New diy decumulation software from team of meyer and. Our goal is to bring strategies and help to the millions of people approaching those critical decisions about social security. Social security claiming strategies can be extremely complicated. Tetris, taxes and retirement retirement income journal. New research shows how the average retiree may be torpedoed. Advanced topics for social security planning gaining. The writers packed a huge amount of useful information into a small package and presented it clearly. Summer 2012, journal of wealth management todays low interest rate environment and social security claiming decisions reichenstein and meyer. How to optimize retirement benefits, 2 nd edition, reichenstein and meyer january 2015, journal of financial planning social securitys earnings tests. Strategies to boost your social security these moves can increase lifetime benefits by thousands of dollars. Oct 10, 2018 waiting until age 70 to claim social security benefits is one of the most popular financial strategies for retirement, but it can put couples that retire in their 60s in a bind if they then must. Social security claiming strategies for widows and widowers retirement benefits guidance if youve lost a spouse or an exspouse by andy landis january 6, 2017. Fortunately, there are free tools and websites to optimize your social security benefits, and you should add this search to your other retirement planning efforts.
Coordinating your savings with how and when you take social security benefits and creating a. I was running my eye down the column of numbers generated by the 2nd wellrespected calculator. New retirement planning research adding value to clients. How to optimize retirement benefits, 2nd edition william meyer, william reichenstein on. Comparing the 2 leading social security calculators can i. Optimizing retirement benefits 1 san antonio financial planning association april 19, 2012 william reichenstein, phd, cfa baylor university principal, retiree, inc. William reichenstein, are the most published on both taxefficient withdrawal strategies and social security claiming strategies.
But not everyone can wait most take it early so theres some tradeoffs. The ssanalyzer software makes you a social security expert for you clients and positions you for more retirement planning business. We then furthered our research, as published in social security strategies. In recognizing the void that has existed for personalized and pragmatic advice related to social security at retirement, bill founded social security solutions, inc. A great new tool for deciding when to take social security. Jan 07, 20 but william meyer, founder and ceo of social security solutions inc. This report complements meyer and reichenstein s research on social security strategies and illustrates the knowledge and expertise that is the foundation of social security solutions advice.
William reichenstein, cfa, is an expert in social security strategies. Your 10day, no obligation free trial is prepopulated with sample cases so you can quickly get up to speed on the factors that impact social security claming strategies. If you are widowed, you might be eligible to claim social security widows or widowers payments. Created as a partnership between entrepreneur and software expert bill meyer, and the highly reputable financial planning researcher bill reichenstein who has published extensively on social security strategies in the journal of financial planning, ss analyzer is built to gather detailed information about the clients social security. A plan to save social security without a tax hike on the. Treaties on this topic, some of which are listed in the table below, provide page after page of details, nuances, and exceptions. Bill reichenstein is professor emeritus of investments at baylor university. My colleagues and i have developed pathbreaking and widely acclaimed software tools to dramatically improve personal financial planning. The result is powerful software that will help your clients get more and keep more. On the website, individuals can also find financial planners in their area who are both familiar with social security claiming strategies and who lease the software. William reichenstein, cfa, is professor emeritus of investments at baylor university.
As such, ive read more of the social security administration handbook than any human being should be forced to read just as an aside, how did the. But such strategies are unpopular, despite numerous consumer. He is head of research at social security solutions inc. Using our research, we designed a software tool that uses a set of complex. Developed by the recognized experts in social security and based on research in the journal of financial planning, journal of wealth management and retirement management journal. William reichenstein, social security solutions, inc. In meyer and reichenstein 2010 and reichenstein and meyer 2011, we argue that retirees should consider two criteria when selecting a social security claiming strategy. Coming soon, journal to be announced medicare and tax planning for high income households, meyer and reichenstein. This may reduce the size of medicare part b premiums. For the past 10 years meyer and reichenstein have been developing software to make taxefficient drawdown plans easier to design and manage.
Dynamically calculating optimal withdrawal strategy throughout retirement. The social security administration makes one such calculator available on its website, but it doesnt analyze a variety of options or show you what claiming choices will result in you having more money. Strategies to boost your social security kiplinger. Marchapril 2015, financial analyst journal taxefficient withdrawal strategies 2015, social security strategies.
First, what claiming strategy would maximize cumulative lifetime benefits if the single individual lives to his or her precise life expectancy or each partner in a couple. Maximize my social security when should i take social. They provide comprehensive education and marketing. Journal how the social security claiming decision affects. The social security income planner provides an overview of several different preselected claiming strategies, or you can input your own strategy to see how it stacks up against other optionsa particularly nice touch if youre one of those who likes doing things your own way.
