A Bit About Early Retirement Benefits by Tom Turner
... But as a general rule if you take early retirement benefits you will get about the same total Social Security benefits over the rest of your lifetime it will just mean that they come in smaller amounts in order to take into account that you will actually be receiving them over a longer period. There are some advantages as well as disadvantages to be had from you taking early retirement benefits before you actually reach full retirement age. One really big advantage is that you will be ...
Social Security: Will It Be Enough For Retirement? by Dakota Caudilla
... Social Security retirement benefits are based on three major factors: you current age, your age when you begin receiving benefits, and your past earnings. You are free to stop working and start receiving Social Security benefits anytime between the ages of 62 and 70. But you age impacts on how much you will end up getting. In the past, you would expect to get your full benefits once you hit that magical age of 65. But that's not quite how Social Security works now.
A Retirement Job - A Great Way to Stretch Your Retirement Savings by John Howe
... Three retirement calculators on the Net that include income from work after retirement in the calculations are the AARP Calculator , the Employee Benefit Research Institute Calculator , and the MSN Calculator . The MSN calculator is especially easy to use and is very visual so you can see the results as you change the variables. These calculators have a weakness since they ask for the amount of annual income from a job after retirement, but they do not ask for the age when that income ...
Retirement – It's Sooner Than You Think!! (Honestly) by Kate Hufstetler
... Social Security: as of 2004, the average annual Social Security retirement benefit is approximately $11,000. That is not a lot to live on folks. Plus, we all hear the news periodically that there might not be any Social Security around when we get older and need it. And as a further WAKE UP call, I found a calculator which estimated (without Social Security):a couple at 40bringing in $90k a year (together)with very modest investmentswould need to save an additional $2,690,000.00 ( yes 2 ...
Stock Market Excitement Is Not Exclusive of Wise Investing by Jamie Wu
... Taking into account that you do care for your long term planning and that you don’t want to see yourself with no retirement benefits, the first step is to identify your needs for your retirement. This means estimating roughly how much you will need monthly once retired. Calculators tell you how much you need to invest in a pension plan every month. Pension plans rely on an important concept: low risk investments. If you start saving 30 years in advance for your retirement, it means it has ...
Retirement Management by Matt Alexander
... Now, according to the Social Security Administration, the average monthly Social Security retirement benefit check for January 2004 was $723.90. Chances are, this is not enough to do the things most dream of for retiring – traveling, buying a second home, starting a new hobby, or simply living in dignity. Personal Savings You probably should not keep too much money sitting in your checking or savings account. You may be earning 1% or 2% and that is nothing when you factor in inflation.