Social Security's Max $5,108 Benefit Is Hard to Get. Here's What to Do Instead of Chasing It
A lot of people who attempt to retire on Social Security alone end up having to cut corners. But for those who are eligible for the program's maximum monthly benefit, retiring on just Social Security doesn't paint such a bleak picture.In 2025, the maximum monthly benefit Social Security will pay is $5,108. To be clear, though, that's higher than the program's maximum benefit at full retirement age this year. Those looking at $5,108 a month in Social Security need to delay their claims until the age of 70 to lock in payments that high.Image source: Getty Images.Continue reading
A lot of people who attempt to retire on Social Security alone end up having to cut corners. But for those who are eligible for the program's maximum monthly benefit, retiring on just Social Security doesn't paint such a bleak picture.
In 2025, the maximum monthly benefit Social Security will pay is $5,108. To be clear, though, that's higher than the program's maximum benefit at full retirement age this year. Those looking at $5,108 a month in Social Security need to delay their claims until the age of 70 to lock in payments that high.
Image source: Getty Images.
