Can You Enjoy Retirement With Social Security's Maximum Benefit Alone?
Exploring the Viability of Social Security as Sole Income
In January 2024, the landscape of retirement income saw the average Social Security recipient collecting a modest sum of $1,907 monthly. This annualizes to just shy of $23,000—a figure posing substantial challenges for those contemplating retirement on Social Security alone. Yet, a shimmer of hope gleams for individuals on the receiving end of the scheme's upper echelon payouts.
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