Did you know that nearly two-thirds of retired workers claim Social Security before full retirement age? Or that the average 62-year-old could get nearly $1,000 more every month by waiting until age 67? In this short video, Certified Financial Planner Matt Frankel breaks down the average Social Security benefit by age, as well as for early and late retirees.
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Here's the Average American's Social Security Benefit by Age
The average Social Security benefit can be very different, depending on how old you are.
About the Author
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.
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Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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