Common misconceptions about how Social Security benefits are calculated - The Motley Fool
Among Social Security beneficiaries, 37 percent of men and 42 percent of women receive 50 percent or more of their income from Social Security. Among elderly Social Security beneficiaries, 12 percent of men and 15 percent of women rely on Social Security for 90 percent or more of their income. As you can see, Social Security is an important source of income for millions of retired workers. Three important factors determine the Social Security benefits you will receive monthly. But most Americans are unaware of these factors leading to poor decisions and missed opportunities to maximize their Social Security benefit. Trevor Jennewine addresses the three commonly misunderstood facts about Social Security by most Americans. Read Mr. Jennewine’s article here…
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