Want the Max $4,555 Social Security Benefit? Here's the Salary You Need.
For millions of older adults, Social Security can make or break retirement. In fact, around one in four workers say their benefits will be their primary source of retirement income, according to a 2022 report from the Transamerica Center for Retirement Studies.
However, the average benefit amount among retirees is only around $1,800 per month, as of July 2023. As retirement costs continue to rise, it's becoming more and more difficult to rely on Social Security -- especially as a primary source of income.
There are steps you can take, though, to boost your monthly payments. In 2023, the maximum amount you can collect from Social Security is $4,555 per month. While this is a lofty goal and not easy to achieve, here's exactly what it takes to reach it.
Source Fool.com
