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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 Investing, Long Term Care Insurance, Liability, Work and Retirement, Reducing Retirement Expenses, Longevity Calculator, Medicaid, Financial Planning for Retirement, Pre Retirement, Social Security, Retirement Communities, Annuity, Politics, Dental, Vacations, Prescription Drug Coverage, Procedures, Budgeting, Spouses, Estate Planning, Life Insurance, Retirement Quotes, IRAs, Asset Protection, Late Stage Retirement, Financial Advisors, Retirement Assets, Doctors, Medicare, Retirement Income, Transitioning to Retirement, Public Employee Retirement System - PERS, Tax Planning, Home Jobs, Medicare Supplemental Insurance, Jobs for Retirees, Vision, Retirement Calculators, 401k
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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: | | Answered by: Tomhanks2009, 01/14/10
Overall Rating: Be the first to rate it. | I think views of Editor is great for you to help. Login to rate this answer: |
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