Having a Social Security pension in the United States is a good thing financially. Whether it is a disability benefit or a retirement benefit, any financial benefit is always welcomed by Americans. Especially in these uncertain times where inflation seems to be hitting American pocketbooks hard. And reaching the maximum benefit is possible, yes, but with certain requirements and several conditions.
There are several ways to increase the Social Security retirement benefit. The Administration offers a very straightforward way that will cause you to see an increase in your future benefit check every month. Delayed Retirement Credits add extra money every month after you reach Full Retirement Age (FRA) without claiming the benefit.
Getting a bigger Social Security benefit
The FRA usually comes at age 67. Some people can apply for it earlier, but today it is usually at that age. Therefore, if after age 67 you do not apply for your benefit and simply wait, it will grow gradually. The limit is 70 years of age. After that age it is impossible to increase your Social Security any further, no matter what you do.
Also, to get to the maximum of $4,194 per month this is the only way. So this means that to get the best possible benefit you need to wait until age 70 without collecting the benefit. Anyway, the good news is that at this point you will have a large amount of Social Security money available per month.
Remember that in order to increase your benefit to the maximum it is not only necessary to wait until age 70. You also have to have a good salary for at least 35 years of work. If you work less than that, your Social Security will be reduced, as $0 will be added to the average for each year not worked.