Search found 3152 matches

by ObliviousInvestor
Wed Apr 19, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Collect While Working?
Replies: 13
Views: 1221

Re: Social Security - Collect While Working?

Can you confirm (or not) that the earnings limit changed the year of FRA before your birthday? It has been a while since I checked. Yes, the threshold for the earnings test is different in the year in which you reach FRA. Also: 1) It is only earnings prior to your birthday in that year that count t...
by ObliviousInvestor
Wed Apr 19, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Collect While Working?
Replies: 13
Views: 1221

Re: Social Security - Collect While Working?

Effective as of reaching FRA, your benefit is adjusted to account for any months in which the earnings test resulted in no benefit or a reduced benefit. For example if a person claims 48 months prior to FRA, but their earnings are high enough that the earnings test results in their benefit being red...
by ObliviousInvestor
Fri Apr 14, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: Delaying SS (or not) and the tax torpedo
Replies: 41
Views: 4400

Re: Delaying SS (or not) and the tax torpedo

1. The common assumption on break-even calculations is that the time value of money is zero. But we know this isn't true. If we assume stock-like returns on the money retained in a portfolio, the break-even age increases substantially (see Social Security Made Simple by Mike Piper, CPA, Chapter 13)...
by ObliviousInvestor
Sun Apr 09, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security MFB for Couple w High/Low Earnings
Replies: 4
Views: 535

Re: Social Security MFB for Couple w High/Low Earnings

I had not been following this thread, but sscritic shares the following information: Some posters have indicated that you use the number holder’s benefit in the computation, but you always use the PIA, not the benefit for the NH. This works if the NH starts before FRA or after. If a reduction of mon...
by ObliviousInvestor
Sun Apr 09, 2017 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Impact on SSDI for disabled child and delay in parents SS
Replies: 13
Views: 904

Re: Impact on SSDI for disabled child and delay in parents SS

Social Security spousal benefits have nothing to do with disabilities. I'm sorry to be so blunt, but this is not true. The presence of an adult disabled child does affect spousal benefits. Please see paragraph (c) here or again paragraph (b) in the CFR section above. https://www.ssa.gov/OP_Home/cfr...
by ObliviousInvestor
Sat Apr 08, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Impact on SSDI for disabled child and delay in parents SS
Replies: 13
Views: 904

Re: Impact on SSDI for disabled child and delay in parents SS

I have read that delay in collecting SS does increase the spousal benefit. You delaying your own retirement benefit has no effect on the amount of your wife's benefit as your spouse. (It does, however, increase the amount she could get as your widow, should that become applicable.) But if your spou...
by ObliviousInvestor
Fri Apr 07, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Impact on SSDI for disabled child and delay in parents SS
Replies: 13
Views: 904

Re: Impact on SSDI for disabled child and delay in parents SS

Disabled son's SSDI benefits are not impacted if I delay start of SS. They are fixed , and he cannot collect SSDI until I start to collect... Correct. I have read that delay in collecting SS does increase the spousal benefit. You delaying your own retirement benefit has no effect on the amount of y...
by ObliviousInvestor
Thu Apr 06, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Impact on SSDI for disabled child and delay in parents SS
Replies: 13
Views: 904

Re: Impact on SSDI for disabled child and delay in parents SS

I am 60 and have a disabled son who was injured many years ago. He is currently on SSI and I just learned that he can collect SSDI based on my earnings. He meets all the requirements (disability started prior to age 22). My old plan was to delay collecting SS until my full retirement age of 66 1/2....
by ObliviousInvestor
Tue Mar 28, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Spousal Social Security Benefits and Deemed Filing
Replies: 6
Views: 734

Re: Spousal Social Security Benefits and Deemed Filing

Blueskies123 wrote:I would have thought she has to be 63, not 62.

https://www.ssa.gov/planners/retire/retirechart.html

Regardless of a person's FRA, they can file as early as 62 for retirement or spousal benefits (provided the requirements other than age are met).
by ObliviousInvestor
Tue Mar 28, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Spousal Social Security Benefits and Deemed Filing
Replies: 6
Views: 734

