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One of the most important factors when planning for your retirement is knowing how much money you will need during your retirement years.

However, according to the U.S. Department of Labor…

fewer than half of all Americans have calculated how much money they’ll need in retirement.


rpguideGet the guide: 5 Tips on Planning for Retirement

Social Security: Know Your Options

Knowing when and how to claim your Social Security retirement benefits can be confusing and sometimes overwhelming. Make sure you ask questions and more importantly, make sure you understand the answers. A few things to consider:

  • Claiming strategies have changed!

  • Know your “Full Retirement Age”

  • Know when to turn on your benefits

  • Ask questions, seek advice!

  • Work with a financial professional

72 %

of people surveyed receiving Social Security Benefits, said it accounts for at least 50% of their income.

Source: “Longevity Risk and Reward for Middle-Income Americans,” Bankers Life and Casualty Company Center for a Secure Retirement, in conjunction with the Boomer Project.