Grow Those Social Security Benefits
There isn’t much you can do once you start monthly Social Security benefits to increase what you receive, other than a cost of living adjustment each successive January 1st. But you can boost your check with a second job, as you pay taxes and earn future benefits on wages up to $147,000. One’s highest 35 years factor in the calculation. Maurie Backman also advises checking your annual statement for errors. And of course, delaying benefits until age 70 yields the highest possible monthly benefit. Full piece here.
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.