Search found 3005 matches

by ObliviousInvestor
Wed May 04, 2016 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 468
Views: 43706

Re: Changes to Social Security

I hope this format of question makes it more understandable :) Married couple. Male to be 66 in March of 2017. Healthy at this time. Life expectancy is about 80-85. Expected SS benefit at age 70 is X, based on work history, retired at age 64. Female to be 66 July of 2018. Healthy at this time. Life...
by ObliviousInvestor
Fri Apr 29, 2016 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can one switch from receiving own SS benefit to spousal?
Replies: 7
Views: 731

Re: Can one switch from receiving own SS benefit to spousal?

For reference, if Spouse A has a primary insurance amount that is at least 50% of Spouse B's primary insurance amount, Spouse A cannot receive a spousal benefit on Spouse B's work record once Spouse A has started retirement benefits. If Spouse A is at least 50% of Spouse B, A would not benefit even...
by ObliviousInvestor
Fri Apr 29, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can one switch from receiving own SS benefit to spousal?
Replies: 7
Views: 731

Re: Can one switch from receiving own SS benefit to spousal?

For reference, if Spouse A has a primary insurance amount that is at least 50% of Spouse B's primary insurance amount, Spouse A cannot receive a spousal benefit on Spouse B's work record once Spouse A has started retirement benefits.
by ObliviousInvestor
Thu Apr 28, 2016 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted Application Filing, Social Security
Replies: 8
Views: 508

Re: Restricted Application Filing, Social Security

my wife is 60 and I turn 66 this July. In April this year (2016), I applied to start receiving Soc Sec benefits in July, my FRA. Are there any options available to me, other than just collecting my own benefits? One option would be as follows: a) Withdraw your application, b) Your wife files for he...
by ObliviousInvestor
Wed Apr 27, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Restricted Application Filing, Social Security
Replies: 8
Views: 508

Re: Restricted Application Filing, Social Security

Howdy, thanks for the quick input.....however, if I had filed and suspended, would she have been able to apply for spousal benefits? Yes. However, you would not have been able to receive spousal benefits on her work record in that case. Edited to add: That doesn't necessarily make it a bad idea tho...
by ObliviousInvestor
Wed Apr 27, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Restricted Application Filing, Social Security
Replies: 8
Views: 508

Re: Restricted Application Filing, Social Security

She can't start receiving a benefit based on your work record until you have filed for your own retirement benefit.
by ObliviousInvestor
Tue Apr 26, 2016 10:36 am
Forum: Investing - Theory, News & General
Topic: Social Security loopholes closed
Replies: 19
Views: 2528

Re: Social Security loopholes closed

I would not call them loopholes. They merely changed the law to generate less payments to retirees. If I remember correctly something that I read a few months ago, the ability to claim spousal benefits while deferring one's own to let it grow was actually an unintended consequence of changes in the...
by ObliviousInvestor
Mon Apr 25, 2016 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I File and Suspend Before 4/30/16? [Social Security]
Replies: 0
Views: 198

Should I File and Suspend Before 4/30/16? [Social Security]

I posted this to my blog, but I've still been getting a fair number of emails from Bogleheads about this topic, so I'm posting it here as well. If you have any questions and don't mind posting them publicly, please do so below, as it's likely that other people have the same question. First, let’s m...
by ObliviousInvestor
Sun Apr 24, 2016 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: SS question before new changes after 4/29/16
Replies: 4
Views: 526

Re: SS question before new changes after 4/29/16

If you have both already decided to wait until 70 to start collecting your own retirement benefits, the next goal is to then figure out how to get the most in "free" spousal benefits prior to age 70. Your husband won't be able to file and suspend prior to the deadline, which means that the...
by ObliviousInvestor
Sun Apr 24, 2016 12:41 am
Forum: Investing - Theory, News & General
Topic: Early Retirement and Social Security Benefits Reduction
Replies: 29
Views: 3413

Re: Early Retirement and Social Security Benefits Reduction

Benefit @ 62 21,672.00 Benefit @ 70 38,160.00 By taking SS at 62, a return of 5.35% or more will give me more money at 95. Assumptions are saving all SS benefits until age 70 (total balance $220,823) and COLA of 1.5%. SS assumes that you will be working to your "take" date so the calculat...
by ObliviousInvestor
Sat Apr 23, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need feedback on our strategy for maximizing Social Security
Replies: 15
Views: 1051

