Social Security Report

Latest News

Max Social Security benefit unattainable for most

Christy Bieber explains why most folks will never get the maximum monthly benefit for Social Security, currently $4,194 per month. In short, you would need to have made or exceeded the maximum wage cap, thus paying FICA tax on that amount, and do so for a full 35 years of your career. Many people do make very high incomes, but it’s unusual to do so for 35 years or more. Plus, you would have to start benefits at age 70, and very few people claim then. Full piece here.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.