Search found 3250 matches

by ObliviousInvestor
Wed Jun 20, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

If the input PIA is the user's true PIA (i.e., already accounting for WEP), there's no need for further WEP-related adjustments. I don't recall a "true PIA" on the SS statement. Indeed. The benefit estimate on statements is often not a person's real PIA. In addition to making specific assumptions a...
by ObliviousInvestor
Wed Jun 20, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Still not working for Safari (perhaps due to the lack of Java support in Safari?). But not a problem for me. I use Chrome. Hmm. I have your DoB inputs via PM. Did you change anything else other than those and the PIA inputs? Also, when you say it's not working, what exactly is happening? Do you get...
by ObliviousInvestor
Wed Jun 20, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

MaxiFi planner advises wife and I to both wait until age 70 to claim SS. Open SS calculator advises me to wait until 70 and wife to claim at 62. I think MaxiFi planner is looking at overall assets and deciding that we have enough to cover the gap between retirement and SS, therefore waiting until 7...
by ObliviousInvestor
Wed Jun 20, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Regarding bug reports, I need all the inputs provided please (month/year of birth, PIAs, etc.). For WEP calculations don't you need to know the number of years of Substantial Earnings? If the input PIA is the user's true PIA (i.e., already accounting for WEP), there's no need for further WEP-related...
by ObliviousInvestor
Wed Jun 20, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Updated as of 6/20/18 to include a few new things: 1) The calculator's "recommended strategy" output now sorts the recommendations in date order and provides monthly benefit amounts in addition to the NPV. 2) In the form to test an alternative strategy, there's now a box to check for "I won't be fil...
by ObliviousInvestor
Fri Jun 15, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Question: so you’re still working on the option to choose a different start date without having to enter spousal claiming? Because there’s no way DH would ever file for spousal, having already drawn SS for 4 1/2 years. I kept throwing different dates in there for spousal, and the results got strang...
by ObliviousInvestor
Fri Jun 15, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Update: The calculator now allows for situations in which one of two spouses has already filed, in order to get a suggestion for the other spouse. Important caveat: the concept of voluntary suspension is not yet built into the calculator. So in cases in which suspending benefits (for the person who...
by ObliviousInvestor
Thu Jun 14, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

JoeRetire wrote:
Thu Jun 14, 2018 6:04 pm
ObliviousInvestor wrote:
Thu Jun 14, 2018 1:40 pm
It also now allows for the selection of a specific "I will die at" age.
Nice work!

The results when using a specific age now agree with other tools using a similar method.
That's good to hear. Thank you for reporting back.
by ObliviousInvestor
Thu Jun 14, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

dconrath wrote:
Thu Jun 14, 2018 2:45 pm
I don't see the "It also now allows for the selection of a specific "I will die at" age." option in the standard or advanced input form yet?
It should be the final mortality option if the "advanced" box is checked.
by ObliviousInvestor
Thu Jun 14, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Update: The calculator now reflects withholding (and eventual benefit adjustment) for the earnings test (i.e., for people receiving benefits and working while under full retirement age). It also now allows for the selection of a specific "I will die at" age. The default mortality table has been upda...
by ObliviousInvestor
Tue Jun 12, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

There are a handful of other simplifications as well.

For example, for purpose of discounting, all benefits are assumed to be received in the middle of the year rather than discounting each individual month by the appropriate number of months using a monthly discount rate.
by ObliviousInvestor
Tue Jun 12, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Mike, Just out of curiosity, did you factor into the total benefit computations the initial benefit year's lower monthly payments that can result when claiming between FRA and 70 years. That is, when claiming after FRA but before 70 years, the SSA's uses only the accumulated DRCs as of January of t...
by ObliviousInvestor
Tue Jun 12, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I entered a spousal benefit. I wanted to see what would happen if I don't apply for a spousal benefit as an alternative strategy. However, when I left the spousal benefit date blank I got a message that I must enter a date. Is that #9 on your to do list? Yes. For now, you can calculate the desired ...
by ObliviousInvestor
Mon Jun 11, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

