We hear it all the time in life — everything is about being “the most” at something.
The highest earner in the company, the heaviest lifter in the gym, the fastest mind in the meeting — there are many examples where we’re pushed to achieve at the absolute pinnacle throughout our lives.
Even once we lighten our routine and retire from working full-time, there still exists this notion that we have to be “more” in order to be sufficient.
While there’s no shame in wanting to improve, especially in an important matter like financial wellbeing, many seniors worry about not having the highest Social Security benefit.
The Highest Social Security Payment Isn’t All It’s Made Out to Be
Many seniors rely on expertly crafted budgets to master their money and enjoy their lives. But when it comes to the highest Social Security benefit in 2022, the number may not be as impressive as it looks at a glance.
A $4,194 Social Security benefit sounds amazing. But earners at this level will have had such a high and consistent salary, such a benefit may not be a ton to live on.
Earners with this benefit would still be able to enjoy a fine life at their current standards if they supplemented their Social Security benefit with savings and other sources of income.
What matters isn’t the dollar amount itself — it’s the ability of the number to support a senior’s choice of retirement living to a sizeable degree.
The Good News is You Can Raise Your Social Security Benefit
When most seniors chase a higher Social Security benefit, it comes from a good place.
Seniors want to be paid fairly for what they paid in and they want their benefits adjusted for inflation,
Through the pursuit of a fair yearly COLA, we can ensure every senior gets the highest Social Security benefit possible and the most value from their retirement. Follow us on Twitter and Facebook for more Social Security news.