The Complete Guide to the Highest Retirement Benefit in 2023

When it comes time for retirement, every citizen of the United States wants to get the largest Social Security check possible. While it is true that there is a limit of $4,558 in the year 2023, not all retirees can get it. What is possible is to increase the benefit so that we can reach a good amount of money for Social Security checks.

The first thing to keep in mind in all of this is that if we have already applied for the Social Security check, it is very difficult to increase it. In these cases, we have to wait for the annual COLA to get that little boost to increase benefits. This year, the checks have increased by as much as 8.7%, although it seems to be not enough in many cases.

Regardless, anyone planning for retirement should be that there are three key things to keep in mind to have the best golden years. These three elements must always be watched out for, otherwise our Social Security could be too small. While increasing the check to the maximum is only available to a few people, we can get a good check that will give us a large amount of dollars per month.

The guide to increasing your Social Security check in 2023

In order to get the biggest Social Security check in 2023, it is mandatory to make a retirement plan beforehand. Otherwise it is impossible to collect a very large check with only the year 2023 as planning. If you want to reach a larger dollar amount in 2023 follow these tips.

1. Reconsider not retiring. The minimum age for retirement is 62, but this does not mean it is mandatory. Retiring later is a good option, especially if we want to have a larger check. At 62, the retirement check is 70% of the money contributed. It is mandatory to wait until the age of 67 so as not to have any penalty and thus collect 100%.
2. Ask for a salary increase. Having a high salary as a worker means having a bigger Social Security check in the future. The more taxes you pay, the better benefit you will get.
3. Work for as many years as you can. To apply for the Social Security check, you must have worked for at least 10 years. But if we apply for retirement with that work experience, the check will be very low. The average retirement is made with the 35 years with the highest salary worked. Each year not worked below that figure will cause our check to be much lower.

We should try to maximize all of these parameters. Then, our Social Security check will be very high and close to the maximum of $4,558 per month.