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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 ...
The maximum Social Security retirement benefit in 2025 will be $5,108 per month, or the equivalent of $61,296 per year. Here's who can expect to receive that much next year.
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.
For example, if you qualify for the maximum Social Security payout of $3,895 and your spouse’s benefit based on their own work record is just $1,200, they’ll earn more claiming the 50% spousal ...
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.
Someone who received the maximum monthly benefit of $4,555 in 2023, for example, would receive a monthly benefit of $4,700 in 2024 since retirees received a 3.2% raise this year.
The formula above highlights the three things a person must do to claim the 2025 maximum Social Security benefit: Work for at least 35 years before applying for benefits, to avoid zero-income ...
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, ...