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.
How much are Social Security benefits worth over a lifetime and what can you count on? A baby boomer retiring with an average benefit of $1,100 in 2011 can expect to receive $170,225 over ten years, and $513,641 if he or she lives twenty-five years, due to the compounding effect of the cost-of-living adjustments.