This is a really easy way to estimate your Social Security benefits when you retire. Click on http://www.ssa.gov/estimator/ to start.
If you are in good health, have enough money and your parents and other relatives have good longevity, you may want to consider delaying collecting your Social Security benefits as each year you delay collecting your benefits, you will get 8% higher in benefit payment, until you reach age 70. For example, if your benefit at full retirement age of 66 is $1,000 per month, by delaying to age 70, you will get $1,320 per month. At age 68, you will get $1,160 each month for the rest of your life. This is especially beneficial if your spouse will be collecting half of your Social Security.
