Currently, Social Security checks in any of the United States can reach a figure of $4,558. This figure is only attainable when applying for the age retirement benefit. In the cases of the disability benefit, reaching this amount with Social Security is impossible, although the figure can also be quite high.
Apart from this, we must also take into account that not all citizens can reach this figure. One of the requirements for obtaining the maximum Social Security is to plan a long time in advance. Therefore, we cannot think just before we retire that we want to get the biggest retirement check.
However, it should be remembered that it is possible to increase the check once we have retired, although sometimes it is not advisable. Whether we have already retired or not, it is possible to increase the Social Security check in 2023, although not in all cases we will get a much larger check.
Increase your Social Security check in 2023 if you have already retired
It is possible to increase our Social Security check after retirement if we are willing to do so. It is hard work, as it will require increasing the 35-year earnings with more earnings during our working years.
Thus, the trick to being able to increase our retirement check is to keep working. Even then it may not be worth it. In addition, we should also keep in mind that part of our Social Security check could go away in taxes if we go over the possible benefit limit.
In this sense, it is more advisable to continue receiving the benefit without working directly and earn passive income. Either by selling things we don’t need or by creating a business.
Increasing your retirement money in 2023
In order to achieve the maximum of $4,558 per month, it is essential to maximize three fundamental aspects. These are the three aspects to keep in mind:
- Retirement age.
- Years worked.
- Salary as a worker.
The later we apply for retirement, the better Social Security check we will have. This does not mean that the increase is infinite, since it has a limit. Retiring after the age of 70 does not bring any real benefit.
On the other hand, the other two elements depend on each other, although not in a direct way. The higher our salary, the bigger the final retirement cheque will be. As for years worked, 35 is the key number. Working below that time will cause the Social Security check to go way down, as it adds 0 to the average.