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Rely less on Social Security and more on your own savings
According to the Social Security Administration, if you retire at age 70 in 2022, your maximum benefit could be $4,194. However, the average Social Security beneficiary will receive a monthly payday of $1,657. Although most of us will not receive the maximum Social Security benefit once we retire, since your benefit is based on our lifetime of earnings, there is a way to set yourself up for a financially solid retirement. Maurie Backman explains why fixating on snagging the maximum Social Security benefit may not be the best use of your time or energy; instead, there’s a better way to set yourself up for a financially secure retirement. Read Ms. Backman’s article here…
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