Search found 3183 matches

by ObliviousInvestor
Wed Nov 15, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: SS application at 70, 1st of the month birthdate
Replies: 2
Views: 454

Re: SS application at 70, 1st of the month birthdate

1) Because your birthday is on the first of the month, you are considered to "attain" each age in the prior month. So you attain age 70 in January. 2) The last month for which you can get a delayed retirement credit via not collecting is the month before the month in which you attain age 70. 3) The ...
by ObliviousInvestor
Tue Nov 14, 2017 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 3003

Re: "Unsuspending" Social Security Benefits

Thank you for reporting back with your experience, Ron. That is helpful for those of us who must learn everything second-hand.
by ObliviousInvestor
Tue Nov 14, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 3003

Re: "Unsuspending" Social Security Benefits

You must apply before we can pay the higher benefit amount. You can apply conveniently at www.socialsecurity.gov on the Internet, in person or by telephone. To use our secure website to apply, under Benefits link click Apply Online for Retirement. You can access and complete the application there."...
by ObliviousInvestor
Tue Nov 14, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 3003

Re: "Unsuspending" Social Security Benefits

How long before her 70th birthday should she apply for her own benefit in order to avoid the retroactivity? The same rule as with any other application applies here. That is, she can apply up to 3 months in advance of when she wants the benefit to start. And, if she wants to avoid retroactivity, sh...
by ObliviousInvestor
Tue Nov 14, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 3003

Re: "Unsuspending" Social Security Benefits

How long before her 70th birthday should she apply for her own benefit in order to avoid the retroactivity? The same rule as with any other application applies here. That is, she can apply up to 3 months in advance of when she wants the benefit to start. And, if she wants to avoid retroactivity, sh...
by ObliviousInvestor
Tue Nov 14, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 3003

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
Sun Oct 29, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Bogleheads Conference - Annuities: The Good, The Bad, and The Ugly
Replies: 18
Views: 2194

Re: 2017 Bogleheads Conference - Annuities: The Good, The Bad, and The Ugly

Thanks for posting the slides, LadyGeek. To provide some context for anybody who wasn't there, Mel provided a broad overview of the industry, including conflicts of interest that may influence people recommending an annuity to you, state guaranty associations, and other similar topics. The first 16 ...
by ObliviousInvestor
Sat Oct 28, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: RMD from IRA in year of death
Replies: 18
Views: 1397

Re: RMD from IRA in year of death

Thank you, Alan. That is very helpful.
by ObliviousInvestor
Fri Oct 27, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: RMD from IRA in year of death
Replies: 18
Views: 1397

Re: RMD from IRA in year of death

Mark, thank you for your reply! Those were precisely the two concerns that I had.
by ObliviousInvestor
Fri Oct 27, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: RMD from IRA in year of death
Replies: 18
Views: 1397

Re: RMD from IRA in year of death

Thank you again to everybody who has replied. I inherited an IRA this year, decedent was 62 at death. I don't have to take RMD until next year, right? You are correct that you do not have to take an RMD this year, assuming the deceased was the original owner of the IRA (i.e., assuming it was not alr...
by ObliviousInvestor
Thu Oct 26, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: RMD from IRA in year of death
Replies: 18
Views: 1397

Re: RMD from IRA in year of death

Thank you to everybody who replied! The beneficiaries must take the RMD in the year of death. I understand this in general. In my experience in the past, the RMD has been taken by one or more beneficiaries from an inherited IRA. My question is whether a distribution from a regular, non-inherited tr...
by ObliviousInvestor
Thu Oct 26, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: RMD from IRA in year of death
Replies: 18
Views: 1397

Re: RMD from IRA in year of death

Thank you to everybody who replied! The beneficiaries must take the RMD in the year of death. I understand this in general. In my experience in the past, the RMD has been taken by one or more beneficiaries from an inherited IRA. My question is whether a distribution from a regular, non-inherited tra...
by ObliviousInvestor
Mon Oct 23, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: RMD from IRA in year of death
Replies: 18
Views: 1397

