Here's the bad news: The government may tax up to 85% of your Social Security benefit. The good news: It's possible to manage how much of your Social Security is taxed.
Retirement may start a new phase of your life. This pre-retirement calculator is designed help you assess how well you have prepared and what you can do to potentially improve your retirement outlook. You also should consider re-evaluating your preparedness on an ongoing basis. Changes in economic climate, financial markets, and your personal situation may impact your strategy.
Due to increasing life expectancies, many are concerned they may outlive their retirement savings. Use this calculator to help determine when your retirement savings account may be depleted given a specified monthly income target. Remember, you currently may be in receipt of a company pension or Social Security that may help supplement your retirement savings accounts.
Albert Einstein was attributed as saying, "The hardest thing in the world to understand is the income tax." Use the following calculator to help get a rough estimate of your tax liability.
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