Originally from ticket #11286.
Bobby S.
Murrells Inlet, SC
Question: When I retired, I entered my actual Social Security amount and the start age. That was 8 years ago. I wonder, should I: (1) leave the original Social Security amount and start age in place or (2) update the Social Security amount to current actual and change the start age to my current age? Or maybe change the amount but leave the start age the same? Just do not want to mess up the total overall projection by changing numbers that maybe should not be changed. Thanks for your help.
ANSWER:
The program does not model "the past"... every time you run the program,
it is calculating from today forward. In fact it won't even let you put a start age for social security less than your current age.
So if you are retired, set the retirement age to your current age. Set Social Security start age to your current age.
Then the software will calculate from today moving forward.
Does this help?