Senior Citizens Struggle To Retire
It's not going to be your parents retirement rewarded at 65 with a gold watch, a guaranteed pension, and health insurance for life. For many senior citizens, retiring is a struggle for some quite a mystery. Earlier generations of workers could rely on employer provided pensions, but now many workers will need to rely on their own work related and personal savings plus Social Security benefits. These savings have to last longer because senior citizens are living longer, often into their eighties and nineties.
A secure, comfortable retirement is every senior citizens dream. And now because we're living longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents did.
Senior citizens can work while receiving Social Security retirement benefits. When they do, it could mean a higher benefit for you in the future. Higher benefits can be important to you later in life and increase the future benefit amounts your family and your survivors could receive.
While senior citizens are working, their earnings will reduce their benefit amount only until they reach full retirement age. After seniors reach full retirement age your benefit amount is recalculated to leave out the months when it was reduced or when benefits were withheld due to your excess earnings.
For 2010, that limit is $14,160. Wow does this excite you? Just think you work your butt off for 40 plus years and nowyou get penalized for trying to make enough money to buy food and pay the rent.
Senior citizens who reach full retirement age in 2010, the limit on your earnings for the months before full retirement age is $37,680.
(If you were born in 1944 or 1945, your full retirement age is 66 years.)
Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings. What that means is senior citizens will either have to work until they drop dead or starve to death instead. This is the appreciation senior citizens receive for being the backbone of this country.
There is hope for senior citizens to regain there dignity thanks to my good friend DR. Raymond Jewell financial expert and well know economist. Dr. Jewell is in the process of launching the first of its kind. He is starting a massive Senior Citizen Movement using the Pay It Forward philosophy to reach Senior Citizens worldwide through viral email marketing.
Join the Senior Citizen Movement today and visit here now to find out more > Your Free Newsletter
Jack Shea
Senior Citizen Movement
Dr. Raymond Jewell
610-280-7000
Skype: rbjewell
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