Why I'm Not Counting on a Higher Social Security Benefit
The amount of money you get from Social Security hinges on different factors. Those include the number of years you spend earning a paycheck, what your income looks like, and the age you decide to claim benefits at.
Meanwhile, some seniors make plans to delay their Social Security claims until age 70. Doing so means snagging a higher monthly benefit for life.
That's something I'd like to do. But my retirement plans don't hinge on it for one big reason.
Source Fool.com