Publishes New Articles that Provide Retirement Planning Advice on Social Security

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Personal Finance Expert Walter Edelstein has published new content on Personal Finance Site Network that provide retirement planning advice about various aspects of the Social Security program including how it should not necessarily be counted on as the foundation of a retirement plan, especially for those under the age of 40. Personal Finance Site Network Personal Finance Site Network

Be sure not to absolutely count on receiving Social Security, and don’t forego your own retirement saving in reliance on these numbers, especially if you are under 40 years old.

Personal Finance expert Walter Edelstein, CFP® is providing updated financial information and timely retirement advice on many aspects of the Social Security system, with a focus on how consumers should not necessarily expect Social Security to be the foundation of a retirement plan, and how they need to look at other sources for retirement income. Consumers continue to need to get objective information on best practices they can use to improve their retirement situation. Personal Financial Site Network provides consumers with free information and easy to implement practical ideas to help them achieve their personal financial goals. Following is a summary of some of the “How to” articles on retirement planning that have been published on Personal Finance Site Network recently.

How Much Can You Count on From Social Security?

Despite all the uncertainty surrounding the future of the Federal Social Security program, most consumers still count on being able to receive some type of Social Security benefit when retiring. While it would be unwise to rely on receiving any specific dollar amount each month in benefits – since benefit calculations may very well change in the future – it’s still useful to take a look at what one might expect to receive.

Having a general idea of your likely Social Security benefits might make it easier to calculate the other aspects of a retirement savings plan. According to Mr. Edelstein "be sure not to absolutely count on receiving Social Security, and don’t forego your own retirement saving in reliance on these numbers, especially if you are under 40 years old". This article provides consumers with much of the terminology and options for how to collect Social Security benefits.

Why Social Security Shouldn’t be a Part of Your Retirement Plan

A well rounded retirement plan is likely to have a number of different savings and income components. For example, one may be fortunate enough to have a defined benefit pension plan through an employer, or have a 401(k) account through past and present employers, as well as Roth and traditional IRAs. Consumers may even have annuities and one or more life insurance policies with an investment feature.

Notice that the list above does not include an income source that many people would first think of when they consider retirement – the federal Social Security program. According to Edelstein "it would be prudent to not include any future Social Security benefits in a retirement plan, especially if your under 40 years of age." This articles discusses some important reasons why Social Security should not be the foundation of a retirement plan.

Answers to the Most Common Social Security Questions

For some, Social Security is perhaps the most valuable benefit an individual will ever receive from the federal government. For many people, Social Security will be a significant component of their retirement income. Unfortunately, individuals who have not saved for their own retirement may end up relying almost entirely on Social Security during their retirement years.

"Despite it being so often talked about, there is still a significant lack of understanding about some basic terms and conditions of the Social Security program; even questions relating to eligibility and benefits" according to Edelstein. The rules relating to Social Security eligibility and benefits continue to change, and this article discusses what many of the current options are for collecting Social Security.

About Personal Finance Site Network Personal Finance Site Network was launched in 2009, and since then has provided consumers with hundreds of free articles and financial tips across a broad array of personal finance topics. Several of the sites in Personal Finance Site Network include:

Credit Card Advice – where consumer can learn how to establish credit, protect credit, choose the right credit card, and unlock the secrets of a credit report.

Banking Advice – where individuals can discover the ins and outs of checking accounts, savings opportunities, direct deposit and other services offered through banking institutions.

Mr. Edelstein has financial experience that spans over thirty years. It includes being a Certified Financial Planner™, having a Master's Degree from Columbia University, and having served as Chief Marketing Officer for a major online bank where he honed his online marketing skills to help consumers achieve their financial goals. proudly reaches out with this network of personal finance websites to help individuals and families discover the path to financial knowledge.

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