3 Ways to Score a Richer Monthly Social Security Payout

3 Ways to Score a Richer Monthly Social Security Payout

Rather, it's based on your personal wage history. Each year, there's a wage cap put into place that determines how much earnings you pay Social Security taxes on and how much earnings count toward your future monthly benefits. You're entitled to your full monthly Social Security benefit based on your income history once full retirement age (FRA) arrives.