Here's the Average Social Security Benefit for Every Claiming Age From 62 to 70

You probably know your Social Security benefit depends on your earnings throughout your career. On the one hand, that's a good thing for workers because it means you have an opportunity to increase your future checks by growing your income today.On the other hand, a benefit formula that looks at most of your earnings history, as well as your claiming age, makes it difficult to anticipate how much you'll get from the program until you're ready to sign up.The Social Security Administration can tell you how large your benefit will be as you approach retirement. However, taking the time to understand the difference in average Social Security benefits by age can help you make an educated decision regarding when you should apply to get the most out of the program.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool