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How Much Social Security Will You Get?

Social Security payments are a major or minor source of needed income for 89% of retirees. How much social security will you get depending upon when you retire? https://youtu.be/0sU_8V5oG9Q

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How Much Social Security
Will You Get?
By www.ProfitableInvestingTips.com
https://profitableinvestingtips.com/profitable-
investing-tips/how-much-social-security-will-you-get
For the great majority of retired Americans, monthly
Social Security Checks are an important source of
income. In fact, Social Security payments are a major
or minor source of needed income for 89% of
retirees. How much social security will you get
depending upon when you retire? What other factors
affect your social security payments? Are the cost of
living increases for Social Security fair? And, will the
Social Security Trust Fund run out of money?
Retirees will make their own decisions that will affect
their monthly checks and having a bit of information
will help.
https://profitableinvestingtips.com/profitable-
investing-tips/how-much-social-security-will-you-get
Social Security Taken At Age 62
https://profitableinvestingtips.com/profitable-
investing-tips/how-much-social-security-will-you-get
Virtually all of the advice you will read regarding when
to start taking social security payments has to do with
how much you get per month. Start before your
normal age of retirement of 65, 66, or 67 (depending
on when you were born) and you will see an 8%
reduction per year. If you need the money to live on
and are unable to keep working, this advice is helpful.
And, if you can work a few more years at a job that
you love, you can get a bigger check, up to retiring at
age 70.
https://profitableinvestingtips.com/profitable-
investing-tips/how-much-social-security-will-you-get
When You Take Social Security Benefits vs
How Long You Live
https://profitableinvestingtips.com/profitable-
investing-tips/how-much-social-security-will-you-get
How much you get per month if you start at age 62
versus 66 or 67 is useful advice. But, in the end, how
much money will you receive, total? It depends on
the reduction of benefits and how long you live. The
Social Security Administration has a life expectancy
table that is useful in this regard. A man, aged 62
years, has a life expectancy of 20 years. Every year
earlier than age 66 is about an 8% reduction in
monthly payments. If he takes Social Security at age
62, he can expect to get 0.717 times the age 66
payment for twenty years. If he waits until age 66 he
can expect to get that payment for 16 years.

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How Much Social Security Will You Get?