A bump and a vote for quick implementation of: 2) Option to enter that one spouse has already filed (before FRA in our case.) It's definitely next on my to-do list. Having the calculator completely fail to run for a significant group of people is obviously less than ideal. :oops: I can't say how lo...
by ObliviousInvestor
Mon Jun 11, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Re-marriage and claiming social security on ex-spouse
Replies: 10
Views: 1777

Re: Re-marriage and claiming social security on ex-spouse

Jodie - The POMS page you reference is specifically for continuation of current benefits. In other words, if you were currently receiving a benefit based on an ex-spouse's record, these benefits could continue upon your remarriage to someone who is currently receiving one of the listed benefit type...
by ObliviousInvestor
Fri Jun 08, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Optimal Social Security Claiming Strategy for Widow
Replies: 8
Views: 671

Re: Optimal Social Security Claiming Strategy for Widow

So my plan is to set up an appointment with her at a Social Security office at most 4 months before January 2019, and set up her window benefit to start in January 2019. :thumbsup Also, as far as knowing how much a beneficiary is earning: they ask you when you file (if you're younger than FRA) how ...
by ObliviousInvestor
Fri Jun 08, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I'm embarrassed to post this, but our circumstance seem to break the calculator. I'm 60 and trying to determine when to collect SS. My wife is much older (74) and claimed 12 years ago because we had young children and they would collect. The age limitation wouldn't allow her age. If we accepted the...
by ObliviousInvestor
Fri Jun 08, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I think you stated that nonsmoker preferred added about 3 years. I could look it up and find out how many years super preferred added. This info could be included as a note on the advanced options page, that's all. Yes, I agree that better guidance would be helpful regarding selection of a mortalit...
by ObliviousInvestor
Fri Jun 08, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Optimal Social Security Claiming Strategy for Widow
Replies: 8
Views: 671

Re: Optimal Social Security Claiming Strategy for Widow

He passed away in early 2011 and wasn't working toward the the end (8k of income in 2009). My guess is that the $750 benefit would have likely only gotten COLA adjustments since 2010. Is that roughly right? Yes, without additional earnings his benefit would only be growing via CPI-linked COLAs. Is ...
by ObliviousInvestor
Fri Jun 08, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

I did not see the following in your list of enhancements. If you think it would be easier to do than a "when I die" option I would be happy if you just had a "CSO Nonsmoker Preferred Table" option. Using that table would give the user insight as to how greater longevity would affect the when to sta...
by ObliviousInvestor
Fri Jun 08, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]

I retitled the thread. The support thread is here: "Open Social Security" calculator: feature requests, bug reports, etc Mike - If you want the threads combined, let me know. Alternatively, I could lock this thread to redirect the discussion to your support thread. Thanks, LadyGeek. :) I think comb...
by ObliviousInvestor
Fri Jun 08, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Optimal Social Security Claiming Strategy for Widow
Replies: 8
Views: 671

Re: Optimal Social Security Claiming Strategy for Widow

Thanks for the quick reply. Sounds like maybe we should have claimed her survivor benefit at 60. You didn't address the part of the my question that had to do with the reduction of the survivor benefit to 71.5% of the FRA benefit. Is that reduction temporary or permanent? If the reduction is perman...
by ObliviousInvestor
Fri Jun 08, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

... Perhaps my one request (not a requirement) would be: try reaching out with what you're thinking about working on, before diving into it. That way if I can be helpful in any way in advance (e.g., explaining how a SS concept works) I have the chance to do so. I'd probably just start by refactorin...
by ObliviousInvestor
Fri Jun 08, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Optimal Social Security Claiming Strategy for Widow
Replies: 8
Views: 671

Re: Optimal Social Security Claiming Strategy for Widow

Social Security widow(er) benefits can start at 60 rather than 62. Ignoring the earnings test (i.e., the withholding of $1 for every $2 of excess earnings) for a moment, it always makes sense to claim the widow(er) benefit as early as possible, if the survivor is planning to max out his/her own reti...
by ObliviousInvestor
Fri Jun 08, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Do you have any guidelines on contributing to the project for those of us who are programmers? I doubt I'll have the time to do so, but it might be fun if I do find myself with some spare time. Sorry if this is a dumb question, but, guidelines like what? I really am very new to coding and have neve...
by ObliviousInvestor
Fri Jun 08, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

