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What's the Maximum I Can Get in Social Security in 2018?


What's the Maximum I Can Get in Social Security in 2018?

After reviewing inflation data this year, the Social Security Administration has decided on a cost-of-living adjustment (COLA) of 2% for 2018. The increase means that the maximum amount of money that a retired worker can collect in monthly Social Security benefits is heading higher next year, but qualifying for that maximum Social Security benefit won't be easy.

Most Americans qualify for Social Security after about 10 years of working. Once you qualify, the amount of money you receive in Social Security benefits depends on a complex formula that converts your historical wages into current dollars and then adjusts that number lower at specific income levels, or "bend points."

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Source: Fool.com


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