The Average Social Security Check Amount

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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.

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1 окт 2024

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Комментарии : 118

@alphamale2363 Год назад

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

@JustAnotherJarhead 2 месяца назад

Ding ding ding! Or even if you buy the farm at 72, 74, or 76. People think they are immortal.

@jaya.0069 2 месяца назад

Figured that out by yourself huh?

@angelabarnes3121 Месяц назад

Correct, I plan to file in Dec. Will be 65 in March. Plan to still work too. May get penalized for going over the limit but hopefully I live long enough to get it all back.

@DawnRace-bh6tp Месяц назад

@@jaya.0069😂😂😂😂😂

@davidshort9439 Месяц назад

I will be 65 in March, plan on retiring in June, have 2 union pensions to draw on.

@wharrison7131 2 месяца назад

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

@rudolphsmith1022 Месяц назад

Praise Jesus Christ! HALLELUJAH AND AMEN!!!

@tomblevins5020 Месяц назад

Why not wait until you are 70??? Your check would be much larger

@johnhix484 14 дней назад

@@tomblevins5020AND YOUR RETIRED YEARS COLLECTING WILL MOST LIKELY BE LESS!

@AnotherCG 9 месяцев назад

It should take 30 seconds to say the average amount

@marksteele6682 Месяц назад

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.

@tomblevins5020 Месяц назад

Retire when you want to. Collect SS at 70. Why accept a puny check???

@JamesBrown-js3lm Месяц назад

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.

@tinadavy3990 Месяц назад

CLICK BAIT - should take 5 mins or less.

@morganbrickwall7902 2 месяца назад

Did a spreadsheet of 62 vs 67 and I'll be 77 before I lose money, 15 years........ 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.

@tl4633 Месяц назад

Right on! Same for me. I'm 57 and retired from state service and My wife (currently 56) will be collecting SS as soon as possible.

@rudolphsmith1022 Месяц назад

Praise Jesus Christ! HALLELUJAH AND AMEN!!!

@donaldvonlintig8445 Месяц назад

God-bless, I'm gonna be 63 soon, and don't know what to do, since I lost my wife 2 years ago, too. She was only 56,(R.I.P) and she didn't get a dime, either.

@davidshepherd5536 2 месяца назад

Dude who asked why so low...........because most folks have jobs that don't pay..........enough...........simple.

@morganbrickwall7902 2 месяца назад

I hit the max 10 years in a row, usually with a month or 2 left in year. In that 10 years the max went from mid $60'sk to $80'sk, currently max is at $168,600 wages.

@Tryp-j9d 2 месяца назад

A WHOLE LOT of LOSERS about there!!

@WAN2TREE4 Месяц назад

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

@jerrypeak-nb6xi Месяц назад

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

@donaldvonlintig8445 Месяц назад

Only because the workers now have to decide where to invest, and 90% of the average workers, Don't have a Clue. There financially illiterate, but the workers who do their homework, can turn 401k's into Goldmines ! There's an Old Saying, that Dear Old Dad (R.I.P) used to say... " The Rich keep getting richer, and the Poor, keep getting poorer"

@teresaellis7088 3 месяца назад

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

@stevecampbell7620 2 месяца назад

I have an outside job and a Senior Citizen and have no problem. Take care of yourself Don't abuse your health. My Dad is 89 and still cares for own lawn.

@jaya.0069 2 месяца назад

@@stevecampbell7620 That's great, he'll probably make it to 100!

@Tryp-j9d 2 месяца назад

YOUR choice!!! The SMART thing to do is SWITCH, BY age 35!!!

@Tryp-j9d 2 месяца назад

@@stevecampbell7620You HAVE a Senior Citizen? As WHAT, a SLAVE?? I’ll PAY them $2 an hour to MOW my LAWN!!!

@tomblevins5020 Месяц назад

Retire when you want to. Collect SS at 70. Don't be stupid!!!

@paulbullinger7378 Месяц назад

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.

@MarthaDenes 2 месяца назад

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

@MJ-no4gt 2 месяца назад

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

@ddutsie 2 месяца назад

no one cares

@jaya.0069 2 месяца назад

Doing

@119jle 2 месяца назад

You got less than ten years of life. You should have started at 62.

