It calculates what you should save, spend, and insure to maintain your households living standard through time. Our maximize my social security and maxifi planner services store your demographic and financial data in an amazon web services managed database. I have a child in care benefits situation for a lady that is younger than any age available on your social security tab for accepting social security benefits. Maxifi planner is the latest, very userfriendly version of our tool. Maxifi, formerly esplanner basic, is the best free retirement calculator we could find. The social security administration ssa provides a variety of online tools to inform individuals about the claiming decision and the program rules that may affect it. Data is transmitted and stored in encrypted format and is only accessible by our application servers. How does esplanner differ from your maximize social.
This site provides information to financial planners regarding the various social security programs and medicare and is a valuable resource in helping your clients plan for retirement or other life events. How to maximize your social security benefits the motley fool. Maxifi planner is a powerful new personal financial planning tool. Esplanner including plus and pro is fullfeatured planning software that includes social security benefit calculations based on your actual earnings history. This is not a social security administration website. Free tools for optimizing social security benefits wsj. Esplanner and all other products provided by economic security planning, inc.
Many investors get so caught up in retirement investing they overlook an entirely obvious retirement factor social security benefits. Jul 23, 2015 created as a partnership between entrepreneur and software expert bill meyer, and the highly reputable financial planning researcher bill reichenstein who has published extensively on social security strategies in the journal of financial planning, ss analyzer is built to gather detailed information about the clients social security. Jul 21, 2011 social security tools can help maximize benefits. Maximize my social security covers all cases and helps you decide when and how to collect retiree, spousal survivor, divorcee, parent, child and disability benefits to achieve the highest lifetime benefits. Maxifi planner smarter personal financial and retirement. And the assumptions about the future that it makes and that users input may prove false. Social security tools can help maximize benefits marketwatch.
The maximize my social security software allows you to put your earnings history into the system, and then run scenarios to figure out the best. Social security offers online applications for retirement, spouses, medicare and disability benefits. The suggestions and recommendations provided by economic security planning, inc. Comparing the 2 leading social security calculators can i.
Approach social security armed with knowledge about how the system works, and youll be more likely to maximize your benefits. Analyze my divorce settlement is a product of economic security planning, inc. Social security pro powered by social security advisors. It tells you precisely which months you should collect retiree, spousal, survivor, divorcee, parent, and child benefits to. It can also raise your living standard by finding ways to increase your lifetime social security benefits, lower your lifetime taxes, and make other smart financial moves. Oct 21, 2016 an introduction to software that will help you get the most out of social security. A single person only has to consider nine different scenarios when claiming retirement benefits. Deciding which social security benefits to take and when to take them is one of the most important and complex decisions you must make. Maximizes lifetime social security benefits our advanced software finds the best strategy to increase lifetime social security benefits. Sure, theres plenty of financial software out there that can help you. Prior to 2010, when social security imposed the 12month limit for withdrawing an application and repaying benefits, it was often advised that people who didn. Maximize my social security was ranked by the wall street journal as one of. The maximized plan in maxifi planner includes the exact same accurate and comprehensive social security optimization we have in our maximize my social security mmss tool. Jun 04, 2017 marriage can make life easier, but not when it comes to social security.
Maximize my social security and its derivative products are simply tools for helping you think through your economic futures. How maximize my social security works bam esplanner. Maxifis optimization engine runs thousands of scenarios to find safe ways to raise your standard of living by. Free online tools for optimizing social security benefits weve testdriven five of them for you. How to maximize your social security benefits the motley. Information for financial planners social security. Economic security planning financial software, strategies. Introduction to maximize my social security youtube. Larry answers social security questions every week in his ask larry column on the pbs. If youve focused all your retirement planning energy on your 401k, you may be missing a key piece of the puzzle. The best free social security claiming calculators. How married couples can maximize their social security.
