Help Decide the Future of Aging. Join the White House’s Live Stream From Cleveland Monday. Learn more




Contests and

You Could Choose Your Dream Vacation!

Hawaii, the Grand Canyon or an Alaskan Cruise! No purchase necessary. Ends May 31. See official rules.

Free Fun!

AARP Games - Play Now!

PROGRAMS & resources

Best Employers for Workers Over 50

Check out the winners list and latest news about this AARP recognition program.

Employer Resource Center

Attract and retain top talent in a changing workforce.

Your Own Business

Information for business owners, entrepreneurs and the self-employed.


Learn From the Experts

Sign up now for an upcoming webinar or find materials from a past session. 

Most Popular


How Much Money Do You Need to Retire?

How to navigate the bumpy road to retirement

If you meet certain income limits, you might be eligible for a $1,000 tax credit via the federal savers credit to reward you for putting money into retirement accounts.

Next, calculate your likely Social Security benefits. Social Security is one of the few available streams of guaranteed income for life.

While you can probably claim Social Security as early as age 62, you will receive a smaller monthly benefit than if you waited until your full retirement age. Each year you delay claiming, up until age 70, your eventual benefit check will increase by 8 percent. That's a big difference in your monthly income.

If your basic monthly expenses in retirement will still exceed your maximum Social Security payment, you should think about using part of your retirement savings to purchase an immediate-pay fixed annuity to fill that remaining gap. An annuity is essentially an insurance policy that gives you a fixed amount each month for the rest of your life. This plan may not provide a luxurious life, but it can certainly provide enough security to let you sleep at night.

Annuity payments provide predictable income much like the old pensions of yesteryear, when employers guaranteed workers a monthly check in exchange for years of loyal service. If you're 50, you've probably already spent years being loyal to your spouse, your family and your employer. Now it's time to be loyal to yourself.

Jean C. Setzfand is vice president of the Financial Security team in the Education and Outreach group at AARP. She leads AARP's educational and outreach efforts aimed at helping Americans achieve financial peace of mind in retirement.

Member Discounts! Discover great deals and saving through AARP membership

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts


Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Jobs You Might Like

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

UPS Store membership discount aarp benefits

Members save 15% on eligible products/services, 5% on UPS shipping at The UPS Store®.

membership adt

Small business owners save 20% on new installation of any new ADT security system.

Woman holding smartphone in city, Google map tool

Members can find discounts on the go via the AARP® Member Advantages Offer Finder mobile app.

Member Benefits

Renew today! Members receive exclusive member benefits & affect social change.

Advance your skills. Transform your career.

Explore your learning possibilities.