I'm contemplating leaving full-time employment and taking a contractor job. That would be paid as 1099 wages. I see that ESP+ has a tab for self-employment income which is where I assume I'd record those earnings.
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With the end of spousal benefits, I am trying to figure out some options before ESPlanner is ready with an update. In the course of this, I'm realizing how little my work history will matter.
We were going to use this strategy since we have an adult daughter with a severe disability. So...since this strategy won't be available to us(neither my husband nor I is 62 this year), I'm wondering why wait until 70 to retire?
I am 64 and plan on retiring next year around my 65th birthday. My FRA for Social security is 66. My wife is 5 years younger than me. She has a much smaller SSA benefit amount based on her own record, so we will use her spousal benefit.
Frequently we are looking to do what-if analysis and a primary activity is moving different planned "Special Expenses" to different years to examine the effect of this. Currently in the Special Expenses panel you can edit the text/description, but not the year.
Just want to make sure I have this all straight --
Income is the total income from all sources (wages, investments, SS, Real Estate)
Larry Kotlikoff posted this at PBS Newshour yesterday, Oct. 27.
Not good news for those of using spousal benefit!
I am a couple years away from retirement and recently moved to Canada with my wife - she is Canadian. When specifying the Family Information, I need to enter a State. Since I'm not living in the states anymore, is there a way to specify state as none or foreign?
For a Monte Carlo report, in the % Distribution Of Living Standard Report, why is the Living Standard for ALL percentiles below the Living Standard that is labeled, "Specified Mean Real Return" Living Standard?
How do i find the answer to a question I asked today ?
received a tracking number, but that is no help
Do I search on "how do I" as a topic ?
Does "save" post the question or is there some other button to use ?
When we are creating different profiles there is a danger of some parameter not being as expected. Reviewing parameters between profiles is very tedious going from one panel to another and looking at all the fields.
I am 65 and currently covered under my employer’s high deductible health care plan. The company has more than 20 employees. I plan to continue working and begin accepting Social Security spousal benefits at 66. Am I required to enroll in Medicare Part A if I accept spousal benefits?
All my earnings over the past 44 years (I am currently 61 and retired) were social security covered. I never worked in any state jobs.
It would be great if we could insert notes into profiles to describe the changes, updates and status of profiles that we use.
Thanks for fixing 2.31.0 and its error in pasting SS past earnings data. However, as a professional user we don't get access to the SS pages that our clients access to pull their data.
In the Assets and Savings folder, Current Savings tab, the text refers to the 'coming year'. Does this mean the upcoming 12 months or does it mean the next calendar year?
When I load my wife's Pension, the income decreases each year, even though I check "Today's Dollars."
I am 69 and receiving SS since I turned 66. My wife is 64. She and I will retire next year. She will postpone SS until she is 70. I thought she was eligible for SS spousal benefits, at about half her eventual benefit, beginning at her age of 66.
When I set up a plan for my wife and myself it will not allow me to show a retirement date prior to the current year. My wife retired in 2013 and I did in 2014. Perhaps it really does not matter that much but it seemed odd it would not allow for an accurate date in the past?