Fortunately, there are free tools and websites to optimize your social security benefits, and you should add this search to your other retirement planning efforts. Maxifi software represents the next chapter in our companys story as we move more aggressively online to bring the full. Can maxifi software help me if im nowhere near retirement. Its the only software powerful and accurate enough to calculate your highest sustainable living standard starting today with a plan to maintain and raise that amount for life. Maximizing social security benefits special report. This calculator takes the guess out of when to take social security benefits. Maximize my social security is an online software that allows you to compare the amount of social security you will receive using different claiming strategies. It shows you annual and lifetime projections of income and spending so you can see how you can make your money last through retirement. Only the social security administration can tell you precisely the benefits to which you will be eligible or are eligible and the amounts you will receive. Let us help you obtain your maximum social security benefit. Our esplanner products let you enter you own selection dates, but they dont internally calculate which dates are best.
You input income sources such as social security and pensions. Whether its choosing careers, switching jobs, taking social security, managing retirement accounts, downsizing your home, or moving states, esplanner can find safe ways to significantly raise your living standard. This act changes the rules regarding file and suspend and free spousal strategies. Our esplanner software does show the possible implications for a households living standard.
Financial advisors can purchase our pro version to help their clients. It takes into account the widest variety of household configurations. Maximize my social security and its derivative products provide neither. Maximize my social security was developed by boston economics professor larry kotlikoff. The ssanalzyer makes it easy to give quality advice on. Dec 04, 2016 maximize my social security provides expert analysis, suggesting which benefits to claim and when in order to maximize your lifetime benefits. Esplanner is our acclaimed lifetime financial planning tool. Work with the experts who can help you personalize a strategy thats right for you. These and other leading media companies have repeatedly discussed the companys powerful, economicsbased approach to personal financial planning. Aug 23, 2016 another key utility in the new generation of social security software is breakeven analysis, that is, the time period it will take to justify delaying taking social security. Please add that situation to your programming to dos. But wait, it was only half what the other calculator reported.
Esplanner s creators are not certified, registered, authorized, or any other form of financial planners. Maximize my social security is a tool developed exclusively by economic security planning, inc. It typically considers tens of thousands of alternative collection strategies before suggesting the one that maximizes your households lifetime benefits. We no longer offer a simplified, free version of our financial planning tools, and invite you to instead try our powerful, fullfeatured next generation software. Maximize my social security is a powerful tool that offers personalized social security withdrawal strategies based on your real earnings history, expected future earnings and expected lifespan. Sequence and time spousal and retirement benefits for grandfather under prior law. The social security benefit estimates produced by maxifi planner are just that estimates.
We understand the nuances of social security, and we can help you determine your best strategy for collecting benefits in line with your retirement goals. Our core economic security computation engine has powered many generations of software products such as our flagship desktop product, esplanner, as well as online tools like maximize my social security and esplanner basic. How to maximize your social security benefits consumer. The social security benefit estimates produced by esplanner are just that estimates. Maximize my social security was ranked by the wall street journal as one of the two best social security optimization tools on the market. Our advanced software finds the best strategy to increase lifetime social security benefits. Like any software products, economic security planning, inc. Under the hood, maximize my social security is extremely careful in capturing social security s incredibly complex provisions.
Esplanner economic security planner revolutionary financial planning. It tells you precisely which months you should collect retiree, spousal, survivor, divorcee, parent, and child benefits to achieve the highest lifetime benefits. Your software is what i have been looking for the past few years. Accurate and comprehensive, our software handles difficult. Understanding your options and our calculations maximize. Esplanner and maxifi planner feature comparison economic. I also use maximize mysocialsecurity which shows me as eliglible between. In my test drive of the software, for instance, the calculator suggested by waiting to claim social security at age 70, the benefit would cover. Either way our goal is finding safe ways to maximize your highest sustainable living. Increasing your income by asking for a raise or earning income from a side job will increase the amount you receive from social security in retirement.
