payout of accrued sick leave and vacation upon retirement which was about 6 months of pay. I retired at the end of 2010 so this really pushed me over the MAGI limit. Since this was clearly a 1-time event they agreed to reset my Medicare B rate for the next year. I think ...
by sscritic
Tue Aug 12, 2014 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1861

Re: Setting signature not working ?

When posting , below the "Save draft", "Preview" and "Submit" buttons is an "Options" tab that includes a checkbox for "Attach a signature (signatures can be altered via the UCP)" that can be used to change whether your signature is included or not....
by sscritic
Tue Aug 12, 2014 11:29 am
 
Forum: Forum Issues and Administration
Topic: Setting signature not working ?
Replies: 24
Views: 862

Re: Setting signature not working ?

When posting, below the "Save draft", "Preview" and "Submit" buttons is an "Options" tab that includes a checkbox for "Attach a signature (signatures can be altered via the UCP)" that can be used to change whether your signature is included or not. ...
by sscritic
Tue Aug 12, 2014 11:22 am
 
Forum: Forum Issues and Administration
Topic: Setting signature not working ?
Replies: 24
Views: 862

Re: Vanguard: "Social Security: How to decide when it's time

But IF one did file and suspend (married or single), then one can go all the way back to FRA to collect ALL benefits from that date. Only if you file and suspend at FRA. If you file and suspend at 68, you can't go all the way back to FRA to collect ALL benefits from that date. I know that in the po...
by sscritic
Tue Aug 12, 2014 11:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5966

Re: Vanguard: "Social Security: How to decide when it's time

RM is correct. If you suspend (filing being a prerequisite - you can't suspend what you don't have), you must be FRA. If you later decide that you don't want to be in suspension, you can take yourself off suspension. The date that your suspension will be lifted can be in the past, the present, or th...
by sscritic
Tue Aug 12, 2014 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5966

Re: MAGI for Medicare Rates

Actually, I would like to expand on Judge Hand by paraphrasing him: “Any one may so arrange his affairs that his costs shall be as low as possible" where costs can include both insurance premiums and taxes. My auto insurance company offers me a discount if I take a senior drivers safety course....
by sscritic
Tue Aug 12, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1861

Re: Auto insurance question

I would ask a different question of my agent. I assume the cost of the umbrella goes up when the coverage underneath goes down, so I would want to know total costs of auto plus umbrella two ways: high auto coverage (implying cheaper umbrella but more expensive auto) low auto coverage (implying more ...
by sscritic
Tue Aug 12, 2014 12:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Auto insurance question
Replies: 4
Views: 557

Re: MAGI for Medicare Rates

I think the MAGI limits start at 214,000 and go up again at 320,000 and then 428,000. Exceeding these limits increase the Medicare payments for the following year. It is a 2 year look back. One can petition to have it changed if there has been a significant change in your income, for example, you r...
by sscritic
Tue Aug 12, 2014 12:17 am
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1861

Re: Setting signature not working ?

P.P.S. That's it for now. Today is another granddaughter's birthday day at Disneyland.
by sscritic
Mon Aug 11, 2014 11:09 am
 
Forum: Forum Issues and Administration
Topic: Setting signature not working ?
Replies: 24
Views: 862

Re: Setting signature not working ?

My point: Saving a signature is not the same as posting a signature. The two are separate settings. You can set your default posting to include your signature, just as you can set your default to disable smilies. One doesn't just go into the control panel, edit signature section, type in signature ...
by sscritic
Mon Aug 11, 2014 11:08 am
 
Forum: Forum Issues and Administration
Topic: Setting signature not working ?
Replies: 24
Views: 862

Re: Setting signature not working ?

My point: Saving a signature is not the same as posting a signature. The two are separate settings. You can set your default posting to include your signature, just as you can set your default to disable smilies.
by sscritic
Mon Aug 11, 2014 10:53 am
 
Forum: Forum Issues and Administration
Topic: Setting signature not working ?
Replies: 24
Views: 862

Re: Setting signature not working ?

Open another window. Start a reply in this one. Set the signature in the other. Record your steps in this one. After setting the signature in the other, make sure that attach a signature is checked below in this window. [Actually, do that first. :) ]

If all is good, post in this window.
by sscritic
Mon Aug 11, 2014 10:47 am
 
Forum: Forum Issues and Administration
Topic: Setting signature not working ?
Replies: 24
Views: 862

Re: How do you address your inlaws and being addressed?

No first names when speaking up a generation. My parents were Mom and Dad to me. My wife's parents were Mama and Papa to her. When we got married, no one changed their names. Mom, Dad, Mama, and Papa were the only names we used.[...] This is so exactly like we do (of course, the words we use are di...
by sscritic
Mon Aug 11, 2014 10:41 am
 
Forum: Personal Consumer Issues
Topic: How do you address your inlaws and being addressed?
Replies: 84
Views: 4769

Re: Changing queen size to king size

If you don't care about the side rails or a bit of kludgery, consider this plan: Disassemble bed Attach headboard to wall behind bed Attach king-width 2x4 across width of headboard Lay down standard metal king bed frame (cheap) Attach head of frame to 2x4 Attach another 2x4 to foot of frame Attach ...
by sscritic
Mon Aug 11, 2014 10:10 am
 
Forum: Personal Consumer Issues
Topic: Changing queen size to king size
Replies: 9
Views: 1230

Re: is the S&P actively managed?

Here is a better one; you tell me the fund. **Derived by applying the fund’s target asset allocation to the results of the following benchmarks: for international stocks of developed markets, the MSCI EAFE Index through December 15, 2010, the MSCI ACWI ex USA IMI Index through June 2, 2013, and the ...
by sscritic
Mon Aug 11, 2014 9:54 am
 
Forum: Investing - Theory, News & General
Topic: is the S&P actively managed?
Replies: 10
Views: 1303

Re: is the S&P actively managed?

The SEC allows you to make up your own and change it at will:
Wellington Composite Index** (Benchmark)

**65% S&P 500 Index and 35% Lehman U.S. Long Credit AA or Better Bond Index through February 29, 2000; 65% S&P 500 Index and 35% Barclays U.S. Credit A or Better Bond Index thereafter.
by sscritic
Mon Aug 11, 2014 9:52 am
 
Forum: Investing - Theory, News & General
Topic: is the S&P actively managed?
Replies: 10
Views: 1303

Re: Wills, Spouses, Prenups, etc.

ResearchMed wrote:And does husband have any retirement accounts of the sort where spouse muse be given at least 50%?

If you have a 50% right to a 401(k) that gets rolled over to an IRA, your rights drop to zero.
by sscritic
Mon Aug 11, 2014 9:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Wills, Spouses, Prenups, etc.
Replies: 67
Views: 3813

Re: Convince me I can make a dumb (car-related) purchase

I am curious: why did you think there was a question? The math seems pretty simple. You said you wanted to be talked down, so here goes: don't buy a new car, get a motorcycle. Feel better now? :) P.S. The last time I bought a new car, I didn't ask anyone's permission, certainly not this crowd. Hey, ...
by sscritic
Mon Aug 11, 2014 8:48 am
 
Forum: Personal Consumer Issues
Topic: Convince me I can make a dumb (car-related) purchase
Replies: 56
Views: 4367
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