maximum

Are you eligible for the maximum Social Security benefit of $4,194?

Are you eligible for the maximum Social Security benefit of $4,194?

(Maurie Backman) Social security does not pay the same amount to all seniors. On the contrary, the monthly benefit to which you are entitled will depend on various factors, and you could end up collecting $2,000 a month during retirement while your neighbor, for example, receives only $1,600. Meanwhile, there is a maximum benefit that …

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Why the maximum Social Security benefit of $4,194 is a fantasy

Why the maximum Social Security benefit of $4,194 is a fantasy

(James Brumley) It may not be a huge amount of money, but it is certainly enough to live comfortably. Cashing $4,194 in Social Security checks every month translates to an income of over $50,000 a year, which is roughly what the average American worker earns these days. However, the chances of you collecting the maximum …

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