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Here are some ways to increase your Social Security benefits: Earn more. The formula that the Social Security Administration (SSA) uses to compute your benefits takes your 35 highest-earning years ...
It's likely the most important Social Security chart you'll see. ... For example, if the primary claimer receives $2,000 monthly, the person receiving spousal benefits can receive up to $1,000 if ...
Each calendar year, the wages of each covered worker [a] up to the Social Security Wage Base (SSWB) are recorded along with the calendar by the Social Security Administration. If a worker has 35 or fewer years of earnings, then the Average Indexed Monthly Earnings is the numerical average of those 35 years of covered wages; with zeros used to ...
The 35-year rule for Social Security may not be widely discussed, but it's vital for anyone planning their retirement. Missing years can lead to a smaller Social Security check, so knowing this ...
The not-so-secret formula to calculating Social Security benefits. ... For example, a 62-year-old born in 1962 whose total indexed earnings over her 35 highest-earning years were $2.5 million ...
Image source: Getty Images. 1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January ...
Social Security spousal benefits allow people to receive benefits based on their partner's earnings record if one of the following applies: They're at least 62 years old They're caring for their ...
Benefits Grow by: Full Retirement Age of 66. Full Retirement Age of 67. 5/12 of 1% per month (5% per year) From 62 to 63. From 62 to 64. 5/9 of 1% per month (6.67% per year)