Collecting the maximum Social Security benefit does not require you to earn millions of dollars each year as there's an annual limit on the amount of individual wages the government taxes for the program. Any earnings above that amount won't incur Social Security taxes, but they also won't count toward your earnings history.

I turn 70 next year and plan to work until I hit 70 before claiming Social Security. I retired from the military about 26 years ago and draw a retirement sum from that. I also have a 401(k) that I have put money into for the last 26 years,

A good motto to follow heading into retirement is, "It's always better to be overprepared than underprepared." There are many other situations that this applies to, but it's especially important regarding retirement finances because chances to earn money generally lessen in those years.

The maximum Social Security check is $5,108 in 2025, up from $4,873 in 2024. Even if you don't qualify for the maximum monthly benefit, you can still increase your payments.

You can apply for Social Security between the age of 62 and 70. The longer you wait, the more you'll get in monthly benefits.

Passing the Social Security Fairness Act would increase benefits for over 2 million retired workers and more than 734,000 spouses. But that's going to cost money -- $196 billion to be exact -- and money is something the Social Security Administration doesn't have a lot of right now.

The Social Security Administration (SSA) supports over 70 million beneficiaries with retirement and pension benefits. While the program doesn't alter your base remuneration, there are strategies to boost your earnings from $1,