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max ss benefits

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AnilD703022
Contributor
โ€Ž08-25-2022 03:06 PM

max ss benefits

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

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GailL1
Honored Social Butterfly
โ€Ž08-25-2022 07:48 PM

@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.

 

 

 

It's Always Something . . . . Roseanna Roseannadanna

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GailL1
Honored Social Butterfly
โ€Ž08-25-2022 07:48 PM

@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.

 

 

 

It's Always Something . . . . Roseanna Roseannadanna
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