I am waiting until I am 70, in 2 years, to claim my Social Security benefit to maximized it. My SSA statement says that my benefit at 70 would be $4025. I read that the maximum benefit for 2022 is $3895. Assuming that my projected benefit at 70 exceeds that maximum Social Security benefit, should I take my benefit before 70, (at around the point where I figure my benefit would equal the maximum amount)? It seems like waiting beyond that would not result in a higher payout.

Good afternoon,
I am a teacher for Miami-Dade County Public schools. I am in a pension program where I contribute 3% and my county employer contributes 3%. I was inquiring about my future Social Security retirement amount. I was reading about the Windfall Elimination Provision and wondered how that will impact my retirement. According to the school district's website, 6.2% of my salary is taxed for Social Security. So when calculating my retirement, what happens? On MySSA, it says that I will receive approximately $2,805. I appreciate your help!

I am 70 and have applied for my social security benefits which was approved but withheld because I am not legally present in the US. I entered US with a J1 visa in 2005, obtained a SSN, worked for one year, following year obtained a waiver of Section 212(e). The rest is history, and I am still working.
Am I NOT entitled to my benefits according to the provisions of the Social Security Act of 2004 (P.L. 108-203)?

The Social Security "Apply for Retirement Benefits" page says if you turn (birth date of age you wish to start retirement benefits) if any day after the 2nd day of the month you are not that age for the entire month. You can start your benefits as of the following month. Your answer to a previous question says you can start your benefits in the month you turn the age you wish to initiate retirement benefits. Which is correct?

Hello Larry,

Hey Larry I applied for social security in August, 2021 I will be 62 in November i am aware that Iwill not be getting my full benefit but I plan to still work and draw my ss.I was told that I could receive my benefits in December 2021 aand someone else told me that it would be Jan 2022 Can u tell me which is correst? Thank you

Hello Mr. Kotlikoff,

Is there a maximum social security benefit amount an individual can receive? I thought I read that in 2020, the maximum social security was $3,145. Is that correct? I was concerned if that is the case because will be collecting my DCR in October 2022, and was given my estimated at $2,882 per month, that didn't include my 2021 earnings and Cola.

Born in 1948. Took my benefit at age 70 after having more than 35 years at maximum social security wages. I receive MORE than the published max of $3895. per month for 2021 and have each year since I began my benefit. WHY ???

Hi, Larry
I turned 66 on August 18, 2020 but elected to wait to start collecting my Social Security benefits so the monthly payments will be higher.( I'm still working) I have a statement from May 10 of this year that says at age 66, I will receive about $2571 per month. I turned 67 yesterday and checked my statement. It now says at age 67, I will receive the same amount. It was my understanding that the longer one waits until age 70, the monthly payout gets higher. Any thoughts on that? - thanks
Charles