Are your estimated benefits sufficient in your opinion

Reference no: EM133205829

Question 1: Visit the U.S. Social Security Administration opens in new window website and locate its retirement estimator. Estimate your Social Security retirement income based on expected income and number of years you will be working. Are your estimated benefits sufficient in your opinion? If not, what else might you do to ensure that you are comfortable in your retirement?

Question 2: Visit the AARP opens in new window website and find the organization's 401(k) savings calculator. Enter your percent to contribute, annual salary, current age, and expected annual salary increase. Based on the information provided, what will be your total estimated 401(k) retirement savings by the time you retire? Do you think this amount will be sufficient? Why or why not? (The AARP website changes - but as of 11/29/21 - here is the direct link for the calculator:

Reference no: EM133205829

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