In this retirement planning app, users can evaluate Social Security benefit options and analyze their potential outcomes. Includes benefit profiles, comparison tools, and graphical reports.
AppRecs review analysis
AppRecs rating 4.1. Trustworthiness 75 out of 100. Review manipulation risk 24 out of 100. Based on a review sample analyzed.
★★★★☆
4.1
AppRecs Rating
Ratings breakdown
5 star
72%
4 star
8%
3 star
4%
2 star
3%
1 star
12%
What to know
✓
Low review manipulation risk
24% review manipulation risk
✓
Credible reviews
75% trustworthiness score from analyzed reviews
✓
High user satisfaction
80% of sampled ratings are 4+ stars (4.2★ average)
About Social Security Optimizer:Boss
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.
Social Security Optimizer:Boss Screenshots
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Reviews for Social Security Optimizer:Boss
Tonkskip
Math is off
When comparing scenarios for the break-even, the math is way off. I don't feel like I can trust this program.
Has potential-01
Not accurate
The values for each year’s benefits match SS for some years and not others. For example the benefits for age 62 to 67 within a few dollars of what SS says but way off for ages 68 to 70. The spousal benefit is sometimes accurate and sometimes not. Per SS when you apply for your benefits the first check happens the following month. When you use a January value the first check is in February. This is correct in the app. When you use a December value the app has the first check in December not January. This is incorrect.
