Here's the Maximum Possible Social Security Benefit at 62, 67, and 70
The difference in claiming early versus waiting is magnified when you qualify for the maximum possible benefit.
Working a long and highly compensated career is a prerequisite for receiving the maximum possible Social Security benefit in retirement. But even those who qualify for a big monthly check can still see a massive difference in the size of that check depending on when they decide to start Social Security.
In fact, the differences between claiming early and claiming late are amplified when you look at the maximum possible Social Security benefits at ages 62, 67, and 70. Those represent the earliest age you can claim benefits, the full retirement age for anyone born in 1960 or later, and the age at which your benefits max out, respectively. They are three of the most common ages to claim benefits, but one stands out as an excellent choice, especially for high earners.
The maximum possible Social Security benefits at 62, 67, and 70 show how much difference a few years of waiting can make.
