Can You Get the Max Social Security Benefit When Claiming Early at 62?
The maximum Social Security benefit in 2022 is $4,194 per month -- over $50,000 per year. But very few will ever see checks of this size. You'd need a pretty high income to pull this off, and that's not the only requirement. You also have to claim at a specific time. Here's a closer look at what you need to do in order to claim the biggest checks the Social Security Administration offers.
The first step in calculating your Social Security benefit is figuring out your average indexed monthly earnings (AIME). The government does this by totaling your earnings during your 35 highest-earning years, adjusted for inflation, and dividing it by 420 -- the number of months in 35 years. But there's a catch for high earners.
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Source Fool.com
