Reported 11 months ago
Despite Warren Buffett's net worth of $138 billion, his Social Security retirement benefits are not determined by his wealth but by his earnings. The Social Security Administration calculates retirement benefits based on a person's 35 highest-paid years of earnings, with adjustments made for changes in wage levels. Buffett's estimated monthly Social Security check could range from $3,822 to $4,873, depending on when he chooses to claim benefits. The article also discusses how individuals can maximize their Social Security benefits by working for at least 35 years and earning the maximum taxable amount each year, similar to Buffett's approach to potentially receiving significant benefits.
Source: YAHOO