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The Social Security Maximum–How Do You Get it?
The previous news article on this site addressed the ways one can beat the average Social Security monthly benefit amount, while this nasdaq.com article (also by The Motley Fool’s Christy Bieber) takes a look at the highest monthly benefit available from the program ($4194). Although Ms. Bieber’s article discusses ways to achieve this maximum figure, with one of them being the necessity of earning the maximum taxable amount (the wage-base limit) in 35 of the years comprising your earnings history. Another way to get closer to this limit is to delay filing for benefits as long as you can, up to age 70, and reap the reward of delayed retirement credits. Of course, as Ms. Bieber points out, reaching this level is pretty much a fantasy for most Americans. Read her post here…