Finance Dave
Thinks s/he gets paid by the post
- Joined
- Mar 29, 2007
- Messages
- 1,864
I searched and investigated SS claiming strategy tools on this website, but some are no longer around (like the Blackrock tool) and others have started charging, etc. Thought it would be good to have an updated thread.
Wife is 62, I'm 58. Starting to think about when to file. We can afford to wait...our desire is to maximize NPV. Lots of complications, such as the fact that delaying may allow more years to do Roth conversions to drive down RMDs to minimize tax torpedo. Also, we are getting ACA subsidy, so need to watch our AGI until I'm 65.
Anyway, I've found the below four tools. Do any of you have experience with these or know of other tools? What thoughts/recommendations do you have? I want to be able to review scenarios and see what our best strategy is.
As a side note, my wife made about 70-80% of what I did most of our careers...so we don't have an obvious choice on strategy. I've already used the free tool below, but would like to see some other results too.
Thanks!
o https://www.ssanalyzer.com/site/index.php - Costs $300 and used by profssionals
o https://maximizemysocialsecurity.com/ - $40 per year
o Get more Social Security benefits with Social Security Solutions. - $50 if you want to compare scenarios…$20 without
o https://opensocialsecurity.com/ - Free online tool
Wife is 62, I'm 58. Starting to think about when to file. We can afford to wait...our desire is to maximize NPV. Lots of complications, such as the fact that delaying may allow more years to do Roth conversions to drive down RMDs to minimize tax torpedo. Also, we are getting ACA subsidy, so need to watch our AGI until I'm 65.
Anyway, I've found the below four tools. Do any of you have experience with these or know of other tools? What thoughts/recommendations do you have? I want to be able to review scenarios and see what our best strategy is.
As a side note, my wife made about 70-80% of what I did most of our careers...so we don't have an obvious choice on strategy. I've already used the free tool below, but would like to see some other results too.
Thanks!
o https://www.ssanalyzer.com/site/index.php - Costs $300 and used by profssionals
o https://maximizemysocialsecurity.com/ - $40 per year
o Get more Social Security benefits with Social Security Solutions. - $50 if you want to compare scenarios…$20 without
o https://opensocialsecurity.com/ - Free online tool