If you’re like many Americans, your Social Security benefit will form the foundation of your retirement income plan. After all, you’ve been paying into Social Security since the first moment you entered the workforce and it’s about time to cash in on all your hard work, but how much can you count on it? Delaying filing for Social Security can potentially increase your benefit amount by a rate of eight percent per year. In 2016, the average monthly benefit for retired workers is $1,355, while the maximum benefit is $2,639. Source.
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Carlson Financial Solutions | All Rights Reserved. All written content on this site is for information purposes only. Opinions expressed herein are solely those of Carlson Financial Solutions and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual financial professional prior to implementation. Insurance products and services are offered through Carlson Financial Solutions. Carlson Financial Solutions and Robert Carlson is not affiliated with or endorsed by the Social Security Administration or any government agency. This content is for informational purposes only and should not be used to make any financial decisions.
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