Jean Chatzky shares urgent advice on Social Security, retirement
The personal finance expert has guidance about how to calculate retirement income, including Social Security benefits.
Making plans to retire is not something that can — or should — be done on a whim. It takes years of prioritizing, calculating and saving.
Before you clock out for that last time, one of the most important numbers you need to have on hand is an estimate of your yearly expenses.
It can be hard to predict exactly what those numbers will look like while collecting Social Security in retirement, since so many external factors play a role in the calculations. But making a plan that takes into consideration whether you intend to spend more, spend less, or spend about the same amount is a good place to start.
