Maximum Social Security benefit hits $4,194 as exact payment dates revealed

SOCIAL Security recipients could receive up to $4,194 due to the 2022 COLA increase. February’s first batch of SSI checks is on the way to help recipients out with increased funds. The maximum benefit for someone who retired at age 70 in 2021 was $3,895, but if you retire at age 70 in 2022, your maximum benefit could be $4,194. The cost-of-living adjustment (COLA) climbed to 5.9 percent beginning this year, impacting 64million claimants. The checks being issued this month are being sent out by the SSA in three waves according to the recipient’s birth date, on February 9, 16,… Read Full Article