Senior Retirement

0 comments
Senior Retirement


2011

Ric Dalberri, Founder of Retirement USA

Thinking of retiring? Here are some things to consider.

  • The average 65 year old of today will live to age 83
  • One
    in four 65 year olds will live to age 90
  • One
    in ten 65 year olds will live to age 95

Keep in mind that senior retirement can have more than one
meaning.

* It can mean that you will fully retire and not work.

* It can mean that you chose to receive Social Security and continue

to work.

* You may choose to work part time.

* You may choose to retire early. Not at your full
retirement age.

All of these choices are available to you. Your retirement
decisions can have an effect as to how you are able to maintain a comfortable
retirement.

What is the best option for your senior retirement?

Of course, everyone’s situation is different. Social
Security has created senior retirement planners to help you decide what would be
best for you and your family. They have a new online calculator that can help
you in your senior retirement. The estimator is secure and a great financial
tool. This will enable you to create your own ‘what if’ scenarios. Check out
the Social Security web site.

During your senior retirement, when you reach your full
retirement age, you can work and earn as much as you want while collecting your
Social Security benefits and not be penalized. If you retire before your full
retirement age and your earnings exceed certain dollar amounts, some of your
benefit payments will be withheld.

Don’t forget Medicare. Even if you don’t plan to receive
Medicare, you should sign up for Medicare three months before your 65. If you
do not do this, your Medicare medical insurance and prescription drug coverage
could be delayed and you could be charged higher premiums when you do finally
apply.

You’ve made it this far. Why not go the distance in style
and grace. Good luck and keep up a great attitude. It’s all in your hands as to
how you plan to enjoy your senior retirement.