Maximize My Social Security Software

Is Your System Detailed Enough To Account For The Pensions I Receive And The Effects Of WEP?

Hi, I am about to try to calculate our best SS strategy. We are both retired 69/68 old. I worked all my life and my partner raised the family.
We do receive German SS equivalent government pension from our years when we worked in Germany. I also receive a corporate pension from my time in Germany.

From our work in the US we have rolled over my 401K into an IRA and I have accumulated SS pension benefits (my partner has no accumulated SS pension benefits. We have not applied for SS benefits, only medicare.

Does My Annual Amount As Currently Calculated By Maximize My Social Security Include Next Year’s 1.6% COLA?

I will turn 70 on March 11, 2020, and will apply for my Social Security benefit at that time. Does my annual amount as currently calculated by Maximize My Social Security include next year’s 1.6% COLA? Thank you.

Hi,

No, the upcoming 1.6% cost of living increase (COLA) won't be automatically reflected in the 2020 benefit rates shown in our software until January 1 2020. However, you can input 1.6% as your assumed inflation rate for 2020 and then use the Social Security Benefit change feature to adjust your assumed inflation rate for future years.

Do You Consult With People Individually?

I consider myself to be financially illiterate, and I just read your book. I took notes and tried very hard to understand it, but there's so much I missed. I'm 60 years old, and I can use someone to put together a flowchart for me of my options over the next 10 years. I'm approaching either a lifelong separation or separation and eventual divorce, so I'll have to consider all my options. Do you consult with people individually, or do you know of someone who does? Thanks.

June

Hi June,

Does Your Software Allow You To Do What-If Scenarios With Regard To Dates Of Work Stoppage?

I HAVE A QUESTION REGARDING YOUR MAXIMIZE YOUR SOCIAL SECURITY SOFTWARE, DO THE WHAT IF SCENARIOS ALLOW FOR DIFFERENT DATES OF WORK STOPPAGE VERSUS COLLECTING SOCIAL SECURITY. EXAMPLE , MY WIFE IS 60 (AND DIDNT WORK FOR 12 YEAR, AGES 35-47) , IS HER AGE 67 BENEFIT REDUCED IF SHE COLLECTS AT AGE 67 BUT DOESN'T WORK AFTER AGE 62 ? IS MY BENEFIT AT AGE 70 THE SAME, WHETHER I WORK TO AGE 66 AND TWO MONTHS OR WHETHER I WORK TO AGE 70.

How Does Your Software Account For Life Expectancy?

I listened to you on Josh Jalinski ...

You make the case to wait 'til 70 ... how do health issues and life expectancy factor into your counsel to 'be patient'?

Of course no one knows when they will die, but based on life expectancy tables, family history, and current health conditions, I expect to die 10 years earlier than average, likely in my early to mid-70's. Longevity isn't in my genes.

Would Your Software Show What Would Happen If My Wife Filed At Age 62 And I Filed For A Spousal Benefit?

I was born 7/9/55 and my wife was born 3/27/59, and I am the higher earner I'm wondering a what if she filed for SS at age 62 and I filed for a spousal benefit (after I was at FRA) at age 66.2 how would that compare to if I filed at age 70 and my wife at FRA 66.10.

Does your software show you the comparisons ?

Thanks,

Joe

Hi Joe,

Can You Help Me?

I tried to by your product but my country of residence was not listed. I have a specific question regarding WEP windfall and the affect it will have on my benefits and my German spouses. I will have 35 years combined payment into the Germand and US system. 21 years US and 14 years Germany. I really need your help and am willing to pay. Can you help me?

Hi,

Does The Software Consider Disabled Child's Benefits When Evaluating Filing Options For The Parents?

https://maximizemysocialsecurity.com/how-are-disabled-adult-childs-benef... suggests "running the maximization software available on this website in order to explore all of your potential filing options." Does your software include/consider DAC SSDI benefits for a disabled adult child when evaluating filing options for the parents?