The $1200/mo is NOT the maximum — I don’t know what the max is, but you can get at least twice that.
But you are very much mistaken. There are a number of variables such as your income in your highest several years (can't remember the number), the age at which you begin withdrawing, etc.
Mine is over $1,700/month and I retired at age 62.
I couldn’t be mistaken but $1,200 a month from Soc.Sec. is pretty good. I think that’s the maximum.
$1,200 is not the max. If he was a corporate exec the last years of his working life, $1,200 is low and $600 is a low pension amount. I started drawing early at 62 years old and my SS is considerably more than his and I wasn’t a corporate executive. I just made a decent wage, not 6 figure.
No....my MIL got more than that and she was a “factory” worker. Never made more than $35 k a year. Good, honest work. But she was not a high wage earner...and she gets more than $1200.
No....if I had waited until 66, my SS would be $2400+. However, I took the early payment and get $1800+.... I paid in the maximum for about as long as I can remember...
I did this because it would have taken 12 years after I started drawing at 66 to make up the 4 years of payments I got from 62 to 66....and I don’t figure I’ll make it to age 78....