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.
In February, the Social Security Administration awarded benefits to more than 243,000 retired workers, and on average, those recipients got $1,425.63 per month. As of December, the average benefit that's being paid out to recipients who are age 62 is $1,077. Individuals who are age 66 and age 70 are receiving an average of $1,333 and $1,482, respectively. The following table shows the average amount that's being paid out to people between the ages of 62 and 70.