Here's the Maximum Possible Social Security Benefit and How to Get It
The maximum amount of money Social Security will pay seniors on a monthly basis changes from year to year. This year, the maximum monthly benefit is $4,555. And that number is apt to rise in 2024 once a cost-of-living adjustment is applied to benefits.
Meanwhile, a monthly benefit of $4,555 equates to an annual income of $54,600. Seniors are often advised not to retire on Social Security alone, but if you're getting close to $55,000 a year from the program, you might do OK even if you don't have outside sources of income.
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Source Fool.com