Re: Maximize Mine

Anyway,here's the results from Maximize My Social Security:" : ( Kotlikoff) : 1 At my full retirement age, age 66, I file for retirement benefits. (The year will be 2019) 2. In the same month and year (2019) my husband turns 67 and files for spousal benefits (I will be getting full retirement ...
by ObliviousInvestor
Thu Apr 21, 2016 9:07 am
Forum: Investing - Theory, News & General
Topic: Delay Social Security to age 70 and Spend more money at 62
Replies: 162
Views: 20002

Re: Delay Social Security to age 70 and Spend more money at 62

Ok, so I have to tell on myself. I'm actually just 44, and my wife is 42, but I'm hopelessly interested in anything finance or investing, and was just curious how my eventual situation would work under the new rule. My PIA would be roughly 3x hers, so when she reached 62 (and I was 64), I understan...
by ObliviousInvestor
Thu Apr 21, 2016 8:50 am
Forum: Investing - Theory, News & General
Topic: Delay Social Security to age 70 and Spend more money at 62
Replies: 162
Views: 20002

Re: Delay Social Security to age 70 and Spend more money at 62

Quick question: So I'm married, and I've made considerably more than my spouse (easily more than 2x what she has made). Would the OP advice also still apply to me? The reason I ask is because my understanding with the recent changes on SS, is that my spouse cannot collect on my income unless I also...
by ObliviousInvestor
Thu Apr 21, 2016 8:30 am
Forum: Investing - Help with Personal Investments
Topic: When to start Social Security. A different take
Replies: 103
Views: 8205

Re: When to start Social Security. A different take

Oddly enough, I assumed that the SS actuaries set the early vs late payout to be roughly equal, i.e., people can't game the system. When running the numbers based on average life expectancy at birth, as I did, the numbers for early vs late withdrawal come out almost the same, as one would expect. W...
by ObliviousInvestor
Tue Apr 19, 2016 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 468
Views: 43706

Re: Changes to Social Security

I will be qualified to file a restricted application for spousal benefits at 66 under the new law. However, when I reach 66 my wife will be 64. She wants to continue to work until 65 to avoid 1 year of insurance payments prior to medicare. Since she will still be working even if she files she will ...
by ObliviousInvestor
Mon Apr 18, 2016 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Uncommon Social Security Scenario
Replies: 3
Views: 842

Re: Uncommon Social Security Scenario

I was asked by a Boglehead via PM to reply to this thread. So, I'm just confirming here that Penguin is correct. Deemed filing doesn't apply to widow(er)'s benefits -- even prior to FRA. So you can file now for just widow(er)'s benefits, then eventually file for your own retirement benefit at age 70...
by ObliviousInvestor
Mon Apr 18, 2016 11:38 am
Forum: Personal Finance (Not Investing)
Topic: New SS Rules
Replies: 3
Views: 504

Re: New SS Rules

srf wrote:I started collecting on my late husband's SS when I was at my full retirement age, even though mine would've been higher. My plan was to collect on his while mine grew, then switch over to mine at 70. Do the new rules stop me from doing that?

Nope. Your plan still works.
by ObliviousInvestor
Tue Apr 12, 2016 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security [restricted app for spousal benefits]
Replies: 6
Views: 484

Social Security restricted application, birthday on first of month

My intent is to file restricted application for spousal benefits when I turn 66 (FRA). My wife is 62 and already receiving her own benefits. The detail is that my birthday is on December 1. I would like to file the application in Sept/October to receive spousal benefits when I am 66. How does the f...
by ObliviousInvestor
Mon Apr 11, 2016 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 468
Views: 43706

Re: Changes to Social Security

Oblivious: Do the changes impact my Mother's case, which is discussed below? We're hoping to beginning accepting Widow's benefits for my deceased father at her FRA, and she will continue to work until 70 delaying her OWN benefit, as she has very little retirement savings. https://www.bogleheads.org...
by ObliviousInvestor
Fri Apr 08, 2016 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Getting the SSA to recalculate your benefit for ARF
Replies: 2
Views: 385

Re: Getting the SSA to recalculate your benefit for ARF

Thank you for posting this! It will be helpful to be able to direct other people toward your post when they have similar questions.
by ObliviousInvestor
Mon Apr 04, 2016 10:15 am
Forum: Personal Finance (Not Investing)
Topic: File and suspend by April 30th?
Replies: 7
Views: 736

Re: File and suspend by April 30th?

