Social Security can be a lifeline for millions of older adults, with around 60% of current retirees saying their monthly checks are a major source of income, according to a 2023 Gallup poll.

Considering that the average retiree only receives around $1,900 per month in benefits, as of February 2024, it may be tough for most people to retire on Social Security alone or as a primary income source.

However, it's possible to earn far more than the average amount. In 2024, the maximum benefit is a whopping $4,873 per month, which can go a long way in retirement. If you're not yet retired, there are a few steps you can take to get as close as possible to the max payment.

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Source Fool.com