Search found 452 matches

by One Ping
Mon Sep 17, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 107
Views: 7469

Re: Delaying Social Security Until 70

Our plan is wife claims her smaller benefit at FRA. That way her eventual spousal benefit will not be reduced. I'll claim at 70. Unfortunately we missed the restricted filing options, otherwise our strategy might have been different (and better). Is it permissible for a spouse to claim their own be...
by One Ping
Mon Sep 17, 2018 11:46 am
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2161

Re: UNCHANGING OPINIONS

In the real world, we know that the "information" we receive is not perfectly reliable, and we do Bayesian inference on it when it conflicts with what we already believe. We also weigh our opinions against the personal consequences of being right or wrong. This isn't necessarily improper or irratio...
by One Ping
Mon Sep 17, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 107
Views: 7469

Re: Delaying Social Security Until 70

I am not sure how you arrived at a SS benifit of $43,524/yr @ 70 but perhaps check the source to make sure your calcs are correct. Seems doable for a relatively high lifetime earner. $43,524/yr @ 70 requires an age 66 FRA PIA of about $2,748 (2747.73 * 1.32 * 12 = 43524.04). Current maximum PIA per...
by One Ping
Fri Sep 07, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: SS survivor benefits - only 30 days out of the country?
Replies: 6
Views: 994

Re: SS survivor benefits - only 30 days out of the country?

Is there some subtlety at play here between ... "If you are a U.S. citizen, you may continue to receive payments outside the United States as long as you are eligible for payment and you are in a country where we can send payments ." [page 2 of link from rterickson] and direct depositing to your US ...
by One Ping
Fri Sep 07, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4913

Re: Time to look at SS [When should I take Social Security?]

One fact should be kept in mind regarding the recommendation for the OP from Opensocialsecurity---that, having been born in 1953, he is eligible for a spousal benefit under a restricted application. The program recommmends that he should do that--might be different if he was born after 1953 when th...
by One Ping
Wed Sep 05, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: My Understanding of IRS Safe Harbor Rules ...
Replies: 25
Views: 1955

Re: My Understanding of IRS Safe Harbor Rules ...

kaneohe wrote:
Wed Sep 05, 2018 12:59 pm
I'd better quit before you catch up :happy
Hey, no problem. We all help keep each other honest. :sharebeer
by One Ping
Wed Sep 05, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: My Understanding of IRS Safe Harbor Rules ...
Replies: 25
Views: 1955

Re: My Understanding of IRS Safe Harbor Rules ...

.......................................... To answer your questions: 2017 & 2018 Filing Status: MFJ 2017 AGI: $160,000 My reading is that the 110% still applies and the form 2210 entries shown above are still correct, right? As an aside, in reading the instructions, while I see a separate distincti...
by One Ping
Wed Sep 05, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4913

Re: Time to look at SS

I'm 66 next year. I do not need the money but I'm thinking it's time to take SS. I'll get 1500 if wait 2000 a month 70. Wife is 62 will get 2500 at 70. Should I take my SS. and if she dies I would get her 2500 at 70? I'm moving $40000 a year to Roth. I could put more in Roth If used SS to live off ...
by One Ping
Wed Sep 05, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: My Understanding of IRS Safe Harbor Rules ...
Replies: 25
Views: 1955

Re: My Understanding of IRS Safe Harbor Rules ...

For the case in the OP, the line numbers in Part 1 pf the referenced form 2210 are: Line 1 $33,000 (2018 tax owed) Line 2 $0 (other taxes) Line 3 $0 (refundable credits) Line 4 $33,000 (sum of lines 1 through 3) Line 5 $29,700 (90% of line 4) Line 6 $21,000 (tax withheld, excludes estimated tax pay...
by One Ping
Tue Sep 04, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: My Understanding of IRS Safe Harbor Rules ...
Replies: 25
Views: 1955

Re: My Understanding of IRS Safe Harbor Rules ...

Also, I wouldn't cut it too close. I might do $22,000 just to be safe. You also, need to read the Form 1040 Instructions. It is not just Line 63. There are some less common adjustments that you don't want to bite you. The safety margin is in the estimated AGI, but your point is noted. Also, don't h...
by One Ping
Tue Sep 04, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4913

Re: Time to look at SS

I'm 66 next year. I do not need the money but I'm thinking it's time to take SS. I'll get 1500 if wait 2000 a month 70. Wife is 62 will get 2500 at 70. Should I take my SS. and if she dies I would get her 2500 at 70? I'm moving $40000 a year to Roth. I could put more in Roth If used SS to live off ...
by One Ping
Tue Sep 04, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: My Understanding of IRS Safe Harbor Rules ...
Replies: 25
Views: 1955

Re: My Understanding of IRS Safe Harbor Rules ...

walkindude wrote:
Tue Sep 04, 2018 2:35 pm
I believe it's AGI over $150K that's the determinant, not taxable income. Regardless, you should be alright in your example.
You are right. OP modified to reflect AGI instead of taxable income. Thanks.
by One Ping
Tue Sep 04, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: My Understanding of IRS Safe Harbor Rules ...
Replies: 25
Views: 1955

My Understanding of IRS Safe Harbor Rules ...

