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Beefing Up Your Social Security Monthly Benefit Payment - The Motley Fool
Many folks are aware that Social Security is part of one’s overall retirement financial planning, accounting for about 40% of one’s pre-retirement income. Given its place in overall retirement finances, some steps can be taken to ensure that Social Security is maximized. That’s the subject of an article by The Motley Fool staff appearing on the theglobeandmail.com website, and it begins with a simple message: earn more! The article also stresses the importance of regularly ensuring your earnings data is correctly transmitted to Social Security, since mistakes happen. It concludes with the well-known advice to delay claiming benefits beyond full retirement age (but only up to age 70) to increase the monthly benefit amount.
The article is timely, since we’re early in the year. Check it out here…
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