My feature request is to handle the widow case. If one selects "widow(er)" the calculator refers one to a blog post, but the blog post doesn't address all widow situations. I just posted on the particular situation i'm considering for my mom https://www.bogleheads.org/forum/viewtopic.php?f=2&t=2512...
by ObliviousInvestor
Fri Jun 08, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Thanks for this calculator! One thing that might be interesting (and easy) to show would be the worst case since presumably it's in your dataset already. That would give us some idea of how much variance there is depending on what claiming dates are selected. For example, if there's only a $20 diff...
by ObliviousInvestor
Fri Jun 08, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

Thank you for the offer! Right now I only have the "live" version and a version on my local machine (or rather, a zillion versions on my local machine via Git, I suppose). But putting out something like development.opensocialsecurity (or some such) might not be a bad idea. With a tool like yours it...
by ObliviousInvestor
Fri Jun 08, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Thanks for this calculator! One thing that might be interesting (and easy) to show would be the worst case since presumably it's in your dataset already. That would give us some idea of how much variance there is depending on what claiming dates are selected. For example, if there's only a $20 diff...
by ObliviousInvestor
Fri Jun 08, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

FiveK wrote:
Fri Jun 08, 2018 1:06 pm
could the program report the "life expectancy" (i.e., 50/50 chance) being used by the selected table?
Yes, some sort of better guidance seems in order with regard to the mortality tables.
by ObliviousInvestor
Fri Jun 08, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Phew, you need to componentize that sucker some more. Those are some big files. Single Responsibility Principle! I emphatically agree that would make it easier to follow. I have read that calling to other files or functions slows things down, when occurring in a loop that gets run many times. (And ...
by ObliviousInvestor
Fri Jun 08, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Unfortunately, it's unlikely that I'll be building in any tax-planning functions. The calculator is already pushing my limits as a programmer, just with the complexity of Social Security. The necessary coding to create anything like a true-to-life tax calculator (and incorporate it into an already-c...
by ObliviousInvestor
Fri Jun 08, 2018 5:28 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

Thanks for the calculator Mike. With one spouse subject to WEP/GPO they may not be eligible for any spousal benefits. Is the calculator of any value in a situation where a spouse never receives spousal benefits? If you check the "advanced" box and enter the applicable government pension amount, the...
by ObliviousInvestor
Thu Jun 07, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

My BD(male) is 9-2-54 / PIA = $2530 / spouse BD is 2-25-53 / PIA is $1393. Your initial recommendation was me to file at age 70, spouse to file now. My Fidelity planning software would lead me to believe we would benefit most by both delaying until age 70, so curious to see why your program suggest...
by ObliviousInvestor
Thu Jun 07, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

I can imagine that it might not be too difficult to create a "good health" longevity table. Creating a single "good health" table that increases lifespans by 3 years might be a close enough calculator for most of us. I could then run the calculator as is, then run it with a "good health" longevity ...
by ObliviousInvestor
Thu Jun 07, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

I thought discount rate of 5% was standard. Why is the calculator using 1% as default? I think everything done with the calculator is in real dollars. I do all my analysis in real dollars. Also, SS should be discounted with a risk-free rate, not a general rate. Yes, this exactly. I explained the id...
by ObliviousInvestor
Thu Jun 07, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

(BTW, if you are looking for a Beta tester, feel free to PM me. I was a software QA professional for over 25 years before retiring. I still dabble a bit for fun and would be happy to put a Beta site through its paces.) Thank you for the offer! Right now I only have the "live" version and a version ...
by ObliviousInvestor
Thu Jun 07, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Reality Check
Replies: 16
Views: 2349

