Planning to Retire in 2030? Read This Before You Collect Your First Social Security Check.
If you're planning to retire within the next five to 10 years and are thinking about where Social Security fits into your retirement strategy, you're already ahead of the game. By understanding how Social Security is calculated, how early or late retirement can impact your monthly benefit, and how to check where you stand, you'll be in a great position to make the best financial decisions for you and your family.With that in mind, here's a quick pre-retiree's guide to how your Social Security benefit is calculated, how to check where you stand, and other important details you should know a few years before you file for benefits. I'll also discuss whether you should be worried about Social Security running out of money.Image source: Getty Images.Continue reading
If you're planning to retire within the next five to 10 years and are thinking about where Social Security fits into your retirement strategy, you're already ahead of the game. By understanding how Social Security is calculated, how early or late retirement can impact your monthly benefit, and how to check where you stand, you'll be in a great position to make the best financial decisions for you and your family.
With that in mind, here's a quick pre-retiree's guide to how your Social Security benefit is calculated, how to check where you stand, and other important details you should know a few years before you file for benefits. I'll also discuss whether you should be worried about Social Security running out of money.
Image source: Getty Images.
