I heard about a Social Security bonus of $16728 and I'm wondering how I can get it. Is there a specific process or criteria I need to meet to qualify for this bonus?
5
answers
DaeguDivaDance
Fri Dec 06 2024
Are you aware of the notion of a $16,728 annual bonus from Social Security? This is a misconception that needs clarification.
GyeongjuGlorious
Fri Dec 06 2024
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CharmedClouds
Fri Dec 06 2024
In reality, there is no such thing as a "bonus" that retirees can receive from the Social Security system. The payments are calculated based on a formula that considers your lifetime earnings.
Raffaele
Fri Dec 06 2024
The Social Security Administration (SSA) is responsible for managing this program and ensuring that the benefits are distributed accurately.
Silvia
Fri Dec 06 2024
The formula used by the SSA takes into account various factors, including your earnings history and the number of years you have worked.