Re: Spousal Social Security Benefits and Deemed Filing

Double checking for a family member who wants file for her own social security benefits at age 62 this year, and then switch to spousal social security benefits at age 65.67 in 2021 when her husband files for his own social security benefits. Their understanding is that even though she files for he...
by ObliviousInvestor
Sat Mar 18, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: DALBAR report methodological flaws - Prof. Pfau
Replies: 29
Views: 2477

Re: DALBAR report methodological flaws - Prof. Pfau

Is this really news to people? I thought we've known this for years haven't we? In a rising market "investor returns" will trail "investment returns" and vice versa. Yes, this is news. If the math is done correctly and if we consider a scenario in which the investment in questio...
by ObliviousInvestor
Sat Mar 18, 2017 12:08 am
Forum: Investing - Theory, News & General
Topic: DALBAR report methodological flaws - Prof. Pfau
Replies: 29
Views: 2477

Re: DALBAR report methodological flaws - Prof. Pfau

Is this really news to people? I thought we've known this for years haven't we? In a rising market "investor returns" will trail "investment returns" and vice versa. Yes, this is news. If the math is done correctly and if we consider a scenario in which the investment in questio...
by ObliviousInvestor
Sat Feb 25, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security reps keep disputing advice given in this forum
Replies: 26
Views: 4832

Re: Social Security reps keep disputing advice given in this forum

I have a friend who has been reading this thread and is coming up with a different understanding than I am. My friend is understanding this all to mean that if he meets all the requirements, and does the filing in the correct order, that he will be able to collect BOTH his full retirement benefit A...
by ObliviousInvestor
Sat Feb 25, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Social Security reps keep disputing advice given in this forum
Replies: 26
Views: 4832

Re: Social Security reps keep disputing advice given in this forum

You were born in 1953. Your husband was born in 1952. As a result, you were both at least age 62 as of 1/1/2016, so the new rules regarding deemed filing do not apply to you. 1) You file for retirement benefits at some point. 2) After #1 and after your husband reaches his FRA, he files a restricted ...
by ObliviousInvestor
Thu Jan 19, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 16
Views: 1562

Re: "Unsuspending" Social Security Benefits

The key point here is whether or not the person has filed. If you haven't filed for benefits by 70, they don't start automatically. Conversely, if you did file -- but you have suspended your benefits -- they will unsuspend automatically at 70. Regarding automatic retroactive filing: For a person fi...
by ObliviousInvestor
Fri Jan 13, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 16
Views: 1562

Re: "Unsuspending" Social Security Benefits

The key point here is whether or not the person has filed. If you haven't filed for benefits by 70, they don't start automatically. Conversely, if you did file -- but you have suspended your benefits -- they will unsuspend automatically at 70. Regarding automatic retroactive filing: For a person fil...
by ObliviousInvestor
Tue Jan 10, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Widow Benefits
Replies: 11
Views: 1120

Re: Social Security Widow Benefits

hushpuppy wrote: However, due to the age given for MIL, I believe the Survivor’s FRA is 66 years and 2 months 2017-60 = 57 year of birth. Mr. Piper would you mind commenting on the difference between FRA & Survivor’s FRA. I believe it is relevant in OP's case. Survivors Planner: Social Security...
by ObliviousInvestor
Tue Jan 10, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Widow Benefits
Replies: 11
Views: 1120

Re: Social Security Widow Benefits

Ok, thank you all very much for the help. Social Security is a new topic for me (still a few decades off from filing). To make sure I understand, since her spouse earned significantly more than her and will almost certainly receive more in SS benefits, it makes sense for her to file early for her b...
by ObliviousInvestor
Tue Jan 10, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Widow Benefits
Replies: 11
Views: 1120

Re: Social Security Widow Benefits

Can you please tell me if this is possible: My mother in law files for her social security at the earliest age (60?) and received the minimum benefit available to her and then switches to her survivor benefit at the latest possible age (70?) to receive the maximum benefit. My understanding is that ...
by ObliviousInvestor
Tue Jan 10, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Widow Benefits
Replies: 11
Views: 1120

Re: Social Security Widow Benefits

One does not get a bump up unless this refers to applying on a different record. What I did: compare what I (the widow) will receive at age 66 if I apply for survivor's benefits vs. what i would get by delaying my own benefits to age 70. If the first amount is bigger, apply for my own benefits at t...
by ObliviousInvestor
Mon Jan 09, 2017 11:35 pm
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 118
Views: 19685

Re: Sad News About a Respected Forum Member

Thank you for your sharing your time and knowledge with this community, Ole Meph. I have learned much from you.

