Social Security: How to Estimate Monthly Retirement Benefit?
Scam Alert Scammers are pretending to be government employees. They may threaten you and may demand immediate payment to avoid arrest or other legal action. Do not be fooled! If you receive a suspicious call: Hang up! Do not give them money or personal information! Report the scam at oig.ssa.gov All workers paying FICA ( Federal Insurance Contributions Act ) and SECA ( Self Employed Contributions Act) taxes for 40 quarters of credit (QC) or more on a specified minimum income or more are "fully insured" and eligible to retire at age 62 with reduced benefits and higher benefits at full retirement ages of 65, 66 or 67 depending on your birth date. [10] How much does the average American actually get from the Social Security system? [17] There isn’t a uniform answer, as there are many factors at play. But overall, numbers from the Social Security Administration show the average for all Social Security receipts is $1,249.55 per month , and for retired workers (over the a...