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max ss benefits

does the maximum monthly payable ss benefit ( $4194 in 2022) increase with COLA?

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@AnilD703022 wrote:
does the maximum monthly payable ss benefit ( $4194 in 2022) increase with COLA?

I assume you know how the MAX amount comes into play -

But YES, those that get the MAX amount by earnings, contributions, and delaying retirement til 70 get whatever COLA is calculated for the next year.

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1,055 Views

@AnilD703022 wrote:
does the maximum monthly payable ss benefit ( $4194 in 2022) increase with COLA?

I assume you know how the MAX amount comes into play -

But YES, those that get the MAX amount by earnings, contributions, and delaying retirement til 70 get whatever COLA is calculated for the next year.

1,056 Views

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