In any of the United States citizens can apply for an age-based retirement check after reaching minimum requirements. However, reaching the minimum age to get a Social Security retirement check does not ensure having a good budget during the golden years.
To have the best possible check, we must control for all the variables that shape Social Security retirement payments. And age is one of those variables, though admittedly possibly the most important. Still, all of these elements that can change retirement pay are key to being able to reach that $4,873 check.
Still, it is true that having such a check may be too difficult in some cases. But even without reaching $4,873, we can still get a good monthly check if we take into account everything related to our retirement payment.
Reaching Social Security Retirement of $4,873
In order to have this maximum check of $4,873 we are going to need to take into account three aspects. The first one is your salary as a worker. The higher the salary, the better the Social Security check in the future. The second element is the years worked. We must have 35 years worked in order to achieve a good retirement benefit figure.
Finally, the third element is age. And this element is so important that it can take up to 30% of our monthly check. If we retire at the minimum age of 62, we can obtain a benefit of a maximum of 70% of what we have contributed as a worker. To obtain 100% it is necessary to wait until the age of 67. Even so, this will not make us get the payment of 4,873 dollars, since for this we must wait until we are 70 years old before applying for Social Security.
In short, we must keep in mind that:
- We have to reach age 70 or be as close as possible.
- We must work for at least 35 years.
- We must have a good salary during those years worked.
Only by following these three tips we can get a check if not $4,873 per month as close as possible. So try to have similar characteristics in your retirement to enjoy the golden years to the fullest.
