Social Security is an integral source of income for millions of seniors. In fact, around three-quarters of retirees say they rely on their benefits significantly, according to a 2022 survey from The Motley Fool.

So it's crucial to ensure you have the right strategy to maximize your monthly checks. If you're closing in on retirement, there's one important question to ask yourself before you start taking Social Security: How much will you collect in benefits per month?

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Source Fool.com