Search found 684 matches

by One Ping
Sun Jun 16, 2019 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: File retroactively for SS spousal benefit?
Replies: 5
Views: 449

Re: File retroactively for SS spousal benefit?

For a number of reasons I'm not going to go into, in this scenario the low earner filing for spousal benefit will take place a small number of months (<6) after the high earner files for their own retirement benefit. The question is, at the time of their filing can they request to have their spousal...
by One Ping
Sun Jun 16, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: File retroactively for SS spousal benefit?
Replies: 5
Views: 449

Re: File retroactively for SS spousal benefit?

BlueOrange10 wrote:
Sun Jun 16, 2019 9:34 pm
Yes, I believe so.

See

https://secure.ssa.gov/poms.nsf/lnx/0200204010
Seems that section on Protective Filing is for disability benefits, not retirement benefits. Sorry, if I didn't make that clear in the OP. I'll edit the OP.
by One Ping
Sun Jun 16, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: File retroactively for SS spousal benefit?
Replies: 5
Views: 449

File retroactively for SS spousal benefit?

Lower earning spouse: Age 73 Filed for own benefit in 2011 Higher earning spouse: Age 67 Filed for spousal benefit in 2017 The plan is for the higher earning spouse to file for their own retirement benefit sometime in the next 2½ years. IF the lower earning spouse waits to file for their spousal ben...
by One Ping
Thu Jun 13, 2019 7:55 pm
Forum: Investing - Theory, News & General
Topic: Slice and dice for bonds
Replies: 49
Views: 3147

Re: Slice and dice for bonds

What I do like, is keeping the relative duration of my bonds somewhere around my expected need of the money. If I have liabilities one year out and I've got that money in a portfolio of bonds maturing 5 years from now I've introduced risk that isn't necessary... there's usually a higher yield assoc...
by One Ping
Thu Jun 13, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: Slice and dice for bonds
Replies: 49
Views: 3147

Re: Slice and dice for bonds

What I do like, is keeping the relative duration of my bonds somewhere around my expected need of the money. If I have liabilities one year out and I've got that money in a portfolio of bonds maturing 5 years from now I've introduced risk that isn't necessary... there's usually a higher yield assoc...
by One Ping
Thu Jun 13, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account?

No experience or expertise, but from what our estate attorney regularly told folks - the standard for "incapacity" in such situations is quite "liberal" . Find an experienced attorney that does this all the time and is familiar with the details in your state. :?: Does this mean it's easy to get som...
by One Ping
Thu Jun 13, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account? UPDATE

I talked to the bank today. Turns out my General Durable Power of Attorney is good for 'Personal Finances,' but what that really means is I can ... ... withdraw and deposit funds from bank accounts belonging to Principal and to enter and remove contents of all safe deposit boxes rented by the princ...
by One Ping
Thu Jun 13, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account?

Thank, donall.
donall wrote:
Thu Jun 13, 2019 9:44 am
Tax forms need to be filed for both the individual and estate/trust in the year of death.
Is this true even if, had she lived, she would not have been required to file for the year?
by One Ping
Wed Jun 12, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and expected life span
Replies: 30
Views: 2603

Re: RMD and expected life span

Spirit Rider wrote:
Tue Jun 11, 2019 6:32 pm
The IRS updated the RMD tables in 1987 and 2002, that would imply that they might update tables in the next few years.
Anyone know where to find the RMD tables for 1) pre-1987 and 2) 1987-2001? Might be interesting to see how they changed when they DID change them.
by One Ping
Tue Jun 11, 2019 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account? UPDATE

I talked to the bank today. Turns out my General Durable Power of Attorney is good for 'Personal Finances,' but what that really means is I can ... ... withdraw and deposit funds from bank accounts belonging to Principal and to enter and remove contents of all safe deposit boxes rented by the princi...
by One Ping
Tue Jun 11, 2019 10:13 am
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6752

Re: Downsides of VPW?

Cool. Thanks, longinvest. I look forward to checking it out.
by One Ping
Mon Jun 10, 2019 8:10 pm
Forum: Personal Investments
Topic: why are Small Caps falling?
Replies: 113
Views: 9295

Re: why are Small Caps falling?

According to Morningstar, there are eight small cap mutual funds currently in existence that also existed when Vanguard 500 Index fund started . From 8/31/1976 to 12/31/1983 all eight of them outperformed VFINX. https://i.imgur.com/mjOhFfR.png The chart only has room to show 7 of them. This is just...
by One Ping
Mon Jun 10, 2019 6:10 pm
Forum: Personal Investments
Topic: why are Small Caps falling?
Replies: 113
Views: 9295

Re: why are Small Caps falling?

