The “maximum” Social Security benefit, and how to get it
The Social Security Administration has an annual “maximum” benefit amount, which can go up a little each year. But their definition of maximum isn’t really the most you can get if you know the rules and can wait a little longer to start collecting. That’s because when the SSA says “maximum” they’re referring to what a beneficiary can get at their full retirement age, which is somewhere between 66 and 67 today, depending upon the year you were born. This Motley Fool article by Dan Caplinger appears at www.madison.com and explains what’s involved in getting the “maximum” benefit as defined by Social Security, and how you can get even more than that amount. Click here to read more.
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