Social Security: Will It Be Enough For Retirement? by Dakota Caudilla
... Depending on your retirement plans you may need a higher income than what Social Security is planning to provide you. You can find out what your Social Security benefits will be by making the relevant calculations. Finding out how much you will be earning when you retire seems very complicated, but there are tools on the Internet that you can use right now to get you all the information you need to plan for a comfortable retirement. There are tools available online to help you calculate ...
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 ...
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 ...
A Retirement Job - A Great Way to Stretch Your Retirement Savings by John Howe
... home on your own schedule to generate the income that will extend your retirement savings. Use the calculators mentioned above to see the real impact income from a retirement job can make on your retirement finances. Thousands of people are using the Internet to make a full time living. Why not use it for retirement work and make some money to boot? This will be a nice supplement to your retirement income from your investments and Social Security. And you can have some fun in the process.
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.
Retirement May Not Look Great to Some by Martin Lukac
... Only one-third of Americans are saving enough to maintain their standard of living into retirement, according to the Security Industry Association. An AARP study indicates that 28% of workers are worried that they won't be able to pay for their medical expenses in retirement. A Watson Wyat Worldwide study shows that the majority of employers are planning to cut their retiree medical plans for retirees in the next five years. The studies show that not only are Americans not saving for ...
Retirement Calculator by Milos Pesic
... Other Income – The amount you’ll enter here can include Social Security, employer-funded pension plans, or other external source of income. Inflation Rate – This is the average expected annual inflation rate over the period encompassing your remaining working years and retirement years. Current Age Current Tax Rate – Enter your current federal tax bracket. Retirement Age –Know the official retirement age. For those who were born in 1960 or later, 67is the official retirement age.
Retirement Calculator: How Much Will It Cost You to Retire? by Robert Andrews
... Total Social Security Disbursements 5. Rate of ROI (return of investment) These are just some of the probable factors that you have to consider when using retirement calculators. All of these things will have individual effects on the results. In the end, people tend to mix everything up and errors on computations are expected. Financial experts recommend some feasible solutions to avoid possible confusions and errors in using the retirement calculator.