Hi Larry; I will turn 62 in February. On Friday I received an updated statement from social security with an increased benefit amount of 8.89% for ages 62-70, however my “Family Maximum” benefit was unchanged. I ran the calculations for AIME, PIA and the Family Maximum using the 2023 bend points which resulted in a significant increase in the Family Maximum. Is this expected? Or an error by social security? Thanks for your help.

Hi. If your primary insurance amount (PIA) increased, then your family maximum benefit (FMB) amount would also increase. You may want to strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully compare and analyze all of your options so that you can determine your best strategy for maximizing your benefits.

Best, Jerry