Josh Scandlen Podcast

Retirement calculators you find on the internet can be a great tool for getting a general idea of your retirement readiness. But do not be fooled into thinking that the numbers they crunch and spit out are truly representative of your situation. In this video, we use a highly-ranked retirement calculator that Google links to. I was actually surprised to see this calculator ranked so highly actually but it intrigued me.  So, I figured I'd better check it out. What I found was a decent tool that can provide a general sense of your retirement well-being.   But there is a significant problem when it comes to  estimating your Social Security benefit.  So, much so in fact, that I devoted an entire video to explain.  First though you've got to have a basic understanding of how your Social Security benefit is derived.   The Social Security Administration takes the top 35 years of your working career.  Based on your income over those 35 years, it provides an Average Indexed Mo