Do Your Calculations Take Into Account The Time Value Of Money?
Do you calculations in MaximizeMySocialSecurity take into account the time value of money, and, if so, what is the implicit interest rate assumption. A dollar received today is worth more than a dollar received in three years, especially in this era of higher inflation.
Hi. Yes, the software includes an option to include a presumed rate of inflation. The default amount is 2.25% per annum, but can be adjusted by the user.