Question: What is the best way to determine my wife’s Social Security benefit? I am 70 and drawing benefits and she is 56. We are both retired.
Answer: You can go online and retrieve her earnings record and then paste it into a software program that can calculate not just what she’ll collect if she starts collecting at a certain date, but also when it is best for her to start collecting.
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When it comes to personal finance, economics and our software care about one thing—your living standard. All questions in personal finance boil down to your living standard. Your decision about when and how to take Social Security can affect your living standard throughout your retirement.
I am a professor of economics and I’ve spent a good part of my academic career studying personal financial behavior. Here’s why my colleagues and I developed Maximize My Social Security. Deciding, on your own, which Social Security benefits to take and in which month to take them is incredibly difficult. Most households face millions of options. You can easily lose tens of thousands of dollars making the wrong choices.
My company’s software, Maximize My Social Security, can help you avoid costly mistakes and instead discover your maximized lifetime household benefits.
