Checks from Social Security are for all sorts of workers. In fact, they are for all the people who have worked and paid taxes. Remember that to get a retirement benefit, you must have earned at least 40 work credits. There are millions of Americans who have done so and now get checks. Actually, there were 65,994,457 Social Security beneficiaries according to SSA last year.
Believe it or not, even the United States President, Joe Biden, and the First Lady, Jill Biden collect Social Security checks. It does not really matter your job or position in the country, as long as you meet the eligibility requirements you can claim and collect your rightful checks. Remember that to retire you need to be at least 62 and you can put it off until you are 70. Joe Biden is 80 years old and Jill Biden is 71, so they meet that requirement.
How much do Joe and Jill Biden get for their Social Security retirement check?
As you may know, you can file your tax return to the Internal Revenue Service individually or jointly if you are married. The President of the United States, Joe Biden, and the First lady, Jill Biden, file their tax return jointly. Therefore, you can work out what they earn each month by having a look at their online income tax return. In total, they got $54,665 in Social Security checks in 2021.
That makes 4,555 dollars per month as a combined payment since they file together. Therefore, they got a 2.277-dollar check each. Despite the fact that they do not get the maximum amount, it is a very high check. Much higher than what most Americans collect every year. According to SSA, the average Social Security retirement benefit is $1,779.16. The amount they get for 2023 may be a little higher due to COLA.
What is the maximum amount you can get from Social Security retirement benefits?
The maximum amount of your Social Security check could be as much as 4,555 dollars. However, you must have earned the highest amount SSA set every year for 35 years. This is a very tricky thing to achieve and that is why so few people manage to get it. Not even the President of the USA, Joe Biden, and the First Lady, Jill Biden, have managed to receive that high check.
Another key factor to get the highest check from Social Security is to retire as late as possible. If you retire at the age of 62 the maximum amount you could possibly get is $2,572. To make it bigger it would be best to retire at Full Retirement Age and get as much as $3,627. According to Forbes, Biden started claiming Social Security benefits at 66. Had he waited until the age of 70, he would have made his check larger.