The Most Important Social Security Table You'll Ever See
Saving for retirement is tough, and many older adults end up relying heavily on Social Security to make ends meet in retirement. While that's not necessarily a bad thing, it's important to understand how the program works to maximize your benefits.
One of the most crucial factors affecting your benefit amount is your full retirement age(FRA). However, only 16% of adults know their exact FRA, according to a 2021 survey from the Nationwide Retirement Institute.
Knowing your FRA can result in better Social Security decisions and even help you receive a higher payout each month. Here's how.
Source Fool.com
