How Much Will You Get From Social Security?
June 27th, 2008
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Ever wonder how much you can get each month with Social Security?
The answer is online with the Social Security Quick Calculator.
Just enter your birthday and your current income (no one asks for your name or number) and the calculator shows how much you would get per month in today’s dollars — or, if you like, inflated dollars. The amounts show what happens if you retire now, if you retire with full benefits and if you retire at age 70.
There is a value to the calculator and it is this: Could you live on the amount available from Social Security? If not, where do you get the extra dollars that you’ll need for everyday living?
When you look at the numbers from Social Security you can understand why demand for reverse mortgages is going to increase.
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