Is there an upper limit on the dollar amount of a SS check?

Q

QuickSilver

SF VIP
Location
Midwest
Does anyone know if there is an upper limit on the dollar amount of a SS check? For example, If someone has made six figures their entire working career, is there a point where the formula for figuring SS benefit amounts ends and they are getting the max? It seems to me that it would only be fair, because there is a cap on the income that is taxed with FICA.. A person making over $115,000 is only paying FICA on the first $115,000.. not on his/her entire income.. I wouldn't seem fair that his/her entire income be in the formula, but I cannot find any info on that.
 

Yes,there is a max. I really blew it by not taking our accountant`s advice years ago, but didn`t really foresee a time that I would ever be old enough to collect SS (what a dummy). He told me,since we were both employees of our corporation,that I should switch our salaries around and pay hubby my salary and pay myself his salary,because he had already reached the maximum amount he would be able to collect. Had I done that,I would now be collecting about 900.00 a month more than I am. Grrr.....
 

Sorry, I know this is an old thread...but wth?
Going to the link I found for 2019:
Maximum Monthly Social Security Benefit for Workers Retiring at Full Retirement Age (dollars)2,861
Click to expand...
So, if that is the max, why does my SS for age 70 (if I waited that long) show a higher amount ($3600+)...is this another
government scam?...'Sure, wait until you are 70 and you'll get ...$2861 according to the Max SS benefit.!?!?!
 
Oldguy said:
Sorry, I know this is an old thread...but wth?
Going to the link I found for 2019:

So, if that is the max, why does my SS for age 70 (if I waited that long) show a higher amount ($3600+)...is this another
government scam?...'Sure, wait until you are 70 and you'll get ...$2861 according to the Max SS benefit.!?!?!
Click to expand...

The key phrase is full retirement age which is 66, not age 70. I think you draw about 8% more per year after your full retirement age.
 
I get a little over 800 a month in social security. When I got a little raise, the Medicare cost also went up. Lol. Living the dream folks, living the dream.
 
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