3 Social Security Tips for a Fatter Check
Selena Maranjian states the average Social Security retirement benefit is now $1,671 per month. That’s about $20,000 per year, and clearly not enough to provide a decent standard of living. Thus one must be cognizant of not just other savings but getting this check to be as high as possible. She states “earn more to collect more.” That means work at least 35 years to avoid a zero in the calculation. Wait until 70 if possible for the highest check, but at least until 67, which is the new full retirement age. Lastly, coordinate with your spouse. Full piece here.