... is you will owe no federal income tax penalty if: You owe less than $1000, or You've paid in at least 90% of your 2018 tax, or Your adjusted gross income is <$150,000 and you've paid in at least 100% of your 2017 tax, or Your adjusted gross income is >$150,000 and you've paid in at least 110% of...
by One Ping
Sun Sep 02, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate SS PIA for Spouse who died relatively young?
Replies: 13
Views: 1450

Re: How to calculate SS PIA for Spouse who died relatively young?

sscritic notes via email that the actual Act is more clearly worded with respect to this distinction. https://www.ssa.gov/OP_Home/ssact/title02/0215.htm#act-215-b (b)(2)(B)(iii) the term “number of elapsed years” means (except as otherwise provided by section 104(j)(2) of the Social Security Amendm...
by One Ping
Sat Sep 01, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate SS PIA for Spouse who died relatively young?
Replies: 13
Views: 1450

Re: How to calculate SS PIA for Spouse who died relatively young?

Would anyone / Has anyone - considered using the $40 calculator (https://maximizemysocialsecurity.com/) to resolve questions as presented in this thread ? Am just curious in case there is even anecdotal evidence of its' performance. Susa, I appreciate there are tools out there that will calculate t...
by One Ping
Sat Sep 01, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate SS PIA for Spouse who died relatively young?
Replies: 13
Views: 1450

Re: How to calculate SS PIA for Spouse who died relatively young?

Here is the relevant data and my interpretation of the process. Elapsed years: 28 years [based on § 404.211 (e)(1)] Benefit computation years: 23 years [based on § 404.211 (e)(2)] I keep getting 1984-2010, 27 years, and 22 years here. We count the years beginning with 1951, or (if later) the year y...
by One Ping
Fri Aug 31, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia. [as a US investor]
Replies: 63
Views: 5442

Re: Enough. How do I invest in Australia.

LadyGeek wrote:
Fri Aug 31, 2018 7:13 pm
A 5% loss is much closer to requiring a 5% gain to get even.
Right you are LadyGeek. 5.26% gain required to get back to even after a 5% loss.
by One Ping
Fri Aug 31, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1742

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

I have found the IRS charitable organization search page to be very easy to use: https://www.irs.gov/charities-non-profits/tax-exempt-organization-search The link you provided refers to all TE organizations. Not all 501(c)(3)s are eligible to receive QCDs even though they might be eligible for Sche...
by One Ping
Fri Aug 31, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate SS PIA for Spouse who died relatively young?
Replies: 13
Views: 1450

Re: How to calculate SS PIA for Spouse who died relatively young?

So if your brother in law was born in 1962, he turned 22 in 1984. He died in 2011, which means the elapsed years is 27. We subtract 5 from the elapsed years in this case. So his AIME will be calculated using his best 22 years of earnings. And paragraph (d) of 404.211 tells us about indexing. It's h...
by One Ping
Thu Aug 30, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate SS PIA for Spouse who died relatively young?
Replies: 13
Views: 1450

Re: How to calculate SS PIA for Spouse who died relatively young?

Thanks, Mike.

You and FiveK have given me a lot to look at. I'll wade through it and see what I can figure out. Thanks, again. :beer
by One Ping
Thu Aug 30, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate SS PIA for Spouse who died relatively young?
Replies: 13
Views: 1450

Re: How to calculate SS PIA for Spouse who died relatively young?

Hmm ... maybe. Thanks, FiveK. I'll have to take a look at it in detail to see. It's pretty dense.

The question still remains I think, is there only one year of eligibility to use for both indexing and bending or can/are they different in this case.
by One Ping
Thu Aug 30, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1742

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

We have different concepts of song and dance. Just sent Vanguard message today listing 7 QCD checks for over $25K in aggregate, my flagship rep called me and verified, and in few days will receive the 7 checks from Vanguard for me to send to the 501(c)(3) organizations. Actually quite easy and like...
by One Ping
Thu Aug 30, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1742

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

Vanguard does it that way also. For example, in 2017 on my IRA 1099R my entire distribution is shown as "taxable" while half of it was actually QCDs. Some of the QCDs were submitted to the charity with checks from Vanguard and the rest were donated by IRA checks I wrote . (emphasis added) Wow! This...
by One Ping
Thu Aug 30, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate SS PIA for Spouse who died relatively young?
Replies: 13
Views: 1450

How to calculate SS PIA for Spouse who died relatively young?

