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Are You Eligible for the $3,895 Max Social Security Benefit?
Katie Brockman is very clear right off the bat that very few will get the absolute maximum monthly Social Security benefit of $3,895. The average is $1,557 per month. But who gets the max and how is it possible? Length of career, income, and filing age are the three main determinants to what one will get. Getting the max means earning the max and making payroll tax contributions at the max level for 35 years. In 2021, the income limit is $142,800 per year. No payroll taxes are contributed once that income level is reached. Full article here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.
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