In a context of rising living costs, maximizing Social Security Income (SSI) becomes a common concern. Although challenging, it is possible to reach a monthly income of 4,873 if certain strategic steps are followed. Here we explain how to do it.
We tell you that among the first things to consider are: your years of work, your salary history, and your retirement age.
Years of Work: The Social Security Administration (SSA) calculates the monthly benefit based on the 35 highest-earning years in your work history. Therefore, it is crucial that you work more than 35 years to ensure that any year of low earnings is offset by others with higher earnings.
Historial Salarial: To obtain the maximum benefit, your salary must exceed the taxable wage cap each year. In 2024, this limit is 168,600. This means you must stay attentive to the annual updates of this cap and ensure that your salary exceeds this amount for at least 35 years of your working life.
Edad de Jubilación: The age at which you decide to retire has a significant impact on your monthly benefit. The full retirement age (FRA) ranges between 66 and 67 years, depending on your birth year. However, to reach the maximum amount of 4,873, you will need to work until age 70. Each month you delay your retirement after your FRA, your monthly benefit will increase by 0.66.
Estrategia para cobrar más beneficios del Seguro Social
- Extend your working life: Working more than 35 years is essential to ensure a beneficial calculation of your SSI.
- Mantenga un salario alto: Asegúrese de que sus ingresos superen el tope salarial gravable durante la mayoría de su carrera.
- Retrase su jubilación: Trabaje hasta los 70 años para maximizar su beneficio mensual.
Final Considerations.
Planning ahead and making informed decisions about your career and retirement can make a big difference in your Social Security benefit. Be sure to follow these steps and monitor changes in regulations to ensure the maximum possible income in your retirement.