Ask Larry

Maximize My Social Security Software

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.

Thursday, June 9, 2022 - 17:19

If I Purchase The Software, Will I Be Able To Have My Questions Answered Through Correspondence?

If I purchase the software, will I be able to have my questions like the ones below answered through correspondence, in addition to what I am able to glean from the book and the software? I plan on beginning to collect Social Security at age 70. My birthday is March 12, 1953. So what date should I indicate as the date I would like to start collecting Social Security? And how far in advance should I apply for Social Security to begin receiving it at that time, meaning what date should I put in my application?

Saturday, April 16, 2022 - 13:17

Is There Something That Your Software Can Do For Me?

I am now 76. I retired at full retirement age and have been receiving Social Security. I am currently working and making hefty six figures. I want to figure out what salary to pay myself to absolutely maximize my Social Security benefits over the next 4 years (without cancelling it out by paying it all out in taxes now). Would you believe that Social Security told me they can't tell me the percentage they multiply the average of my top 35 earnings years by....and that "this is done manually and takes a long time to do"! Seriously! It's a mysterious process.

Friday, April 1, 2022 - 12:56

Does Your Software Allow For Choosing Future Dates Of Death For Either Spouse?

Does the SS benefits maximization software allow for choosing date of death scenarios for either spouse?

Hi. You can enter an expected year of death for each member of a couple, but not an exact future month or day of death. The software ( then runs the maximization scenarios accordingly.

Best, Jerry

Monday, February 28, 2022 - 11:41

Does Your Software Take Into Account The 2015 Social Security Amendments?

Does your software take into account the rule passed in 2015? I sent you a question earlier. I am L and we did successfully apply and receive social security in #1 - 3. When I applied in #4 for spousal benefits after my husband applied for his on social security in #3, I was denied spousal benefits. His spousal benefits are about $50 more a month than my own benefits. I was denied spousal benefits they said because of the law passed in 2015. My finanacial planner and my accountant both think I should be getting spousal benefits and that the law doesn't apply to me.

Saturday, February 19, 2022 - 14:33

Has The 5.9% Increase Already Been Included In Your Software?

Love the tool. Super helpful!

There's a big bump coming in SS payments coming in 2022. Have those been already included in your software or should I enter the 5.9% bump myself?


Hi. Yse, our software has been updated to include the 5.9% Social Security cost of living (COLA) increase. You do not need to add the COLA yourself.

Best, Jerry

Monday, January 31, 2022 - 18:03

Will Your Software Allow Me To Calculate How Much My Benefit Rate Would Be Reduced If I Earn More?

My child has been approved for dac due to intellectual disabilities My mother's benefit for a child in care were reinstated. They stopped last yr because she turned 16. We were receiving survivor benefits. Next year, I may earn more than the income limit for my benefit. Do I get it back later like retirement beneficiaries? Will your software allow me to calculate the additional income and how much it would reduce my benefit.? Is there an earned amount that would reduce my benefit to 0?

Wednesday, December 15, 2021 - 18:22

Will Your Software Program Maximize The Options For People Who Are Eligible For City Or State Pensions?

Both my husband and I have paid into social security (over 40 quarters) and both of us will have retirement pensions from either City or State employment. Does this program have options to include that information, along with our SS info? Will it maximize the options for either/both/combo for a couple?

Thursday, October 7, 2021 - 16:50
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