Want the Max $4,873 Social Security Benefit? Here's the Salary You Need
Social Security is a lifeline for millions of older adults. In fact, 41% of baby boomers expect their benefits to be their primary income source in retirement, according to a 2023 report from the Transamerica Center for Retirement Studies.
The average retired worker collects around $1,800 per month from Social Security as of October 2023. However, starting in 2024, the maximum you can receive in benefits will be a whopping $4,873 per month.
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Source Fool.com