You can start Social Security retirement benefits at any age between 62 and 70, with the amount of your monthly benefit increasing the longer you wait within that window. That structure means that the average recipient would receive around the same amount over his or her lifetime no matter when that person started collecting. Of course, no individual is truly average...
Creating Your Retirement Paycheck
From the date you started your career to the final day on the job, you probably were working on an important goal: saving for retirement. You may have set up retirement accounts through your company, invested in the markets or sold a business to fund your retirement years. Whatever methods you used, once you hit retirement, it’s time to plan your income differently....
5 Things Women Need To Do For Retirement
Planning for retirement is every bit as much a concern for American working women as it is for working men, and perhaps more so. After all, women make up fifty-seven percent of women participate in the labor force, and among women with children under age 18, that figure rises to 70 percent. At the same time, women face unique retirement saving and planning challenges...
Not Gonna Do It
If you've been walking around thinking that Social Security will cover most of your bills in retirement, it's time to set yourself straight -- and start saving for the future. While the amount of money you'll need in retirement will depend heavily on your lifestyle and goals, most seniors will require around 80% of their former income just to cover the basics....