How Does Your Social Security Benefit Compare to the Average Retiree? Here's How to Find Out.
Social Security can go a long way, sometimes making the difference between a comfortable retirement and struggling to make ends meet. Roughly 90% of current retirees depend on their benefits to some degree, according to a 2023 survey from Gallup, so it's wise to have a strategy to maximize them.
Before you retire, it's wise to make sure you know how much to expect from your benefits, as well as how much you can realistically rely on them to cover your expenses. From there, it will be easier to determine whether your savings are on track.
Fortunately, there's a simple way to check your future benefit amount. Here's how to see your estimate, how that benefit stacks up to that of the average retiree, as well as a few tricks to boost your monthly payments.
Source Fool.com