Thanks for your comments OI. I did understand about the PIA, but appreciate it. I didn't add that it is a bit more complicated since we have had the maximum HSA. If I file and suspend now, SSA requires that I take Medicare Part A retroactively back to six months. Also, I should have said my wife is...
by ObliviousInvestor
Sun Apr 03, 2016 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Self-proprietorship impact on SS
Replies: 8
Views: 467

Re: Self-proprietorship impact on SS

I am making an educated guess about this. I looked at the SSA website a bit and based on that information and my experience as a child-in-care spouse, I do wonder if your survivor's benefit will be reduced at all for working. Where did you get the information that your benefit will be reduced for w...
by ObliviousInvestor
Sun Apr 03, 2016 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Self-proprietorship impact on SS
Replies: 8
Views: 467

Re: Self-proprietorship impact on SS

The earnings test does not look at joint earnings but rather individual earnings. That is, your husband's earnings don't count toward you having excess earnings. With regard to estimating your (federal) taxes, TaxCaster does a pretty decent job at getting a quick estimate: https://turbotax.intuit.co...
by ObliviousInvestor
Sun Apr 03, 2016 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Self-proprietorship impact on SS
Replies: 8
Views: 467

Re: Self-proprietorship impact on SS

My condolences on your loss. So, let's say I earn about $20k. I would be about 5K over the earnings limit so I would lose about $2,500 of nontaxable SS child care benefits. However, on my earnings I would not only pay federal and state taxes but would also pay the entire amount of SS tax (self-propr...
by ObliviousInvestor
Sun Apr 03, 2016 10:44 am
Forum: Personal Finance (Not Investing)
Topic: SS - withdraw or ARF? [Reduction Factor Adjustment]
Replies: 8
Views: 620

Re: SS - withdraw or ARF?

I applied in December and estimated my 2016 income at $18,000. However, even after limiting my business it now looks like I will far exceed the $15,720 this year. For purposes of my question, let's assume I now estimate my 2016 income to be high enough that I would receive nothing in 2016 due to wi...
by ObliviousInvestor
Sat Apr 02, 2016 9:19 am
Forum: Personal Finance (Not Investing)
Topic: File and suspend by April 30th?
Replies: 7
Views: 736

Re: File and suspend by April 30th?

If you are at least 4 years older than your spouse, the SSA employee is correct. If you are 3.x years older than your spouse, then you would want to file and suspend prior to the deadline so that your spouse can file a restricted application ASAP at full retirement age. Also, you may want to file an...
by ObliviousInvestor
Thu Mar 31, 2016 6:32 pm
Forum: Personal Consumer Issues
Topic: do you do airbnb ??
Replies: 64
Views: 4193

Re: do you do airbnb ??

We use airbnb or vrbo for most of our travel (including in Kona Hawaii). We have not had any problems with it. We do make a point of only using places that have several reviews, all of them positive.
by ObliviousInvestor
Wed Mar 30, 2016 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 468
Views: 43706

Re: Changes to Social Security

I'm still a little confused by deeming. I am 64 and eligible for survivor's benefits from my deceased ex. That benefit is currently a couple hundred $ more than mine is now and at FRA, but mine would be higher by the time I'm 70. My concern is how to make sure I am not 'deemed' as applying for my o...
by ObliviousInvestor
Mon Mar 28, 2016 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: SS File & Suspend for Spouse Turning 66 when I turn 70
Replies: 1
Views: 237

Re: SS File & Suspend for Spouse Turning 66 when I turn 70

If your wife plans to file a restricted application (i.e., an application for spousal-only) it is important that she not file and suspend. ( This article discusses this more thoroughly.) Because you will have started your own retirement benefit by the time your wife reaches her FRA, there is no need...
by ObliviousInvestor
Mon Mar 14, 2016 9:50 am
Forum: Investing - Theory, News & General
Topic: Life Expectancy Percentiles
Replies: 14
Views: 1421

Re: Life Expectancy Percentiles

In the SSA.gov page linked to above, if you follow the "life tables" link you'll find the following definitions, which are helpful to keep in mind when looking at life expectancy data or discussion. A period life table is based on, or represents, the mortality experience of an entire popul...
by ObliviousInvestor
Thu Mar 10, 2016 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security trap-did I miss a warning sign?
Replies: 1
Views: 742

Re: Social Security trap-did I miss a warning sign?

So, questions to the social security gurus: --of course this seems like a gotcha. Are there explicit warnings out there to exercise caution before doing a "file and suspend" at FRA vs just doing nothing? Warnings from the SSA itself? I would doubt anything of that nature exists, as the SS...
by ObliviousInvestor
Thu Mar 10, 2016 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Divorced friend getting spousal, can she still do file and suspend?
Replies: 2
Views: 568

Re: Divorced friend getting spousal, can she still do file and suspend?

Hi Eric. Once she files for her own retirement benefit, she'll be "entitled" to it. As a result, if her PIA is at least 50% of her ex-spouse's PIA, her spousal benefit will be turned off per paragraph (d) here . If her PIA is less than 50% of her spouse's PIA, filing and suspending will ca...
by ObliviousInvestor
Tue Mar 08, 2016 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for person with false "Alcoholic" diagnosis
Replies: 100
Views: 8066

Re: Life Insurance for person with false "Alcoholic" diagnosis

I find it interesting that insurance companies will issue policies to smokers - albeit at higher rates - but not to people who from time to time drink more than they should. Smoking 2 packs a day your entire life isn't good for your health either. Maybe they think a heavy drinker is more likely to ...
by ObliviousInvestor
Tue Mar 08, 2016 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Planning For Married Couples With A Disabled Spouse
Replies: 8
Views: 828

Re: Social Security Planning For Married Couples With A Disabled Spouse

sscritic has provided a different reading (which I now believe is correct). Here's the relevant quote again from the CFR (though the POMS section I linked to above also works with this reading). § 404.317. How is the amount of my disability benefit calculated? Your monthly benefit is equal to the pr...
by ObliviousInvestor
Tue Mar 08, 2016 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Planning For Married Couples With A Disabled Spouse
Replies: 8
Views: 828

Re: Social Security Planning For Married Couples With A Disabled Spouse

Mike, thank you very much for your references to the applicable CFR and POMS. I certainly agree they seem to fully support what you have said. However, my position that the FRA is actually used is the only thing that makes sense in my situation. My current SS monthly payment is $2,529, 2011 was 232...
by ObliviousInvestor
Tue Mar 08, 2016 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Planning For Married Couples With A Disabled Spouse
Replies: 8
Views: 828

Re: Social Security Planning For Married Couples With A Disabled Spouse

Upon rereading the relevant CFR and POMS sections, I see I made a mistake in my first reply above. The calculation of the disability benefit is done as if it were a retirement benefit and as if the person is age 62 at the beginning of the waiting period. However the end result is, from that point fo...
by ObliviousInvestor
Mon Mar 07, 2016 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Planning For Married Couples With A Disabled Spouse
Replies: 8
Views: 828

Re: Social Security Planning For Married Couples With A Disabled Spouse

Regarding the calculation of a disability benefit as if it were an age-62 retirement benefit, the relevant CFR reference is here: https://www.ssa.gov/OP_Home/cfr20/404/404-0317.htm Unfortunately I cannot speak to operation of the ANYPIA calculator, as it doesn't work with Mac OS. But it makes sense ...
by ObliviousInvestor
Mon Mar 07, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Widower Social Security
Replies: 4
Views: 324

Re: Widower Social Security

Thanks Mike, I was afraid of that. Even though file and suspend is going away, I guess this brings up another reason not to file for benefits if the spouse is in poor health. In my brother's case his wife's spousal benefits were so much larger than her own benefit that they might have come out ahea...
by ObliviousInvestor
Mon Mar 07, 2016 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Widower Social Security
Replies: 4
Views: 324

Re: Widower Social Security

I'm sorry for your loss. Unfortunately, your brother will not be able to receive a widower's benefit. The requirements for eligibility for widow(er) benefits can be found here . The one that gets in the way in this case is from paragraph (d), which states, "You are not entitled to an old-age be...
by ObliviousInvestor
Mon Mar 07, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Planning For Married Couples With A Disabled Spouse
Replies: 8
Views: 828

