Most Americans know that the earlier you start collecting Social Security, the less you’re going to get each month — but just how much of a reduction are we talking about? In this video, Certified Financial Planner® Matt Frankel discusses the actual data, as well as how to tell how much you could get if you start collecting Social Security early.
*Stock prices used were the morning prices of Sept. 20, 2024. The video was published on Sept. 21, 2024.
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” »
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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 Is the Average Social Security Benefit if You Retire Early appeared first on Retirely.