There are important things you can do to raise your Social Security payment when you retire, even if you never make a lot of money. For instance, you can keep working for at least 35 years.
If you can’t work for 35 years, your Social Security retirement payments will be lowered. If you’ve worked less than 35 years, you won’t make any money that year.
Steps to get $4,873 from Social Security in 2024
As you can see, you have to work for 35 years in order to get the biggest retirement income. Besides that, you need to:
- File at the age of 70
- Have jobs which pay payroll taxes to SSA (some jobs are not covered by the Administration)
- Earn the taxable maximum for a minimum of 35 years
- Do not break any SSA rules
You could get $4,873 from Social Security in 2024 if you reach all of these goals. Still, if you apply for retirement benefits before you turn 70, the amount you get will be less.
Other Social Security payments, $2,710 & $3,822
At Full Retirement Age (FRA), you could get all of your benefits if you don’t want to work until you’re 70 years old. But someone who makes a lot of money might only be able to get up to $3,822 at FRA.
Getting your taxes done early is a great way to get more free time. You can file at age 62, but that means you will only get up to $2,710. Of course, you have to meet all of those conditions in order to get such a big Social Security check.
As for when you might get paid, your big checks could come on September 18 or 25. This payment is for people whose birthday is between January 1st and October 10th or between November 11th and December 20th. If you need a bigger Social Security payment, try to follow these tips.
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