RMD from IRA in year of death

Somebody just emailed me with a situation that I don't recall running into before. I'm betting those of you in actual practice see this regularly though. Here's the situation: Spouse A owns a traditional IRA. Spouse B and Spouse A's son are named as 50/50 beneficiaries of that IRA. Spouse A dies in ...
by ObliviousInvestor
Thu Aug 24, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Mike Piper and CDs
Replies: 54
Views: 6388

Re: Mike Piper and CDs

Well, we'll probably have to agree to disagree. Mike Piper is a very thoughtful writer and anything that he writes, I read it seriously. I re-read his article several times, walked away, got a good night's sleep, and then re-read it again. No matter what, I respect his thoughtfulness and focus. I t...
by ObliviousInvestor
Fri Aug 11, 2017 7:53 am
Forum: Personal Consumer Issues
Topic: Harry Bosch: the Amazon Series vs the novels
Replies: 47
Views: 2806

Re: Harry Bosch: the Amazon Series vs the novels

I don't remember the episode, but Rick Ferri's "The ETF Book" makes a cameo in Bosch's apartment as the camera pans across a bookshelf. I about jumped out of my seat when I saw it.
by ObliviousInvestor
Wed Jun 14, 2017 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Should equals take SS at FRA or Early to preserve portfolio?
Replies: 30
Views: 3117

Re: Should equals take SS at FRA or Early to preserve portfolio?

Delay of SS alone will help preserve our portfolio. I retired at 66 and am delaying SS until 70... It is funny how different people can reach different conclusions from essentially similar inputs. I retired at 61 and took SS at the earliest possible opportunity, 62. I think this preserved my portfo...
by ObliviousInvestor
Tue Jun 13, 2017 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help My Mother "Survive"?
Replies: 67
Views: 5689

Re: Help My Mother "Survive"?

OP, can you edit your original post and fix the age inconsistencies? Is she 64.5 or 61? Sorry, that's a big error! Fixed - she's 61.5. Ah, dang. That changes the Social Security situation. In that case, if she files at any point for her own benefit or her spousal benefit, she's automatically consid...
by ObliviousInvestor
Tue Jun 13, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Help My Mother "Survive"?
Replies: 67
Views: 5689

Re: Help My Mother "Survive"?

delamer wrote:Also her benefit does not increase at anything close to 20%/year by delaying, it is more like 8%.
The 20% figure is probably from the statement she receives, which (unfortunately?) bundles in the effect of additional years of earnings together with the effect of delaying.
by ObliviousInvestor
Tue Jun 13, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help My Mother "Survive"?
Replies: 67
Views: 5689

Re: Help My Mother "Survive"?

Is your father still alive? Are your parents divorced? Can she collect spousal or SS survivor benefits? If she was married for 10 years & didn't remarry before age 60, she may be able to collect SS off your father's work history as long as she earns under $16.9k while under full retirement age (66 ...
by ObliviousInvestor
Tue Jun 06, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Bug in the online SS benefit calculator?
Replies: 17
Views: 1459

Re: Bug in the online SS benefit calculator?

I think this may be the issue. DRCs earned in the year you claim are not applied until the beginning of the next year . If, after you start accumulating DRCs (after FRA), let's say you claim in June. AnyPIA calculates your benefit based on your PIA and DRCs accumulated through December of the previ...
by ObliviousInvestor
Tue Jun 06, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Bug in the online SS benefit calculator?
Replies: 17
Views: 1459

Re: Bug in the online SS benefit calculator?

What he was getting at with the other bolded part of his answer is that you have to be 62 throughout the entire month to qualify for benefits. So the month following the month of your 62nd birthday is the first month for which you can receive benefits, given a birthdate on the 15th of the month. Th...
by ObliviousInvestor
Tue Jun 06, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Bug in the online SS benefit calculator?
Replies: 17
Views: 1459

Re: Bug in the online SS benefit calculator?

