Here Are the Average Social Security Benefits at Ages 62, 67, and 70

When it comes to retirement finances, Social Security plays a huge role for millions of Americans. There are exceptions for some workers, but for the most part, tens of millions of people spend their careers paying Social Security taxes with the expectation of reaping the benefits on the back end with guaranteed retirement income.Since Social Security is so important to many retirees' financial well-being, it's always a good idea to have an idea of what you can expect to receive, which depends a lot on when you claim benefits.Due to changes like the annual Social Security cost-of-living-adjustment (COLA) and potential changes in your earnings, it may be hard to guess your exact benefit amount when you're years out, but you can use average monthly benefits to begin planning your retirement finances.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool