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WEP impact

Last post 09-11-2008 4:46 PM by scottb. 1 replies.
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  • 09-11-2008 10:08 AM

    WEP impact

    Since it doesn't seem to be at all easy to determine the short and long term impact of the Windfall Elimination Provision on potential SS benefits might there be a simple answer?

    If benefits are reduced to the point they are effectively pocket change why not take benefits early? Maybe there would be a significant difference in terms of percentages but in absolute terms I'm not sure (10 cents is a 100% increase over 5 cents but I'm not sure its worth waiting for).

    Of course, if anyone could point me to an understandable calculator that would give me net present value comparisons taking WEP and GPO into account that would be good too. Does ESPlanner? 

     

  • 09-11-2008 4:46 PM In reply to

    Re: WEP impact

    Greg,

    ESPlanner can do a lot but there is no provision in it for WEP adjustments. To test for answers you'd have to build a detailed model. I haven't done that and don't know of a source that has.

     Scott

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