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• What They Didn't Tell Ya About Money In High School Part 1
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• What They Didn't Tell Ya About Money In High School Part 5
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About Retirement Calculator, Inc.

CBS The Early Show

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• Why You Need Retirement Calculator Software
• Analysis of the Economics of Early Social Security Withdrawal

• FREE Retirement Calculator recommended by Ray Martin on the CBS Early Show - Watch the video clip
• FREE Retirement EBook written by Bill Losey, America’s Retirement Strategist
• FREE Retirement Intelligence Information Services Newsletter
• FREE New Social Security Calculator
• FREE Consultation with a certified financial advisor in your area

Social Networks for Seniors

Looking for a Social Network for Seniors?

A social network for seniors is probably a little bit different than the sort of social networking that is often talked about in the news, and it's assuredly different than social networks online. Instead, a social network for seniors is more of a group that allows seniors and other retirees to get together, participate in meals, travel for both short, day long trips and longer tips, and even to go out and enjoy a day of golf.

The challenge, of course, in many cases is that a social network for seniors is not going to be something that is funded by the community. In order to take advantage of a social network for seniors, you're going to want to be sure that the savings for and investments that you have made in your retirement will be enough to not only cover your day to day expenses - utility payments and, in some cases, housing costs - as well as all of the things that you want to be able to do like being an active member in a social network for seniors.

While you may be saving for your retirement with individual retirement accounts, certificates of deposit and other savings accounts, and while you may have a combination of bonds, stocks and mutual funds that you have invested in, how can you be sure that you will have access to the finances that you'll need for everything that is important to you during retirement? One way that you can start to get a better sense of whether or not your will be able to join a social network for seniors is to download the free retirement calculator at the bottom of this page.

With the free retirement calculator, you will be able to enter basic information about your savings accounts and to get a sense of whether or not, once changing interest rates and the rising costs associated with inflation are taken into consideration, your accounts will continue to grow. Likewise, you will be able to look at the stocks and mutual funds that you have invested in - both individually and as a group - to see how they have performed over time, how they are performing now, and whether or not they are projected to do well long into the future.

Also, with the free retirement calculator, you will be able to look at the ways in which small changes to your savings accounts or investment strategy may be able to help you to reach your financial goals faster and with fewer shake ups along the way. But that does not mean that you will be on your own: when you download the free retirement calculator, your contact information will be forwarded to a financial advisor in your area - someone who will give you a call and help you to find the answers that you need to make all of your retirement goals attainable.

Why wonder whether or not you will be able to join a social network for seniors? With the right tools, you will be able to plan ahead and know that you will have the savings that you need for all that you want your retirement to be.

Find a Qualified Financial Planner in Your Area

Do You Know the Answers to These Important Retirement Questions?

• Are you retired or thinking about retiring?
• Do you have enough money to comfortably live throughout your retirement years?
• Would you like FREE face to face advice or retirement consulting from a trusted local financial advisor?
• Are you looking for help to achieve your long-term financial goals?
• Would you like to learn more about Annuities, 401's, Life Insurance and Long Term Care?

Would you like to retire, but aren't sure you can?

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Everyone who has thought about retirement has asked themselves these and other questions. Now you can get ALL the answers in Retire in a Weekend! This short, simple, humorous, easy-to-understand book answers the 10 most popular questions and addresses the 5 biggest concerns people have about retiring! So stop asking yourself IF you can retire ... with Retire in a Weekend! you'll learn HOW to actually do it.

For a limited time, purchase Retire In a Weekend for $29.95 and receive a free download of Retirement Calculator Premium.

Analysis of the Economics of Early Social Security Withdrawal

Robert J. Phillips
Chief Retirement Consultant

Deciding whether or not to take the early withdrawal of social security at age 62 can be difficult. If you need this income at 62 to fund your retirement the decision is fairly straightforward. Take it early! On the other hand, if you have another source of revenue to fund your retirement your decision will be primarily based on lifestyle, health and investment preferences.

Several factors can affect your decision. First is your life expectancy. If you are in good health and have a family history of living beyond 90 then waiting for full benefits may be best. Two other factors impact this decision. First and most important is the value of money or your expected return from your investments. If you are using other investments instead of social security to fund your retirement you should use the rate of return of these investments as your value of money. There is another way to look at the value of money. If you do not require the social security money to live, you can invest the distributions for the future. The rate of return of this investment is your value of money. If your investments will make larger returns such as stocks this would favor taking the early withdrawal.

The last factor impacting your decision is inflation. Social security includes an annual adjustment based on inflation. You cannot control this variable but you should be aware of its impact. If future inflation is significant it will favor a later full distribution

FREE Social Security Calculator:

We developed a calculator to assist in analyzing the impact of taking early benefits at age 62 or waiting for full benefits at age 66 to 67 depending on the year you were born...If you were born in 1960 or later your full benefits will begin at age 67 and your reduction for early benefits at age 62 will be 30%. If you were born between 1946 and 1960 your full benefits begin as early as age 66. We have included a chart that summarizes information.

To use the calculator you need to input your year of birth. You also need to input a value of money up to 10% and a projected inflation adjustment. The calculator analyzes income generated over time from both the early and full benefit investments. It calculates the age at which full social security will catch up and breakeven with the early withdrawal. If you were born before 1960 your breakeven age will be impacted by the year you were born. An early breakeven age favors waiting for full benefits.

The social security calculator is not the final answer whether to take an early withdrawal but it does give you additional economic data to assist in that decision. Ultimately you must balance income, investments and lifestyle to optimize your enjoyment during your retirement years.