Chapter 11: 11.2 #2 (p. 276)
- As part of your planning, how can you estimate what you can expect from Social Security as a contribution to your retirement income? Find this answer by going to http://www.ssa.gov/retire2. Using the menus at this site, find out your retirement age.
- How many credits toward Social Security do you have now?
- How many do you expect to accumulate over your working life?
- Use one of the benefit calculators to find your estimated Social Security benefit. How much could you receive monthly?
- Would you be able to live on your Social Security alone?
- How much more would you need to save for? What would happen if you continued to work or went back to work after taking your retirement benefit?
- What would happen if you took your benefit before your full retirement age?
Chapter 14: 14.1 #1 (p. 340) [no need to discuss with classmates]
Go to a financial news source to find out the status of all the economic indicators at this time. Make note of your findings and the date for purposes of comparison.
- How does the information inform you as an investor?
- How might these survey results inform you as an investor?