Social Security doesn't pay all seniors the same monthly benefit. Rather, that sum hinges on a few different factors:

And as far as the latter item goes, you have choices. If you wait until full retirement age (FRA) to sign up for Social Security, you'll get the complete monthly benefit you're entitled to based on your specific wage history. FRA is either 66, 67, or somewhere in the middle, depending on your year of birth.

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Source Fool.com