Social Security Optimizer:Boss

Name: Social Security Optimizer:Boss
Rating: 4.2 (1442 reviews)
Author: Sawhney Systems

Soc Sec age & benefit analyzer

Free · In‑App Purchases · Designed for iPad

1.4K Ratings
Ages

4+
Years
Category

Finance
Developer

Sawhney Systems
Language

EN
English
Size

16.1
MB

Deciding on when to start taking Social Security benefits? Boss provides you with an easy way to analyze your options before making an informed decision with confidence When to start taking your Social Security benefits? 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.

Ratings & Reviews

4.2

out of 5

1.4K Ratings

Not Bad
06/14/2018

ronone10
Overall, good tool to help you see the SS payments you potentially can receive at different ages. I checked with the govt SS site and the amounts are close enough. You input your FRA amount to start. I think there is a cal bug with the break even point. You can select another scenario to see how many years it will take if you were to wait between the two scenarios. I selected the first scenario at 69 yrs 11 months and the other at 70 yrs and it said 12 yrs for a break even point. Perhaps I did something wrong. Not sure???
Not Bad
06/14/2018

ronone10

Overall, good tool to help you see the SS payments you potentially can receive at different ages. I checked with the govt SS site and the amounts are close enough. You input your FRA amount to start. I think there is a cal bug with the break even point. You can select another scenario to see how many years it will take if you were to wait between the two scenarios. I selected the first scenario at 69 yrs 11 months and the other at 70 yrs and it said 12 yrs for a break even point. Perhaps I did something wrong. Not sure???
Excellent
12/06/2017

Carol Dee
Great planning tool for analyzing long term advantages or disadvantages of taking social security benefits at a time other than the full retirement age. It provides an easy way to do what-if analysis for married couples in determining when each spouse should start drawing the benefits. Interactive graphs are helpful.I found the app to be flexible for projecting post retirement years. You can analyze different life span for each spouse and under varying rates of inflation. This app serves a good purpose in helping you make an informed decision.
Excellent
12/06/2017

Carol Dee

Great planning tool for analyzing long term advantages or disadvantages of taking social security benefits at a time other than the full retirement age. It provides an easy way to do what-if analysis for married couples in determining when each spouse should start drawing the benefits. Interactive graphs are helpful.I found the app to be flexible for projecting post retirement years. You can analyze different life span for each spouse and under varying rates of inflation. This app serves a good purpose in helping you make an informed decision.
Easy to use and understand
12/12/2017

Jsedad
I used this app to analyze at what age it would be best to start taking my social security benefits. Input was straightforward. The help was very understandable and gave clear explanations of the fields and what they were meant for. The graphs of the produced results were visually impressive and helped understand the results. The cost of the upgrade was well worth the money. Overall, an excellent program to help you maximize your retirement benefits.
Easy to use and understand
12/12/2017

Jsedad

I used this app to analyze at what age it would be best to start taking my social security benefits. Input was straightforward. The help was very understandable and gave clear explanations of the fields and what they were meant for. The graphs of the produced results were visually impressive and helped understand the results. The cost of the upgrade was well worth the money. Overall, an excellent program to help you maximize your retirement benefits.
Very helpful
10/09/2018

zulauf romaine
Great app for comparing social security benefit startup options available when you reach 62 until the age 70. I used it to get a better feel of our results at different ages of each even though a professional planner is helping with the decision. A few minutes playing with your numbers could be quite revealing.
Very helpful
10/09/2018

zulauf romaine

Great app for comparing social security benefit startup options available when you reach 62 until the age 70. I used it to get a better feel of our results at different ages of each even though a professional planner is helping with the decision. A few minutes playing with your numbers could be quite revealing.

This version includes- • Minor computation modifications • Enhanced data input menus • Expanded trial usage for new users

Version 3.3

04/17/2024

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The following data may be collected but it is not linked to your identity:
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