Using Social Security’s Retirement Estimator Tool
Most financial planners agree – it’s never to soon to start planning for your retirement. Indeed, it’s often written that you should start planning for your retirement when you land your first job in your early 20s. There are, of course, many future unknowns and you will need to adjust plans during the journey, but early planning has proven to be the best formula for a comfortable retirement. Here’s something you should know – as you navigate toward your golden years you’ll find that the one constant and dependable financial element in your plan will be your Social Security benefit. Sure, your benefit estimate will change as your earnings history is built, but rest assured that Social Security will be there when you retire. Thus, it’s smart to use Social Security’s Retirement Estimator tool early and often as you plan, to monitor your future SS benefit and see how that fits into your overall retirement strategy. This Forbes article by contributor John F. Wasik explains how Social Security’s benefit estimating tool works to aid your retirement planning. Click here to read more.