Average Social Security benefit at age 65 is $1,727 to $1,838 per month, with strategies to maximize income.

From Nasdaq: 2025-04-06 05:17:00

When planning for retirement, consider how much money you’ll need and be realistic about how much you can save. Social Security benefits vary by age, with an average benefit at age 65 ranging from $1,727 to $1,838 per month. Retirees can claim benefits as early as 62 or as late as 70, but the earlier you claim, the less you receive. The full retirement age is 67 for those born in 1960 or after. It’s important to factor in these details when planning your retirement fund.

Social Security benefits are calculated based on age, earnings, and years worked. Retirees can claim benefits between ages 62 and 70, with deductions for claiming early. The average benefit for retired workers in February was $1,981, translating to an average of $1,783 per month at age 65. The Motley Fool reveals “Social Security secrets” that could potentially boost retirement income by maximizing benefits and retirement savings. Don’t overlook these strategies when planning for retirement.



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