If you want get the receive the largest Social Security possible, this is what you need to earn during your career
Briefly

from 24/7 Wall St.2 months ago
To maximize Social Security payments, individuals should consider delaying their filing until age 70, resulting in a significant boost in monthly benefits.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/06/if-you-want-get-the-receive-the-largest-social-security-possible-this-is-what-you-need-to-earn-during-your-career/
In 2024, the maximum benefit for Social Security at full retirement age is $3,822, while delaying to 70 can raise that to $4,873.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/06/if-you-want-get-the-receive-the-largest-social-security-possible-this-is-what-you-need-to-earn-during-your-career/
The 2024 income subject to Social Security taxation will rise to $168,600, marking an increase in limits aimed at sustaining future benefits.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/06/if-you-want-get-the-receive-the-largest-social-security-possible-this-is-what-you-need-to-earn-during-your-career/
Contrastingly, if retiring at 62 in 2024, the maximum payment drops significantly to $2,710, emphasizing the importance of retirement timing.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/06/if-you-want-get-the-receive-the-largest-social-security-possible-this-is-what-you-need-to-earn-during-your-career/
Read at 24/7 Wall St.
#social-security #retirement-planning #benefit-maximization #income-limits #financial-strategies
[
|
]