About Social Security Optimizer
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...
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.
Previous Versions
Here you can find the changelog of Social Security Optimizer since it was posted on our website on 2019-07-12 22:00:27.
The latest version is 3.7 and it was updated on 2024-04-27 00:24:04. See below the changes in each version.
Social Security Optimizer version 3.7
Updated At: 2024-04-19
Changes: Highlights of this version include-
• Minor computation modifications
• Enhanced data input menus
• Expanded trial usage for new users
Social Security Optimizer version 3.6
Updated At: 2024-03-06
Changes: Highlights of this version include-
• New prompts and refined titles
• Enhanced data input menus
• Expanded trial usage for new users
Social Security Optimizer version 3.5
Updated At: 2023-11-29
Changes: Highlights of this version include-
• Enhanced social security benefit related data menus
• Enhanced result presentation on main screen
• Expanded trial usage
Social Security Optimizer version 3.5
Updated At: 2023-11-29
Changes: Highlights of this version include-
. Enhanced social security benefit related data menus
. Enhanced result presentation on main screen
. Expanded trial usage
Social Security Optimizer version 3.4
Updated At: 2023-11-09
Changes: Highlights of this version include-
. Enhanced data input menus
. Enhanced result presentation on main screen
. Expanded trial usage
Social Security Optimizer version 2.5
Updated At: 2022-03-16
Changes: This release includes-
. Updated file system to save, load and email plans
. Enhanced result presentation on main screen - color coordinated graph lines with selected retirement age options
. Automatic switch from spouse’s own benefits to higher spousal benefits when payments at a later date, if applicable
Social Security Optimizer version 2.4
Updated At: 2022-01-03
Changes: . Analysis now optimizes benefits by automatically switching from spouse’s own benefits to the higher spousal benefits, if applicable
. Improved result presentation on main screen - color coordinated graph lines with selected retirement age options
. Option to retrieve last plan while starting a new plan
. Enhanced tablet screen presentation
Social Security Optimizer version 2.1
Updated At: 2021-08-11
Changes: This update includes-
. Optimized switch from spouse’s own benefits to higher spousal benefits when payments at a later date, if applicable
. Improved result presentation on main screen - color coordinated graph lines with selected retirement age options
. Option to retrieve last plan while starting a new plan
. Enhanced tablet screen presentation
Social Security Optimizer version 1.21
Updated At: 2020-11-17
Changes: . Enhanced presentation of results on main screen - color coordinated chart lines with retirement age options
. Automatic switch from own benefits to higher spousal benefits when the spouse starts payments at a later date, if applicable
. Option to retrieve last plan while starting a new plan
. Minor fixes
Social Security Optimizer version 1.19
Updated At: 2020-07-13
Changes: . Automatic switch from own benefits to higher spousal benefits when the spouse starts payments at a later date, if applicable
. Option to retrieve last plan while starting a new plan
. Modified app startup options
. Modified data entry format for Other Income for determining taxability of Social Security payments
. Minor fixes
Disclaimer
Official Google Play Link
We do not host Social Security Optimizer on our servers. We did not scan it for viruses, adware, spyware or other type of malware. This app is hosted by Google and passed their terms and conditions to be listed there. We recommend caution when installing it.
The Google Play link for Social Security Optimizer is provided to you by apps112.com without any warranties, representations or guarantees of any kind, so access it at your own risk.
If you have questions regarding this particular app contact the publisher directly. For questions about the functionalities of apps112.com contact us.
