Suggestions

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start date for drawing Social Security depending on financial conditions

Add the option of starting Social Security (SS) payments depending on a financial metric such as Liquid Net Worth, Net Worth, etc. That way I could hold off on starting to draw SS as long as possible to maximize benefits. As part of this, we need to be able to enter the estimated Social Security payment for all ages between 62 to 70 in yearly increments. Currently, it is too difficult to do what-if analysis of starting age for social security because you have to overwrite your SS payment when you change the date of starting SS.

Related: www.experian.com/blogs/ask-experian/what-is-social-security-bridge/

4 votes

Tagged as Suggestion

Suggested 31 August 2024 by user Gary Kline

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  • 31 August 2024 Gary Kline suggested this task

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    This feature could be very useful for Probability of Success (Monte Carlo) simulation. If your investments have done poorly for some reason, you can start SS as a safety net and possibly avoid bankruptcy.

    31 August 2024
  • 01 September 2024 Kyle Nolan approved this task