Maximizing your Social Security benefit
Assuming you have met or exceeded Social Security’s “payroll tax cap” each year in the 35 years used to compute your benefit, the “maximum” amount of Social Security - the maximum primary insurance amount you’d be entitled to if you retire in 2017 - is $2.687. For 2018, that amount is going up to $2,788, but here’s a little secret: There are ways to make your benefit amount even higher than whatever Social Security’s primary insurance amount (PIA) maximum is. This Motley Fool article by Todd Campbell explains that knowing how benefits are calculated plus another rule or two, gives you the opportunity to make your benefit check even higher than the annual “maximum” PIA. Click here to read more.
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