@phoggknight6714 2 месяца назад

You don't look a day over 2.

@tomblevins5020 Месяц назад

$2,472??? You must have foolishly started at 62!

@1hunterdale 8 месяцев назад

breaking NEWS 90 % of people in usa only 1 legged Stoll

@stevecampbell7620 2 месяца назад

Shows how well most people plan for retirement.

@morganbrickwall7902 2 месяца назад

@@stevecampbell7620 My retirement plan was great, until family court took it all away. Behind every broke senior man barley making it is a greedy woman in his history. My ancestors never divorced and lived long happy lives, my parents generation on not so much.

@denisepedro4108 Месяц назад

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.

@donaldvonlintig8445 Месяц назад

So sad to hear, hopefully you will do better, God-Bless. My poor wife, worked her whole life, died 2 years ago, only 56, she never got a dime

@denisepedro4108 Месяц назад

@@donaldvonlintig8445 sorry to hear about your wife’s passing. We are blessed to have you sharing important and advice about retirement.

@bradleyvanzile1111 Год назад

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

@yroy27 Месяц назад

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.

@warrenmartin5935 Год назад

Wait to collect until 70,then die at 78,average male ,poor decision for waiting

@SandfordSmythe Год назад

If you live to 70, you are strong and will live longer than the average.

@jaya.0069 2 месяца назад

@@SandfordSmythe That's a good bet!

@Tryp-j9d 2 месяца назад

AVERAGE lifespan at 70 is WELL PAST 86, DUMBBELL!!

@Tryp-j9d 2 месяца назад

@@SandfordSmythe70 is for us NON-SMOKING, NON-OBESE, NON-ALCOHOLIC NON-DRUGGIES!!!

@jacquelinefransaw6911 2 месяца назад

Why some people only get 1300 a month

@tomblevins5020 Месяц назад

Some fools collect at 62. People are so stupid!

@119jle 2 месяца назад

At 62 my basic SS is $2900 a month 😔

@bigjohnny5280 Год назад

All I can see in my mind is KFC behind you and now I want fried chicken.

@bhinbayoucity5691 Год назад

Yes...Korhorn Fried Ghicken! Lol. 🐔

@websterhays8352 8 месяцев назад

Fried chicken? Eat fried chicken and you will never make it to 70.

@jaya.0069 2 месяца назад

@@websterhays8352 Or to the toilet!

@Tryp-j9d 2 месяца назад

NAZI!!!!

@crystalarrington6399 Месяц назад

KFG

@missouri6014 Год назад

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

@stevemiller1517 2 месяца назад

They ne er say to figure out what amount to live on.

@donaldvonlintig8445 Месяц назад

"Figures Never Lie"... "And Liars, Never Figure" !

@WayneBeyenhof-s4e 3 месяца назад

My accountant said most people can't live on ss Ya and they take it away taxing it

@stevecampbell7620 2 месяца назад

It was NEVER meant to be the sole source of retirement income

@Tryp-j9d 2 месяца назад

@@stevecampbell762040% MAX was its target.

@reginaldswindell4262 5 дней назад

Is $2422 a month the maximum I can receive of SS ?

@dalesharpy9197 29 дней назад

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.

@taft1107 Месяц назад

take your cash and run as soon as you can get it...big brother makes billions if we all waited until we hit our max,, too many people die early and miss the all those checks stating at age 62. Im taking my 2400 a month, hopefully ill enjoy it for the next 15 to 20 years😁😁

@Tryp-j9d 2 месяца назад

Um….your number are QUITE SKEWED, you REFUSED to mention that almost ALL couples receive TWO “checks” every month!!!

@wilee.coyote5298 8 месяцев назад

7:46 max ss amount

@markjohnson3616 Месяц назад

Got a term illness had to collect at 47 mine is about 3200, was lucky i was union also got to collect my pension

@oscarlavista7677 Месяц назад

People who bash SS can not see any further ahead than tomorrow. Them sums a beeches ur taykin muney owt me pey chek.

@Jimfundercover2 Месяц назад

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

@tomb727 13 дней назад

Blah blah blah blah blah.

@apoloestrada2908 Месяц назад

My average SS if I have to work 10 more years is $1358.

