15 May Retirement Planning: How Much Social Security Will I Get?
If you’re on the verge of retirement, one of the questions you’re likely to ask is: How much Social Security will I get? The answer is relatively straightforward and depends on two factors: your lifetime earnings and the age at which you start collecting your benefits.
1. Calculating your primary insurance amount
At its core, the size of your monthly benefits depends on how much you paid into the system during your working life. The more you paid, the more you’ll get back in retirement.
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