Why You Need 35 Years of Work to MAXIMIZE Social Security

Описание: Upcoming retirees routinely ask the question: how do I get the most from Social Security? This video discusses why you need 35 years of work history to maximize your Social Security benefits. I simplify (not so simple) Social Security math so that anyone can see the dramatic effect each year of work has on your social security payment, noting that the SSA caps your “contribution history” to your best 35 years.

The important thing to note is that you don't need to earn "top quartile" income during your working years to get a "top quartile" Social Security payment. This will rank (in my humble opinion) as one of the most important videos anyone can watch to get the most from Social Security.

FREE Retirement Ready Checklist:
https://HolySchmidt.com/Checklist/

Holy Schmidt Book Club:
https://holyschmidt.com/book-club/

Important Links:

Follow Me on Instagram:
  / the_schmidtlist  

Geoff's Facebook Page
  / geoffreymschmidt  

Federal Reserve Board Survey of Consumer Finances:
https://www.federalreserve.gov/econre...

Social Security Administration Application for Benefits
https://secure.ssa.gov/iClaim/rib

Current Social Security Cost of Living Adjustment
https://www.ssa.gov/cola/

Social Security Payment Estimator
https://www.ssa.gov/benefits/retireme...


THE CHANNEL’S MOST POPULAR VIDEOS

Should You Take Social Security at Age 62 and Invest it?
   • Should You Take Social Security at Age 62 ...  

7 GOOD REASONS to File for Social Security Benefits at Age 62
   • 7 GOOD REASONS to File for Social Security...  

Average Retirement Savings by Age 60. Are You Almost Ready to Retire?!?
   • Average Retirement Savings by Age 60. Are ...  

The BEST AGE to File for Social Security Retirement Benefits
   • The BEST AGE to File for Social Security R...  

3 Social Security "Little Known Facts" That Are REALLY Important
   • 3 Social Security "Little Known Facts" Tha...  

Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.