Here’s Why Your Social Security Check Is Getting Smaller

Photo by Karin Hildebrand Lau from Shutterstock

Did you know that, according to the Social Security Administration, also known as SSA, an estimated 45 million Americans get Social Security retirement benefits every single month? Also, the average benefit each month is $1,503 and for some Americans, this monthly benefits represents their primary source of retirement income.

If you’re banking on Social Security in order to supplement what you’ve saved in  a retirement savings plan such as 401(k), IRA (an individual retirement account), or another qualified retirement plan, you may have a surprise once you receive your first payment.

So, if you just started getting Social Security benefits, here are some strong reasons why you may be receiving a lot less than you actually expected.

1 23 ... 5NEXT

Leave a Comment

Your email address will not be published. Required fields are marked *

8 Highest Paying Jobs in Law Enforcement

According to the Bureau of Justice Statistics (BJS), law enforcement describes the individuals and agencies responsible for enforcing laws and maintaining public order and public safety. So, the umbrella term law enforcement means the prevention, detection, and investigation of crime,

6 Key Questions You Should Ask About Social Security

Did you know that the Social Security program was officially accepted in 1935 in order to give retirement income for some U.S. workers? Today, the current version of the Social Security program covers the vast majority of workers and it

From Our Network: