toedtoes wrote:
Maximum monthly benefit at age 70 is $3424.
But, there is no limit as to how many monthly payments you receive. There is nothing that says "once you have received $100,000, you are no longer eligible to receive benefits" or "once you have received 150 checks, you are no longer eligible to receive benefits" or "once you reach 95 years old, you are no longer eligible to receive benefits".
Folks were questioning the "max benefits" because they thought the poster was suggesting the latter not the former.
I was responding to the post immediately before mine in which the question is about maximum monthly benefits.
You may be right that the maximum monthly benefit at age 70 is $3424; however, I just checked
this Social Security webpage, which states:
Last Modified: 8/25/2014
What is the maximum Social Security retirement benefit payable?
The maximum benefit depends on the age you retire. For example, if you retire at full retirement age in 2014, your maximum benefit would be $2,642. However, if you retire at age 62 in 2014, your maximum benefit would be $1,992. If you retire at age 70 in 2014, your maximum benefit would be $3,425.
Tom
