Sentences with phrase «about social security retirement benefits»

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

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.

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.

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.»

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.

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.

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.

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.

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.

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.

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.

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.

Check out our Social Security retirement income estimator to learn more about your approximate benefit.

These same individuals seeking to enhance their retirement benefits may also have concerns about the seemingly imminent substantial reduction in Social Security payments years from now.

Social Security is a great retirement benefit, but it's possible your clients may be counting on that monthly check a little too much — at the expense of getting serious about building adequate retirement investments.

After factoring in the $ 16,000 * annual Social Security benefit you expect to receive, a $ 10,000 annual pension from your employer, and 4 % potential inflation, you end up with a total retirement savings amount of about $ 800,000.

Leading financial website Bankrate.com has posted an article about how you can increase your Social Security benefit by continuing to work during retirement.

Head to our Social Security Guide to get smart about the government's retirement plan and learn how to maximize your benefits.

✓ Social Security and / or pension benefits won't cover your regular expenses ✓ You're about to retire or are already in retirement ✓ You've accumulated between $ 250,000 and $ 5 million in retirement savings ✓ You have average or above - average health ✓ You're seeking greater certainty in retirement and more of an insurance product

Funding Your Retirement - Planning Strategies See what experts have to say about sources of income, social security benefits, working in retirement, and reverse mortgages.

Social security retirement benefits replace about 40 % of the average earner's salary (not living expenses).

Although Social Security retirement benefits are protected against inflation by annual Cost of Living Adjustments, the estimated average retirement benefit for retirees is only about $ 1,360 a month, and the survivors of workers receive an average of only $ 1,285 a month (in 2016).

This part of our web site explains key facts about the retirement benefit provided by the social security program.

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

Without changes, the Social Security Trust Fund will be exhausted by 2034 and there will be enough money to pay only about 79 cents for each dollar of scheduled benefits at that time, declining to 74 cents by 2090 (based on the current formula).1 This is a reminder that taxpayers are ultimately responsible for funding their own retirements and that their future Social Security benefits may be lower than indicated by the Retirement Estimator.

See the SSA website for more information about the Social Security portion of your retirement benefit.

So this great almost half - century - long debate is only about when to start collecting Social Security retirement benefits when the recipient does not need it.

Consider that Social Security retirement benefits are only designed to replace about 40 % of the average worker's income, so it's fair to expect that the same can be said of survivor benefits.

This great debate is about the optimal age to start collecting Social Security retirement benefits.

If you have average earnings, your Social Security retirement benefits will replace only about 40 percent.

The Social Security Administration already provides such personalized information about the projected annual Social Security retirement benefits that workers can expect to receive if they retire at various claiming ages.

As Social Security benefits rise about 8 % for every year you delay receiving them, waiting a few years to apply for benefits can position you for greater retirement income.1

If you have average earnings, your Social Security retirement benefits will replace only about 40 % of your pre-retirement earnings, so you'll need to supplement your benefits with a pension, savings or investments.

For many Americans approaching retirement, the decision about when to retire and begin drawing Social Security benefits is a critical decision - and for good reason.

As a general rule, early or late retirement will provide about the same Social Security benefit totals over a lifetime.