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Want $54,660 in Social Security Income in 2023? Here's What You'd Need to Do to Get It

TheMotleyFool

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Want $54,660 in Social Security Income in 2023? Here's What You'd Need to Do to Get It: https://g.foolcdn.com/editorial/images/713486/working-and-typing.jpg

In 2023, the maximum monthly Social Security benefit will be $4,555 per month. This is an increase from the maximum $4,194 monthly benefit in 2022 and it's the highest amount of retirement benefits any senior can get.

A monthly Social Security check of $4,555 would provide $54,660 in annual retirement income. That would be a pretty generous sum of money to use to enjoy your later years.

You'd need to do a lot to get such a large Social Security benefit, though. Specifically, here are the steps you'd have to take in order to bring home this much in retirement benefits.

Source Fool.com

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