About Mabank. Mabank, Texas. (Mabank, Texas is located on U.S. Highway 175, near the intersection of Farm Road 90, FM 198, and U.S. Highway 175, sixteen miles southeast of Kaufman, Texas, far in the southeast corner of Kaufman County, Texas. The Mabank, Texas area was first settled by Lorenzo D. Stover in 1846.
A: Your Social Security payment is based on your best 35 years of work. And, whether we like it or not, if you donât have 35 years of work, the Social Security Administration (SSA) still uses 35 years and posts zeros for the missing years, says Andy Landis, author of Social Security: The Inside Story, 2016 Edition.
Depending on when you retire and how much you made while working, your benefits may be considerably less. The estimated average monthly benefit for all retired workers in 2016 is $1,341. Social Security benefits are calculated by combining your 35 highest-paid working years (if you worked for more than 35 years). First, all wages are indexed to account for inflation.