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The maximum Social Security benefit you can receive
Given that for about 62% of beneficiaries, Social Security represents more than half of their retirement income, you may be interested to know what the maximum Social Security benefit you can receive is, and also how you can achieve it. In simple terms, your full retirement age (somewhere between 66 and 67, depending upon when you were born) is the point at which you get 100% of the benefit you’ve earned from a lifetime of working, but waiting beyond that age can yield you some very real and substantial financial reward in increased benefits. This Motley Fool article by Todd Campbell discusses how you can maximize your Social Security benefit by waiting until age 70 to claim it, as well as what the maximum amounts which can be paid are. Click here to read more.
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