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QUESTION:
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Time to retire | | How do you determine the amount of retirment you will recive? |  | asked by blueagle1, 9/30/2009 |
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Categories:
Retirement Quotes, Life Insurance, Estate Planning, Transitioning to Retirement, Work and Retirement, Retirement Assets, Retirement Communities, Medicare, Doctors, Long Term Care Insurance, Medicare Supplemental Insurance, Jobs for Retirees, Annuity, Public Employee Retirement System - PERS, Home Jobs, Social Security, Financial Planning for Retirement, Vision, Retirement Investing, Politics, Liability, Pre Retirement, Procedures, Asset Protection, Spouses, Financial Advisors, Retirement Income, Prescription Drug Coverage, IRAs, Budgeting, Longevity Calculator, Reducing Retirement Expenses, Medicaid, Late Stage Retirement, Retirement Calculators, 401k, Tax Planning, Dental, Vacations
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| ANSWERS: | | Answered by: Editor, 10/03/09
Overall Rating:  Be the first to rate it. | The NewRetirement Retirement Calculator could help you understand this question.
https://www.newretirement.com/Plan/Retirement_Planner.aspx
Planning for retirement is indeed complex. You need to plan to have enough money to cover your monthly expenses for as long as you will live. And you also need to have a plan for health care -- out of pocket health care expenses are higher than most people imagine and Long Term Care costs are extremely expensive and not covered by Medicare.
Retirement income usually comes from Social Security, your own savings and -- if you are lucky -- a pension.
If you are asking specifically about Social Security, you will need to contact the Social Security Administration.
If you are asking about a pension, you will need to contact your employer. Login to rate this answer: |
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