Not exact matches
The real question is whether your nest egg will be able to generate enough income, combined with
Social Security, to maintain your
standard of living in
retirement.
By delaying
Social Security benefits, and dipping into your
retirement portfolio early on, you can help to ensure the longevity of your funds along with a proper
standard of living so you can enjoy the
retirement you deserve.
One solution for prolonging the length of
retirement funds and maintaining decent
standard of living in
retirement is to put off receiving
Social Security benefits.
The best
standard for a secure
retirement includes
Social Security, personal savings and a defined benefit pension.
After all,
retirement symbolizes the end of
standard work obligations, and one's growing income is often replaced by a fixed income from sources like
social security and pensions.
Many people actually need less income to maintain their
standard of living in
retirement because they're no longer contributing to
retirement plans and paying
Social Security and Medicare taxes.
The goal is to arrive at a balance that's right for you: enough assured income from
Social Security and an annuity to provide the level of security and comfort you need, but also enough in a portfolio of stocks, bonds and case to give you flexibility to meet unanticipated expenses and to prevent inflation from eroding your living standard over a long ret
Security and an annuity to provide the level of
security and comfort you need, but also enough in a portfolio of stocks, bonds and case to give you flexibility to meet unanticipated expenses and to prevent inflation from eroding your living standard over a long ret
security and comfort you need, but also enough in a portfolio of stocks, bonds and case to give you flexibility to meet unanticipated expenses and to prevent inflation from eroding your living
standard over a long
retirement.
As with
Social Security retirement and SSI federal payment
standards, the SSI student exclusion amount is tied to changes in the inflation rate.
Retirement plans have certain limitations; and
Social Security together with a
retirement plan usually does not provide sufficient income to allow the retiree to maintain the
standard of living to which they have become accustomed.