Quote:
Originally Posted by retiredguy123
Today, the maximum SS payout at full retirement age, is about $37,000 per year, before taxes. I think the original goal of SS is irrelevant. But, the real goal for most Government programs is to get votes.
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The maximum you can possibly get, if you wait until you're 70 to take social security, is $46,740/year ($3895/month).
At full retirement age, which is 66 and 2 months, is $37,776/year (3148/month).
In order to get that, you need to have earned over $100,000/year for around 30 years.
There is also a maximum family benefit - which is the most a family can receive off of a single person's social security, including minor children, disability, spousal and survivor benefits. That maximum is between 150% and 180% of the breadwinner's primary amount.
And so that person who is getting $1500 for herself, plus $1500 for EACH of her twins? It's not happening. It just flat out ain't happening. The formula doesn't go up that high. That'd be 300% of the base, and the maximum is only 180% of the base.