Why a $4,194 Social Security Benefit Isn't as Great as It Seems
In 2022, the maximum monthly Social Security benefit is $4,194 per month. For retirees receiving closer to the average monthly benefit of $1,657 per month, a Social Security check that produces a whopping $50,328 in annual income may seem extremely generous.
The reality, however, is that getting a $4,194 Social Security check actually isn't as great as it appears. In fact, most of the people who receive so much money aren't actually benefiting from Social Security as much as their counterparts who receive much less. Here's why.
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Source Fool.com
