Social Security Benefits Optimizer
This is a critical retirement decision. You may start as early as 62 but the payment reaches full potential at your Full Retirement Age as set by the Social Security Administration. The monthly payment can grow even further if you decide to wait till age 70. It is nice start getting the funds sooner than later but does it really work out better?
The answer depends on how long you plan on working, marital status, life expectancy, inflation and other factors. A careful analysis is needed to make an informed once-in-a-lifetime decision. This app, Benefit Optimizer for Social Security (Boss) is developed to help you evaluate such important factors and analyze your options.
Boss is designed by financial planning specialists who have been serving professional planners with comprehensive solutions for decades. The essential elements needed to analyze the benefit options are packed in a simple app that can be used by all potential retirees.
Some of the key features of Boss include-
• Benefit profile of Singles
• Benefit profile of Married couples
• Compare options
• Minimal data needs
• Condensed and detailed results
• Tabular or graphic reports
• Break-even analysis
• Cash needs fulfillment analysis
• Income tax impact analysis
• Future value analysis
• Fully documented operation
· Boss displays full-span reports & Graphs that can also be printed:
• Monthly Benefits
• Annual Benefits
• Cumulative Benefits
• First Full Year
• Monthly Payment Graph
• Option Comparing Graph
• Cash Needs Fulfillment Pie Chart
Quick & Easy
Analysis with Boss is quick and simple. All you need for an essential analysis is a birth date and the benefit amount at full retirement age (FRA). The Social Security Administration provides the FRA amount to social security payers periodically. With these two data items entered you are ready to analyze. Pick an eligible month and year to view benefit details. Enter different option and view the comparative results and line graphs for an easier grasp of projected results. This simple exercise can now be expanded with other factors such as the inflation rate, life expectancy, rate-of-return, expenses and tax related information.
Use with confidence
You can use Boss with complete confidence for the security of your data and the integrity of computations. Your data stays in your device all the time until you delete it.
Boss is developed and supported by a team of professionals located in USA that have been providing applications to financial planners for over three decades.
Category : Finance
Reviews (24)
It was confusing in deciding when to start taking social security; early money is always considered good but waiting longer could make it bigger and better. This app helped me quantify my options and helped me look at projected lifetime benefits under varying circumstances. This is a well done app!
I was told I could get about $2,800 a month as social security benefit now or take over $3,000 in a few months. It was a dilemma that remained confusing until I was told to check this app out. This app calculates your starting benefits at any age over 62 and projects over your life taking into account inflation and longevity that you can pick and change. This is an excellent app that everyone should use in the process of deciding on once-in-a- life option.
Great app for rapid analysis of social security benefits. It requires minimal data input and produces in-depth analysis with amounts and graphs. Results are easy to understand and nicely presented on one screen.
This app saves you time and effort to look up lots of social security tables to get your benefit at various retirement ages. It does it for you and compares the sum of lifetime benefits under different options. It can also analyze the tax impact on other income. Good app.
This efficient app helps you analyze the bottom line difference of starting the benefits now or taking some more by starting it later. It also has other variables that can show how the effects of inflation and longer life.
Not good enough for use. bought the upgrade and used it once but not good. then I tried to use again and it acts like I did not buy the upgrade. waste of time and money to try and get any thing out of this app.
What a great thought has been put into this app, really helpful! I recommend everyone to spend a few minutes with it before making the final decision. It is free!! Happy using this app.
If your need for retirement benefits of social security are simple, I.e single or married then this is the best app out there for analysing your projected amounts over time.It is simple and efficient and awsome application and easy to use
This app produces an excellent pie chart showing how much of your living expenses are satisfied with social security. I love using this app and I'd recommend it all my friends and family.
This secure app makes managing your health benefits easy through real-time access and intuitive navigation to all your important account information on the go.
Love what this app does, I used it to review the recommendations made by company planner and was comforting to confirm it with approximate numbers. App results were fairly close.Thanks to whoever made this
Great app for calculating social security benefits at different age points and under different inflation assumptions. Huge timesaver and, surprisingly, it is free!
Exceptional analysis for age base social security benefits for everybody. Simple and nice design. So easy to use.
Wonderful simple app that helped me understand the financial consequences of taking my benefits at different ages. I highly recommend it.
Very informative. My benefits are on the way. Use this app to get your information handled.!
This app provided me with an excellent place to start in deciding when it will be best for me to start taking the payments. Good free app for such purpose.
Analysis with this app is very easy, it is so quick and simple, I can have all the information related to my social security benefits in one place.
This good app provided me with the comparisons I wanted among my choices for the retirement age.
Outstanding! simple, efficient and understandable analysis
this App is so confusing I wasn't even able to fill out the information it was wanting to know !!
free version was ok but paid version fell short of expectations.
It helped me confirm and reaffirm the benefit drawing month I had already decided on. Thanks guys!
zero functionality unless you purchase the upgrade.
I was looking around to find a way to compare the long range impact of starting on social security now at 63 or waiting till age 70. A friend suggested this boss app. It turned out to be just the calculator I needed. It is and excellent app to analyze all your opinions in no time. It has good graphis as well. I suggest everyone in such situation to give it a shot