New Social Security Rules Force Millions to Re-plan their Retirements and Collection Strategies
BOSTON, Nov. 20, 2015 /PRNewswire/ -- Laurence Kotlikoff, Professor of Economics at Boston University and President of Economic Security Planning, Inc., a personal financial planning software company, has announced a new, updated version of the company's highly acclaimed Social Security software Maximize My Social Security that helps individuals, couples and financial advisors determine the best collection strategies.
"Our software, which we believe to be the most comprehensive and accurate on the market, is now fully updated to include all changes in Social Security resulting from the 2015 Bipartisan Budget Act," Kotlikoff said. "The update handles all grandfathered situations, including the 180-day file and suspend window and the deeming window."
While the law's main changes involve reducing the usefulness of the file and suspend strategy for most people, the new rules make many collection strategies far more complex. So the need for Social Security optimization is, if anything, greater than ever.
The software also now covers all households with disabled workers collecting Social Security disability benefits based on their own records. This is in addition to already covering minor and adult disabled children who continue to collect based on a parent's record, When there are either minor children or disabled children, the program also continues to include child-in-care spousal benefits.
Maximize My Social Security is an online software program that helps individuals and couples decide when and how to collect retiree, spousal, survivor, divorcee, parent, and child and now disability benefits to achieve the highest lifetime benefits. The software, widely used by individuals, couples and financial advisors, incorporates all Social Security provisions and options for married couples, divorcees, singles and widow(er)s.
Maximize My Social Security makes the intimidating process of figuring out a strategy for Social Security as straightforward and easy as possible. It covers the most complex scenarios and presents results in a user-friendly, easy to understand report. The popular program is affordably priced at $40 for individuals and couples and $200 for financial advisors.
In December, the company is introducing a new streamlined and intuitive interface.
Maximize My Social Security's robust software incorporates the following items in its maximized filing strategies:
- Retirement, spousal, and survivor benefits
- Child, (including adult disabled child), divorcee, mother and father benefits
- Reductions for early retirement
- Re-computation of benefits
- Delayed retirement credit
- Family benefit maximum
- Windfall elimination provision
- Government pension offset
- Deeming provisions
- File and suspend & start, stop, start strategies
- Social Security's earnings test
- Adjustment of the Reduction Factor
- Now also handles adults receiving disability benefits!
Contact:
Jennifer Musico
David Ratner Publicity and Consulting
917-685-2516
[email protected]
SOURCE Maximize My Social Security
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