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


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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