Reported 4 months ago
Retirement planning is crucial, with Social Security benefits being a key component for many Americans post-retirement. On average, individuals aged 65 receive $1,505 monthly, but actual amounts vary based on factors like earnings history, age of benefit commencement, and passive income. Strategies to maximize benefits include working 35 years to avoid zero-earnings impact, delaying benefit claims to increase payments, and diversifying income sources. Considering additional retirement income, healthcare costs, and consulting financial professionals are essential for a stable financial future.
Source: YAHOO