(Correction appended.)
T. Rowe Price has launched a free online Social Security calculator designed to help people estimate potential benefits and decide what strategy to use when planning for their financial goals—and to help advisors talk about those goals with their clients.
The Social Security Benefits Evaluator calculates the annual dollar amount of benefits plus the best timing for either single or married individuals to start claiming benefits. T. Rowe's calculator not only estimates Social Security income, but also offers ways to take benefits based on the users' goals and allows them to compare results of different Social Security strategies.
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