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*New* Social Security Calculator Helps Set Retirement Goals

The Center for Economic and Policy Research (CEPR [3]) has made it easy to determine how much of your retirement income will come from Social Security. The CEPR’s new Social Security Calculator [4] also enables you to compare your Social Security retirement income with other households with similar demographics.
The calculator lets users enter their planned date of retirement, current income, estimated mortgage debt, savings and stocks and pension to calculate their future household retirement income. Users also can enter demographic information such as age, race and marital status and compare their total retirement income to similar households in their area. The data used in the calculator is drawn from the U.S. Census Bureau’s American Community Survey (ACS).
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