Sentences with phrase «maximum social security payment»
The maximum Social Security payment for an individual who signs up at full retirement age will be $ 2,663 per month, an increase of $ 21 from 2014.
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During 2017, the maximum possible amount of money most people can receive in monthly Social Security payments is $ 2,687.
However, once you earn above the level of maximum taxable earnings, the Social Security portion of this payment — 6.2 percent of your earnings — vanishes.
Since the amount of income you pay Social Security tax on is limited (by the «maximum taxable earnings» level), the maximum amount you can earn in Social Security payments in retirement is also limited.