About us get more social security benefits with social security. Your social security payment amount is determined by how much you earn while working and when you elect to start receiving payments. William reichenstein is social security solutions, inc. Income strategy the income strategy software helps you get more. Do you know the best social security claiming strategies. This report complements meyer and reichensteins research on social security strategies and illustrates the knowledge and expertise that is the foundation of social security solutions advice. Mar 09, 2017 answers to reallife questions about social security claiming strategies. Mar 02, 2015 these nine useful social security claiming tools and software can help you make your money last in retirement. Created as a partnership between entrepreneur and software expert bill meyer, and the highly reputable financial planning researcher bill reichenstein who has published extensively on social security strategies in the journal of financial planning, ss analyzer is built to gather detailed information about the clients social security information, and provide both a concrete recommendation about which strategy to use joe should begin social security. Author and speaker william reichenstein, a professor at baylor university and head of research for retiree inc. Jul 23, 2015 created as a partnership between entrepreneur and software expert bill meyer, and the highly reputable financial planning researcher bill reichenstein who has published extensively on social security strategies in the journal of financial planning, ss analyzer is built to gather detailed information about the clients social security. When to start social security is the biggest financial decision most of your clients will make.
In this study, three strategies for redoing a clients prior social security claiming decision are explained. This report complements meyer and reichensteins research on social security strategies and illustrates the knowledge and expertise that is the foundation of. Income strategy the income strategy software helps you. The ssanalyzer software makes you a social security expert for you clients and. We then furthered our research, as published in social security strategies, a technical book written for financial advisors to help them better assist their clients in making this important decision. A primer for financial planners, meyer and reichenstein. A good social security calculator can help you get more benefits over your retirement years by providing you with customized claiming strategies that you might not have been aware of otherwise. New diy decumulation software from team of meyer and reichenstein. How to optimize retirement benefits, 3rd edition william reichenstein, william meyer on. Powers professor of investments at baylor university.
Social security strategies and medicare premiums, which can rise sharply for highincome. Corporate clients include ameriprise, lpl financial, northern trust and vanguard. We understand the nuances of social security, and we can help you determine your best strategy for collecting benefits in line with your retirement goals. About william reichenstein, phd, cfa reichenstein is head of research at retiree, inc.
Reichenstein a cfa and university professor explains how to extend the trust funds solvency and reveals some strategies retirees overlook. Jan 01, 20 strategies to boost your social security. Dec 05, 2016 social security solutions, based in leawood, kansas, turns reichensteins strategies into software tools for making smart claiming decisions, its team of professionals working both with advisors and consumers. He also is head of research at social security solutions, inc. William reichenstein, cfa social security strategies. Reichenstein holds the powers chair in investment management at baylor university. Another advantage of delaying social security benefits is it tends to increase withdrawals from taxdeferred accounts before age 65 and thus decrease taxable income at age 65 and older. Applications of aftertax asset valuations and social security strategies with william meyer. How to optimize retirement benefits, 3rd edition, reichenstein and meyer. Two software programs which do a good job to cover all of the relevant contingencies in the social security rules are social security solutions and maximize my social security. Many investors get so caught up in retirement investing they overlook an entirely obvious retirement factor social security benefits. Dynamically calculating optimal withdrawal strategy. Retirement benefits guidance if youve lost a spouse or an exspouse. He is also head of research at social security solutions, a firm that develops software to help individuals decide when to begin social security benefits.
When to start benefits and how to minimize longevity risk, published in the journal of financial planning. William reichenstein the retirement speakers bureau. Throughout his career, william meyer has looked for new ways to deliver higher quality advice to people in retirement. The following free calculators will help you decide. And given the fact that current real interest rates are quite close to zero, this is more or less the same as choosing the strategy that maximizes the total lifetime amount in real terms of benefits received from social security. Plus, you can add one of your own clients to test the quality of our software. William meyer is the founder of social security solutions, inc. New research released by meyer and reichenstein on strategies for singles. How to optimize retirement benefits, reichenstein and meyer available on get your clients more in retirement. Powers chair in investment management at baylor university. How to optimize retirement benefits reichenstein and meyer. William reichenstein from baylor university, he developed ssanalyzer, the leading software for advisors. Heres how to maximize your social security payments. Reichenstein s research advocates calculating an individuals aftertax asset allocation that compares aftertax fund across savings vehicles e.
New research on social security strategies for singles was released today in the retirement management journal. The rules for claiming social security benefits are incredibly complicated and thats especially true for widows and widowers. We are the foremost experts on creating taxefficient withdrawal strategies, and. Reichenstein, baylor professor and head of social security solutions research, was asked by the wall street journal to help answer a readers question related to spousal benefits and how to create a smart claiming strategy. William reichenstein, an academic known for his work with william meyer on social security claiming strategies, suggests in a recent book and companion software that the conventional wisdom is often suboptimal. On the flight ive been reading william reichenstein and william meyers social security strategies.