Re: Social Security - Reality Check

Spousal benefits are based on the worker's PIA, rather than the worker's monthly benefit amount. That is, Spouse B's benefit as Spouse A's husband/wife is unaffected by the date at which Spouse A filed for retirement benefits (other than the fact that Spouse B cannot get that husband/wife benefit un...
by ObliviousInvestor
Thu Jun 07, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

When I tried the alternative claiming strategy, I had my wife (with higher PIA) claiming (restricted) spousal benefits at 66 (FRA) and her own retirement benefits at 70. The calculator insisted I also put in a date for me to collect spousal benefits. That doesn't make sense... we can't both collect...
by ObliviousInvestor
Thu Jun 07, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

JoeRetire, My apologies for having (apparently) misunderstood your argument. I had thought that you were indicating that fixed death-date assumptions should be the default behavior. (Again, I agree that they're a useful option, and I'm working on it. Please be patient though, as I'm still slow at co...
by ObliviousInvestor
Thu Jun 07, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Reality Check
Replies: 16
Views: 2349

Re: Social Security - Reality Check

I'm curious how that opensocialsecurity.com calculation works. It's interesting. I think it's based on avg. life expectancy though. Thanks for the link. Actually, you can select from various longevity charts. But not a specific date. Yet (it's on Mike's development list). Indeed. It uses year-by-ye...
by ObliviousInvestor
Thu Jun 07, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

On the topic of mortality tables as opposed to a fixed "user will die at ____ assumption": I get that there are reasons why a person might not have a mortality table that applies to them (e.g., "I have stage 4 colon cancer. And that information makes any of the mortality tables pretty decidedly usel...
by ObliviousInvestor
Wed Jun 06, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Thanks for the continued feedback, everybody. :) For the alternative strategy, I think more in terms of age as opposed to calendar month and year. So it will be helpful to me if I'm able to enter the proposed age for claiming (for example 63 and 8 months, not September 2025). I'm curious for people'...
by ObliviousInvestor
Wed Jun 06, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Similar to Leif's issue but with the 2nd of month for spouse. A few years ago I recall getting advice (could not find the reference) that for my spouse filing at 62 (birth date of 2nd of month) and me filing restricted spousal with birth date later in same month that I ought to wait until the follo...
by ObliviousInvestor
Wed Jun 06, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Just noticed this part. Also different - 2. [Spouse] will file for her own benefit to start on 11/1/2019, the month after she turns 64 and receive 61.73% of her full retirement age benefit. Your spouse files for his/her retirement benefit to begin 6/2018, at age 62 and 8 months. Why have spouse file...
by ObliviousInvestor
Wed Jun 06, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Thanks for the feedback, Leif. Your right about slow in Safari. Still running (10 minutes later). Took only a couple of seconds in Chrome. Hm... Even with an older computer, using IE or Edge (which are slower than Safari) it shouldn't take more than a couple of minutes. So something definitely went ...
by ObliviousInvestor
Wed Jun 06, 2018 7:21 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

Thanks, everybody, for the continued feedback! This has been very helpful. I just started a new thread, with a consolidated "to do" list based on feedback so far. (I posted one earlier in this thread, but I think it's getting overlooked since it's buried midway through.) I think that having a new th...
by ObliviousInvestor
Wed Jun 06, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 75
Views: 5048

"Open Social Security" calculator: feature requests, bug reports, etc

This thread is intended to serve as a place for Bogleheads to submit bug reports or make feature requests for the free/open-source "Open Social Security" calculator: https://opensocialsecurity.com/ <- the calculator https://github.com/MikePiper/open-social-security <- source code for anybody interes...
by ObliviousInvestor
Tue Jun 05, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

Oblivious investor, Perfect about the use of the mortality tables. For the average Joe I would think the Social Security tables underestimate life expectancy. They are based on old data and longevity for old people has improved, as far as I know. The various CSO tables are likely more accurate. The...
by ObliviousInvestor
Tue Jun 05, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5036

Re: New SS claiming calculator

rec7 wrote:
Tue Jun 05, 2018 10:10 am
I wish it allowed you to guess your death year. What average joe knows the tables they use?
If you're an "average joe" the default SSA table is a good fit. Mortality rates for average joes is what the SSA table provides.