This Is the Average Social Security Benefit for Age 65
If you haven't yet, at what age do you think you'll retire? Most people say the magic number is 65. The actual average retirement age for people living in the United States, however, is a modestly lower 63. That's shortly after they're able to begin collecting respectable but reduced retirement benefits from Social Security.Just for the sake of acknowledging the current cost of living, though, let's say you're going to continue working until you reach your goal of 65 years of age. How much are your monthly Social Security payments likely to be then?Keep reading for the answer, and some important perspective on the matter.Continue reading
If you haven't yet, at what age do you think you'll retire? Most people say the magic number is 65. The actual average retirement age for people living in the United States, however, is a modestly lower 63. That's shortly after they're able to begin collecting respectable but reduced retirement benefits from Social Security.
Just for the sake of acknowledging the current cost of living, though, let's say you're going to continue working until you reach your goal of 65 years of age. How much are your monthly Social Security payments likely to be then?
Keep reading for the answer, and some important perspective on the matter.
