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2. How Social Security benefits are calculated - AOL

   www.aol.com/finance/social-security-benefits...

   The formula for calculating your PIA is based on the average indexed monthly earnings, or AIME, in your 35 highest-earning years after age 21, up to the Social Security wage base. In 2024, the ...

3. I’m a Florida Retiree: 3 Ways I Spend My Social Security - AOL

   www.aol.com/finance/m-florida-retiree-3-ways...

   Find Out: How Far $750,000 in Retirement Savings Plus Social Security Goes in Every State. Taxes. Property taxes in Nassau County, Florida, where she and her spouse live, amount to about $333 each ...

4. Social Security (United States) - Wikipedia

   en.wikipedia.org/wiki/Social_Security_(United...

   Retired Social Security. In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration (SSA). [1] The Social Security Act was passed in 1935, [2] and the existing version of the Act, as amended, [3 ...

5. Want the Max $4,873 Social Security Benefit? Here's the ...

   www.aol.com/want-max-4-873-social-160000053.html

   The maximum retirement benefit this year is $4,873 per month, or $58,476 annually. ... for the purpose of determining how much you pay in Social Security tax at the rate of 12.8% (with half that ...

6. History of Social Security in the United States - Wikipedia

   en.wikipedia.org/wiki/History_of_Social_Security...

   In 2009, nearly 51 million Americans received $650 billion in Social Security benefits. The effects of Social Security took decades to manifest themselves. In 1950, it was reported that as many as 40% of Americans over 65 were still employed in some capacity, but by 1980 that figure had dropped to less than 20%.

7. Social Security Wage Base - Wikipedia

   en.wikipedia.org/wiki/Social_Security_Wage_Base

   It is also the maximum amount of covered wages that are taken into account when average earnings are calculated in order to determine a worker's Social Security benefit. In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1][2 ...