Your retirement contribution is a reflection of how much you paid into the system throughout your working life. It's derived from your average monthly income during your 35 highest earning years. The maximum benefit that you could get in 20 21 is about 39 hundred dollars, but that's if you retire at 70.
But somehow it got very scary.
Today’s show was produced by Victoria Chamberlin, edited by Matt Collette, engineered by Efim Shapiro, fact-checked by Laura Bullard and hosted by Sean Rameswaram.
Transcript at vox.com/todayexplained
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