MY MONEY TOOLS
Retirement and investing
Plain answers on saving for retirement when you're an owner-operator with no company plan. Try the tools with your own numbers. Nothing you type here is saved or sent anywhere.
For information only
SUPERTRANSPORT offers these tools and lessons to help you learn. We aren't financial advisers, and nothing here is advice for your situation. All investing carries risk, including losing money, and past results don't promise future ones. The choices you make are your own.
See how money grows
After 30 years
About $453,400
With prices rising 3% a year, that's about $186,800 in today's dollars. Real years go up and down. This uses one steady average. At 7%, money doubles about every 10 years (the rule of 72).
For information only. Investing has risk. Your choices are your own.
Retirement planner
PREVIEW · COMING SOONIn SUPERDRIVE, your planner fills in from your settlements and works with your weekly budget. Here you can try it with your own numbers.
At 67, in 27 years
About $233,000
saved, in today's dollars, before taxes
If growth is slower (6%): $201,000. If it's faster (8%): $271,000.
$776 from savings, plus $2,000 Social Security. In today's dollars, before taxes.
We figure 7% a year before inflation. That's under what every mix below averaged since 1926, and above what big fund companies expect for the next 10 years, so we show 6% and 8% too. Monthly income uses the 4% rule of thumb: about $4 a year for every $100 saved.
For information only. Investing has risk. Your choices are your own.
Social Security: 62, 67 or 70
When you can start
As early as 62, at a smaller amount. Full at 67 for anyone born in 1960 or later. Waiting until 70 pays more.
How much at each age
With a $2,000 estimate at 67:
- Start at 62
- 70% of full: $1,400 a month
- Start at 65
- About 86.7%: $1,733 a month
- Start at 67
- Full: $2,000 a month
- Start at 70
- 124%: $2,480 a month
The cut for starting early is for life.
Working while you collect
Before 67, Social Security holds back $1 for every $2 you earn over $24,480 a year (2026). Net profit from your truck counts.
Held-back money isn't lost. Your monthly amount is raised at 67 to make up for it.
The owner-operator angle
Social Security is figured from the profit you paid self-employment tax on. Every write-off lowers your taxes now, and it also lowers the earnings Social Security counts later.
That's not a reason to skip a real expense. It's a trade to know about.
Ask your tax preparer.
Married?
A spouse can get up to half of your full benefit at their own full retirement age, about 32.5% at 62, if that's more than their own. You have to have started yours first.
A surviving spouse can get up to your whole benefit instead of their own, as early as 60 at a reduced amount. Starting yours at 62 also shrinks what they'd get.
Where to put it
Ten short lessons, the same ones in the SUPERDRIVE app. Funds and companies named here are examples so you know what to look for, not picks. SUPERTRANSPORT gets nothing from any of them.
Want these tools in your truck? Call or text recruiting: (816) 540-1174
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