What is the ABSOLUTE MAXIMUM POSSIBLE Social Security Payment?

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Title	:	What is the ABSOLUTE MAXIMUM POSSIBLE Social Security Payment?
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Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments
Comment from : Tahiri Said

My mother was receiving Social security but Wells Fargo close her account, the reason she is living with me in Tijuana and WF policy to have a USA address she has dementiaWhat to do ?
Comment from : The Palerider

Social Security? LOL Not counting on it The United States government is $32 Trillion in the red With a markedly declining workforce The party will be over shortly The powers that be tried to solve this problem with Covid And it did not exactly work We’ll see what they come up with next Or perhaps the Covid vaccine over time
Comment from : J-Bro

Spouse must qualify! Many ways Not to qualify
Comment from : svargamba

Why can’t my spouse get her individual benefit? If it’s more than the 32 of my SS benefit?
Comment from : Jose Gallegos

At 62 what’s the minimum I can get from SS ? Thanks , great info
Comment from : Fabian Curto

Seniors don't need a COLA This money should be used to support the great people of the Ukraine
Comment from : harold carson

Im looking for a list of the maximum payout on social security since 1970 my earnings list doesnt tell me exactly what I want to know
Comment from : 88888gerald

Very helpful! Thank you!
Comment from : Benjamin Dover

Is it mandatory for your spouse to take a spousal benefit?
Comment from : plhm33

You might have mentioned children They pay for them as well until they turn 19 or out of high school, whichever comes first It can be quite significant Granted, most people over 62 don't have children that young, but some do I know first hand
Comment from : Karl Gruner

Having SS income is good, but I have retirement money in a 401k, IRA, and Roth IRA Also what needs to be calculated at retirement is how much you can keep from the tax man My first 34K is of income (SS and retirement) is tax free As carry no CC, mortgage, loan debs 34K can go a long way If need to additional funds I can still remain tax free as I will withdraw from my Roth IRA as those funds are tax free
Comment from : covercalls88

I want a large check not a small check Most of us should wait until we are 70 Federal welfare is one nice thing about getting older
Comment from : Harold Carlson

SS works like all welfare programs Some citizens are taxed for the benefit of others In this case young people are taxed for the benefit of old people
Comment from : harold carson

Great channel! brIf I take my Social Security at 63, and my husband takes his later on when he turns 70, can I switch from my (smaller) Social Security amount to the spousal benefit (after he files), or am I locked into mine for good?
Comment from : Rebecca Woods

I'll be earn 400k a month by age 70
Comment from : Scrappy ChildHood

Wait until you are 70 to collect your Federal welfare check At 70 my SS benefit will only be $4,328 Who can live on that???
Comment from : Tom Blevins

How do the rules change if divorced (married over 10 years)? I am younger Will I get more if he waits until 70 or retires earlier (he probably made more since I took care of my aging parents the last 10 years)? How do I find out that information if we do not communicate & live out of state from one another? I do have his ss #
Comment from : Southern Lady

My last job ended July 2016 Do I need to let SOCIAL SECURITY OFFICE KNOW or is it on file ?
Comment from : Lorraine

All of my retirement ages are higher than in this video but a couple hundred dollars
Comment from : Kent Adams

My wife retired at age 62 on her SS contributions I retired at 66 on my SS contributions Did I do something wrong by not changing her to spousal benefit whwn I retired And can I correct it? Thanks
Comment from : billj918

Like the way you show two old white privileged people that have probably scamed their way up talk about how to screw over social security,
Comment from : Roel Lopez

What if you are SELF EMPLOYED and PAY BOTH SIDES?
Comment from : Gail Sustare

Get to the point, please
Comment from : robichard

Question, i cant find the answer anywhere so maybe you can help Are short term capital gains considered as income to increase social security? Example if someone makes $50k at a job annually and also makes $30k annually in short term calital gains, will social secuirty count it as you made 80k?
Comment from : x14inchdubsx

You have the best SS videos
Comment from : Centennial

does my wife have to work X years to get spousal benefit?
Comment from : ivan fletcher

We appreciate you!!!!!!! : >
Comment from : breezyvibe

This answered a lot of my questions about SS I’m feeling a bit better about retirement although I have time to retire
Comment from : Myxel Plix

I am 63 divorced after 20 years Do I have to wait for my ex to turn 62 too file for a percent of his SS
Comment from : Linda Jones

Fantastic content and information! Thank you!!!
Comment from : Bud Jenkins

Thank you Mr Schmidt, you have answered all the questions I have about SS as I am approaching retirement age I like the way you explain things, you are such a good teacher
Comment from : Franco Cardillo

So simply if you earned the max 142800 for 40 years at 67 years of age you receive 37356 or 26 of your last salary Holy Schmitt :( A real riches to rags story :(
Comment from : David McQuire

Wow, I retired at 62 and I'm not far off from my maximum On top of that my FERS annuity is more than my SS payment Not a bad deal
Comment from : JoJo White

