Social Security Benefits Calculator
27 December 2006Here’s a nice little online tool I ran across from the Social Security Administration: a calculator to tell you how much you’re going to get each month in social security. For the younger among us it’s not that useful, mainly because it’s such a crap-shoot as to whether or not it will be around, in the same form, or at the same benefit levels. Making precise predictions about what will happen 40 years from now is basically impossible. But if you’re nearing retirement, it’s very useful – all you have to put in is your age, earnings, and date of retirement if you want to retire early. If you’re over 50, this should be your first stop in figuring out a retirement plan because it’s the minimum you’re going to make on retirement. That will help you figure out how much more you’ll need to supplement your payments.
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