Social Security on version 37.2
Submitted by sct980203 on Mon, 02/12/2018 - 16:24
I've been a steady user for the past 5 years and just renewed my subscription of ESP Plus. Comparing outputs after the upgrade to 37.2 for 35.2, I seem to have lost a considerable amount of SS benefits (from 34,636 down to 33,382). I don't recall any change to SS that would account for this change. I had already rolled forward to the new year and entered in the appropriate EOY numbers for my accounts. I made no changes to the file with the exception of updating Mutual Fund returns for 2017 (VTSAX, VBTLX, VTIAX). Then I just ran it.
Any idea what's going on with this loss in SS? Thanks.
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dan royer
Tue, 02/13/2018 - 09:46
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I can't think of why that
I can't think of why that would be off hand. There is a setting for "change in SS" that perhaps got changed on you? Did your earnings history change? I can ask our expert Mike here.
Mike OConnor
Tue, 02/13/2018 - 10:46
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Please upload your database
Please upload your database and identify which profile you're referring to.
Also, upload the complete pdf report of the version 35.2 results, be sure it is complete and shows all input, assumptions, and output.
I'll look into it.
sct980203
Tue, 02/13/2018 - 16:32
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Here are the files you
Here are the files you requested.
sct980203
Tue, 02/13/2018 - 16:32
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Here is the pdf prior to the
Here is the pdf prior to the 2.37.2 update.
dan royer
Tue, 02/13/2018 - 16:34
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Don't forget that PDF report
Don't forget that PDF report that Mike asked for. You can add that as well.
dan royer
Tue, 02/13/2018 - 16:34
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Actually, it's better to add
Actually, it's better to add this to a new support ticket where we can track it and get notifications.
tomindenver
Tue, 02/13/2018 - 19:08
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Please be sure to respond on
Please be sure to respond on forum as to what was wrong. I am interest as I would guess many other are. Thanks.
dan royer
Tue, 02/13/2018 - 20:05
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Yes, so Frank can maybe
Yes, so Frank can maybe report back.
Mike OConnor
Thu, 02/15/2018 - 14:21
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ESPlanner 2.37 included the
ESPlanner 2.37 included the 2018 annual updates of the Social Security parameters.
The National Average Wage Index only increased by 1.1% versus your estimated inflation of 2.7%. Since your index year is in the future, that means that your high 35 years of indexed earnings is lower in ESPlanner 2.37 than in ESPlanner 2.35. Hence, your Social Security benefits are lower.