According to Morningstar, there are eight small cap mutual funds currently in existence that also existed when Vanguard 500 Index fund started . From 8/31/1976 to 12/31/1983 all eight of them outperformed VFINX. https://i.imgur.com/mjOhFfR.png The chart only has room to show 7 of them. This is just...
by One Ping
Sun Jun 09, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account?

Don't forget that under PoD/ToD, you won't receive the funds until after the death certificate is presented and that can be weeks. (Took ~6 weeks to recieve the death cert when my mom passed away in California.) When my Dad died a few months ago it only took about 5-6 days to get the DC. (This was ...
by One Ping
Sun Jun 09, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account?

Some money should be left in the estate, not POD. ... You also should assume that some expenses may need to be paid before you have official documentation as the executor, such as at least partial payment to the funeral home. Anyone know if the checking account was changed to my being a joint owner...
by One Ping
Sun Jun 09, 2019 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account?

Some money should be left in the estate, not POD. ... You also should assume that some expenses may need to be paid before you have official documentation as the executor, such as at least partial payment to the funeral home. Anyone know if the checking account was changed to my being a joint owner...
by One Ping
Sun Jun 09, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking accou

Some money should be left in the estate, not POD. ... You also should assume that some expenses may need to be paid before you have official documentation as the executor, such as at least partial payment to the funeral home. Anyone know if the checking account was changed to my being a joint owner...
by One Ping
Sat Jun 08, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account?

Thanks, CAsage. Yes, having you as Joint on that account will insure that the account isn't closed or frozen, and you can simply continue to pay Mom's bills from that. And then you don't have to open a new estate account or run the bills through your account. This is what I hope we can do. Having bo...
by One Ping
Sat Jun 08, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account?

Those things you mentioned (last utility bill, last credit card, bill, etc.) are pretty minor things. The thought is that if the choices are a) a formal probate process with a court appointed executor with paid legal assistance or b) ignore all that, don't petition for letters of appointment and th...
by One Ping
Sat Jun 08, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account?

Couple more questions : 1) Does joint ownership (JTWROS) allow the account to stay open and immediately accessible to the remaining owner after one of the owners has died? 2) Are there any issues with being a joint owner of an account while simultaneously being a POA for another joint owner. 3) If t...
by One Ping
Sat Jun 08, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Re: Is POD the best designation for Mom’s checking account?

Thanks, guys. Lots of good comments and ideas. Let me address them ... I think you're on the right track. I would keep ~$10K - $20K in the checking and remove the POD designation. Keep enough in the (non-POD) checking account to cover burial expenses and final bills. POD is fine for amounts above wh...
by One Ping
Sat Jun 08, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2652

Is POD the best designation for Mom’s checking account?

Background My Mother is a recently widowed 91yo living in a CCRC with some early signs of dementia. I have her POA and am currently listed as POA on her bank accounts. Because of this when my father died recently, I was able to handle all the transactions (legal and financial) quickly and cleanly f...
by One Ping
Tue Jun 04, 2019 7:22 pm
Forum: US Chapters
Topic: June 6, 1944 D Day and General Patton [D-Day plus 11 days, a war article by Ernie Pyle]
Replies: 37
Views: 3204

Re: June 6, 1944 D Day and General Patton

One of the greatest deceptions ever. Patton, like MacArthur in the Pacific, were so in love with themselves, but they got results, always keeping the axis commands worried. Had Patton been a man of more humility and less of a leader, the deception never would have worked. And thanks to all that ser...
by One Ping
Tue Jun 04, 2019 7:13 pm
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6752

Re: Downsides of VPW?

2. I think I am going to set aside enough to bridge SS from 55 to 70. By set aside, I just mean mental accounting. All money will reside in a 60/40 BH portfolio. No SPIA. This should require about $700k of my projected $1.7M of savings. Corn18, the new spreadsheet I'm proposing to build (see this p...
by One Ping
Tue Jun 04, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5407

Re: Is it Wise to Remove Escrow if Bank Allows it?

What do bogleheads do concerning escrow? Do you get rid of it as soon as your able to allow greater flexibility? Or do you keep it as its two less bills to keep track of (RE taxes & Home Ins.)? Get rid of it. It is not uncommon for lenders to make mistakes with the payments and not pay the bills on...
by One Ping
Mon Jun 03, 2019 12:12 pm
Forum: Personal Consumer Issues
Topic: Anyone familiar with driving from Disneyland area to Tucson, Az?
Replies: 39
Views: 1970

Re: Anyone familiar with driving from Disneyland area to Tucson, Az?

