Social Security Questions? Ask a Social Security Expert for Answers ASAP
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If you plan on taking social security at age 70,
that would be the best way to have the highest social security payment,
under the law social security uses the highest earning 35 years of work to determine your benefit amount,
and if a person delays social security every year after age 66,
they increase the benefit by 8% every year
if you retire at your full retirement age in 2013, your maximum benefit would be $2,533. But if you retire at age 62 in 2013, your maximum benefit would be $1,923. If you retire at age 70 in 2013, your maximum benefit would be $3,350.
If you have any further questions please do not hesitate to ask.
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