Here's How to Figure Out How Much You'll Receive in Social Security Benefits
Social Security benefits play a major role in retirement for many older Americans, so it's wise to account for them in your retirement plan.
When you know approximately how much you'll receive in benefits once you retire, it will be easier to determine how much you'll have to save on your own in your retirement fund. Social Security can be complex and confusing at times, though, and more than 90% of U.S. adults age 50 and older don't know what factors impact the maximum benefit amount a person can receive, according to a survey from Nationwide.
There are several factors that affect how much you'll receive in Social Security benefits, and the more you understand them, the better you can prepare for retirement.
Source Fool.com