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With the 2025 Social Security COLA now in effect, the maximum possible benefit for retirees has increased. In this video, Certified Financial Planner® Matt Frankel discusses what the maximum ...
In 2024, the maximum monthly Social Security benefit at full retirement age was $3,822. In 2025, it's rising to $4,018. And if you're a higher earner who's reaching full retirement age in 2025, ...
This is how the average and maximum benefit amounts have changed since 2014 -- as well as some not-so-good news about the future of Social Security. Two people sitting at a table looking at documents.
Your maximum benefit if you file at age 70 – the age when extra benefits stop accruing – is $4,873 per month. Social Security reduces benefits as much as 30 percent for those filing at age 62.
3. Maximum Social Security benefit also set to increase. The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This ...
The second thing you must do to earn the max benefit is to earn the maximum income subject to Social Security payroll taxes in each of your 35 highest-earning years. In 2024, that's $168,600. In ...
A 35-year work history alone won’t score you Social Security’s maximum monthly benefit. You’ll also need 35 years of wages that meet or exceed the program’s annual wage cap.
If you claim benefits at age 62 (the earliest you can claim them), your maximum benefit would be $2,572. To put those figures in context, the average Social Security retirement benefit as of March ...