The Open Social Security calculator now has some new functionality for people affected by the Windfall Elimination Provision and/or Government Pension Offset.
Specifically, it allows you to enter a date on which your pension from non-covered employment will begin (so that the calculator knows not to apply the WEP/GPO until that date), and it allows you to enter what your PIA would be without the effect of the WEP (so that the calculator can account for the fact that survivor benefits are calculated based on a PIA that hasn’t been reduced by WEP).
Special thanks go to Brian Courts who not only offered the separate-PIAs suggestion but also provided code to implement the idea!
Recommended Reading
- Misconceptions About Health Costs When You’re Older from Austin Frakt
- An Annuity Hater Revisits SPIAs from Allan Roth
- Advantages of Passive Policies from Austin Frakt and Gilbert Benavidez
- What to Do if You Missed Your RMD (Christine Benz interviewing Ed Slott)
- Does the “Bucket Approach” Destroy Wealth? from Larry Swedroe
- New Employer Benefit Makes it More Likely People Will Save for Emergencies from Lorie Konish
Thanks for reading!
What is the Best Age to Claim Social Security?
Read the answers to this question and several other Social Security questions in my latest book:
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Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less |
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SOURCE: Oblivious Investor – Read entire story here.
