Retirement Independence
July 3rd, 2008
Related Stories
- AARP Outlines The “Four Pillars of Retirement”
- Group Calls For Social Security Reform
- Senior Issues: Obama & Social Security
- Social Security Benefits to See Biggest Increase in 26 Years
- How Much Will You Get From Social Security?
Story Tools
Tomorrow is July 4th, Independence Day, so now is a good time to think about personal financial independence.
In considering this matter I am reminded of the time when I was at a social event and two people were sitting on a couch discussing Social Security. They did not know each other, but I knew them both and knew that between them they likely had $25 million in the bank.
How curious that they would be talking about Social Security. Plainly it was not the money that was an issue, rather it was the idea that they had worked over a long period of time to qualify. Although very successful, they had a great deal of pride in the fact that they had earned Social Security benefits.
What about you?
If Social Security is part of your retirement funding then you need to know how much to expect — and when.
Step One — There’s a lot of information on the official Social Security site: http://www.ssa.gov
Step Two — Get a copy of your official Social Security statement. (after you go to the page and read the material, press the link at the bottom)
Step Three: The site has several calculators that can be helpful for retirement planning.
Social Security, of course, should be only one part of your retirement income along with investments, pensions, retirement funds, etc. As well, of course, the equity in your home can be part of the retirement mix if you elect to get a reverse mortgage.
Related Resources You May Like
RSS Feed