And thank you, too, for letting us know, rather than leaving us guessing.

I wish you peace.
by ObliviousInvestor
Wed Dec 28, 2016 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Another Social Security question
Replies: 9
Views: 1220

Re: Another Social Security question

Contributions to a SEP for a sole proprietor do not reduce the earnings considered for earnings test, as they do not reduce net earnings from self-employment (for these purposes). They show up on line 28 of Form 1040 rather than on Schedule C.
by ObliviousInvestor
Mon Nov 07, 2016 6:35 pm
Forum: Investing - Theory, News & General
Topic: "When Does it Make Sense to Buy a Home Rather than Rent?"
Replies: 27
Views: 2446

Re: "When Does it Make Sense to Buy a Home Rather than Rent?"

Thank you for sharing the article, Taylor.

And, yes, as various Bogleheads have noted, I used the word "home" with the intention of including various types of residences.
by ObliviousInvestor
Tue Oct 18, 2016 11:53 am
Forum: Personal Finance (Not Investing)
Topic: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]
Replies: 34
Views: 3407

Re: SS COLA for 2017 will be 0.4%

I thought the wage base increases were tied to the same inflation factors as the benefits. Not true. The wage base is tied to the national average wage index, whereas the inflation factors for benefits is tied to the Consumer Price Index, CPI-W. The former index tracks changes in wages, while the l...
by ObliviousInvestor
Tue Oct 18, 2016 11:14 am
Forum: Personal Finance (Not Investing)
Topic: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]
Replies: 34
Views: 3407

Re: SS COLA for 2017 will be 0.3%

The SSA reports the CPI-W figures as: July: 234.771 August: 234.904 September: 235.495 https://www.ssa.gov/oact/STATS/cpiw.html That does give me the average that they are reporting (235.057). It's also consistent with what I'm seeing here in Table 6. http://www.bls.gov/cpi/cpid1609.pdf Probably the...
by ObliviousInvestor
Thu Oct 13, 2016 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Large IRA withdrawal and SS
Replies: 27
Views: 2763

Re: Large IRA withdrawal and SS

As celia said, that reduction is given back after her FRA of 66. I should look into the formula for these returned benefits. Effective as of FRA, her benefit would be recalculated to adjust for months in which she received no benefit or reduced benefits. For example, if a person claims 48 months pr...
by ObliviousInvestor
Wed Oct 12, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Large IRA withdrawal and SS
Replies: 27
Views: 2763

Re: Large IRA withdrawal and SS

AdamP wrote:I should ask: do 401k/tIRA contributions affect amount used to test against the $15,720 earned income limit?

No.
by ObliviousInvestor
Wed Oct 12, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Large IRA withdrawal and SS
Replies: 27
Views: 2763

Re: Large IRA withdrawal and SS

pshonore is correct. 401(k) contributions -- as well as deductible traditional IRA contributions -- reduce the income figure that is used to calculate how much of your Social Security is taxable. https://www.ssa.gov/planners/taxes.html The relevant income figure is: 1) AGI (excluding SS benefits), p...
by ObliviousInvestor
Thu Oct 06, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Combined family Maximum Social Security
Replies: 7
Views: 1699

Re: Combined family Maximum Social Security

sscritic also shares the following reference via email: https://secure.ssa.gov/apps10/poms.nsf/lnx/0300615772 If you look at example 1, you can see that Don's and Wilma's maximums can be combined for a combined family maximum, even though they're still married. (The example also discusses the fact t...
by ObliviousInvestor
Thu Oct 06, 2016 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Combined family Maximum Social Security
Replies: 7
Views: 1699

Re: Combined family Maximum Social Security

Thank you for the information. I made an appointment at the Social Security office and he told me the child(ren) would not receive more than they were currently receiving on their father's record but for a different reason. He said it was because the combined maximum didn't apply when the parents w...
by ObliviousInvestor
Wed Sep 28, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Reason NOT to wait past 66 to take Social Security
Replies: 48
Views: 5956

