It is always good to have a safety net when living with a fixed income.
For 90% of American retirees, this aid comes in the form of Social Security benefits.
But figuring out exactly how much you’ll get when you start collecting can be tricky.
Your benefits are determined by the “bending points” in an equation. It’s like a tax stretch, but designed to give you money. The less money you earn, the higher the percentage of your salary. This is intended to help low-wage retirees.
How much should you expect from Social Security if you earn $ 35,000 a year? Watch this video for a breakdown of how much you will get and how your monthly benefit will be calculated.
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Disclosure: NBCUniversal and Comcast Ventures are investors Glans.