The Average Household Could Lose $110,000 in Social Security Income for This Reason
Millions of retired Americans today regard Social Security as an important source of income. And without those benefits, a good number of seniors would struggle to cover even basic expenses.But one thing you should know about Social Security is that it's not just your lifetime wages that will determine what monthly retirement benefit you get. Your filing age will also be a big factor in that decision.Image source: Getty Images.Continue reading
Millions of retired Americans today regard Social Security as an important source of income. And without those benefits, a good number of seniors would struggle to cover even basic expenses.
But one thing you should know about Social Security is that it's not just your lifetime wages that will determine what monthly retirement benefit you get. Your filing age will also be a big factor in that decision.
Image source: Getty Images.
