It’s making made me wish I’d put more thought into the idea earlier.
For more, don’t miss theSocial Security payment scheduleandhow to apply to SSDI.
“It’s a lot harder to correct yearly earnings later down the line.”
Your benefit amount is calculated using your 35 highest earnings years, no matter how long you’ve worked.
For 2025, the maximum taxable earnings is $176,100.
Just see that difference in the section above it’s substantial.
At the age of 70 is when you will receive the maximum benefit payment.
This also means that any benefit payments made to you will have to be repaid in full.
you could only withdraw from benefits once.
If you’re at full retirement age, you might choose tosuspend your benefits.
Once you turn 70, the suspension will be automatically lifted.
The Social Security Administration will withhold $1 for every $2 earned above the annual limit.
2025’s limit is $23,400.
For more, here’show to apply for Supplemental Security Incomeand theSocial Security and SSDI cheat sheet.
