Social Security & Retirement
Retirement Financial Modeling
Archived App
This is an archived listing of the app previously available on the App Store.Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.
About
This app models your financial future to help you plan for retirement. It estimates when you can retire, how much you can spend, and the impact of Social Security benefits and taxes on your savings.
What's New in Social Security & Retirement
1.0
December 6, 2021
In-App Purchases
$2.99
SS&R File Access
Enables saving/reloading 3 sets of user data
FAQ
When can I retire using Social Security & Retirement?
Social Security & Retirement helps you answer this by projecting your financial future based on your income, expenses, assets, and anticipated Social Security benefits. It models various scenarios to estimate your retirement readiness.
How does Social Security & Retirement calculate Social Security benefits?
The app incorporates key Social Security rules, including worker, spouse, and widow(er) benefits, the impact of working while collecting, and the effect of the age at which benefits begin. It also considers options like file, suspend, and restart.
What IRS rules does Social Security & Retirement incorporate?
It models single/married status, wage/self-employment income, the taxable portion of Social Security benefits, Required Minimum Distributions (RMDs), capital gains, and FICA/Medicare taxes. It assumes standard deductions and fixed federal tax structures indexed to cost-of-living changes.
What financial data do I need to input into Social Security & Retirement?
You'll need to provide birthdays, marital status, monthly income (work, pensions/annuities), expenses (mortgage, other), and asset details (non-retirement, retirement accounts like IRA/401K, Roth). You can also specify cost-of-living and investment growth rates.
Does Social Security & Retirement support different investment types?
Yes, it allows you to input non-retirement and retirement assets, including tax-deferred (traditional IRA/401K) and Roth accounts. It also models capital gains and losses on non-retirement assets.
How accurate are the projections from Social Security & Retirement?
The app aims to provide estimates by incorporating complex interactions between income, savings, taxes, and Social Security benefits. Projections extend into retirement years, but accuracy depends on the input data and the assumption of fixed tax structures.
What devices is Social Security & Retirement available on?
Social Security & Retirement is available on iPhone, iPad, and iPod. It is designed for Apple mobile devices.
How often is Social Security & Retirement updated?
The app was last updated on December 6, 2021, with version 1.0. Further update frequency is not specified in the provided data.
