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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:
Prescription Drug Coverage, Medicare Supplemental Insurance, Medicare, Retirement Communities, Social Security, Retirement Income, Liability, Annuity, Budgeting, Dental, Tax Planning, Retirement Calculators, Longevity Calculator, Work and Retirement, 401k, IRAs, Public Employee Retirement System - PERS, Estate Planning, Late Stage Retirement, Doctors, Transitioning to Retirement, Medicaid, Pre Retirement, Politics, Financial Planning for Retirement, Vacations, Retirement Investing, Long Term Care Insurance, Financial Advisors, Spouses, Retirement Quotes, Asset Protection, Retirement Assets, Home Jobs, Life Insurance, Reducing Retirement Expenses, Jobs for Retirees, Procedures, Vision
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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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