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.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.