Check out opensocialsecurity.com, a highly regarded free calculator, to determine the strategy that will result in the maximum lifetime income. You can also determine how much you reduce your lifetime income by choosing different claiming dates. Google open social security created by Mike Piper for reviews of the calculator.
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I’m unclear how his $16,450 standard deduction fits in. Can’t that just be added to determine when he social security would become taxable? Thanks.
Post: Losing Benefits
Link to comment from March 27, 2024
VTIP is down 4% YTD, and VIPSX is down close to 13% if I recall correctly.
Post: A Stronger Bond
Link to comment from September 28, 2022
Check out opensocialsecurity.com, a highly regarded free calculator, to determine the strategy that will result in the maximum lifetime income. You can also determine how much you reduce your lifetime income by choosing different claiming dates. Google open social security created by Mike Piper for reviews of the calculator.
Post: The Magic Number
Link to comment from August 27, 2022