If you're thinking that Social Security will provide much of your retirement income, think again. As of August, the average monthly Social Security retirement benefit was $1,840. That's only about $22,000 over the course of a year. Fortunately, though, if you've earned more than average in your working life, your benefits will be above average. There's a limit, though. The maximum monthly benefit for those who start collecting in 2023 after having waited until age 70 is $4,555 -- about $54,660 annually.

Relatively few of us will be able to qualify for that $4,555 benefit, though. Still, there are multiple ways to beef up your benefits, and, just as importantly, some powerful moves to make before retirement.

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Source Fool.com