Social Security
A U.S. government program providing inflation-adjusted retirement income based on your earnings history.
What does social security mean?
Your benefit is based on your highest 35 years of earnings and the age you claim. Claiming early (from 62) permanently reduces it; delaying to 70 increases it about 8% a year. It replaces roughly 40% of pre-retirement income for an average earner.
Put it to use
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