If you're reading this, then odds are good you already know last year's average monthly Social Security payment was worth $1,559. As such, if your retirement budget is loosely based on that $1,559 average, you might want to find out exactly how much you'll be banking from the government-run program when the time comes. In this case, that important detail is the fact that you're actually not likely to be collecting a Social Security check within $100 of the 2020 average payment of $1,559.
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