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Maximum Social Security benefit in 2024 is $4,873 per month.
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Social Security wage base limit for 2024 is $168,600.
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If you earned more than $160,200 in 2023, you won't pay Social Security tax on the excess.
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Earning $120,000 yearly for 35 years yields a maximum benefit of $2,687.
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You can start receiving benefits at 62, but full benefits come at full retirement age.
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Delaying benefits until age 70 increases the benefit amount.
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Social Security benefits depend on years worked and income level.
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Benefits are calculated based on your highest-earning years.
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Social Security benefits provide financial security in retirement.
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