2036 is the landmark year in which Social Security funds will be exhausted. So for future generations, this means there have to be other options to plan for retirement. While a lot of people don’t like the idea of increasing the amount of money that comes out of their checks for future retirement, but there…
Tag Archive: Retirement
Social Security Benefits for your Spouse
You may know how to calculate social security benefits for yourself when you retire. But did you know that when you retire, your spouse also receives benefits? As a retired worker eligible for social security, benefits for your spouse will be 50% of your benefits, if he or she retires at full retirement age.
Social Security Benefits – The Six Categories Of Benefits
The Social Security Administration offers six categories of benefits: retirement benefits, disability benefits, family benefits, survivors’ benefits, medicare, and supplemental security income benefits. Here’s a brief overview of each benefit and its qualifications.
Work Less, Live More By Bob Clyatt | Book Review
What would you do if you could retire a decade or two earlier? Would you travel the world? Volunteer for a worthy cause? Develop a hobby? Just because the government suggests that you work until age 67, it doesn’t mean that you absolutely must follow their suggestion. In this book, Clyatt shows us that with…
How To Calculate Social Security Benefits
Understanding the steps to calculate social security benefits may not be the easiest thing in the world to do, but here’s my attempt to demystify the process. There are two basic steps to determining your monthly benefits. The first step is computing your average indexed monthly earnings, or AIME. The second step, which incorporates the…
