How to get a higher than average Social Security benefit - Motley Fool
The average Social Security beneficiary receives a little over $1,800 per month, or about $22,000 per year, in benefits. Of course, “average” means that a lot of people earn less and some people earn more but, in any case, it’s likely that your personal monthly Social Security payment will be a major part of your retirement income. In fact, Social Security is intentionally structured to provide only about 40% of the money you were living on prior to retirement. So it makes a lot of sense to figure out how to beat the average Social Security benefit and make your retirement a bit smoother than it might otherwise be. In this Motley Fool article by Katie Brockman, three relatively simple ways to make your own benefit higher than the average are revealed. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. Learn more about it here…