How Social Security Benefits are Calculated

For most American retirees, Social Security is a huge part of the retirement equation. In fact, a recent New York Times article notes that even retirees with a $1 million nest egg rely heavily on Social Security income during retirement. Even though Social Security is so important, most of us still don’t understand exactly how the benefit works. What do you need to do to get it? And how do you calculate your future benefit? Read more…

 

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