When to start taking your Social Security benefits? 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.
Ivan
Super.
This program gives bad numbers. Use with caution.
There are bugs in this program. You should use with caution. The reports show me and my spouse getting social security BEFORE the dates input into the program for benefits to start. If you put in your birthdate and then ask for benefits to start at age 66 and 6 months, the reports show those benefits starting at age 66. Fortunately I only lost $1.99 on this. But this is a seriously bad bug that could cost you thousands of dollars over your lifetime if you make decisions based on the reports in this program that can’t be changed down the road.
Good, but cannot print/save report
Easy to use app, visually helpful to understand, fast. The “email” function/button shut down the app, which is very annoying. Also can’t save, which greatly limits use. Please fix the shutting down when clicking email.
Thanks
One of the best apps for information
Extra work
In the end, you have to go to the Social Security website to get the numbers anyway, if you could just make it a one stop shop, it would be better.
Cost
Wasn’t this app a one time purchase and is now annually?
Special Agent T.D.Reeves US Marines Corps Secret Service
I was really hoping that Boss app would recognize me as the United States Secret Service Federal Economics Agent and a U.S. Secret Service Fiduciary Agent as well as a US Secret Service secret us service special agent / Technician and realize that I have been volunteering since selective service registration
This version includes- • Minor computation modifications • Enhanced data input menus • Expanded trial usage for new users
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