VyStar Investment Services

76 S Laura Street
Jacksonville, FL 32202
904-908-2495
vismarketing@vystarcu.org
www.vystarinvestmentservices.com
 
 




Social Security Break-Even Calculator
Social Security Break-Even Calculator

What is the best age to start receiving Social Security retirement benefits? To help make that decision, this calculator compares the cumulative Social Security retirement benefits paid beginning at three different starting ages, and estimates how long it takes for the cumulative benefits begun at a later age to equal or "break even" with the cumulative benefits begun at an earlier age.


The total cumulative benefits you receive can be affected by a number of factors, including the age at which you begin receiving benefits and how long you live.


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You can use the Retirement Estimator calculator available at the Social Security Administration's website (www.ssa.gov) to calculate your monthly benefit amounts. Full retirement age (FRA) is between 66 and 67, depending on your birth date. Refer to the table below to determine your FRA. While your actual FRA may fall in the middle of a calendar year, for this calculator, use age 66 if you were born between 1942 and 1957. If you were born in 1958 or later, use age 67.

Full Retirement Age
If you were born in:Your full retirement age is:
1943-195466
195566 and 2 months
195666 and 4 months
195766 and 6 months
195866 and 8 months
195966 and 10 months
1960 or later67


Securities and Advisory Services are offered through LPL Financial, A Registered Investment Advisor, Member FINRA/SIPC.  Insurance products offered through LPL Financial or its licensed affiliates.  The investment products sold through LPL Financial are not VyStar Credit Union deposits and are not NCUA insured.  These products are not obligations of VyStar Credit Union and are not endorsed, recommended or guaranteed by VyStar Credit Union or any government agency.  The  value of the investment may fluctuate, the return on the investment is not guaranteed and loss of principal is possible.  VyStar Credit Union and VyStar Investment Services are not registered broker/dealers and are not affiliated with LPL Financial.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.   All performance referenced is historical and is no guarantee of future results.  All indices are un-managed and may not be invested into directly.   The information provided is not intended to be a substitute for specific individualized tax planning or legal advice.   We suggest that you consult with a qualified tax or legal advisor.

LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., and affiliate of LPL Financial. 

This communication is strictly intended for individuals residing in the state(s) of FL. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2020.