depends on how much you make and how long you worked
According to the Social Security Administration: "If you were born January 2, 1943, through January 1, 1955, then your full retirement age for retirement insurance benefits is 66. If you work and are full retirement age or older, you may keep all of your benefits, no matter how much you earn. If you are younger than full retirement age, there is a limit to how much you can earn and still receive full Social Security benefits. If you are younger than full retirement age during all of 2009, we must deduct $1 from your benefits for each $2 you earned above $14,160. If you reach full retirement age during 2009, we must deduct $1 from your benefits for each $3 you earn above $37,680 until the month you reach full retirement age."
Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income. Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income.
Typically, an employee needs to work for a company for 5 years to become vested in a retirement plan and earn retirement benefits.
A LOT OF FU**ING MILLIONS...just kidding... it actually depends on the job you had.
How much you should save for retirement depends on a lot of factors such as how much income do you want in retirement and will you have other sources of income in retirement such as pensions or part-time employment. Tax considerations and planned charitable giving should also be considerations. A number of finance websites offer retirement planning calculators. Yahoo offers this "How Much Will I Need To Save For Retirement?" calculator (can be found at http://finance.yahoo.com/calculator/retirement/ret02) which may be a good starting point.
The retirement earnings of a U.S. Air Force Lt. Colonel is based on years of service. With twenty years of service a colonel can earn $4000 a month in retirement. With 26 years of service, the colonel will make $5600 each month.
Retirement Nestegg Calculator Do you know how much it takes to create a secure retirement? Use this calculator to help determine what size your retirement nestegg should be.
You should at least earn $100 to live in Canada.
In this case the Real Rate of Return (RRR) should be used. A worker saving for his retirement, will be concerned with how much goods his money will be able to buy after finishing work. That is why the inflation should be taken into acount. If using nominal rates you would see how much stuff would you be able to buy TODAY with the amount you will have when retired.
in orange county California how much should a dental office manager should earn??
You should see how much you need to save for retirement and also create a retirement income plan. After that you should talk to some people or even find you a representative to see if your plan is on track.
You can make as much as you want. However, if you start drawing Social Security benefits before full retirement age you can earn $16,920/yr. for 2017. If you earn more than that, one dollar in benefits will be withheld for every $2 in earnings above the limit. Once you reach full retirement age, that limit stops.