Want the Max $4,194 Social Security Benefit? Here's the Salary You Need
Did you know the average Social Security check in 2022 is just $1,657? That's less than half the absolute maximum benefit of $4,194 and just a fraction of the average American household expenses of $5,111.
While the average benefit is shockingly low, the maximum should not be the goal because the harsh reality is the vast majority of Americans entering retirement will not receive that amount.
Here's a look at why that is, as well as why understanding how your monthly benefit is calculated is so important for your retirement planning.
Source Fool.com
