Recent content by jdw_fire

not directly, but since WEP affects your PIA and your spouse's spousal benefit is based on your PIA, your spouse's benefit will be affected by the WEP effect on your benefit (PIA)

sounds like you dont have a large porfolio and you want to leave something to your children. those 2 "facts" may make taking SS ASAP a better choice for you. the benefit to delaying SS is for those who want/need more longevity insurance, want to spend as much as they safely can after age 62...

how would an early out (with immediated pension and health care eligibility ) fit into your plans?

working as a fed employee "hired after 1983" will not affect the how WEP affects your SS because you are WEPed due to other employment unless, by doing that fed work, your "substantial" earnings years are increased above 20 years total.

you guys are a riot, but in perfect keeping with closed minds. (BTW it is very disappointing that 2 moderators, who are not acting under their official duties as moderators, join in the ridicule.) your reluctance to answer me tells me that you arent all that serious about your question (and...

lets explore that scenario, but first, to clarify, let me ask you some questions. how would you suggest they use their portfolio? specifically, assuming the person is 62 at the time of this decision would you recommend that the retiree use a WR of 10%+ per year since they arent likely to live...

why is it that you are so dismissive of my analysis but free to offer your own? open your mind a little. all this talk of actuarially neutral and break even dates have nothing to do with trying to maximize the amount spendable each year of your retirement. what matters when trying to...

so, you think that if you know you have a major purchase/expense coming in the near future (next few years), like buying a new car for cash or college tuition, you should leave that money in the market? i think you will find that a number of people will disagree with that approach. o and BTW...

the advantage is that since the retiree plans on spending that amount over a short period of time (8 years in this case) it eliminates the market risk that is inherent in your "normal asset allocation".

actually FireCalc, by itself, doesnt really work well for this analysis because, as you can see in my analysis at the link i supplied, part of the portfolio (the amount used to fund the SS replacement and the increased spending between ages 62 and 70) isnt in a portfolio that it makes sense...

actually, my analysis is not dependent on a givens persons health, period. what i stated above holds even if said person alters his/her WD rate based on their health. i have not run all the scenarios but i do concede (for example) that if, based on health, the retiree decides that s/he will...

i have many times posted on this forum showing that, if your desire is spending more money early in your retirement w/o added risk, the better approach is to delay SS till age 70. this is definitely true for a single individual (the picture is more complicated for couples but still holds for...

probably because NM has a long history of being thought of as being another country. lots of questions as to whether a passport was needed to visit. i even heard that the US navy (i hope this is just a rumor) looked into making a treaty with NM!

the GPO adjustment is based on any DB pension earned with income not subject to FICA

MB is correct however there is 1 little piece of info missing and that is that the wage indexing stops with the wages earned 2 years prior to when your PIA is calculated. in other words, wages earned prior to age 60 are indexed and wages earned from age 60 to 62 are not indexed for the PIA...