11cents wrote:
Mon Jun 03, 2019 11:34 am
As you approach Phoenix on I-10, you can take the connector highway 85 due south to I-8. I did this some years ago and avoided the Phoenix traffic.
This! Google says it's virtually the same driving time, but it has less potential for variability because you miss the Phoenix traffic.
by One Ping
Sat Jun 01, 2019 6:00 pm
Forum: Personal Investments
Topic: VMFXX Federal Tax Deductible
Replies: 2
Views: 340

Re: VMFXX Federal Tax Deductible

Might check out this thread ...

viewtopic.php?t=258204#p4104036
by One Ping
Fri May 31, 2019 11:48 am
Forum: Personal Investments
Topic: Ultimate Buy and Hold...thoughts?
Replies: 38
Views: 6093

Re: Ultimate Buy and Hold...thoughts?

Poster 2015's criticism of Paul Merriman for using "Foundation" in the title without actually reading what he has to say is akin to judging a book by its cover. BTW, I noticed yesterday that 2015 has "disappeared" from the site. Couldn't find him/her as a member and couldn't search for his/her post...
by One Ping
Thu May 30, 2019 5:34 pm
Forum: Investing - Theory, News & General
Topic: Modeling Worst Case Scenarios & Does AA Matter When Consistently Contributing?
Replies: 16
Views: 1452

Re: Modeling Worst Case Scenarios & Does AA Matter When Consistently Contributing?

My methodology: Set starting dates of September 30, 1987, August 30, 2000, and August 31, 2008. (Month before biggest dips from what I could tell.) Looked at 1, 5, and 10 years out from each starting date. If you are looking for 'worst case' situations, I'd set the start dates at 11 mos, 4 yr 11 mo...
by One Ping
Wed May 29, 2019 11:59 am
Forum: Personal Investments
Topic: Estimating "largest loss since 1926" and "# years with loss"
Replies: 24
Views: 2424

Re: Estimating "largest loss since 1926" and "# years with loss"

Personally, as a retiree, I invest as much in stocks as I can afford to lose. That is my approach, which may or may not work for others. I love this approach! So dead-on simple. Sure, it probably results in a less aggressive allocation than "rationally" ideal, but then again, as a card-carrying Hum...
by One Ping
Sun May 26, 2019 2:18 pm
Forum: Investing - Theory, News & General
Topic: "A Set-It-and-Forget-It Target-Date Series From Vanguard"
Replies: 120
Views: 13479

Re: "A Set-It-and-Forget-It Target-Date Series From Vanguard"

Some time ago (can't remember whether it was a Forbes article I wrote or something I posted here), I made the case for three separate TD funds for each year, since folks often didn't know they were supposed to look under the hood of the various TD funds to find the asset allocation they wanted, rat...
by One Ping
Wed May 22, 2019 4:36 pm
Forum: Personal Investments
Topic: Does M1 Finance compare to Merrill Edge?
Replies: 17
Views: 1081

Re: Does M1 Finance compare to Merrill Edge?

get_g0ing wrote:
Wed May 22, 2019 4:06 pm
Jags4186 wrote:
Wed May 22, 2019 12:15 pm
Not comparable. M1 is a robo Rebalancing service. Merrill is a discount broker.
So are you not able to do the same things with each? Any example of things that can only exclusively be done at one firm?
Voila!
core4portfolio wrote:
Wed May 22, 2019 12:27 pm
M1 allows fractional shares but merill [does] not.
by One Ping
Sun May 19, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1031

Re: Does SS payment day of month change when changing benefits?

The PDF file link provided is very clear as to whose birthday is to follow for the payment date. I agree. However, my guess is that the SSA's system is archaic and not as automated as it should be. And it likely requires "human" intervention. This would not surprise me. Not withstanding the above, ...
by One Ping
Sat May 18, 2019 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1031

Re: Does SS payment day of month change when changing benefits?

It didn't change for us. My wife was receiving a spousal benefit since age 66 on my payday (2nd Wednesday) even though her birthday would put her on the 4th Wednesday. However, when she claimed her own benefit at age 70, her payday remained the 2nd Wednesday. That's interesting. It appears that the...
by One Ping
Sat May 18, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1031

Re: Does SS payment day of month change when changing benefits?

JoeRetire wrote:
Sat May 18, 2019 6:56 pm
Sure, it's a valid question. More like trivia I guess. It's also a question that will be answered quickly once you start to receive your benefits.
:thumbsup
by One Ping
Sat May 18, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1031

Re: Does SS payment day of month change when changing benefits?

