When you're planning for retirement, Social Security should be a key part of your strategy. Regardless of your age, it's never too early to begin thinking about Social Security's role in your retirement finances. For some people, it may be all; for some, it may be most; for others, it may be very little.

Thanks to the cost of living adjustment, the average Social Security benefit is higher than last year. Social Security estimates the average monthly retirement benefit in January 2024 to be $1,907. Here's how you can see if you're on track to receive that amount.

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Source Fool.com