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What Is the Maximum Possible Social Security Benefit in 2023?

Social Security benefits have increased significantly -- here's how much high-earners can get.

By Matt Frankel, CFP – Jan 9, 2023 at 6:22AM EST

Social Security beneficiaries received the largest cost of living increase in decades in 2023, and the maximum possible benefit has increased sharply as well. In this video, Certified Financial Planner® Matt Frankel discusses how much high earners who wait as long as possible can get from Social Security now.

**Stock prices in this video as of Jan. 4, 2023. This video was published on Jan. 5, 2023.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
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The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

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