3 Steps to Claiming the $4,194 Max Monthly Social Security Benefit

3 Steps to Claiming the $4,194 Max Monthly Social Security Benefit

Multiply that by 12, and you're looking at over $50,000 in annual Social Security income by snagging the maximum monthly benefit. The monthly benefit you're entitled to from Social Security is calculated based on your earnings during your 35 highest-paid years in the labor force. Higher earners often find that not all of their income counts toward calculating their Social Security benefits.