Sentences with phrase «like social security retirement benefits»

Well, it will depend on your earnings history, just like Social Security retirement benefits depend on them.

Well, it will depend on your earnings history, just like Social Security retirement benefits depend on them.

Not exact matches

Plus, those extra years could help your retirement planning in other ways, like increasing your Social Security benefit, too.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

Our hypothetical retiree is getting $ 15,000 from Social Security benefits, $ 10,000 from a private pension, $ 15,000 from retirement savings like a 401 (k) or IRA and $ 10,000 in wages.

The best age for Social Security benefits depends on personal and financial factors, like your current cash needs, retirement plans, health and family history.

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.

And unlike a system like Social Security, which awards lower - paid workers with proportionately higher retirement benefits, teacher pension systems lack these kinds of protections.

Policies like Social Security's delayed retirement credit reward individuals who retire later with an increased percentage of benefits and encourage workers to work for more years.

So in the years leading up to retirement, check out Social Security's Retirement Estimator to see what size benefit you're likely to receive, and then check out a calculator like Financial Engines Social Security tool to explore ways you might boost the total amount you receive.

✓ Social Security and / or pension benefits won't cover your regular expenses ✓ You're over 45 but not too far into 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 ✓ You'd like to reduce your Required Minimum Distributions and defer associated taxes

We define ECI to be adjusted gross income (AGI) plus: above - the - line adjustments (e.g., IRA deductions, student loan interest, self - employed health insurance deduction, etc.), employer paid health insurance and other nontaxable fringe benefits, employee and employer contributions to tax deferred retirement savings plans, tax - exempt interest, nontaxable Social Security benefits, nontaxable pension and retirement income, accruals within defined benefit pension plans, inside buildup within defined contribution retirement accounts, cash and cash - like (e.g., SNAP) transfer income, employer's share of payroll taxes, and imputed corporate income tax liability.

By that point, the hopelessness of Federal social insurance programs like Social Security and Medicare, plus underfunded Federal and state retirement plans, will force benefit reductions and tax increases on the US, and crimp borrowing capacity, unless they borrow in a currency other than dosocial insurance programs like Social Security and Medicare, plus underfunded Federal and state retirement plans, will force benefit reductions and tax increases on the US, and crimp borrowing capacity, unless they borrow in a currency other than doSocial Security and Medicare, plus underfunded Federal and state retirement plans, will force benefit reductions and tax increases on the US, and crimp borrowing capacity, unless they borrow in a currency other than dollars.

In a retirement - planning context, you would want to save enough so that drawing on 4 % of your retirement portfolio each year would supplement your other retirement income, like Social Security benefits or annuity or pension payments, to cover your projected retirement budget.

(It also has a space for «other income», which is for things like interest, dividends, social security, retirement benefits, etc..)

A Fixed Indexed Annuity (FIA) is a retirement savings tool that complements other pension plans like 401 (k) s, social security benefits, and individual retirement accounts (IRAs).

The increase of $ 15 per month in example 2 may not seem like much, but you should bear in mind that it applies every month for the entire period you receive social security retirement benefits, and it will be adjusted for inflation over the years.

You're allowed to provide the combined total of any income, such as government benefits like Social Security, interest or dividends from investments and retirement accounts, income from a side job or part - time job, alimony, child support and so on.

These non-workers compensation benefits (like short term disability, long term disability, retirement, social security, or unemployment) can affect your workers compensation claim and benefits.

Our hypothetical retiree is getting $ 15,000 from Social Security benefits, $ 10,000 from a private pension, $ 15,000 from retirement savings like a 401 (k) or IRA and $ 10,000 in wages.