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Social Security introduces a new “Retirement Estimator” that lets you calculate your retirement benefits

It's never too early to begin planning for retirement and this month Social Security introduces a new “Retirement Estimator” at www.socialsecurity.gov that helps us get a handle on where we stand on benefits. This lets us make many desitions from how long to stay in the workplace, how much we need to set aside to build a comfortable retirement reserve and how much risk we can afford with our investments.

The Estimator also will let you create “what if” scenarios. You can, for example, change “stop work” dates or expected future earnings to create and compare different retirement options.

To protect your privacy, only the final retirement estimates are given to you online. The Retirement Estimator does not show your earnings record information on which the final benefit estimate was calculated. And it does not reveal any personal information, such as your address, earnings or other information, that could lead to identity theft.

Posted on Saturday, July 26, 2008 at 05:15PM by Registered CommenterPaula | CommentsPost a Comment

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