I get about $41,000 in SS per year At a 4 withdrawal rate I would need about $1,025,000 in savings to fund that Yeah, one could have invested the SS contributions over the last decades, but I don’t fret about that
Comment from : Gaby Fields

So, if I file @ 67, having been my own contributor, I would get $3117brAnd my spouse filing @ 67, having been her own contributor, she would get what? $3117?brbrSo $6234/mo
Comment from : Dougale MacAlestyr

I am planning for retirement and have been watching Dave Ramsey, the Money Guys and any other videos with similar content for some time I must say that your videos are more informative, relevant and focused than any others (the other ones are fine for what they set out to do, but for me your content is the most clear-headed)
Comment from : S G

I'm waiting to file at age 70, so I'll receive a little more than $3600 per month The IRS has the formula on its website
Comment from : Mizzmolly

Sweet
Comment from : patrick mckeown

Seven years ago I retired from the railroad at age 60I worked 36 years and only one time made more than the maximum amountMy pension is $4,100 a month and if I was married her benefit would be 50 of thatSocial Security is a joke
Comment from : lizoid

if your a billionaire, you still get SS
Comment from : Mike M44

Thanks so much Tina
Comment from : Alan Birkner

My wife started collecting at 62 If I retire at 67 does she get 50 of my social security benefits?
Comment from : Scott Bieber

Who makes $140,000 a year ? If you make that much you don’t have to worry about what you get , your 401K has to be fat
Comment from : Vincent Grippi

Plus add about 21 per year for cost of living adjustments for each year you wait But that mostly gets eaten up by Medicare part B premium increases
Comment from : Robert D

Love your channel thanks for straight forward info
Comment from : Rockie mountin

Hmmmmm… I am not that far off from the max per my last statement That’s cool! Thanks
Comment from : On a Wing and a Hog

What about MINIMUM? Do you think $300 a month it's OK?
Comment from : Inna Portnoy

How exactly does social security work? Is there a big account somewhere where your SST are stored for use by you in the future? Or does it go into a big pot that everyone pulls from? And if so how do they keep it solvent?
Comment from : Tyler Estes

Glad you explained the reason your capped on benefits The system needs to be restructured It appreciated you get the word out to all Americans on the way social security works Many are not educated at all When they go for benefits it's a shock as to what has become of this program since it was imement You would of done better having invested in a Roth starting young in planing for your proposed retirement Many are devastated when they wake up and file for there benefits brbrKeep up the great work your doing in educating everyone on social securitybrbrJoel Curtis Alm
Comment from : Joel Alm

What if both spouses are also primary filers? Do both spouses get primary PLUS spousal benefits? Single filers are screwed; they're essentially subsidizing other filers' spouses
Comment from : sealand000

I started to draw from SS at 65 to pay for my medicare and at the time they gave me the 66 yr old amount I have continued to work full time throughout and because I have continued to pay into SS, somehow increasing the value of my benefit, out of nowhere they sent me a deposit of over $6K saying i was underpaid for the 3 yrs I was getting SS benefits I am now 67, still working full time so will my benefit continue to increase as long as I continue to work?
Comment from : phosgene11

WHAT ABOUT AN X WIFE CAN SHE COLLECT THE SAME AS A SPOUSE IF I BEGIN COLLECTING MAXIMUM AT AGE 70?
Comment from : William Fialkowski

Thanks for making these!!
Comment from : RALPH D57

I retired 3 years ago at 67, I'm only collecting $2800/mo Why?
Comment from : JoeM390

Extremely Confusing and SubjectivebrNeeds reformations
Comment from : Suzan McGaw

May I ask a question that was not addressed in this video? My husband is seven years older than me and will be 66 in August He plans on working full-time until he’s 70 as he loves his job At 62 should I apply for his spousal benefits? At what age do I switch over to my own benefits ? I am an independent business owner and have no intention of retiring until 70 or older Thank you for being such a wealth of knowledge and sharing it with us
Comment from : Bridget Brecheen

So it sounds like the plan is to screw the single person Not surprising at all
Comment from : CATownsend

If you can not make it off of social security Commit a federal crime3 hots and a cot
Comment from : Gerald

I started putting money into SS when I was 15 I retired 10 years ago at 62 The stock market has averaged a little over 10 return for the last 50 years Now take all of the money you put into SS and use the 10 number I would be a multi millionaire I wish I could have opted out of SS all those years
Comment from : Joe D

How does the spousal benefit work if the spouse also has 35 years of employment and both are the same age? Does the spouse still receive the spousal benefit along with their own benefit?
Comment from : Play Away

I was not aware that the government had increased the amount of income subject to Social Security I swear it stopped at $118,000 not that long ago Now it is $143,000 and climbing
Comment from : Outside View

socialist security has always been a scam to keep most people in poverty in their final years
Comment from : nonrepublicrat

