Social Security: Steps to Maximize Monthly Benefits

The maximum Social Security benefit for 2023 for eligible retirees will increase to an impressive $4,555 per month.

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[{"selector":"#anim-07ee69b5-6345-4b95-ba51-9d6ec254308c","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] 1. Working for at least 35 years. 1. Working for at least 35 years. CREDIT GETIMAGE

[{"selector":"#anim-2b334eaf-6311-499e-98fc-af1b95a00194 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] One has to work for at least 35 years to earn the maximum Social Security benefits – and get paid well. One has to work for at least 35 years to earn the maximum Social Security benefits – and get paid well. CREDIT GETIMAGE

[{"selector":"#anim-5588c4ba-8164-4657-a629-3ec4997e9baa","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] 2. Earn at least the Social Security wage base each year. 2. Earn at least the Social Security wage base each year. CREDIT GETIMAGE

[{"selector":"#anim-c6683e3a-d195-4849-8e09-295eb2d7605d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] For maximum Social Security benefits, the amount of Social Security wage base for the top 35 earning years must be earned. For maximum Social Security benefits, the amount of Social Security wage base for the top 35 earning years must be earned. CREDIT GETIMAGE

[{"selector":"#anim-c6760058-149b-4a3b-b930-e0957ab6b978","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] 3. wait until age 70 to claim benefits. 3. wait until age 70 to claim benefits. CREDIT GETIMAGE

[{"selector":"#anim-43d025bc-ce59-44e8-8108-d6d443f68e06 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] People who don't claim their Social Security until age 70 earn an extra 24% over what they earn at age 67. People who don't claim their Social Security until age 70 earn an extra 24% over what they earn at age 67. CREDIT GETIMAGE

[{"selector":"#anim-21488b79-9aa2-4f57-a6b2-2114896dc93c","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Is claiming maximum benefits really the best option? Is claiming maximum benefits really the best option? CREDIT GETIMAGE

[{"selector":"#anim-8c8607a6-0799-44b2-a547-69fa188579ef [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.628676365179714%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] If you rely on Social Security to provide the bulk of your retirement income, your check at age 62 may be a better option for you. If you rely on Social Security to provide the bulk of your retirement income, your check at age 62 may be a better option for you. CREDIT GETIMAGE

Social Security: Steps to Maximize Monthly Benefits

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Social Security: Steps to Maximize Monthly Benefits

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The maximum Social Security benefit for 2023 for eligible retirees will increase to an impressive $4,555 per month.

The maximum Social Security benefit for 2023 for eligible retirees will increase to an impressive $4,555 per month.

Social Security: Steps to Maximize Monthly Benefits

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