Can You Help Me To Understand Why I Didn't Receive The Maximum Benefit?
I recently applied to start receiving my social security retirement benefits at age 70. Per My Social Secrity Account maintained by SSA, I earned the social security maximum taxable income in 40 of the years I worked (and paid the maximum SS taxes) yet the notice of award I received from SSA states my monthly benefit before Medicare premium deductions will be $3,798.50, not the maximum $3,895 I assumed I was qualified to receive. Can you help me understand why I did not receive the maximum benfit?
Thanks much for your help!