PUBLISHED MON, NOV 2 202010:35 AM
EST Robert Exley Jr.@ROBERTEXLEY Noah Higgins-Dunn@HIGGINSDUNN MacKenzie Sigalos@KENZIESIGALOS
WATCH NOW
VIDEO02:37
How
Social Security benefits are calculated on a $45,000 salary
Over 64 million Americans currently
receive Social Security benefits.
The amount each person gets will vary and is
calculated using an equation that takes into account your past and present.
Benefits are based on your income, the year you
were born and your age when you decide to start taking money out.
Remember: Social Security was not designed to be
your sole source of income for retirement, and the totals are always changing.
So how much should you expect in Social Security
benefits if you make $45,000 a year? Watch this video for a breakdown of how much
you will get.
Disclosure: NBCUniversal and Comcast Ventures
are investors in Acorns.
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