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• What They Didn't Tell Ya About Money In High School Part 1
• What They Didn't Tell Ya About Money In High School Part 2
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• What They Didn't Tell Ya About Money In High School Part 4
• What They Didn't Tell Ya About Money In High School Part 5
• How to Stop The "N.F.L. Syndrome" From Stealing Your Retirement
• To those who want to save more money in 2009 and beyond...
• To single mothers who need to salvage their 401K's...
• How to Save $100 a Week In Three Easy Steps

About Retirement Calculator, Inc.

CBS The Early Show

Watch the video clip

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• To 30 Something Married Couples...
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• To single mothers who need to salvage their 401K's...
• The Nervous Retiree
• 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
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• FREE Consultation with a certified financial advisor in your area

Senior Social Networking

Senior Social Networking: What's It All About?

Senior social networking is not necessarily something that is a new concept, however the phrase senior social networking seems to reflect trends in other areas. Senior social networking is all about making connections with those who share your interests, with whom you can have great conversations and get out there and enjoy the world. In a broader sense, senior social networking relates to those organizations that you're going to be a part of once you are able to retire and get out of the daily working grind.

However, when you look at senior social networking in that context, a few things are going to start becoming much more clear. First, you are going to want to be sure that those who you are networking with are going to be the people who you enjoy spending time with out on the golf course or over a game of chess. Second, you are going to want to start thinking about where senior social networking groups are going to meet: after all, once you have retired, you just might find that hopping in the car and driving across town or to another city isn't something that you really want to do just for the sake of getting together.

Finally, when it comes to senior social networking, it is important to consider the costs that are going to be associated with different sponsored events. If you work out with other members of the network, you're going to find that there are costs associated with it. If you are going to be spending a fair amount of your time on the golf course, you're going to have to have money set aside for country club dues or greens fees. If you are participating in senior social networking because you want to be able to find companions for travel, you'll have to pay for each of the trips.

In other words, an important part of senior social networking is going to be saving for retirement. The most effective way of doing that involves understanding the differences between various savings accounts and the ways in which investments perform. The best way to gather that information is going to be to download the free retirement calculator that is available at the bottom of this page.

With it, you will be able to take a closer look at your annuity accounts, individual retirement accounts and certificates of deposit to see how much they will be worth once you have retired and are counting on them for income. Likewise, you will be able to look at your investment portfolio to determine whether or not the investments that you have are the ones that are going to help you to reach your goals.

More importantly, you will be able to take advantage of a follow up call from a financial advisor in your area to whom your contact information will be forwarded when you download the retirement calculator. You'll be able to get questions answered and learn more about making sure that you're ready to achieve all of your retirement goals - including being able to take advantage of senior social networking.

All it takes to get started is a download of the free retirement calculator, so what are you waiting for?

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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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.