Re: Reason NOT to wait past 66 to take Social Security

Even for people whose goal is to maximize the expected amount left to heirs, delaying until 70 is still typically the best choice, given today's interest rates and life expectancies. 1. If the goal is simply to maximize the expected value of the legacy, then instead of using available assets to del...
by ObliviousInvestor
Wed Sep 28, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Combined family Maximum Social Security
Replies: 7
Views: 1699

Re: Combined family Maximum Social Security

The Social Security representative did not mention anything about the Combined Family Maximum. I just stumbled upon this in further reading and now am trying to determine if this is relevant in my case. To start with, there are a few general rules to know: 1) When a parent is entitled to retirement...
by ObliviousInvestor
Wed Sep 28, 2016 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Reason NOT to wait past 66 to take Social Security
Replies: 48
Views: 5956

Re: Reason NOT to wait past 66 to take Social Security

There seems to be an implicit assumption in some of the posts in this thread that the typical advice to delay until 70 does not account for a bequest motive. That's not true. Most analyses of then when-to-claim question seek to maximize the NPV of lifetime benefits. That is, they seek to maximize th...
by ObliviousInvestor
Mon Sep 19, 2016 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Parent in financial mess. General and SS timing advice
Replies: 72
Views: 8976

Re: Parent in financial mess. General and SS timing advice

even for the individual with no reason to think they are different from average, there is reason to prefer claiming at some ages over other ages. That is, the NPV differs meaningfully from one claiming age to another. How does that work? If I'm an average 60 year old man, not planning on working wh...
by ObliviousInvestor
Sat Sep 17, 2016 12:36 am
Forum: Personal Finance (Not Investing)
Topic: SS FRA start date with 1st of month birthday
Replies: 6
Views: 983

Re: SS FRA start date with 1st of month birthday

Social Security will use Oct 31, not Nov. 1, as her official date of birth. sscritic points out via email that this isn't exactly correct. They consider a person's actual birthday to be their birthday. They do consider that you "attain" an age on the day before your birthday -- which is o...
by ObliviousInvestor
Fri Sep 16, 2016 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Parent in financial mess. General and SS timing advice
Replies: 72
Views: 8976

Re: Parent in financial mess. General and SS timing advice

Also, it's a complete myth that Social Security is actuarially neutral. Ummm...aren't you one that's promoted that idea? http://www.obliviousinvestor.com/social-securitys-actuarial-neutrality/ The whole point of the article is that, even if Social Security is actuarially neutral at the program-wide...
by ObliviousInvestor
Fri Sep 16, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Parent in financial mess. General and SS timing advice
Replies: 72
Views: 8976

Re: Parent in financial mess. General and SS timing advice

Just checking on a relevant point: You said in the original post (May 2014) that she "just" turned 60. How "just" was it? Specifically, was she 62 as of 1/1/2016, or was she still 61? She was 61 on January 1st of this year. Darn. That rules out what would otherwise be a pretty a...
by ObliviousInvestor
Fri Sep 16, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Parent in financial mess. General and SS timing advice
Replies: 72
Views: 8976

Re: Parent in financial mess. General and SS timing advice

Also, it's a complete myth that Social Security is actuarially neutral. Ummm...aren't you one that's promoted that idea? http://www.obliviousinvestor.com/social-securitys-actuarial-neutrality/ The whole point of the article is that, even if Social Security is actuarially neutral at the program-wide...
by ObliviousInvestor
Thu Sep 15, 2016 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Parent in financial mess. General and SS timing advice
Replies: 72
Views: 8976

Re: Parent in financial mess. General and SS timing advice

Just checking on a relevant point: You said in the original post (May 2014) that she "just" turned 60. How "just" was it? Specifically, was she 62 as of 1/1/2016, or was she still 61? Also, it's a complete myth that Social Security is actuarially neutral. With regard to the earni...
by ObliviousInvestor
Thu Sep 15, 2016 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: SS FRA start date with 1st of month birthday
Replies: 6
Views: 983

