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Can You Get the Maximum Social Security Payment? Probably not, and here’s why. - Crossroads Today
Thanks to a historically high cost of living adjustment, all of Social Security’s numbers are going up in 2023, including the maximum amount of monthly benefit payable. But there are some pretty high hurdles that must be jumped before getting that maximum monthly benefit, including being a high-earner for almost your entire life and waiting until age 70 to claim Social Security. This Crossroads Today article by Kailey Hagan explains.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. Learn more about it here…