Are You on Track for the Max Social Security Benefit?
The maximum Social Security benefit in 2022 will be $4,194 per month. But who can get that? Maurie Backman explains in this piece. The key is delaying benefits as long as possible, to age 70. Also, very high earnings are required. One would have had to earn at or above the maximum amount that is taxed. This will be $147,000 in 2022. Still, one can achieve their own personal maximum monthly benefit by waiting past age 62, up to age 70. 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.