Here's How Social Security Benefits Are Calculated for Retirees
Social Security is a critical source of income for millions of retired workers. But very few Americans know exactly how their retirement benefit is calculated. While memorizing the process is unnecessary, simply understanding the steps involved can help retired workers make more informed financial decisions.Here's a step-by-step explanation of how Social Security benefits are calculated.Image source: Getty Images.Continue reading
Social Security is a critical source of income for millions of retired workers. But very few Americans know exactly how their retirement benefit is calculated. While memorizing the process is unnecessary, simply understanding the steps involved can help retired workers make more informed financial decisions.
Here's a step-by-step explanation of how Social Security benefits are calculated.
Image source: Getty Images.
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