Sister's spouse died at age 48 in 2011 (born in 1962). I'm helping her with some financial decisions and would like to be able to, independently from SSA, calculate her spouses PIA. I know his highest 35 years of taxed social security earnings (25 years of earnings + 10 'zero' years). What I'm havin...
by One Ping
Tue Aug 28, 2018 11:14 pm
Forum: Personal Consumer Issues
Topic: How to repel wild dogs?
Replies: 65
Views: 5328

Re: How to repel wild dogs?

Would pepper/bear/OC spray work to discourage the local raccoons from using our backyard as a hangout/latrine? :twisted:
by One Ping
Mon Aug 27, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: When I die, what % of expenses should my survivor assume
Replies: 16
Views: 1830

Re: When I die, what % of expenses should my survivor assume

Annually I do a spreadsheet that tracks all of our spending for the year. I have individual line items for both my wife and I. Based upon those items, expenses would decline substantially for each of us. I do this too, and recently I had the same question as the OP. In the past I had used 80% of jo...
by One Ping
Sun Aug 19, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 86 year old
Replies: 14
Views: 1241

Re: Asset Allocation for 86 year old

About that time horizon ... my dad had quintuple bypass surgery at 80 (they didn't know it was going to be quintuple when they started the operation!) and he is still going strong at 95. Just saying your timr horizon may be longer than you think. Depending on burn rate, and the strength of his convi...
by One Ping
Thu Aug 16, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17753

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Thanks, Mike. :beer

So, since the recent change to the law, you can't really file for your spousal benefit before FRA unless you take your own benefit at the same time (deemed filing?), right?
by One Ping
Thu Aug 16, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17753

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I was showing a friend the tool and something happened with his case that I didn't expect. Husband: Birthday: 2/15/1954 (Note: He is not eligible to file a restricted application) PIA: 2500 Wife: Birthday: 8/15/1953 (Note: She is eligible to file a restricted application) PIA: 1000 The tool says the...
by One Ping
Mon Aug 13, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17753

Re: "Open Social Security" calculator: feature requests, bug reports, etc

The table of "Year-by-Year Benefit Amounts" shows, for a given year, the benefit "claimed" amount, not the benefit "paid" amount. What do I mean by that? The easiest way understand this is to think about a person who claims their benefit starting in December 2011. Their first benefit is actually pa...
by One Ping
Mon Aug 13, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17753

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Good work, Mike. Next challenge. :happy The table of "Year-by-Year Benefit Amounts" shows, for a given year, the benefit "claimed" amount, not the benefit "paid" amount. What do I mean by that? The easiest way understand this is to think about a person who claims their benefit starting in December 2...
by One Ping
Fri Aug 10, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Response from boss re: market analysis
Replies: 71
Views: 7684

Re: Rude response from boss re: market adjustment

I'm a subordinate and I'm pretty sure I've been rude more often to my manager than vice versa. But otherwise we have a good working relationship, and I love my position Thank you for the memories, wabbajack. This reminded me of the relationships I had with most of my supervisors when I was working....
by One Ping
Fri Aug 10, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Response from boss re: market analysis
Replies: 71
Views: 7684

Re: Rude response from boss re: market adjustment

I realize this may not be a popular opinion but here is the way I see this ... You are a part-time employee who thinks they deserve (want) a raise. You think you made a case for a raise and your boss says "reconsider your position." Seems like he did you a favor. What he is in effect saying is "You ...
by One Ping
Fri Aug 10, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 26
Views: 2882

Re: SS 2019 COLA could be close to 3%

----------------- CPI-W ------------------- ---- Average --- --- Increase --- Actual Year May June July August Sept May-Jul Jul-Sep May-Jul Jul-Sep COLA 2008 212.788 215.223 216.304 215.247 214.935 214.772 215.495 2009 208.774 210.972 210.526 211.156 211.322 210.091 211.001 (2.18%) (2.09%) 0.0% 201...
by One Ping
Fri Aug 10, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: What's a good way to calculate when I have won the game??
Replies: 23
Views: 4548

Re: What's a good way to calculate when I have won the game??

One approach might be using the Funded Ratio. BobK had a post (thread) on this a while back. viewtopic.php?f=10&t=219878

One Ping
by One Ping
Fri Aug 10, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17753

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Given the factors I mentioned in the last post, I wonder how useful this calculator is? It might lead to more confusion than clarity for most people, and might lead to some people taking SS earlier than would be best for them. What it calculates is just one minor part of the info to be considered w...
by One Ping
Fri Aug 10, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8051

Re: Should I tell my family/friend that they are making a financial mistake?

If we are talking about finance/investments in general or someone asks a specific question, I generally say 'this is what I do' or 'this is what I would do in that situation' and then let the conversation go from there. If they ask for more specifics then we can get into a deeper discussion about ap...
by One Ping
Tue Aug 07, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17753

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Very cool, Mike!

I really like the simplicity of your tool. It's just complex enough to provide really meaningful results. Not too simple to be almost meaningless, and not so complex as to be daunting ... Kind of Goldilocks and the Three Bears-like.

One Ping
by One Ping
Tue Aug 07, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: New Medicare cards. Get yours?
Replies: 25
Views: 2458

Re: New SS cards. Get yours?

My new Medicare card came early in the second round. But I had already gone out to the Medicare site and printed off a copy of the new card, an idea I got from someone on this forum. Were you able to print out your new card before your state was scheduled to have the new cards sent out? We live in ...
by One Ping
Sun Aug 05, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Death of Grandfather - creating to do list for Grandmther
Replies: 23
Views: 1793

Re: Help! Death of Grandfather - creating to do list for Grandmther

7. Contact Credit Cards to close my grandfather's cards (but make sure she is not just an authorized user on the accounts) So, thinking a little bit about this, a couple of questions come to mind. If she is an authorized user, what happens to her ability to use those credit cards? Presumably, she c...
by One Ping
Thu Jul 26, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion on first RMD withdrawal
Replies: 9
Views: 912

Re: Confusion on first RMD withdrawal

Which is why I'm pretty sure you have to take the RMD from the 401K before doing the rollover. Next year, he gets to do the RMD from the rollover IRA. And if he still has any money in the 401K at the end of this year, he'll have to do a separate RMD from that. He can't combine them and take it all ...
by One Ping
Thu Jul 26, 2018 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion on first RMD withdrawal
Replies: 9
Views: 912

Re: Confusion on first RMD withdrawal

My husband has just retired at age 74. I am 73. He has a 401K and profit sharing plan from his former employer. Since he was working full time and met the criteria he hasn't had to take any RMDs yet. We are doing rollovers of each of these into a Fidelity IRA. We were told that he had to take his R...
by One Ping
Wed Jul 25, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9463

Re: Vanguard Paper on Roth Conversion Analysis

It doesn’t seem too difficult to get your retirement tax bracket above that once RMDs start. Especially after the first spouse dies and the second is forced into the single tax brackets... Yeah, that single tax bracket is a killer. That's why we are converting into the 22% bracket. Survivor will de...
by One Ping
Sun Jul 22, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 1908

Re: Mock-Up IRS Forms for 2018 Tax Year

:oops: I see now ... In re-doing my taxes using exact numbers it's still within 1% but, it seems the tax owed is slightly different between their tool and my spreadsheet (couple of hundred dollars out of about $20K). Likely something is different between implementations of the "Qualified Dividends ...
by One Ping
Sat Jul 21, 2018 8:51 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 17812

Re: COMING SOON: BOGLEHEADS PODCASTS

Looking forward to it"
by One Ping
Sat Jul 21, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 17812

Re: COMING SOON: BOGLEHEADS PODCASTS

It will be interesting how long this podcast goes. Maybe 1 week of going over the philosophy and discussing a 3-fund portfolio then the next 500 episodes will be: "Welcome to the podcast! Just a reminder to stay the course. Well that's all we have this week, thanks for joining us!" And yet the boar...
by One Ping
Sat Jul 21, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 1908

Re: Mock-Up IRS Forms for 2018 Tax Year

You can enter actual numbers.........I thought the sliders were just reflecting the numbers input! I guess there are analog folks and digital ones.....takes all kinds to make up the world :happy :oops: I see now ... In re-doing my taxes using exact numbers it's still within 1% but, it seems the tax...
by One Ping
Sat Jul 21, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 1908

Re: Mock-Up IRS Forms for 2018 Tax Year

kaneohe wrote:
Sat Jul 21, 2018 6:44 pm
jacoavlu wrote:
Sat Jul 21, 2018 6:30 pm
I think this one works pretty well

https://www.calcxml.com/calculators/tru ... calculator
does it have inputs for SS , LTCG/QDIV income?
Those were some of the things I had to play around with to get right. I liked the one you (kaneohe) recommended.
by One Ping
Sat Jul 21, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 1908

Re: Mock-Up IRS Forms for 2018 Tax Year

https://www.mortgagecalculator.org/calcs/1040-calculator.php This is a nice 1 pg calculator. Just tested this one against my own spreadsheet set-up. Results were within a couple of hundred dollars (<1% difference). Pretty good consider the granularity of the allowed inputs. Would be nice if they al...
by One Ping
Mon Jul 16, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: Deterministic SWR Calcuation/Equation
Replies: 2
Views: 261

Re: Deterministic SWR Calcuation/Equation

YES! Thank you!

I don't know why it didn't pop up in my searches. Thanks, Factual. :beer