Dec 21, 2016 another key utility in the new generation of social security software is breakeven analysis, that is, the period that it will take to justify delaying taking benefits. Do i need both maxifi planner and maximize my social security. Feb 22, 20 i can suggest ways to maximize your social security, but im not qualified to tell you whether thats best for you. It does things none of the other free retirement calculators do, and it ranks high on our retirement calculator scorecard in all three categories of accuracy, usability, and education. Social security income planner allows retirees to explore additional retirement planning options using available social security claiming strategies. Maximize social security retirement and spousal benefits. When you plug your numbers into this easytouse system, you can quickly find the best withdrawal strategy and compare several scenarios to make the. Maximize my social security software bam esplanner. A comparison of free online tools for individuals deciding.
Sep 02, 2016 there are some great online tools that help you do the math on the best social security strategy. Selecting the right strategy for when to claim social security will pay off for years to come. Getting divorced before you have been married for 10 years, which may deprive you of divorced spousal and divorced widower benefits. Esplanner and its derivative products provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.
I was running my eye down the column of numbers generated by the 2nd wellrespected calculator. Esplanner and maxifi planner feature comparison please note this is a highlevel overview of key features and does not distinguish between different editions of the software. The maximize my social security program does just one thing very well. Maximize my social security is a separate, standalone program that searches over thousands of benefit collection date options to find the one that produces the highest present value of lifetime earnings. You can influence your eventual payout from this safe, dull oldage safety net to a surprising degree by making. Maxifi provides a comprehensive, accurate financial plan.
To help individuals facing this complicated decision, various groupsfrom the government to financial services firmshave developed free online benefit calculators. It finds the benefit collection strategy that will give you the highest lifetime benefits. We have revised our algorithm to bring it into conformity with the changes to social security that were part of the bipartisan budget act of 2015 enacted on november 2, 2015. Its a financialplanning question, so you may want to consult a financial planner.
Any suggestions should be viewed as informative inputs into your own decisionmaking with respect to saving and the purchase of life insurance. With the ssanalyzer, you get more advanced features and. Economic security planning, inc financial software, strategies, and. We are continually improving our software and make updates available to our customers as soon as they are completed and have been tested. Taking social security at age 62 may cost you the balance. Accurate and comprehensive, our software handles difficult calculations that other calculators dont. Our software is now fully updated to account for these new rules. My colleagues and i have developed pathbreaking and widely acclaimed software tools to dramatically improve personal financial planning. Esplanners creators are not certified, registered, authorized, or any other form of financial planners. Sit back and let our experts use our patented softwareeconomic security plannerto find ways to raise your living. Press for maximize my social security analyze my divorce. Welcome to maximize my social security a simple, but comprehensive tool designed to help households, regardless of their circumstances, get the highest lifetime benefits from social security. It shows you annual and lifetime projections of income and spending so you can see how. Maxifi planner offers the additional context of a full, lifetime financial plan so you can see, and adjust, the real impact on your lifetime living standard.
Maximize my social security uses the information you enter on the noncovered earnings screen along with the past and future covered earnings screens to calculate all of these effects of the wep and the gpo. So whether its saving, insurance, social security, retirement, career, divorce. Thats a big deal, as social security income is critical to most. Otherwise please purchase the product, during which process an account will be created for you. If you have already purchased maximize my social security, enter your user name and password to use the tool. Maximizing your social security benefits will require some good planning and decision making. Maximize my social security when should i take social. Everything aokjust ran the data and it makes sense. Maximize my social security maximize my social security. Social security advisors dedicated to maximizing social security benefits for our clients through customized social security strategies. It covers just about any social security claiming scenario you might encounter, from child benefits to whether youre a divorcee, parent, retiree, spouse, or survivor.
Purchase bam maximize my social security esplanner. Maxifi planner and its derivative products provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals. From esplanner, a leading social security software provider. Maximize my social security is one of the two best social security tools. The entire community of financial professionalsfinancial planners, investment advisors, accountants, lawyers, bankers, insurance agentsare buying maximize my social security for use with their clients. Finds the best social security filing strategy to get the highest benefits for you and your spouse.
150 1063 94 1140 782 1186 1591 47 1246 1518 1129 1410 43 296 444 874 428 1384 1439 539 1425 748 1538 441 512 611 1617 1338 1172 1043 1152 633 333 1185 583 1300 813 1073 988 236 257 704 1216 851