Almost 68 million Americans rely on Social Security benefits for income, and virtually all working Americans are on track to receive a Social Security benefit after they retire. But far too many people don’t know how their Social Security benefit is determined and how much they can expect to receive.
In this video, Certified Financial Planner® Matt Frankel discusses how it works with an easy-to-follow example.
The $22,924 Social Security bonus most retirees completely overlook
If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $22,924 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after. Simply click here to discover how to learn more about these strategies.
View the “Social Security secrets” ›
The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The post Here’s Exactly How Your Social Security Benefit Is Calculated in 2024 appeared first on Retirely.