:?: - My question: After I claim my retirement benefit, and spouse claims her spousal benefit , what day of the month will our respective SS payments hit our account? Just interested - does it really matter? Or are you just curious? Doesn't mean it's not a valid question ask. In my case though, it'...
by One Ping
Sat May 18, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1031

Re: Does SS payment day of month change when changing benefits?

“When and how we pay your benefits We pay Social Security benefits monthly. The benefits are paid in the month following the month for which they are due. For example, you would receive your July benefit in August. Generally, the day of the month you receive your benefit payment depends on the birt...
by One Ping
Sat May 18, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1031

Re: Does SS payment day of month change when changing benefits?

My spouses birthday is on the 8th and I was receiving my spousal benefit on the 2nd wednesday of the month. My birthday is on the 27th and I still receive my check on the 2nd Wednesday of the month after my switch to my own bebefits. Good catch. I edit my original post to change 1st Wednesday to 2n...
by One Ping
Sat May 18, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1031

Does SS payment day of month change when changing benefits?

Currently, based on my spouse’s birthday being between the 21st and 31st of the month, I am receiving my SS spousal benefit payment on the 4th Wednesday of the month (ref. Schedule of Social Security Benefit Payments ). I will be claiming my retirement benefit soon. My birthday is between the 1st an...
by One Ping
Fri May 17, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6214

Re: Why do plumbers get paid so well?

RetiredAL wrote:
Fri May 17, 2019 6:18 pm
You've brought back some great memories.
:sharebeer
by One Ping
Fri May 17, 2019 5:58 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6214

Re: Why do plumbers get paid so well?

This reminds me of an old joke ... There was an engineer who had an exceptional gift for fixing all things mechanical. After serving his company loyally for over 30 years, he happily retired. Several years later the company contacted him regarding a seemingly impossible problem they were having with...
by One Ping
Fri May 17, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tithing
Replies: 14
Views: 1492

Re: Tithing

Shackleton wrote:
Fri May 17, 2019 5:43 pm
I don’t do it since I don’t believe in god, but I understand the concept.
Ditto. Seems pretty simple, 10% ... of everything (all income).
by One Ping
Fri May 17, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs from an inherited-inherited IRA...is Fidelity wrong?
Replies: 15
Views: 1997

Re: RMDs from an inherited-inherited IRA...is Fidelity wrong?

Thanks all. My wife called back yesterday and calmly explained the situation, was intitially told that RMDs would be based on her life expectancy. She explained (again) that that didn't seem to be the way the IRS understood it. After more time on hold and someone calling her back, they agreed. Than...
by One Ping
Thu May 16, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Can wife Top off her Social Security benefits?
Replies: 33
Views: 4131

Re: Can wife Top off her Social Security benefits?

I ran opensocialsecurity for this scenario. Here are the inputs: Your Information: Marital Status: Married Gender: Male Birthdate: 12/15/1957 Have you already filed for retirement benefits?: No. PIA: $1,600 Your Spouse’s Information: Gender: Female Birthdate: 7/15/1957 PIA: $411 ( NOTE: This PIA giv...
by One Ping
Wed May 15, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 314
Views: 31771

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

:thumbsup :thumbsup :thumbsup :thumbsup
Thanks, Mike. Back up and running ... :D

(I won't tell the wife you think she is 'significantly' older ... :wink: )
by One Ping
Wed May 15, 2019 6:50 pm
Forum: Personal Investments
Topic: Fisher Investments--again
Replies: 16
Views: 3045

Re: Fisher Investments--again

So how does Fisher get paid to manage this all stock portfolio? What custodian and trading platform do they use? From their ADV filing ( http://fisherfinancialadvisors.com/components/com_adv/controllers/files/FORM_ADV2A2BPrivacyPolicy_20170901_clean_1506356726.pdf ): A. Fees for Advisory Services I...
by One Ping
Wed May 15, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 314
Views: 31771

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

Just tried to use the calculator and it doesn't seem to be working. Input data, click submit, the screen flashes for an instant, but then no results. Using Firefox Quantum Ver. 66.0.5 (64-bit). It says it is 'up to date.' Hmm. Thanks for the notification. I was working on it today (just a few small...
by One Ping
Wed May 15, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 314
Views: 31771

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

Just tried to use the calculator and it doesn't seem to be working. Input data, click submit, the screen flashes for an instant, but then no results.

Using Firefox Quantum Ver. 66.0.5 (64-bit). It says it is 'up to date.'