Social Security Optimizer:Boss
| Category | Price | Seller | Device |
|---|---|---|---|
| Finance | Free | Sawhney Systems, Inc. | iPhone, iPad, iPod |
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.
Reviews
Excellent
leda towne
I am using it to compare total lifelong benefits at ages 65 to 70 and to know what impact it might make if I were to retire from my job now or later. You do have to provide your numbers but the app is fast and clear with its results. The line charts are very helpful.
Simple & worthwhile
runte.araceli
Simple way to compare your age options for social security benefits. It does include cash flow charts as well. Good design.
Excellent Income maximizer
Idelle Kobelt
Excellent planner. I have been using it now for over a month helping friends decide on when to start social security. All well thus far.
Great!
Timofei Bucklee
Excellent app for comparing the available benefits for singles and married couples at different ages after they reach 62. It is particularly useful if you are still employed or in active business as it does address the taxability of social security benefits in light of other income.
Excellent!
Luke Clancey
Quick & easy way to compare social security benefits you can have at retirement
Excellent
HerRiefgg6666
It was very helpful in my deciding when to start taking the benefits. I am pleasantly surprised that it is a free app.
Excellent
LaGrysSSSSSSSS
Almost perfect app for computing and comparing benefits available at retirement.
Excellent essential app
RETIX444
This app is simple and to-the-point in analyzing and comparing your options for when to start drawing social security benefits. It also produces an excellent pie chart showing how much of your living expenses is satisfied by social security.
