The key word is when you retire. Your monthly check is loosely based on what you’ve paid into the system; but once this amount is determined, you receive different percentages of this base amount depending on your retirement age. The chart below explains how this works.
Retirement planning involves some complicated decisions. Clients should check with us before implementing a retirement plan.
He is also a founding Board Member and Finance Director of the Fayette Pregnancy Resource Center and serves on the Board of the National Equal Rights Institute.
Latest posts by David Conley (see all)
- Should you be paying “your fair share”:
We destroy another tax myth with facts- March 20, 2019
- Cliff notes of the new tax law:
Our cheat sheet guide to tax reform- March 16, 2019
- March madness-tax humor:
Bracket can be in the eye of the beholder- March 10, 2019