The Average Social Security Check Amount

What should you expect to receive from Social Security in retirement?

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

[wharrison]

Started drawing at 63, wife at 62 and no problems for the past ten years. No debt is the key.

[alphamale]

Delaying till 70 won't give you the maximum benefit if you die before 70 😂

[marksteele]

Easy for someone with a desk job to counsel waiting for retirement, a little harder for folks with difficult manual labor jobs to do so.

[AnotherCG]

It should take 30 seconds to say the average amount

[JamesBrown-jslm]

Retire as soon as you can, no guarantees of tomorrow. You would have to be in your late seventies before you would realize any loss. Most of us won’t make it that far but a lot will, plan your future and retirement out. Hopefully your home is paid for and you have been putting money into some kind of savings account or even investments. If not you will be living month to month.

[morganbrickwall]

Did a spreadsheet of 62 vs 67 and I'll be 77 before I lose money, 15 nope, I'm realistic and the males in my family rarely hit 80+. In 5 years between 62 and 67 I will have drawn $125, 000, at $700 a month extra for 67vs62 it takes 178 months (14.88 years) to draw that money. At 62 I hope I'll be fit enough to enjoy life for 10 years anyway.
My wife paid in all her life and died 58 after battling cancer for 8 years, nobody got a cent back of the lifetime she paid in. Life is too short to worry about $700 a month.

[jerrypeak-nbxi]

If they would have pensions anymore, but they don’t every company did away with pensions, and they started a stupid 401(k) that don’t amount of crap

[davidshepherd]

Dude who asked why so most folks have jobs that don't

[paulbullinger]

No amount of money is enough if you are old sick in a nursing home. Basically its being given away every month.just to be wheeled into a hallway, and every one is benefiting but you.

[bradleyvanzile]

My guess is they’re going to increase FICA, increase FRA to age to 70 and increase $200 a month to current beneficiaries checks.

[WANTREE]

Start drawing SS benefits at 70 and you died at 72 that's not right lol

[yroy]

Worst advice I have heard is waiting until you are 70 to collect. If you can work until you are 70 the best thing you can do is collect when you reach FRA and work and collect until you are 70. The amount you make extra will always exceed the amount you get when you retire at 70 then collect your social security.

[MarthaDenes]

I get 3, 200 a month and I have a huge savings I'm 66 years old then it changed to my regular social security I am doing very well I am constantly shopping for my granddaughter my son and my daughter-in-law you have to budget yourself and enjoy life life is too short enjoy your last last face in your life

[tinadavy]

CLICK BAIT - should take 5 mins or less.

[MJ-nogt]

iam 71 years old i get 2472 per momth. not to mention my pensions, im during quite well.

[teresaellis]

If you sat in an ac office your entire career maybe work till 70.If you physically worked …no

[denisepedro]

My mother worked overtime the last five years before she died. Retired at age 67.
Went to Heaven a month later she never seen one pension or social security 😢check . Not married at time just engage.

[dalesharpy]

A couple years out from full retirement. I have been paying SS for about 50 years in some form and my benefit is to be $3, 050 at age 67. I will also receive $501 a month for being a vested Teamster of 10 years in a few months at age 65.

[Jimfundercover]

FYI: Government pensions are gone. 401K replaced pensions.

[missouri]

I think you missed the mark on this video
Everything in retirement planning starts with how much income do you need once you no longer are working and then you figure things from there and there were no mention of that