Sentences with phrase «about social security retirement»

Keep in mind that the savings rate calculations so far have been based on certain assumptions about Social Security retirement benefits, the real rate of return you can expect on your investments, and a safe withdrawal rate from your retirement savings.

This planner provides detailed information about your Social Security retirement benefits under current law.

Learn about Social Security retirement benefits: how you earn coverage; how to apply; how benefits are figured; and how to decide when to retire.

Learning more about Social Security retirement benefits helps make sure you get everything to which you're entitled.

This planner provides detailed information about your Social Security retirement benefits under current law.

Not exact matches

You may also contact Social Security at 1-800-772-1213 (TTY 1-800-325-0778) to speak with a representative about your retirement options.

The Bipartisan Budget Act of 2015 (Public Law 114 - 74; November 2, 2015), made some changes to Social Security's laws about claiming retirement and spousal benefits.

Married couples need to think about how their Social Security claiming strategy will affect [one another's] benefits and income in retirement.

Steve Garfink, author of Retire in Luxury on Your Social Security, will talk about what, specifically, you can do to ensure you're positioned to claim the maximum retirement benefit due to you.

Pundits spend a good deal of time advising Americans about the best age to claim Social Security — at age 62, at full retirement age, at age 70 and the like.

According to Financial Engines research, seven out of ten current retirees say Social Security benefits are a major source of their retirement income, while the Social Security Administration says about one in four married couples — and nearly half of unmarried individuals — rely on Social Security for 90 % or more of their income.

The materials in this toolkit are designed to educate workers approaching retirement about their options for taking Social Security benefits, and about why it can pay to wait.

According to a 2011 Pew Research Center poll, more than 40 percent of people aged 18 to 30 believe they will receive no retirement income from Social Security, even though Social Security receipts are estimated to equal about 75 percent of benefits on a sustainable basis under the current regime.5

As a general rule, early or late retirement will give you about the same total Social Security benefits over your lifetime.

Although the first wave of boomers became eligible for early retirement under Social Security about six years ago, the generation still constitutes about one - third (31 %) of the workforce, similar to percentages for millennials (33 %) and Generation X (32 %).

As a general rule, survivors benefits based on age will be about the same total Social Security benefits over a lifetime, whether they start early or at full survivors retirement age.

The Social Security Administration itself says, «As a general rule, early or late retirement will give you about the same total Social Security benefits over your lifetime.»

Use the NewRetirement Calculator to find out about your Social Security options and what you really need for a secure retirement!

Steve Garfink, author of Retire in Luxury on Your Social Security, will be on hand to talk about what, specifically, you can do to ensure you're positioned to claim the maximum retirement benefit due to you.

Your decisions around Social Security can make a big impact on your retirement — especially considering that Social Security Administration estimates say it makes up about 40 % of the average 65 - year - old's retirement income today.

Discover 10 things everyone gets wrong about Social Security — and the truths you need to know to prepare for retirement.

You can find a wealth of information about retirement planning on the «Retirement Planner» page of the Social Security Administration website.

As we pointed out in our post last week, a withdrawal rate strategy should respond to market factors like equity valuations and bond yields as well as personal factors like age, retirement horizon, and expectations about pension and Social Security benefits.

Our Services and Fees Whether you need a comprehensive financial plan or just have questions about educational planning, retirement readiness, or when to take Social Security benefits (or other issues), Safe Harbor offers the right level of services that you need now at a reasonable cost.

«My background in the law really drove my desire to do this, and once I saw all the confusing and inaccurate advice people were getting about Social Security, and realized the extent of the growing retirement crisis, I knew it was important to ensure that my system be as comprehensive as possible.

Strategize about retirement distributions, Social Security, withdrawal rates and health care costs

Once Cheryl learned nearly 10,000 baby boomers were retiring each and every day — all of whom could benefit greatly by working with advisors that possessed the expertise necessary to help them make the best possible decision about when and how to file for Social Security retirement benefits, she embarked on the course to create that which was to become CSSCS.

While realizing it's literally impossible for an advisor or client to learn and retain all the rules and nuances of a system as complex as the Social Security retirement system, Cheryl was passionate about developing a training course and providing the ongoing support and expertise advisors need in order to solve even the most complex of Social Security claiming riddles.

