A common question we get is, how much does a pension reduce your social security benefit? The first thing you have to look at is if you paid into social security while you were working. If you are receiving a pension and also paid into social security while you were working, you should be able to receive both just fine. If you worked for a school system or the government and did not pay into social security while working, unfortunately, your social security will be reduced. Typically, you will get about 2/3 of your social security, but it really depends on the person situation. However, the best thing you can do is make an appointment with a social security administrative person and get that evaluated. That way you will fully understand what your income will be before retirement. Or meet with a financial planner who can help walk you through this process and look at the best income strategy in retirement. Social Security Calculator: Download our FREE guide on "Your P...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)