Social Security Supplemental Income 2022 – $841 direct payments drop in DAYS – find out exact date

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Social Security will not replace income after retirement

As you plan for retirement, it’s important to remember that Social Security is only meant to cover about 40 percent of pre-retirement income.

The maximum benefit for a person who files for Social Security at full retirement age (FRA) in 2022 is $3,345 per month.

FRA is the age at which you qualify for 100 percent of the benefit calculated from your earnings history.

That’s $40,140 a year. However, the average rent in the US is around $1,100 to $1,200.

This leaves a retiree with $25,740 a year, just above the poverty line.



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