Why a $3,895 Social Security Check Isn't All It's Cracked Up to Be
In 2021, the maximum Social Security benefit is $3,895 per month. This sounds like a fortune -- and compared to the average monthly benefit of $1,544, it does provide a generous amount of income.
But, the reality is, even if you're one of the lucky few to get $46,740 in Social Security benefits, this money isn't actually going to do much to help you have a secure retirement. Here's why the $3,895 Social Security benefit isn't necessarily all it's cracked up to be.
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Source Fool.com
