The average 67-year-old retired worker gets $1,883.50 per month from their Social Security benefit, which is $22,602 per year. This is slightly less than the $1,905.31 average benefit paid to retired workers,

Whether you're ready to apply or looking to learn more about applying for Social Security, we'll fill you in on the details.

The Social Security Administration (SSA) provides an opportunity for older adults to access retirement benefits starting at age 62, given they have accumulated at least 40 work credits. While early retirement offers the advantage of receiving benefits over a longer period,

To see all of your Social Security benefits, you need to sign up for a My Social Security account. Note that if you've already signed up for a login.gov or ID.me account, you can skip the following steps and just sign into your account. If you've never signed up for either of these services before, here's what you need to do.

Doug and Lee talk about possible changes to Social Security, such as income limitations and later retirement ages, highlighting how urgent reform is given the program's financial constraints. The post If You’re Approaching Retirement Age And Somewhat Wealthy There is A Good Chance Your Social Security Benefits Are Cut appeared first on 24/7 Wall St.