St Clair County Courthouse Pell City, AL, Pell City, Alabama. 232 likes Â· 2,368 were here. Public & Government Service
This Little-Known Pension Rule May Slash Your Social Security Benefit. Mark Miller / Reuters. Updated: Apr 22, 2015 6:57 PM ET | Originally published: Apr 16, 2015. Some U.S. workers who have paid into the Social Security system are in for a rude awakening when the checks start coming: Their benefits could be chopped up to $413 per month.
Let's assume that you'll spend close to the national average based on BLS data: $5,756. If you spend closer to this amount, it would be wise to dedicate the remainder of your check toward this expense. But, it's important to plan for rising healthcare costs that your Social Security checks likely won't cover.