These 3 Things Will Make Your Social Security Benefit Smaller

Around a third of Americans expect that Social Security will be a major source of retirement income. And they're right. Since Americans have saved far too little for retirement, a majority of retirees depend on Social Security to provide at least half their household income.Here's the problem. Not only is Social Security not designed to replace so much of your pre-retirement income, but many people end up making their Social Security benefits smaller than they should be.

Topics:  americans   social   security   smaller   income   retirement   benefits   
BING NEWS:
  • Social Security: Full List of Republicans Who Voted for Major Change
    Senator Rand Paul pushed to gradually raise the retirement age for the benefits to 70, but the proposal failed.
    12/22/2024 - 8:02 am | View Link
  • Here's the Average Social Security Benefit at Ages 62, 67, and 70
    Every year, the SSA's Office of the Actuary releases a breakdown detailing the average monthly benefit of retired-worker beneficiaries between ages 62 and 99-plus. Keep in mind this data is based on the age of retired workers, as of December 2023, and isn't necessarily indicative of the age they began collecting their benefit, except for age 62.
    12/21/2024 - 7:44 pm | View Link
  • More
BING SEARCH:
  • Social Security in retirement | SSA
    The Social Security Retirement benefit is a monthly check that replaces part of your income when you reduce your hours or stop working altogether. It may not replace all your income so it's best to identify other ways to pay for your monthly expenses as you age.
    12/24/2024 - 9:13 am | View Website
  • Benefit types | SSA
    Find out which Social Security benefits can help you based on your circumstances. If you already get benefits, visit our Manage benefits page to learn how to make changes, download documents, and complete other tasks.
    12/24/2024 - 7:04 am | View Website
  • Apply for Social Security Benefits | SSA
    An official website of the Social Security Administration. Produced and published at taxpayer expense.
    12/24/2024 - 3:58 am | View Website
  • Benefits Planner: Retirement | Retirement Age and Benefit Reduction
    You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits only when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase.
    12/24/2024 - 2:03 am | View Website
  • Retirement Benefits | SSA
    Visit Social Security’s retirement benefits section of the website to help better understand the program, the application process, and the online tools and resources available.
    12/24/2024 - 1:20 am | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News