Visit the Spent website (https://playspent.org)
- Click “Find a Job” [Note: make a note of your monthly pay before taxes. You will use this information for the simulation in #3 below]
- Continue with the prompts
- write up of the experience (note: you can go through the simulation as many times as you wish)
- Next, visit the Social Security Administration website (https://www.ssa.gov/OACT/quickcalc/) and follow the directions to determine the estimate of your retirement earnings. Complete this based on the monthly income from the “Spent” assignment above (to calculate your annual income, multiple the “monthly pay before taxes” by 12. For example: $1440 x 12 = $17,280 annual pay for the year)
- Make note of the outcome to aid with your write up of the experience