retirement: I Need to Work Until Age of 67; I am Glad
- 03/09/08 02:46 PM
If god permits, I will have to work until the age of 66 and 8 months before I can claim my full benefits from Social Security. In fact, I will also need to save at least 20% of my annual income from now on, if I am to retire at 67. If there is any interruption of my earnings due to health issues or accidents, I will have to cut back on my expected quality of life during my retirement years. Of course, this is only a very rough guesstimate based on some assumptions such as 4% inflation and earning increase. My … (1 comments)
If god permits, I will have to work until the age of 66 and 8 months before I can claim my full benefits from Social Security. In fact, I will also need to save at least 20% of my annual income from now on, if I am to retire at 67. If there is any interruption of my earnings due to health issues or accidents, I will have to cut back on my expected quality of life during my retirement years. Of course, this is only a very rough guesstimate based on some assumptions such as 4% inflation and earning increase. My … (1 comments)
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