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Figuring out your Social Security benefit amount

Clearly, Social Security is America’s most important benefit program, paying benefits each month to more than 63 million recipients and keeping a large number of them out of poverty. But the importance of this program and planning for retirement is often muddled by the complexity of figuring out just how much of a benefit you will entitled to. True, you can always get an estimate directly from Social Security, but understanding how your benefit is determined can help with selecting a claiming strategy which will fit your retirement needs. In this Motley Fool article by Sean Williams, the author reviews in detail how Social Security benefits are determined. Click here to read more.

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