At 68 years old, you can begin receiving Social Security benefits, and the amount you receive depends on your earnings history and the age at which you choose to start taking benefits. If you delay benefits beyond your full retirement age, your monthly payment will increase due to delayed retirement credits. As of 2023, the maximum monthly benefit for someone who starts at age 70 is approximately $4,555, but the average monthly benefit is around $1,800. It's important to check your Social Security statement for your specific benefit amount based on your earnings history.
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