How Social Security’s Most Important Feature Got So Confusing
(By – Dan Caplinger, The Motley Fool)
The most important piece of information for Americans planning their retirement is how much they can expect from Social Security. Yet what you’d think should be a simple question to answer is actually far more complicated than you’d think, and many people don’t understand why Social Security isn’t a lot easier to understand.
To plan well for your financial life after the end of your career, you need to know what Social Security will provide. With that in mind, let’s look at the simple question of how much you can expect from your Social Security benefits and why the answer doesn’t match up with what many Americans expect for their retirement income. Read more…