Social Security and You
We could do a weekly segment on Social Security alone. The stats are astounding:
· In 1940, the life expectancy of a 65-year-old was almost 14 years; today it is just over 20 years
· December 2018, the average monthly benefit was $1,461
· By 2035, the number of Americans 65 and older will increase from approximately 49 million today to more than 79 million
· There are currently 2.8 workers for each Social Security beneficiary. By 2035, there will be 2.2 covered workers for each beneficiary
That being said, let’s chat more about it today on NEW Retirement Live!
Find out why 2019 is a key year for Social Security, how divorce affects your accounts, and when to choose between a lump sum or a bigger Social Security benefit.