If Mike waited until his full retirement age of 66 to claim Social Security, he would collect about $ 2,200 per month.

As noted earlier, the advantage of introducing individual retirement accounts into the picture is to partially repair the present disconnect between individuals» savings and the political decisions about their eventual Social Security benefits.

Save his or her Social Security benefits letter and any kind of information about retirement (CDs, IRAs or 401 (k)-RRB-; life insurance; any revocable or irrevocable trusts; and any burial policies.

For example, rather than generic calls for «expanding» Social Security, we should be talking about how to make the Social Security formula more progressive to better cover low - income Americans with spotty work records and limited access to retirement savings plans.

Philly teachers also receive Social Security (about a third of state and local government workers don't), so the total contribution by the Philly schools system to retirement costs is actually 29 percent of salary.

Even among Iowa teachers who make it to age 55, the state assumes only about 3 percent will make it all the way to age 65 (the normal retirement age for Social Security).

The general wisdom when it comes to saving enough for retirement is to plan to replace about 70 to 90 percent of your pre-retirement income through savings and Social Security.

And so with that they're talking about the solvency of Social Security because there's so many people now at age 65 or close to full retirement age...

But if you're confident that you can handle your spending needs with Social Security and draws from your retirement accounts but you want some extra assurance that you'll have sufficient income later in life — or you feel that income guaranteed to kick in in the future will give you more flexibility about your spending early 0n — then devoting a small portion of your assets to a longevity annuity is probably the better way to go.

It is officially called the Retirement Savings Contribution Credit, or Saver's Credit for short, and it is designed to encourage low - to - modest income individuals and families to save for retirement (which is great if you read about What Young People Should Know About Social Securabout What Young People Should Know About Social SecurAbout Social Security).

Learn about factors to consider as you think about when to start receiving your Social Security retirement benefits.

For more information about your estimated benefit amount if you retire before reaching full retirement age, please call our toll free number at 1-800-772-1213 (If you are deaf or hard of hearing, call our TTY number at 1-800-325-0778) or contact your local Social Security office.

To do that, you'll want to go through a rigorous retirement - income planning process that starts with thinking seriously about how you'll live in retirement and then moves on to such tasks as making a retirement budget; assessing different strategies for claiming Social Security benefits; considering whether you want more guaranteed income than Social Security alone offers (which is where an annuity might play a role); and, settling on a withdrawal rate that has a reasonable shot at making your savings last as long as you do.

But the prospect of a longer retirement raises important questions about whether traditional retirement income streams — such as Social Security, pensions, and personal savings — will be sufficient for you to sustain a comfortable lifestyle as you age.

Robert; My husband and I are on a fixed income (social security and a small retirement income) making about $ 35,000.00 a year for both of us.

Retiring later also provides the opportunity to get a larger monthly Social Security benefit, because each year a person delays claiming benefits past full retirement age (age 66 for people born between 1943 and 1959; age 67 for people born after) increases the monthly payment by about 8 %.

Each person's Social Security benefit will depend on a number of factors, including earnings history and the age at which they claim benefits, but the maximum Social Security benefit for a person retiring at full retirement age in 2018 (between age 65 and age 67, depending on birth date) is $ 2,788 a month — or about $ 33,400 a year.2 To create a personalized estimate for Social Security benefits, use the Social Security Administration's Retirement Estimator.

But even if someone needed retirement income of $ 60,000 a year and could count on Social Security for, say, $ 20,000 of that income — in other words, $ 40,000 a year would come from savings — that would still require a nest egg of about $ 1.3 million at a 3 % withdrawal rate ($ 40,000 divided by 3 % equals $ 1.3 million).

The practical impact of this formula is that a worker with lower wages might expect to receive a social security benefit that replaces about 45 % of those wages on an inflation - adjusted basis, assuming the worker retires at full retirement age.

Longer life spans, increasing uncertainty about Social Security, and the decline of pensions all have made retirement harder and more do - it - yourself than at any point in history.

This worksheet allows clients to take inventory of their assets, and project income versus expenses in retirement to help guide their decisions about taking Social Security income.

The Bipartisan Budget Act of 2015 (Public Law 114 - 74; November 2, 2015), made some changes to Social Security's laws about claiming retirement and spousal benefits.