Latest News
What Will Your Lifetime Social Security Income Be? - Motley Fool
When thinking about Social Security, it may be helpful to estimate how much money you’ll receive over the rest of your life once your benefits start. Among other things, that can help you plan for how much of a nest egg you should try to build before retiring. And, actually, estimating your total lifetime SS benefits is a fairly easy exercise if you know two basic things – how much your benefit will be at a given age, and what your life expectancy is. The former you can get at your personal “my Social Security” online account (www.ssa.gov/myaccount), and the latter you can get by considering your health and family history (or you can use this life expectancy calculator). Knowing what your future Social Security benefits will be is an important step toward planning for your retirement future, as explained by Kailey Hagan in this Motley Fool article.
If you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. Learn more about it here…