Here’s How Much in Social Security Benefits the Average 62-Year-Old Gets Per Month
Social Security’s earliest claiming age remains one of its most popular, and it’s easy to understand why. The earlier you claim, the more checks you receive. But claiming early also reduces the size of your monthly benefit by up to 30%. This doesn’t mean it’s always the wrong choice, but it’s definitely something to weigh […]
Could Donald Trump Fix Social Security’s Biggest Problem in 2025?
President Joe Biden and President-elect Donald Trump share at least two things in common when it comes to Social Security. They’ve both been eligible to receive their full retirement benefits for more than a decade. Additionally, neither Biden nor Trump pushed hard for major Social Security reforms during their respective first presidential terms. However, Trump […]
Want to Be a Roth IRA Millionaire? 4 Tips Smart Investors Should Know
American investors are flush with choices in how they save for their retirement. In the late 1990s, Congress created a doozy of a retirement account with the Taxpayer Relief Act of 1997. It’s so good that the government limits who can use it and how much you can contribute yearly. I’m talking about the Roth […]
Here’s the Average Social Security Benefit at Ages 62, 67, and 70
For more than eight decades, Social Security has been doling out a monthly benefit to retired workers. While this payout isn’t making any of the program’s beneficiaries rich, it has proved to be a necessity, more often than not, for retirees. In each of the last 23 years, Gallup has conducted a survey to gauge […]
