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Understanding Social Security’s Upper-Level Benefits
In 2017, the “maximum” monthly benefit available to a beneficiary retiring at their full retirement age is $2687, an amount that generally moves yearly based on National Average Wage Index. For those waiting until age 70 and earning Social Security’s delayed retirement credits, though, this maximum amount increases to $3538 per month. In reality, though, and as explained in an article by The Motley Fool’s Sean Williams, the average monthly benefit in 2017 is about $1370…quite a difference! Williams takes a look at this subject in a post today on Madison.com. Read it here…
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