Counting on the Maximum Social Security Benefit? You May Want to Reconsider
For many people, Social Security will play a sizable role in their retirement income. For decades, Americans pay Social Security taxes, planning on receiving monthly payouts in retirement that will either be their primary income or supplemental income to other means, such as a 401(k) plan.
Depending on factors like lifestyle and location, the maximum Social Security benefit may be enough for some to survive solely on. However, if you're planning on receiving the maximum Social Security retirement benefits, you may want to think twice.
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Source Fool.com
