Read This Before You Get Your First Social Security Check
A lot of people look forward to a time when they're eligible for Social Security. And that's understandable, because who wouldn't want the government to send them a check every month for life? But before you get ready to retire and live on Social Security, there's an important thing you should know about those monthly benefits.A lot of people assume that once their first Social Security check rolls in, they'll be set, since their benefits will cover their expenses from that point onward. But what a lot of people may fail to realize is that the amount of money Social Security pays you each month is not the same amount of money you were getting at your job -- not even close.Image source: Getty Images.Continue reading
A lot of people look forward to a time when they're eligible for Social Security. And that's understandable, because who wouldn't want the government to send them a check every month for life? But before you get ready to retire and live on Social Security, there's an important thing you should know about those monthly benefits.
A lot of people assume that once their first Social Security check rolls in, they'll be set, since their benefits will cover their expenses from that point onward. But what a lot of people may fail to realize is that the amount of money Social Security pays you each month is not the same amount of money you were getting at your job -- not even close.
Image source: Getty Images.