Married individuals are additionally eligible for spousal and survivors payments. Id spent the morning sifting through results from the two leading social security calculators. The strategy typically works best when the person who had the lowest income throughout their career files first to start taking their own social security, noted william reichenstein, principal of. He is also head of research at the software firm, retiree income inc. Social security claiming strategies for widows and. Committed to education and helping advisors better help their clients, meyer and reichenstein had 3 separate sessions on this important topic. Providing better social security advice for clients by joe tomlinson february 11, 2014 delayed claiming of social security benefits makes overwhelming sense, as do strategies that coordinate claiming by couples. Social security solutions, based in leawood, kansas, turns reichenstein s strategies into software tools for making smart claiming decisions, its team of professionals working both with advisors. We founded our company on the belief that there is a better way to serve retirees or people getting ready to retireone that is smarter and more personalized to help. Social security solutions, based in leawood, kansas, turns reichenstein s strategies into software tools for making smart claiming decisions, its team of professionals working both with advisors and consumers. Based on new research published in the journal of financial planning by william meyer and william reichenstein.
The income strategy software helps you get more, keep more of your retirement. Head of research at social security solutions, inc, a firm that developed software to. About us get more social security benefits for you clients with. Meyer and reichenstein wrote social security strategies, 3rd edition 2017. Deciding which social security benefits to take and when to take them is one of the most important and complex decisions you must make.
The most effective social security claiming strategy for you depends on how long. There are many personal and household factors that can impact the monthly and cumulative lifetime benefits received. Why singles should not claim social security at 66. For most retirees, social security benefits represent their largest financial asset. Social security will pay you a premium if you wait until 70. He has taught and researched in finance since 1978, with his recent work concentrating on the interaction between investments and taxes. Over 1,000 financial planners listened to bill meyer and bill reichenstein talk about social security strategies at the premier event for practitioners in san antonio, texas. Get more social security benefits with social security solutions. Solving the retirement withdrawal equation wealth management.
Retirees should pick the social security strategy which maximizes the net present value of their lifetime income from social security. He is also head of research at social security solutions, inc, a firm that developed software to help individuals decide when to begin social security benefits and income solver, inc. Get more social security benefits for you clients with ssanalyzer. William reichensteins research is the foundation of the leading social security claiming strategy software for practitioners. Get more social security benefits for you clients with. Providing better social security advice for clients. William reichenstein, cfa social security strategies expert.
He is head of research at social security solutions, inc, a firm that developed software to help individuals decide when to begin social security benefits. The larger the social security benefit, the less that must be withdrawn from financial portfolio and the longer the portfolio will last. Adding value to clients by combining a taxefficient withdrawal strategy with a smart social security claiming strategy. Reichensteins research advocates calculating an individuals aftertax asset allocation that compares aftertax fund across savings vehicles e. Automated tools combined with personalized service. Nov 05, 2015 social security claiming strategies can be extremely complicated. Suppose youre the higher earner and want to maximize benefits by waiting until age 70 to begin receiving them.
But that tradition, like the 4% withdrawal rule, is being questioned. Social security claiming strategies for singles, meyer and reichenstein. Bill reichenstein reichenstein, a cfa and university professor, explains how to extend the trust funds solvency and reveals some strategies retirees. William reichenstein, cfa, holds the pat and thomas r. The younger spouse who doesnt need to have turned 62 at the end of 2015 claims social security benefits based on his or her own earnings record. Get more social security benefits with social security. The income strategy software helps you get more, keep more of your. Our expertise, software and support make that happen. If you or your spouse reached age 62 by the end of 2015, you qualify for a social security claiming strategy called restricted application. William reichenstein, cfa, is an expert in social security strategies passionexpertise dr. William meyer, founder and ceo of, is a nationally recognized expert in social security claiming strategies. The income strategy software helps you get more, keep more of your retirement income by creating a taxefficient withdrawal strategy that could extend your portfolio by up to a decade.
When you choose to work with us, youre getting more more income, more expertise, more commitment to you in your retirement. Income strategy the income strategy software helps you get. When to start benefits and how to minimize longevity risk, journal of financial planning, march 2010. Incorporating the latest tax code and social security calculations, income strategy goes far beyond currently available retirement calculators. William reichenstein american association of individual investors. He received his phd in economics from the university of notre dame. My personal favorite source on social security claiming strategies is a 2010 paper by bill meyer and bill reichenstein, social security. These software programs are listed in the following table, along with some highquality books providing a more extensive treatment about social security claiming strategies. Recently, they unveiled their solution, income solver.