About Retirement Calculator, Inc.

Recommended Reading

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

Active Adult Social Net work

Will You Be Able to Join an Active Adult Social Network?

Joining an active adult social network is on the list of priorities for many boomers who are starting to think about retirement for a number of different reasons. On one hand, an active adult social network is something that's going to enable them to get out with people who have similar interests and to keep themselves feeling connected. On another, those who have joined these networks will tell you that they are a great way to get out and experience new things without ever feeling out of place or like they're trying to keep up with a younger crowd that they no longer seem to fit into.

However, even those who talk about the amazing benefits of joining an active adult social network will tell you that there are a few things you'll want - and need - to keep in mind. First, there are some expenses involved with a number of different trips and outings. In some cases, there are membership fees that need to be paid to the organization - especially if the network holds a get together at either a country club or a dedicated facility.

While different active adult social network s have different bylaws and fees, and some are more focused on low key events while others get their members out traveling on bus trips, cruises or other vacations, there's one thing that's certain: in order to join after you retire, you're going to have to be sure that you're planning ahead. This is particularly important when you consider that, once you don't have a steady paycheck coming in, if you still owe on your mortgage, you'll need to be making the payments and you'll still have other expenses that come up: utility payments, visits to the kids and grandkids, and there will be other things that you simply will want to be able to do.

The only way to make sure that you'll have the income that you need to meet your financial obligations and to have the money that you want to have available for joining an active adult social network is to plan carefully. In many cases that's going to mean two things. First, you're going to want to make an effort to calculate your retirement income on your own - to use a retirement calculator that will let you take a closer look at the way you are saving and investing to ensure that you'll have the income you need available to you. Second, you'll want to talk with a financial planner who can answer any questions that you have.

When you take advantage of our free retirement calculator, you'll find that you're able to take a closer look at your own finances and whether or not you'll have the income that you need once you retire - income to cover basic expenses as well as to join the active adult social network of your choice. You'll also receive a call from a financial planner in your area who can answer your questions. The follow up call from a financial advisor can ensure that all of your savings and investments are working for you now and that they will continue to work for you in the future.

Don't let joining an active adult social network become a dream that you cannot fulfill. Take advantage of the retirement planning help that's available to you.

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?

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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.