Your home for direct purchases of all Liberty Bags, Alpine Fleece, Fortress, Hardware, Hall of Fame, and Carmel Towel products.
So if you earn $100,000 the year you retire, we estimate you will need $85,000 during the first year of retirement. For each subsequent year, we increase your income need by 2.3% to keep up with inflation.
Qualifying for Retirement Benefits. To qualify for retirement, you must have at least 40 work credits by the time you get to full retirement age. You earn a work credit by making a certain amount of money ($1,130 in 2012) from a job or from self-employment, and paying Social Security taxes on that income.