This Is the Average Social Security Benefit for Age 62

Social Security is critical to many millions of retirees, keeping lots of them above the poverty line. Whether it keeps you solvent or just enhances your financial security in retirement, Social Security is likely to be an important source of retirement income. (For most people, it's smart to have multiple income streams in retirement.)Image source: Getty Images.Whether you're approaching retirement or are decades away, it makes sense to get an idea of how much you might expect to receive from Social Security, as it can help in your retirement planning. You can get that idea from the Social Security Administration (SSA) itself, once you set up a my Social Security account. With an account, you can see the latest estimates of your future benefits based on the SSA's record of your earnings.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool