Retirement planning is one of the most important things for United States citizens to keep in mind. Many retirees collect only a Social Security check once they stop working. Therefore, having a good check is key if we want to live as well as possible.
And to get a good check, there is no better way than to know what the limit is and get as close to it as possible. This retirement payment has a maximum depending on certain conditions, such as the age at which we apply for Social Security. There are also ways to increase the monthly check.
Maximum Social Security retirement check at age 67 in May 2024
Depending on the age at which we apply for retirement the maximum check may be higher or lower. For retirees at age 67, Social Security can reach a figure of up to $3,822. This is the same maximum for United States Disability beneficiaries.
But having this maximum check does not mean that we will always get such a benefit. The payment can be much smaller, so try to maximize your chances before you apply for retirement so you can have a better life and a bigger budget each new month you start.
How do I get a larger Social Security check for retirement?
To get as close to the $3,822 maximum as possible, there are three aspects of Social Security to consider. Most important of all, we need to plan for retiring many years in advance.
In this regard, we have to take into account the retirement age, the years worked and the salary during those years. In terms of retirement age, claiming Social Security at age 67 means getting 100% of the money contributed, so if that is our goal we have to maximize the other two aspects.
To achieve a good Social Security retirement figure we must work a minimum of 35 years and have a high salary. Fulfilling this, the Social Security payment could be close to the maximum check. Although not all retirees reach that amount, it is true that it is possible to have a good benefit to live in the best possible way.