How do I update my client's annual inflation rate?

In the Social Security Timing software you have an option to use the long-term median or you can enter what you like for the annual inflation rate. Our median is a reflection of what the Trustees report sets as the ultimate long-range average annual growth rate in the CPI-W, which was recently set to 2.7%. Read the full report here. Our software has been updated accordingly.

If you would like to update a client’s calculation with the most current inflation rate; edit the client, advance to the assumptions page in the client wizard and select “What's the Long Term Median?” button. Select “Save & Finish” to review your updated calculation and to print a report. If you need any assistance please contact the support team at 1.877.844.7213.