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For example, a person can retire at age 62, as much as four years prior to their full retirement age and their benefits will be reduced by 25 percent. But these famous retail stores, drugstores, and groceries also carry retirement cards that you could give to your co-worker or your boss. At age 63 they would receive a 20 percent reduction of the full amount and at 64, a 13 and one-third percent cut and at age 65, their benefit would be reduced by six and two-thirds percent. Simply dividing by 12 gives you a monthly amount you will need to deposit. Additionally, REDUX offers a catch-up benefit to bring it in line with the High-Three Average benefit you reach the age of 62. The next item on the list is how much money is currently saved from all sources, such as savings account, IRA, 401K planes and others, followed by how much needs to be put away, by month, for the remainder of the working life.
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The maximum amount a person can earn each year without losing benefits is currently ,960 and the Social Security retirement benefits will be reduced by for each earned over that limit. There are also benefits to those who choose to work beyond their full retirement age, and those working but receiving benefits can see their benefits increase for each month they work past their retirement age. There are also benefits to those who choose to work beyond their full retirement age, and those working but receiving benefits can see their benefits increase for each month they work past their retirement age.

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Giving A Great Retirement Speech


Retirement parties are not always a fun event. People attend the parties out of obligation and respect for the person who has reached the end of their career and are not usually excited to be attending. The retiree is facing a complete change in their life and may not always be completely happy with the idea of retirement. As a whole a retirement party has the potential to be a boring and depressing event.

One way to insure a successful retirement party is for the retiree to give a great retirement speech. There are several things to think about in planning the retirement speech and several ways to make the speech enjoyable and memorable for the listeners. With some careful thought and planning the retirement speech can be as successful as the career of the person retiring and will be a great finish to a lifetime commitment.

Keys To Success

The first thing the speech maker needs to remember is to make the speech simple and personal. The speech giver should be them self and not attempt to put on airs or be overly impressive. People attending the retirement party are well aware of the personality and identity of the retiree and will not be fooled by an elaborate speech. The retirement speech should be an extension of the person retiring and should simply convey the thoughts of the speaker.

The retirement speech should also incorporate a bit of humor. Of course there are people who are incapable of telling a joke or funny story but it is nice for a person to tell something humorous from the past years spent in their career. This type of story is also a good way for a person to share something they learned over the years or to express gratitude for those who contributed to their career.

The retirement speech should also be kept to just a few minutes with a maximum of twenty minutes being adhered to. It has been proven many times that people have limited attention spans and will be most apt to hear and remember something communicated in short amount of time. People are glad to hear the speaker share some key thoughts but do not want to hear a rambling discourse.

Once the retirement speech has been written the speaker should have an honest friend or relative listen to it one time prior to the event. The friend can give some insight as to possible changes or omissions that need to be made. The person can also offer encouragement to a person who is not used to making speeches and is intimidated by the thought of speech making.