Pick a Winning Social Security Strategy
Aug 26, 2020
3 minutes
For someone who earns a medium income and starts benefits at full retirement age, Social Security replaces about 40% of preretirement average lifetime wages; it replaces about 27% for high earners. For those filing for benefits in 2020, the maximum monthly check is $3,011 for high earners who claim at full retirement age or $3,790 for those claiming at age 70.
Even if Social Security is not a big slice of your retirement income portfolio, it’s a valuable component. You get an annual cost-of-living adjustment, and
You’re reading a preview, subscribe to read more.
Start your free 30 days