My spouse is 69 and I am 67. I am currently getting spousal benefits and will get my increased benefit when I am 70. My spouse will get his benefit when he turns 70 this year. I put in my current monthly benefit and checked that I have filed for benefits but it did not include those benefits. I also left that out and told it to include the suspension, but didn't get any spousal benefits. How can I tell the software to include my spousal benefit? (I have uploaded both of our historical earnings) Thank you.
To ESPlanner programmers: I have a child in care benefits situation for a lady that is younger than any age available on your Social Security tab for accepting social security benefits. Please add that situation to your programming "to do's". Currently I am entering the annual amount as "Special Receipts". Is that the best way to enter the amount currently?
I do not want to lift my credit freeze to access my SS file but have the data entered into Maximize SS. Can I create a log file to copy and past into ESPlaner?
Is there a new 2017 release planned that contains new social security benefits, medicare costs etc?
We were grandfathered under the new rules. My wife filed and suspended (until her 70th birthday) her benefits by the end of 2015. I filed for a spousal benefit upon turning 66 in May 2016. I now receive a monthly payment. I will file for my benefits on my 70th birthday. I have tried many permutations but cannot discover how to input this properly. The reports omit any spousal benefit no matter what. What should I do?
I specified 7 annual roth conversions until I reach age 70 and I also specified that social security benefits would begin at age 66. The report correctly shows the first 3 conversions only. When I increase the social security claiming age to 70 then I get all the conversions. Is there a rule that roth conversions must end when social security begins?
We have been using ESPlanner for years trusting that it was accounting for the WEP calculation in our benefits. Our state pensions from non-covered employment are entered as "not covered" and our past covered earnings are accurate. Now as my wife is planning on taking SS in November we compared ESP's calculation of her annual benefit of $12481 against SS' calculation using the WEP Online Calculator. The online calculator comes out as $9960 annual benefit. ESP (if SS is to be believed) is not factoring in the WEP reduction. Any ideas?
Now that I'm looking closer, I notice that the Social Security dollar amount declines over time. It appears to be doing it at compounded rate of -3.03%. Inflation is set at 3.1% in my ESP. I'm assuming this is because ESP expresses future amounts in real dollars. Is the assumed inflation offset due to "annual" Social Security increases only valued at 0.08%? Is this a recent change or is something amiss?
My accountant informed me that the file and suspend game has been ended by congress, effective April 2016. It seems I bought a calculator from Esplanner to help me figure out the best way to maximize SS payouts. I wonder if there is an updated version. I'm 70 and have been receiving ss since I turned 66. My wife is 65 and she is working still. We were planning to have her receive spousal benefits at 66 then go on her benefit at 70. What do the new rules dictate we do to maximize our benefits?
It appears that ESP's Social Security capabilities do not model the case of someone who becomes a disability annuitant prior to retirement age. Is this true, and if so can you suggest a good way to simulate this through some combination of special receipts and the regular Social Security retirement settings?