Take control over how much Social Security income you will receive - The Motley Fool
Did you know that you have some control on how much your Social Security benefit will be? How? Your benefit amount is calculated using the average of your 35 highest-earning years. If you work for fewer years, those zeros are averaged in. You can start receiving your Social Security retirement benefits as early as age 62. However, if you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase. Christy Bieber outlines three ways to consider if you want to increase your benefits and reduce your financial worries in your later years. Read Ms. Bieber’s article here…
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