Every citizen of the United States of America wants to have a large Social Security retirement benefit. Of course, there are benefits to help make this actually happen. It is not possible to get the maximum Social Security subsidy by filing for retirement at age 62, but it is possible to maximize this monthly check to get a higher payout every month.
And also keep in mind that every year this maximum goes up a bit due to inflation and COLA. This means that by 2022 we have one figure, but in 2023 we will have a different one. The retirement age of 62 is the minimum age except for people with disabilities. If you are thinking of retiring at age 62, you need to know that your check will not go over $2,364. For many people, this is a very good benefit, so it depends on the individual.
Getting maximum Social Security at age 62
In order to apply for a Social Security benefit, we must work at least 10 years. These do not have to be consecutive years. Anyway, with these 10 years worked you will not get a good benefit, but a really low one. So, if you want to reach the maximum $2,364 retirement check at age 62, follow these tips:
- Work as many years as possible. Remember that for good Social Security, it is mandatory to contribute a long time. The minimum is 10, but the SSA averages the highest-paid 35 years. Working less than 35 years is a mistake because it subtracts many dollars from the average.
- Have a good salary. A higher salary means having a higher benefit in the future. Social Security uses your taxes to calculate how much you will earn in the future with the subsidy. So get a high salary to have a good subsidy.
- Make a plan with time to work. Don’t aim to start working at age 50 and get a good Social Security benefit at age 62. Try to start working as early as possible so you don’t have a low subsidy. Plan well in advance for your retirement.
If you don’t follow these tips, the maximum benefit of $2,364 by applying for Early Retirement Age will be impossible. Still, you can look for alternative sources of income, as well as an independent pension plan to help you pay month-to-month for all expenses. In addition to all of the above, try to save on work time, as well as try not to have superfluous expenses that will wipe out your Social Security benefit too soon.