Social Security is vital for your retirement income, but it can be hard to figure out how much you'll get in Social Security benefits. How can you get more information?
In the following video from our Social Security Q&A series, Dan Caplinger, The Motley Fool's director of investment planning, answers a question from Fool reader Thuan about how to figure out how much you'll get from Social Security when you retire. Dan notes that the Social Security Administration website has a series of calculators, some simple, some complicated, that let you use basic or intricate assumptions to figure your eventual retirement benefit. In addition, the SSA website offers the My Social Security program, which uses your actual work history to give you a range of benefit amounts based on different assumptions about when you retire and what your future income will be.
Have general questions about Social Security? Email them to [email protected], and they might be the subject of a future video!
Dan Caplinger and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.