The Social Security Administration has launched a new online calculator on its Web site that will allow people to plan for their retirement.
"The Retirement Estimator greatly improves the information available when trying to decide the right time to retire. It is simple, easy-to-use and will provide highly accurate benefit estimates for those nearing retirement age. For younger workers, it will provide valuable information to help them plan and save for their retirement."
The Social Security Administration says the Retirement Estimator is secure and only provides retirement benefit estimates. It does not display the earnings record information on which the final benefit estimate was calculated or other personal information.
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