5 Social Security Strategies To Secure Retirement
It’s a complicated program for sure, but Robin Hartill focuses here on five partiucular strategies that people need to know. Getting the maximum possible monthly Social Security benefit is what people should strive for. This means working 35 years or more, as that is the number of years used in the calculation. Any less means a zero in the computation. Second, boost that income as high as possible as taxes and future benefits are paid up to the wage cap (currently $160,200 a year). Three, delay benefits until full retirment age (now 67) or even up to 70 to get the maximum possible permanent benefit. Four, consider spousal and survivor benefits. Lastly, you get a opne time reprieve, or do-over, if you’ve already started benefits but wish you’d held out for more money. Full article here.