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.
For high earners who enrolled in the program at full retirement age, the maximum benefit will increase by 3.7 percent, from $2,687 a month, or $32,244 a year, to $2,788 a month, or $33,456 a year. But only a handful of people are eligible for the maximum payout: The average Social Security benefit in 2018 will be $16,848 for the year.