If the individual has worked beyond 35 years prior to their retirement, only the highest-earning years will be considered in the calculation.
For individuals who have worked fewer than 35 years, their benefit amount may be reduced as a result of zero-earnings years factored into their overall earnings average.
This can prevent them from reaching the maximum Social Security payment of $4,555.
$4555
Advantage of Retiring at age 70
70 YEARS
Social Security Administration (SSA) allows individuals to delay their benefits until this age, potentially leading to a higher benefit rate.
Audible - Just $5.95 per month for the first 4 months