$4,873 Monthly Social Security Benefits – How Retirees Earn Big Checks
Unlocking Maximum Social Security Benefits
Some retired folks are getting a big check from Social Security like $4,873 each month. It’s not because of anything special but because they earned a lot of money during their working years.
Social Security looks at how much money you made throughout your career. They adjust it for inflation and then find the average of the 35 years when you earned the most. That average decides how much you get every month when you retire.
But there’s a limit on how much money counts toward your Social Security. It’s called the wage base limit, and in 2024, it was $168,600. Some people earn this much or more for 35 years straight which gives them the highest average wage and the biggest monthly Social Security check, according to the report of The Motley Fool.
(photo: Newsweek)
Boost Your Social Security Benefits: Maximizing Payouts with Delayed Retirement Credits
If these retirees wait until they’re 70 to start getting Social Security they get even more money each month. It’s because they get something called delayed retirement credits which make their checks even bigger.
If you want to get a bigger Social Security check you can try to earn more money and wait longer to claim your benefits. You might not get as much as $4,873 a month, but every little bit helps, especially since Social Security is often the main source of income for retirees.
