Here’s exactly how your Social Security benefit is calculated in 2024

Nearly 68 million Americans rely on Social Security benefits for income, and virtually all working Americans are on track to receive a Social Security benefit after they retire. But too many people don’t know how their Social Security benefit is determined and how much they can expect to receive. In this video, Certified Financial Planner® Matt Frankel discusses how it works with an easy-to-follow example.

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