Here's the Maximum Possible $2025$ Social Security Benefit at $62,67,$ and $70$

By Adam Levy $-$ Nov $17,2024$ at $5$:$42$AM $($The Motley Fool$)$

Key Points

The longer you wait to claim Social Security, the bigger your monthly check will be$.$

The Social Security Administration sets the maximum taxable earnings for Social Security each year, adjusting for inflation.

If you earned above that threshold for $35$ years, you'lil be in line for a near$-$maximum benefit, but you might have good reason to wait.

Even if you're in line for the maximum possible benefit, you rnight be surprised at how much more you can get by waiting.

If you want a big Soclal Security check, a long and highly compensated career is a major prerequisite. But even if you earn enough to put yourself in a position to recelve the maximum possible $|$ benefit, the age at which you decide to apply for retirement benefits can have a huge impact on the ultimate size of your monthly check.

The difference between someone who claims Social Security as soon as possible at age $62$ and someone who waits until their benetits max out at age $70$ is amplified when you look at the maximum possible benefit. Many retirees opt to claim at their full entirement ags, around $67,$ to strike a balance between the two extremes.

But the differences between the maximum possible $2025$ Social Security benefit at $62,67,$ and $70$