A client of mine wanted to know relative benefits of taking lesser Social Security payments sooner and investing the money at some investment rate. Does Social Security Maximizer allows a comparison along those lines?
A client of mine wanted to know relative benefits of taking lesser Social Security payments sooner and investing the money at some investment rate. Does Social Security Maximizer allows a comparison along those lines?
Hi Ken,
Yes, the Social Security Maximizer does allow you to compare that alternative. The way to do that is , choose “Specific Scenario Output” option. Over there, enter the start date (sooner) and change the discount rate to whatever rate of return you expect on the investment. That way you can compare the present value of that scenario with the one for maximized scenario.