On the 'Net #1: Calculate Your Benefits. Visit the Retirement Estimator at the Social Security Administration website (www.ssa.gov/planners
--> Click on calculators --> then click on quick calculator).
There you will find a quick calculator that can be used to estimate your
Social Security benefit in today’s dollars. Use an income figure that
approximates what you expect to earn in the first full year after
graduating from college. When the calculator provides your answer, click
on ‘‘break-even age’’ to see when you would be better off if you had
waited until age 67 to begin taking benefits rather than age 62.
Action Involvement Project #2: Letter of Last Instructions. Inventory
what you own, including items of sentimental value, and write a letter
of last instructions telling heirs who get what items. Sign and date the
form. It is not necessary to have it witnessed, but you can if you
Action Involvement Project #3: Guardianship Criteria.
Assume you have children and wish to identify a guardian for them in
the event you die before they are adults. Make a list of criteria you
and a significant other might consider when making such a decision.