How To Get The Maximum Social Security Benefit

The maximum Social Security benefit for an individual turning full retirement age in 2020 is $3,011. That’s a lot of monthly income! But how likely is it to get that amount or even close to it? After all, the average benefit is about half that amount at $1,503 per month. So how do you get your benefit from the average - to the maximum? The simple answer is earnings but it may not take as much as you think.

RESOURCES

My video on how to calculate Social Security benefits
youtube.com/watch?v=im1IYEa_B2o&feature=you…

Your step-by-step guide to setting up your mySSA account (to get your earnings history)
socialsecurityintelligence.com/my-social-securi…

Entire POMS section that deals with “Wage Development” which includes the pertinent sections on the maximum benefit.
secure.ssa.gov/apps10/poms.nsf/lnx/0301404000

SSA webpage on the Maximum Social Security Benefit ssa.gov/oact/cola/Benefits.html

Historical maximum wages for the determination of the max Social Security benefit secure.ssa.gov/apps10/poms.nsf/lnx/0301404300

SSA webpage on historical maximum social security benefit amounts ssa.gov/oact/cola/examplemax.html


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📜 HEAR YE HEAR YE: Some of my videos contain links to third party products, apps, and services. If you click through, I may receive a small referral fee to my media company (Carroll Media Properties) through their referral program. Rest assured, I only recommend products or services that I believe will be helpful and informative to my audience.

⭐⚠️⭐Please read this⭐⚠️⭐

⚠️I am not an attorney, SSDI advocate, or affiliated with the Social Security Administration or any other entity of the US Federal Government. I am a practicing financial planner, but I’m not YOUR financial planner and since I don’t really know you, I can’t give you advice. So please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and financial advisors. 🙇🙇🙇🙇🙇
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