What is the maximum monthly social security benefit a person can receive if retiring exactly 1 year after full retirement age in 2022?

Group of answer choices

$3,613

$3,345

$3,500

$4,148

2022 max monthly SS benefit is $4,194 (Age 70) 2022 max monthly SS benefit is $3,345 (Full Retirement Age) 2022 max monthly SS benefit is $2,364 (Age 62) Benefits are increased annually to account for inflation

(Cost of Living Adjustments).

2011-2021 Average = 1.60%

2022 = 5.9%