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Never Too Soon To Think About Retirement

April is National Financial Literacy month.

Social Security has a few things for those ready to start saving for retirement and even those who may think they are not ready to start preparing for retirement. Jack Meyers, Public Affairs Specialist with Social Security says it is never too soon to start financially preparing for retirement. He points out Social Security is not meant to be one's only means of support during your retirement years.

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It is recommended to save an estimated 80% of pre-retirement income levels to maintain your lifestyle during retirement. Meyers says it is also a good rule of thumb to estimated 30-40% of your income will be what you receive from Social Security from during retirement, if you work until the full retirement age.

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Meyers recommends a couple of websites to help those preparing for retirement, at whatever stage of life they may be. Choosetosave.org/ballparkestimator. Meyers says the website will take various figures you have to turn them into numbers that you can relate to.

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