Social Security Optimizer vs My Security Benefit

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.

With the My Security Benefit app, you will be able to quickly and conveniently manage your existing Security Benefit mutual fund retirement accounts—providing easy anytime access to a full suite of retirement planning tools! Use the My Security Benefit app to: • Calculate and estimate your retirement income needs • View account balance, year-to-date contributions, and rates of return • Change your investment mix, and view investment performance • Determine your own personal "score" in real-time so you can create, adjust, and optimize your retirement plan actively and accurately. Note: My Security Benefit App is designed for use with our mutual fund employer sponsored retirement accounts and IRA mutual fund accounts (not for annuity contracts). If you encounter an error or have a feature request, let us help you one-on-one. Please contact us directly at 800.747.3942. Disclosure: This is not an offer to purchase a security. All brokerage services are provided by your local independent financial representative. Services are offered through Security Distributors, a subsidiary of Security Benefit Corporation (Security Benefit). Security Benefit is not affiliated with your brokerage firm or its representatives.