One good reason to aim for as big a Social Security benefit as you can is this: inflation. Just about every year, the Social Security Administration (SSA) gives every beneficiary a cost-of-living adjustment, or "COLA." The bigger your benefit is, the bigger your bump will be -- each year. For example, a 5% increase on a $2,000 benefit will be $100, but a 5% increase on a $2,500 benefit will be $125.

How big can your benefit get? Well, the maximum monthly Social Security retirement benefit for those retiring in 2023 is $4,555 -- or about $54,660 on an annual basis. The average benefit, though, was recently only about $1,840 -- roughly $22,000 annually.

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Source Fool.com