Know Who Who is qualified to receive up to $4,873 monthly from Social Security in 2024?
The maximum benefit to be received from Social Security By 2024 will increase to $4,873.
The maximum Social Security will be available to those who wait until age 70 or later to request their retirement.
The exact amount a beneficiary will receive depends on these several factors.
1- Number of years worked.
2- The salary received and the amount of taxes paid to Social Security during the work period.
3- The age at which retirement is requested
The longer you postpone your retirement, the greater the benefit you will receive.
For more detail about Social Security cost-of-living adjustment(COLA) visit "www.ssa.gov".
Know How to get a Social Security number? learn the complete step here.