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Let’s see how your life might be impacted by the Social Security system. Go to S
Let’s see how your life might be impacted by the Social Security system. Go to Social Security Administration website (Benefit Calculators | SSALinks to an external site.) and access the benefits estimator. Change the parameters for retirement such as age and income. What are your expected benefits if you retire at age 62 1/2? At age 67? At age 70? What will happen to your benefits if you increase the rate of income growth? How do you feel this will impact you during your retirement years?
Type at least 2 paragraphs explaining your response.
My information:
I don’t make much income as a college student but my current income for the year 2020 is $5000, the year 2021 $10,000, the year 2022 $10,000
At age 62 1/2 my benefits would be $758 per month
At age 67 my benefits would be $1046 per month
At age 70 my benefits would be $1297 per month
These results are based on my income as a current college student
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