This Is the Average Social Security Benefit for Age 70

Just about all of us are looking forward to retirement, and many, if not most, of us are assuming that Social Security income will be rather important to us then. So it's natural to wonder just what we might expect from Social Security. Here are some answers to that question.First, know that the overall average monthly Social Security retirement benefit was $1,919 as of July. That amounts to about $23,000 annually. Social Security benefits are increased nearly annually, though, thanks to cost-of-living adjustments (COLAs).Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool