3 Things the Average American Should Know About Social Security
Countless workers pay into Social Security and hope to collect benefits once it's their turn to retire. But unfortunately, most Americans are relatively clueless when it comes to understanding the program's ins and outs. With that in mind, here are three things the average person needs to know about Social Security today.
Your Social Security benefits are calculated based on how much you earned during the 35 highest-earning years of your career. But once that base benefit amount is established, the age at which you first file for Social Security can cause it go up, drop, or stay the same.
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Source: Fool.com
