3 Sneaky Reasons You May Receive Less Than You Think From Social Security
Social Security can be a lifeline for millions of retirees. For some older adults, benefits are their primary (or only) source of income.
However, many different factors will affect your benefit amount. While some of these factors may be outside your control, there are others you can manage. When you're aware of these three sneaky things that could reduce your benefits, it will be easier to maximize your monthly payments.
Your primary benefit amount is based on an average of your earnings throughout the 35 years of your career that you earned the most. The Social Security Administration will average those earnings, adjust them for inflation, then run that number through a complex formula to determine your benefit.
Source Fool.com