"While your monthly benefits will hinge on your personal wage history, your filing age will also help determine how much money Social Security pays you each month. For example, if you file for Social Security at full retirement age (FRA), which is 67 for people born in or after 1960, you'll get your exact monthly benefit based on your wage history."
"The reality is that Social Security is only designed to take the place of about 40% of your pre-retirement paycheck. Most seniors, however, need about 70% to 80% of their pre-retirement pay to live comfortably. So you'll need income outside of Social Security to fill in that gap. And investing in high-yield ETFs could be your ticket to boosting your retirement income and getting to enjoy your post-working years with less financial stress."
Social Security monthly benefits depend on personal wage history and filing age, with full retirement age (FRA) at 67 for people born in or after 1960. Filing before FRA reduces monthly benefits, while delaying past FRA increases benefits permanently. Social Security generally replaces about 40% of pre-retirement pay, whereas most seniors need roughly 70% to 80% to live comfortably. Additional income sources are therefore necessary. High-yield ETFs aim to produce above-average income through varied holdings and strategies, offering diversification, consistent distributions, and potential income even in weak markets, which can help hedge volatility and supplement retirement income.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]