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9 ways to ‘life hack’ your way to larger Social Security benefits
Robert Powell writing in USA Today writes about how to optimize Social Security monthly benefits. While not rocket science, Americans pay too little attention to such an important issue or worse, make devastating mistakes when signing up. The 9 “life hacks” (or pieces of advice) are these: 1. Earn income for 35 years; 2. Delay benefits as long as possible to age 70; 3. Use an online calculator; 4. Determine your life expectancy; 5. Undo Social Security benefits if need be (12 months to do so); 6. Suspend payments; 7. Restrict your Social Security application; 8. Coordinate your benefits with a spouse; 9. Learn how Social Security works. Full piece here.
To the last point, The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.