Exactly How to Optimize for the $4,194 Social Security Monthly Max
In theory, a person who starts claiming Social Security in 2022 could receive as much as $4,194 each month. That works out to a bit over $50,000 in annual benefits and would be enough on its own to keep a person or couple well above the poverty line even in a high cost of living state. That makes maxing out your Social Security benefit a tempting target to try to achieve.
With that target in mind, it's important to recognize that Social Security benefits are very individualized. Factors such as how much you earned over your lifetime, when you earned that money, and what age you are when you start collecting all play a role in how much your take-home benefit will be. If you want to make that goal a reality for yourself, here's exactly how to optimize to take home the $4,194 Social Security monthly maximum benefit.
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Source Fool.com
