Feature Updates
March
- Added Social Security Maximizer to determine optimal Social Security filing strategy — see FAQ for details
- Improved accuracy of Social Security benefits estimates and other calculations by incorporating date of birth
- Added Social Security spousal benefits modeling — see FAQ for details
- Updated Medicare IRMAA chart for annual threshold and surcharge inflation
- Created Feature Updates page
- Added Additional Social Security Scenarios feature for cases where a spouse passes away before claiming benefits
- Updated Plan Assumptions with new fields for Social Security COLA and Pension COLA
- Updated chart tooltips including primary and spouse age details
- Added Other Income feature for one-time or recurring income events
- Updated Federal taxes for 2024 including marginal and capital gains tax brackets; NII and FICA remain unchanged for 2024.
- Updated Medicare IRMAA thresholds and surcharges for 2024
- Updated Social Security retirement earnings test exemption amounts for 2024
- Created Data Privacy and Security page
- Created Features page to highlight capabilities
- Updated default investment and other growth rate values
- Added tips to improve outcomes for unsuccessful retirement plans
- Added Social Security survivor benefits modeling — see FAQ for details
- Added ROTH conversion feature — see FAQ for details
- Added Extra Expenses feature for large one-time or recurring expenses — see FAQ for details
- Added Tax Analysis charts for visualizing taxes including Federal, Capital Gains and Medicare IRMAA surtax
- Added Tax Minimizer feature for limiting taxes below a specified tax bracket — see FAQ for details
- Added Extra Savings feature for ongoing accumulation of pre-retirement savings
- Added updatable Plan Assumptions
- IncomeWize Retirement Planner initial public release