Bill Schmidt hêre approves
Comment from : Bill Schmidt

Social Security is the one tax in which you pay taxes on the taxes you paid It's one of the biggest rip-off legal Ponzi schemes in the World
Comment from : James Feldman

I'll be at FRA in a couple of months and just filed for SS benefits I ran the numbers Based on what SS tells me, the break-even point for waiting until I'm 70 vs applying now, would be when I'm 83 years old But when I took into account the time value of money, the break-even point would be at age 91 That's why I applied now
Comment from : adcarswell

How would it be if I got a divorce and we collected separately?
Comment from : American Constellation

What if on SS disability ?
Comment from : Mike stuhr

Is "Spousal Benefit" different than "Spousal Death Benefit?"
Comment from : Wildflower wind

SS is probably the biggest scam in the world aside from the federal reserve fractional banking system brthe average life span of the average american is 72 years bryou must work 35 years to reach a max benefit bryou had 13 of your money taken away and paid into SS brafter age 70 - you can possibly get $3900 per month with a life expectancy of 24 months
Comment from : mixter7x7

First off, thank you Quick questionlet's say my spouse is 5 years older than me I take SS at 62 Would my spouse get the amount at the 67 year mark, or would my spouse be held back to the 62 year amount because I'm 5 years older than her?
Comment from : Michael Ross

oh man the booger on his nose couldn't focus
Comment from : Doctor K Beauty

Don’t know anyone getting 3000 a month social security I’m a senior and I know lots of seniors that’s bull
Comment from : Russella Mcdowell

Please do this for divorced spouses
Comment from : vcarrano

Ok good to know👍😎
Comment from : Jersey Style

Glad I'm Gen X Probably the last group of retirees to recieve SS I'm going to milk the F out of the stupid Millennials that voted in socialism!
Comment from : Your Google Meister

You're the man! No one does or communicates it better than you
Comment from : john k

Good golly, get to the point
Comment from : Jeff Smith

Thanks for the research and breaking down the information brScenario: Wife already drawing Social Security at Full retirement age Hubby has option to draw on spousal SS benefits when he turns 62 and will be receiving 32 of wife's benefits When hubby reaches FRA at 67, can he get HIS Own FULL benefit?
Comment from : chubby Chic

I AM TAKING 2600 PER MONTH, I HAVE 3 MINOR CHILDREN, THEY ARE DRAWING 1300 PER MONTH FROM MY RECORD MY WIFE JUST TURNED 62, WHAT PERCENT OF MY BENEFIT CAN SHE DRAW?
Comment from : terry davis

I worked 31 years so no max for me I was going to wait until FRA but decided to take it at 63 It probably makes sense to delay as the difference for waiting is basically like buying a cheap cola annuity But most men in my family lived pretty much to the average lifespan of males so I decided to go ahead and take it I hope I'm regretting my when I'm in my 90's ;)
Comment from : Marty W

Thanks
Comment from : Timmy Jones

Great information keeping everyone informed on making the best choices on when you decide for yourself when you can collect your benefits and your safe to put you social security to work in your chosen time to retire outbrbrThis podcast is at the time about a month ago In choosing to put in for my benefits 50 years of working was enough for me at age 63 brbrI've treated my benefits as investment capital Since the social security treats this program as taxable income I took some time out stopped working now decided to add to my retirement war chest by picking and choosing who I will work forbrbrIts nice to come back work the way I want to not to have to be strapped to a job the way it was before In working 50 years using my social security payments now allows me make more money not having to live on these paymentsbrbrKeep up your work helping others by informing others on social security changes and how it works Knowledge is power Again great job brbrJoel Curtis Alm
Comment from : Joel Alm

Why are people waiting years to collect 10 more when you can have more fun with $ at 55 or 62 ? There is a reason you get more $ waiting You die a lot sooner I would rather be able to buy a $50,000 car verse $50,000 wheelchair because I can't drive
Comment from : Michael D

I am confused so we need at least 40 credit points and 35 years or either or? brbrAre the numbers you listed based on 35 years or 40 points or both?brThank you so much 💓
Comment from : Eve

If your income starts to diminish as you near retirement, doesn't this mean your SS benefits also diminish being as they are being averaged?
Comment from : Javier Castro

How is this different from the figures provided at the Social Security website when you set up an account Once you set up an account, they provide your complete Social Security income history, SS taxes paid, etc
Comment from : Victor Magdangal

Why don't you just give us the formula that social security uses to calculate your monthly payments? Just replace the variables with actual numbers and "voila", you have the amount
Comment from : douglas cain

What about single people?! I feel completely ignored Why?
Comment from : Virginia Moss

Is the amount that Social Security states each year on how much you would expect at full retirement accurate? My statement said about $1700 and I've never earned more than $30,000 at the max
Comment from : C 2004

The benefit is so relatively small after the second bend point ($6,002 in 2021) that it doesn’t seem worth the extra work If you have the money saved early retirement makes sense to me
Comment from : jim jensen