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Social Security’s Maximum Benefit…And You
The 2021 maximum benefit available from Social Security stands at $3,895/month, or $46,740 a year. But don’t get too excited…only a very, very few actually receive this benefit amount. I fact, the average amount collected is roughly $1,500/month, a far cry from the maximum received by folks who waited to age 70 to collect and had the highest possible AMIE (Average Monthly Indexed Earnings). So, as The Motley Fool’s Christy Bieber points out in a post on their site, the overwhelming majority of us need to plan for a smaller monthly check. Read her post here…
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