Re: SS FRA start date with 1st of month birthday

Social Security will use Oct 31, not Nov. 1, as her official date of birth. sscritic points out via email that this isn't exactly correct. They consider a person's actual birthday to be their birthday. They do consider that you "attain" an age on the day before your birthday -- which is o...
by ObliviousInvestor
Wed Sep 14, 2016 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 11
Views: 1590

Re: Social Security Question

And if I don't claim because I died after delaying beyond my own FRA? Her benefit at her FRA will be what mine would have been on the day I died? That's the way I'm starting to understand it so please correct me if I'm wrong. Assuming you make it past your FRA and assuming that her retirement benef...
by ObliviousInvestor
Wed Sep 14, 2016 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 11
Views: 1590

Re: Social Security Question

3.) When she reaches Full Retirement age she can start receiving MY Full Retirement Benefit, no matter how long I delayed or not delayed in receiving them as long as she lives. That is our current plan, BTW. I'm 67 but plan on deferring to age 70 for the maximum amount with the understanding that m...
by ObliviousInvestor
Tue Sep 13, 2016 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 11
Views: 1590

Re: Social Security Question

3.) When she reaches Full Retirement age she can start receiving MY Full Retirement Benefit, no matter how long I delayed or not delayed in receiving them as long as she lives. That is our current plan, BTW. I'm 67 but plan on deferring to age 70 for the maximum amount with the understanding that m...
by ObliviousInvestor
Tue Sep 13, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 11
Views: 1590

Re: Social Security Question

As long as you wait until your FRA to file for widow(er) benefits, you would receive the amount that he was receiving. Having filed for your own retirement benefit early will not affect that. Edited to add: It's also worth noting here that FRA for widow(er) benefits isn't necessarily the same as for...
by ObliviousInvestor
Mon Sep 12, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]
Replies: 40
Views: 5193

Re: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]

Before he stopped posting in August 2014, I often benefited from sscritic 's encyclopedic knowledge of the Social Security system and usually enjoyed his ascerbic style -- except when it was directed at me!. But it is a little creepy to think of him lurking out there in the ether communicating only...
by ObliviousInvestor
Mon Sep 12, 2016 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]
Replies: 40
Views: 5193

Re: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]

Again, the following comes from sscritic: I see what #Cruncher missed: the two year offset between the nawi and the other series. He stopped at 2014 because it takes two years to get the data (not quite - all tax returns for a year are needed). The 2014 nawi determined the 2016 bend points. The rela...
by ObliviousInvestor
Sun Sep 11, 2016 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [iii]: Spouses [USA]
Replies: 13
Views: 1426

Re: Social Security [iii]: Spouses [USA]

Thank you very much for your replies. Very helpful. Only one follow up question: 2. if so, How do HER SPOUSAL benefit and HER RETIREMENT benefit change if I die first? When you die, according to the SSA, she is no longer your wife. She is your widow. So her spousal benefit would go away (if she was...
by ObliviousInvestor
Sun Sep 11, 2016 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]
Replies: 40
Views: 5193

Re: Social Security, Max SS Earnings, Bend Points, How Many More Years? [USA]

I interpret these series as follows: ⋅ CPI-W has grown slightly less than CPI-U. ⋅ NAWI, used to index prior year earnings, has grown faster than the CPI. This has the effect of increasing benefits. ⋅ The bend points have grown more than NAWI. This has the effect of in...
by ObliviousInvestor
Sun Sep 11, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [iii]: Spouses [USA]
Replies: 13
Views: 1426

Re: Social Security [iii]: Spouses [USA]

Replying as requested... First a little background : Husband (me): age 46 in 2016. Will retire in 2016 at age 56. Will claim SS income benefit at age 70 Wife : age 38 in 2016 (unsure when she will claim her own SS income benefit) Questions: 1. will my spouse get both her own SS retirement benefit (f...
by ObliviousInvestor
Fri Sep 09, 2016 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]
Replies: 40
Views: 5193

Re: Social Security, Max SS Earnings, Bend Points, How Many More Years? [USA]

sscritic notes that because earnings after age 60 are not indexed downward to age-60 dollars (as they would have to be in order to match the treatment of earnings that occurred prior to age 60), a year of maximum earnings after age 60 counts for more than a year of maximum earnings prior to age 60 (...

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