Social Security: 3 Reasons You Might Receive Less Than You Think
According to the National Academy of Social Insurance, Social Security benefits provide more than half of the income for more than three out of five U.S. retirees. Given how much people rely on that benefit, it's wise to ensure you're maximizing what you receive from the program.
The average retiree benefit in 2022 is around $1,657 per month, according to the Social Security Administration. To see how much you would be entitled to under various scenarios, you can visit www.ssa.gov and sign into your personal "my Social Security" page. The future benefits estimates it will give you will be based on your real earnings history.
However, depending on the decisions you make, you may or may not receive the full amount you're entitled to. A few factors could reduce the size of your monthly checks, leaving you receiving less than you expect.
Source Fool.com
