What is the maximum I can receive from my Social Security retirement benefit?

Social Security
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August 2016
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Hello,

The answer depends on which age you file for the social security benefits. For example, assume your full retirement age (FRA) is 66, and the maximum benefit for the FRA in 2016 is $2,639 per mo. Say, if you’re 62 & contemplate to file for an early benefit, you may only get 75% of the full benefit, which is $1,979/mo. On the other hand, if you delay the claim to age 70, you will earn 132% increase, which is $3,483/mo. You can login to the social security website to find out specifically how much your potential benefits may be at various ages.  Keep in mind, if your work passes your claiming age, your benefits may be adjusted for an even higher amount, so will the cost of inflation adjustment, but the government will make that decision. Best!

August 2016
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