Thinking of Claiming Social Security? Be Prepared for Less Than the $3,895 Maximum

Thinking of Claiming Social Security? Be Prepared for Less Than the $3,895 Maximum
Christy Bieber, The Motley Fool

In 2021, the maximum Social Security benefit is going up slightly, to $3,895. Retirees who receive this amount will have an annual income from Social Security of $46,740 per year. That's a generous amount of money -- especially since it's guaranteed for life and benefits are protected against inflation.