Be sure to work long enough to earn benefits
The amount of your monthly Social Security retirement benefit depends on how much Social Security tax you pay. The tax rate is 6.2 percent on earnings up to the applicable taxable maximum amount for both you and your employer. The maximum taxable earnings increased in 2018 from $127,200 to $128,400.
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2 thoughts on “10 Social Security Tips Every Baby Boomer Should Know”
I have attempted to call Social Security as I would like an updated statement on what I can estimate to retire with. The last update I received was in 2009.
Thanks.
How do I go about getting help with Social Security/Medicare from a specialist?