Here's the Maximum Possible Social Security Benefit at 62, 67, and 70

Oct. 6, 2024 - The Motley Fool

If you've worked a long and highly compensated career, you may be in line for the maximum possible Social Security benefit when you retire. Here's the salary you need if you want the maximum Social Security benefitThe first step to maximizing your Social Security retirement benefit is earning a high income during your career.

Earning above the maximum taxable earnings for 35 years during your career will likely put you in a position to receive the maximum possible Social Security benefit when you retire. If you're in line to receive the maximum possible Social Security check, it's likely a smart decision to wait until age 70 to claim your benefit.

Even if you're not in line for the maximum possible Social Security benefit (yet), it often makes sense to delay benefits until age 70...