Household and Social Security
Edit Personal Details
Set the household dates, Social Security starting information, state, and filing status that establish the plan’s timeline.
These dates establish the household timeline used everywhere else
Personal Details identifies the scenario and supplies the dates that turn employment, Social Security, contributions, healthcare transitions, taxes, and the planning horizon on or off in annual projections. Change this editor when a source date changes or when a What-if is deliberately testing different timing.
The death date is a planning-end assumption for that person, not a prediction. In a two-person household the projection continues for the survivor. Use an intentionally conservative age when you want to test longevity rather than entering a short horizon simply because the date is uncertain.
Enter each person’s dates and Social Security estimate from the same planning basis
Birth date determines age in every projection year. Retirement date controls retirement-linked income endings, contribution endings, stock-compensation retirement rules, and other milestones. Social Security start date is the claiming date being modeled. The Full Retirement Age benefit is a monthly amount from the Social Security statement; do not multiply it by twelve before entering it.
For a spouse, keep that person’s dates and benefit estimate separate even when the household expects to coordinate retirement or claiming. The model needs the separate records to represent a surviving household, different retirement years, and different benefit starts.
State and filing status affect tax calculations rather than household ownership
State of residence selects the supported state-tax treatment used by the projection. Filing status supplies the federal and state filing basis. These fields do not move an asset between spouses or determine who owns an account; ownership is entered with the account, income, property, or debt itself.
If a future move or filing-status change is the question, preserve the current Home plan and test the alternative in a What-if. One saved state and filing status currently apply across the modeled scenario, so a multi-state or mid-plan filing transition may require separate scenarios.
After saving, review the first years affected by a changed date
Save and return records a new saved revision of the plan. Reopen Personal Details to verify the dates, then inspect Projection around retirement, Social Security, and the household horizon. Rerun Stochastic Analysis after a material change because an older saved analysis remains tied to the plan used when it ran.
YARCalc calculates annual periods. It retains source dates but does not prorate every cash flow to the exact day or month, so review the transition year and the years immediately before and after it.