open-social-security
Cbc
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open-social-security | Cbc | |
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136 | 4 | |
50 | 726 | |
- | 3.4% | |
7.3 | 7.7 | |
1 day ago | 12 days ago | |
TypeScript | C++ | |
MIT License | GNU General Public License v3.0 or later |
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open-social-security
- Social security question
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Take Social Security Early
see: https://opensocialsecurity.com
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Social Security spousal benefit question
It's not clear what tool you are using. https://opensocialsecurity.com/ doesn't predict your PIA - that's something you provide as input.
Or try a website like this. https://opensocialsecurity.com/ For optimal claiming strategy.
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Mostly clueless on our path toward Financial Independence (or less dependence)
Given that your earnings are very close, it likely makes sense for the slightly higher earning spouse to delay until Age 70 while the slightly lower earning spouse claims at Age 62 (technically 62 and 1 month). Learn more using these two calculators: https://ssa.tools/ and https://opensocialsecurity.com/
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Social Security Calculator - Early Retirement, but waiting until 67 to take benefit
http://opensocialsecurity.com/ shows, "You file for your survivor benefit..."
Try http://opensocialsecurity.com/, but you'll need your ss history from ssa.gov.
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My father turns 65 next month. Should he take SS or work 3 more years to earn more benefits?
Dad would be smart to experiment with https://opensocialsecurity.com/ before making a claiming decision. It wouldn't be surprising if he should delay starting his benefits until 70.
Cbc
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Successful Compiling COIN-OR CBC solver with Python Pulp ARM64
To use CBC (https://github.com/coin-or/Cbc) we need to compile it. Get source code from following address instead of github, this archive include all dependencies as well which will be compiled as well (if missing)
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Show HN: I built a simulator for personal finance: ProjectionLab
I've looked at it a little bit, but as someone nearing retirement, it is lacking a number of features that I would like.
There are some common tricks that I don't see how to model with ProjectionLab:
1. Do your tax-deferred 401k,403b,IRA saving in a high earning job, state, then move to a low or no income tax state to do the withdrawals in retirement.
2. Retire early so there is some time before taking social security payments to do Roth Conversions. I-ORP[0] turns this into a branch and cut linear optimization problem. User Indyhou at Bogleheads[1] has built a spreadsheet that uses a solver plugin. It may be possible to build a model in CBC[2] and compile it to WASM and run it in the browser.
3. After turning 63, watch the Roth Conversions to make sure you don't trigger IRRMA medicare surcharges.
4. Are you trying to stay under income limits for ACA subsidies? It's not quite the sharp cliff that it was, but can be important for some.
5. Are you trying to balance regular income and capital gains to take advantage of the 0% cap gains rates? You've got to plan ahead on your contributions to the taxable and tax deferred accounts for this to work. Jeremy at Go Curry Cracker has written about using this to pay $0 in US Federal Income taxes[3].
6. Paying full rate for health insurance will likely get you over the 7.5% limit for tax deductions.
7. Social Security claiming strategies can be complex for married couples.
A feature that would be useful during accumulation is life insurance planning for the death of a spouse.
The death of a spouse can throw a wrench in some of the strategies since the single tax bracket is much smaller. Tax law changes can also upset highly optimized strategies. So any highly optimized strategy should also have a monte carlo simulation around a spouse dying and tax law changes to understand what disruptions are possible and maybe accept a non-optimal strategy that is better in these adverse cases.
[1] https://www.bogleheads.org/forum/viewtopic.php?t=365518
[2] https://github.com/coin-or/Cbc
[3] https://www.gocurrycracker.com/go-curry-cracker-2020-taxes/
What are some alternatives?
plaintextaccounting - The plaintextaccounting.org website, a portal to Ledger, hledger, beancount and co. Also the PTA wiki.
pulp - A python Linear Programming API
ec2-retirement-bulk-fix - A tool that lists EC2 instances scheduled for retirement and optionally stop/start all in bulk
social-security-tools - Website Source for https://ssa.tools/
end-game - Personal finance simulator for retired Canadians.
retire-at-35 - :dart: Principles of "Retire at 35"