3 Things That Determine How Much Money You Get From Social Security
Millions of seniors rely on Social Security to pay the bills in retirement. If you expect to do the same, it helps to know how those benefits are calculated and how much money you can look forward to. Here are three major factors that come together to determine what your monthly payments ultimately look like.
Your Social Security benefits are based on your highest-paid 35 years on the job. This means that if you work for 45 years during your career, your lowest-paid 10 years won't be factored into your benefits equation. On the other hand, if you don't work a full 35 years, you'll have a $0 factored in for each year without an income.
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Source Fool.com
