Boost Your Income 70

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Posted on February 27, 2019 at 19:39 PM

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Delayed Retirement Credits. Social Security retirement benefits are increased by a certain percentage (depending on date of birth) if you delay your retirement beyond full retirement age.. The benefit increase no longer applies when you reach age 70, even if you continue to delay taking benefits.
Retirement income: Living on more than $60,000 a year
Table 2: Investment return of 3% (with PART Age Pension in some cases) If you earn 3% a year on your savings (rather than 5% or 7% a year) during retirement then you will need significantly more money when you start retirement and you can expect no PART Age Pension in the early years of retirement, unless you are part of couple and you expect an income of $60,000 or less.

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