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Social Security: New Bill Could Give Seniors an Extra $2,400 a Year The maximum that the Social Security Administration offers is six months’ worth of retroactive payments in the lump-sum payment.
Even if your spouse waited until age 70 to collect Social Security, your maximum benefit would remain at 50% of the primary beneficiary’s FRA benefit amount. More From GOBankingRates 4 Low-Risk ...
If you wait to file for your Social Security retirement benefits until after age 67, you may be able to claim retroactive payments. However, things have changed since 2016, when Congress changed ...
Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) All Social Security benefits received a 2.5% increase in January, thanks to the latest cost-of-living adjustment (COLA).
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This year’s 3.2% cost-of-living adjustment pushed the average Social Security retirement check to $1,864.52 a month as of March 2024, according to the Social Security Administration.
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