Overview
MaxiFi puts a lot of effort into getting Social Security calculations right, but Social Security rules can be complex. One example is the recalculation of benefits. If you’re already receiving benefits but continue working, your new earnings could replace lower-earning years in your history. This might result in a higher benefit amount over time.
If you’re not planning to work anymore and don’t have a pension from non-covered earnings, MaxiFi can estimate your past earnings based on the benefit amount listed on your Social Security statement for age 70. There’s a place in the program to enter that information.
However, if you are planning to keep working MaxiFi needs your full earnings history to give you an accurate calculation. The program offers two ways for you to enter that detailed information.
Option 1: Manual Input
If you have a copy of your SS earnings history, you can enter those earnings manually. This approach works fine but it's possible to make mistakes entering each year manually, so you must double check your work.
(Recommended) Option 2: XML Upload from SSA.gov
QUICK STEP LINKS
- Step 1: Go to SSA.gov and click Sign In
- Step 2: Choose how to sign up or log in.
- Step 3: Click on Your Social Security Statement
- Step 4: Click on Download Statement Data as an XML file
- Step 5: In MaxiFi, click on Import Earnings Record
- Step 6: Choose to Upload XML, and pick the recently downloaded file.
- Step 7: Confirm imported amounts.
Step 1: Go to SSA.gov and click Sign In
Step 2: Choose how to sign up or log in.
Step 3: Click on Your Social Security Statement
Step 4: Click on Download Statement Data as an XML file
Step 5: In MaxiFi, click on Import Earnings Record
Step 6: Choose to Upload XML, and pick the recently downloaded file.
Step 7: Confirm imported amounts.
