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  2. How is the maximum Social Security benefit calculated? - AOL

    www.aol.com/finance/most-social-security-2024-4...

    The absolute maximum Social Security benefit in 2024 is $4,873 monthly, more than double the estimated average of $1,907 retirees receive across the nation as of January. Don't miss.

  3. Here's the Maximum Social Security Benefit at Ages 62 ... - AOL

    www.aol.com/heres-maximum-social-security...

    This is the highest income subject to Social Security taxes, and in 2024, that cap is $168,600 per year. Your age is perhaps the biggest factor influencing your benefit amount.

  4. What is the maximum Social Security benefit? - AOL

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

    In contrast to these maximum amounts, the average Social Security benefit is quite a bit lower – about $1,706 per month, as of August 2023. That’s less than half of the maximum benefit for a ...

  5. Here’s the maximum you can get from Social Security - AOL

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    If you want to claim Social Security at 62 instead, which is the earliest allowable age, the maximum Social Security benefit drops to $2,324. If you retire any time between age 62 and age 70, your ...

  6. 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 ...

  7. Primary Insurance Amount - Wikipedia

    en.wikipedia.org/wiki/Primary_Insurance_Amount

    The Primary Insurance Amount ( PIA [1]) is a component of Social Security provision in the United States. Eligibility for receiving Social Security benefits, for all persons born after 1929, requires accumulating a minimum of 40 Social Security credits. Typically this is accomplished by earning income from work on which Federal Insurance ...

  8. The Maximum Social Security Check Is $4,555 in July 2023 - AOL

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

    If you claim benefits at age 62 (the earliest you can claim them), your maximum benefit would be $2,572. To put those figures in context, the average Social Security retirement benefit as of March ...

  9. Social Security (United States) - Wikipedia

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

    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] encompasses several social welfare ...

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