• Question
  • How does NewRetirement adjust Social Security for Inflation?

    Asked by a 62 year old man from KS on 12/9/2018

    Using the general inflation (not including Health Care) that your client enters? The long term average for Social Security inflation adjustments of about 2.1%? Other? Thanks!

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  • Categories: Retirement Planning, Retirement Calculators

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Hi,

    To date we have been using the inflation rate set by the user, but capping it at 2%.

    We are about to change this to let it fully float with what is set by the user. Note - we are also looking at lowering pessimistic inflation assumption to be 3% based on more recent long term interest rates.

    Best,

    Steve

  • Login to rate this answer:   Answered on 1/5/2019
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.