Hello! So I’ve been spending hours on top of hours researching how SS calculates, determines, and accounts for creating a “ benefit” to members of the system. Here is what is still confounding me ( in any order):

1. In using the online statement SS provides question number on is this: Does SS, if I were to run an estimate by using their calculator include ANY COLA in the little adjustable sample calculator that they provide when you set up a mysocialsecurity account ( I am aware that they only account for COLA(s) from age 61.

2. I have spent quite a few hours on this part as well: What happens to the AIME at the 2nd Bend Point IF IT IS LOWER THAN THE ANNOUNCED NUMBER? What number do I use? )I’ve been using the AIME I computed MINUS the first BP).

3. What if I have a really big benefit discrepancy?

Hi. My only knowledge of Social Security's online calculator comes from what they post online (https://www.ssa.gov/benefits/retirement/planner/AnypiaApplet.html). The website says that results are show in today's dollars, but gives you the option of choosing to have your results shown in future inflated dollars. I assume that means that the benefit estimate you get from their calculator won't include any future estimated cost of living (COLA) increases unless you elect to have your results shown in future inflated dollars. I have no idea what future rate of inflation is assumed if you choose the latter option.

If you've calculated your average indexed monthly earnings (AIME) and if the amount falls between the 1st and 2nd bend points for your year of birth, then you would a) subtract the first bend point from your actual AIME, b) multiply the difference by .32, and c) add the result to 90% of the first bend point.

If there is a big discrepancy between your manual results and Social Security's online calculator, then you may be doing something wrong. Calculating accurate benefit rates manually is very difficult, and the instructions for doing so are confusing. You may want to strongly consider using the benefit calculator contained in our software (https://maximizemysocialsecurity.com/purchase) in order to get an accurate benefit estimate and to fully analyze all of your filing options so that you can determine your best strategy for maximizing your benefits.

Best, Jerry