Does the following help? Hmm. I don't see the relevance. So far, I prefer whaleknives' theory that the calculator is rounding off claiming ages to 6 month intervals. SScritic's provided reference gives a clue. The last line in the quoted text mentions that something (what?) does not happen until Ja...
by ObliviousInvestor
Sun May 21, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Please check my SS spousal benefit calculations
Replies: 12
Views: 1363

Re: Please check my SS spousal benefit calculations

For those who can only claim based on his/her own record (no spousal benefit involved), what is the breakeven (longevity) age for delaying the SSB until age 70? Well, the breakeven age depends on what two options we're comparing. If we're comparing at-62 vs. at-70, the breakeven age for an unmarrie...
by ObliviousInvestor
Sun May 21, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Please check my SS spousal benefit calculations
Replies: 12
Views: 1363

Re: Please check my SS spousal benefit calculations

I like your proposed strategy, by the way. :thumbsup
by ObliviousInvestor
Sun May 21, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Please check my SS spousal benefit calculations
Replies: 12
Views: 1363

Re: Please check my SS spousal benefit calculations

I'd like to confirm that my understanding of spousal benefit calculations is correct. The situation: Spouse A: PIA 2,200; FRA 66; birthdate before 1/2/54 Spouse B: PIA 800; FRA 66; birthdate after 1/2/54; 30 months younger than A A intends to wait until age 70 to claim on A's work record for maximu...
by ObliviousInvestor
Sat May 20, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1790

Re: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

In my financial talks I have a catch-phrase I like a lot: "If you don't know enough to know whether a Target Date fund is right for you, it's right for you". And I follow with something like "if for some reason it is NOT right for you, it remains right for you until you learn/understand what is bet...
by ObliviousInvestor
Fri May 19, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Question about Social Security spousal benefits
Replies: 12
Views: 1357

Re: Question about Social Security spousal benefits

protagonist wrote:If I want to start claiming spousal benefits at age 66 (but defer taking my own until 70), how early can I apply?
The general rule is that the earliest you can apply is 3 months before you want your benefits to start.
by ObliviousInvestor
Fri May 19, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Question about Social Security spousal benefits
Replies: 12
Views: 1357

Re: Question about Social Security spousal benefits

Mike Piper (Oblivious Investor) wrote the book on Social Security - literally. I have his book on SS on my Kindle Reader. I would be confident to make the trip to a SS Office for a face-to-face on the strength of Mike's say-so. Thanks for the vote of confidence, David. :) That said, if planning a v...
by ObliviousInvestor
Thu May 18, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Social Security spousal benefits
Replies: 12
Views: 1357

Re: Question about Social Security spousal benefits

The rep is wrong. You'll still be able to file a restricted application at your FRA for spousal benefits on your ex-spouse's work record. Here are the requirements for such spousal benefits: https://www.ssa.gov/OP_Home/cfr20/404/404-0331.htm Note that it says nothing about whether or not your ex-spo...
by ObliviousInvestor
Wed May 17, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Planning (Incarcerated Spouse)
Replies: 5
Views: 1476

Re: Social Security Planning (Incarcerated Spouse)

Here's the wording from the Social Security Act itself: (2) Benefits which would be payable to any individual (other than a confined individual to whom benefits are not payable by reason of paragraph (1)) under this title on the basis of the wages and self-employment income of such a confined indivi...
by ObliviousInvestor
Wed Apr 19, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Collect While Working?
Replies: 13
Views: 1482

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: 1482

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: 4981

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: 656

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: 1182

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. m OK, I wasn't thinking that di...
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: 1182

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: 1182

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: 1182

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: 936

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: 936

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: 3024

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: 3024

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: 5256

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: 5256

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: 27
Views: 3003

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: 27
Views: 3003

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: 1368

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: 1368

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: 1368

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 ...