@cdgood-a2m 2 месяца назад

Waste a time .

@timnavarrette3274 Месяц назад

This guy's yaks way too fn much!!! Get to the fn point!!!!

@bradleyvanzile1111 Месяц назад

54 Retired on SSDI 2400 a month

@Tryp-j9d 2 месяца назад

NEITHER will starting at 62!!!

@dgordon2991 2 месяца назад

I this average SS benefit dollar amount before or after taxes and medicare part B deduction?

@Tryp-j9d 2 месяца назад

He LEAVES OUT the fact that COUPLES get TWO benefit checks each month!!!

@AllanSwab Месяц назад

Good day my friends, I just need to vent a little. I recently had the pleasure to hold a conversation with a bank loan officer that did not know that a person who receives a SS check must wait 5 weeks 4 times a year before receiving their allowance . Most checks are sent the 3rd Wednesday of each month. Trust me check it out. We are to believe that the government doesn't fiddle around a little ? Vs remembering SS checks were sent on the 3rd of each month. God bless

@mikewilloughby1119 Год назад

I am 69 I draw $2555 per month

@malcolmlivingston2014 Год назад

Fuck yeah bro

@jaya.0069 2 месяца назад

Big Whoop!

@Tryp-j9d 2 месяца назад

That SUCKS!!!

@mikewilloughby1119 2 месяца назад

Thanks!

@yeyeyen2509 8 месяцев назад

Hay Today Tomorrow WHEN?????????????? WHEN??????????? Bollshti WHEN Stimurus Checks COME IN Bank Accounts Thenks you USA 🇺🇸 🇺🇲🇺🇲🇺🇲👍👍👍👍😭😭😭😭

@Jamas-hm5qj 3 месяца назад

I regired at 62 and im on ss and saa a d only make 600.00 a month.and cant even get and an apt.

@rodbutler4054 2 месяца назад

Stop taxing SS after age 70!!

@jaya.0069 2 месяца назад

@@Jamas-hm5qj Dang James, that's not enough to buy a tent!

@scottmoede5316 Месяц назад

How long do you think your going to live?

@websterhays8352 8 месяцев назад

I began collecting this year at 68 and my check is $4,100 per month. Why is the average check so low?

@greggrose6802 3 месяца назад

You made more over your 35 years.

@bluesteel48 2 месяца назад

@@greggrose6802. That’s correct.

@JustAnotherJarhead 2 месяца назад

Clue: most women work full time HALF as many years as men. Also...they earn less in general. Also, not everyone was a baller like you, some live in Arkansas and Mississippi and earned less each year than You did.

@119jle 2 месяца назад

You’re nuts. You’re on disability. Fake claim. Yes I work for SS

@hellcatriot2798 Месяц назад

He clearly explained that, watch the video agin.

@bobbychildress2027 3 месяца назад

if your not full retirement age your savings cant be disclosed you are only allowed to have 2k in the bank at any time or they will hold your check it happened to my brother

@abqneely 2 месяца назад

That’s simply false. Social Security retirement benefits aren’t impacted by the $2000.00 limit you referenced. That limit applies to SSI benefits. SSI is administered by Social Security but it’s a means-tested income support program, not Social Security.

@jaya.0069 2 месяца назад

Nah, that's BS!

@abqneely 2 месяца назад

@@jaya.0069 What in particular is BS?

@morganbrickwall7902 2 месяца назад

Your brother is drawing SSI not SS or SSDI. "SSI is based on financial need, while SSDI is based on work history. To qualify for SSI, you must be 65 or older, blind, or have a qualifying disability, and have limited income or assets. To qualify for SSDI, you must have a disability, have worked long enough in Social Security-covered jobs, and have paid Social Security taxes."

@abqneely 2 месяца назад

@@morganbrickwall7902 Your explanation is spot on. Too many people misunderstand SSI and think it’s Social Security. SSI was created in 1972 to replace a state patchwork of Aid to Needy and Disabled programs throughout the United States. The payment amounts as well as eligibility criteria were very inconsistent. A person could have been determined to be disabled in California and subsequently move to Georgia and be terminated from benefits. President Nixon with the support of a Democratic Congress ended that. In fact, many Republicans supported SSI as well. Thank You.