Re: Social Security Planning For Married Couples With A Disabled Spouse

Edit: This post is not entirely accurate. See below for explanation. I believe the SSA finding of disability results in a calculation by the SSA of the PIA as if the disabled individual were at FRA at the time of disability with a mandatory five month delay (But with likely a much shorter work histo...
by ObliviousInvestor
Sun Mar 06, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security-math and longevity
Replies: 19
Views: 1353

Re: Social Security-math and longevity

Quick question of clarification: When you say "66.2" are you referring to 66 and 2 months (e.g., because that's your full retirement age)? If we assume: 1) No difference in work history between the "claim at 62" and "claim at FRA" strategies, and 2) Early-received benef...
by ObliviousInvestor
Fri Mar 04, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Social Security questions for file and suspend
Replies: 7
Views: 744

Re: Social Security questions for file and suspend

http://www.govexec.com/pay-benefits/retirement-planning/2016/02/new-rules-social-security-game/126217/ Sounds like this is changing, am i reading it right? didn't read the thread very well, sounds like his is different situation then a file and suspend... This article is a bit of a mess, as it uses...
by ObliviousInvestor
Thu Mar 03, 2016 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security questions for file and suspend
Replies: 7
Views: 744

Re: Social Security questions for file and suspend

If he chooses to withdraw his application, does he need to come up with the money to repay benefits all in one lump sum, or do they allow payment options? It appears that all the benefits received have to be repaid prior to the withdrawal request being approved. In other words, all benefits would h...
by ObliviousInvestor
Thu Mar 03, 2016 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security questions for file and suspend
Replies: 7
Views: 744

Re: Social Security questions for file and suspend

My father turned 62 last summer (2015) and filed for social security benefits. He is now returning to part time work and would like to suspend his benefits. Is there a way for him to suspend his benefits without having to repay the benefits he has received so far? He cannot suspend benefits until r...
by ObliviousInvestor
Thu Mar 03, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Delay - Need to Work?
Replies: 20
Views: 1444

Re: Social Security Delay - Need to Work?

Spirit Rider: But if I stop working at 62 and have already had my highest earning 35 years (e.g. at 62 and beyond I would actually be making less than I did in my 40's and 50's) - then, setting COLA aside, the numbers for 67 and 70 would not be reduced correct? Just making sure I understand this co...
by ObliviousInvestor
Thu Mar 03, 2016 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Delay - Need to Work?
Replies: 20
Views: 1444

Re: Social Security Delay - Need to Work?

Spirit Rider: But if I stop working at 62 and have already had my highest earning 35 years (e.g. at 62 and beyond I would actually be making less than I did in my 40's and 50's) - then, setting COLA aside, the numbers for 67 and 70 would not be reduced correct? Just making sure I understand this co...
by ObliviousInvestor
Thu Mar 03, 2016 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Delay - Need to Work?
Replies: 20
Views: 1444

Re: Social Security Delay - Need to Work?

None of the those replying are confused. You need to read the replies from ObliviousInvestor. Especially, this part. Aside from the COLA, there are two, unrelated things that can cause a benefit to go up: 1) Delaying 2) Additional earnings. Sometimes those things can occur at the same time (e.g., i...
by ObliviousInvestor
Thu Mar 03, 2016 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Delay - Need to Work?
Replies: 20
Views: 1444

Re: Social Security Delay - Need to Work?

SS takes your inflation adjusted 35 best years. This is true -- and a very important point about Social Security in general. If the average of your best inflation adjusted 35 years are higher than your current income; you may actually receive more than SS is predicting. If it is less than you will ...
by ObliviousInvestor
Thu Mar 03, 2016 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Delay - Need to Work?
Replies: 20
Views: 1444

Re: Social Security Delay - Need to Work?

I think you guys are confused. The statement says: "If I retire at age 62, I receive $1,522 a month. If I continue to work until age 67, I receive $2,335 a month". My question is: "If I retire at 62 and NOT work anymore, how much will I receive a month if I claim at age 67?" $2,...
by ObliviousInvestor
Thu Mar 03, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Delay - Need to Work?
Replies: 20
Views: 1444

Re: Social Security Delay - Need to Work?

If I retire at age 62, there is no increase in benefit to delay the claim, assuming no inflation. There is some benefit increase from age 67 to 70. This is not correct. Aside from the COLA, there are two, unrelated things that can cause a benefit to go up: 1) Delaying 2) Additional earnings. Someti...

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