January 11, 2016

What would you gain in dollars by delaying Social Security?

You're probably all aware that delaying claiming Social Security retirement benefits increases your benefit by about 8% each month each year. The Center for retirement research has an online tool to help you see the benefit of delaying. As a New Year's resolution to improve your personal finances take just a few minutes to get an estimate of the value of delaying for you.
"To encourage people to plan better and to become less reliant on Social Security, the Center has developed two online calculators to help you determine how much income you’ll need in retirement and how much workers under 50 should save."

No comments:

Post a Comment

Financial Planning for Women does not sell, rent, loan, lease or otherwise provide any personal information collected at our site to any third parties.