3 Simple Steps to Beat the $1,563 Average Social Security Benefit

·4 min read
3 Simple Steps to Beat the $1,563 Average Social Security Benefit

The average Social Security recipient collects about $1,563 per month from the program, which amounts to $18,756 per year. Consider these strategies to increase your Social Security benefit at retirement. The government bases your Social Security benefit on your average monthly income over your 35 highest-earning years, adjusted for inflation.

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