mathjak107
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 27, 2005
- Messages
- 6,205
fidelity introduced a new tool for in house use for optimizing social security benefits .
within days they had to pull it back since the rules changed on file and suspend and restricted application .
so they cancelled our appointment .
well they re-introduced it and we had our consultation today .
just got back from our meeting at fidelity .
we ran a few different scenario's . they run an average life expectancy and an extended one .
the most optimized involved me delaying to 70 .
to give you an idea what it calculated here is the plan. no cola's are added in to these numbers .
i am 63 and my wife 2 years older.
so here is what they have .
my wife is collecting the last 3 years ever since she was 62 . the plan has her stopping in august of 2016 and suspending her early benefit of 707 a month ..
she resumes her benefits in august 2020 when she is 70 at 933.00
i file a restricted application against her record for spousal at 471 per month at age 67 and 10 months , i am 63 now .
i switch to benefits on my record at 70 getting 3345.00 per month .
my wife adds a spousal benefit to her benefit when i file bringing her up to 1258.00 a month .
it really shows how complex things can get if you want to maximize your benefits and reduce dependency on markets and interest rates .
within days they had to pull it back since the rules changed on file and suspend and restricted application .
so they cancelled our appointment .
well they re-introduced it and we had our consultation today .
just got back from our meeting at fidelity .
we ran a few different scenario's . they run an average life expectancy and an extended one .
the most optimized involved me delaying to 70 .
to give you an idea what it calculated here is the plan. no cola's are added in to these numbers .
i am 63 and my wife 2 years older.
so here is what they have .
my wife is collecting the last 3 years ever since she was 62 . the plan has her stopping in august of 2016 and suspending her early benefit of 707 a month ..
she resumes her benefits in august 2020 when she is 70 at 933.00
i file a restricted application against her record for spousal at 471 per month at age 67 and 10 months , i am 63 now .
i switch to benefits on my record at 70 getting 3345.00 per month .
my wife adds a spousal benefit to her benefit when i file bringing her up to 1258.00 a month .
it really shows how complex things can get if you want to maximize your benefits and reduce dependency on markets and interest rates .
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