How much will your Social Security benefits be?
CNBC is out with a brief introduction here and then a great three minute video that explains just what you can expect to get in Social Security benefits based on what you now make. The current average monthly benefit is about $1,544 and it is expected to increase by about 6% on January 1st. View this video here for a breakdown of how much you will get and how your monthly benefit will be calculated based on multiple different salaries.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.