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How to Maximize Your Social Security Benefit

It’s a fact that most American seniors will rely on Social Security as a major part of their retirement income. Social Security’s benefit formula is intentionally designed to pay a monthly payment equal to about 40% of each person’s preretirement income, but that falls far short of the 80% mark most financial advisors suggest you should have in retirement. Thus, it makes a lot of sense to look at getting the most possible from Social Security to make your golden years as financially comfortable as possible. This Motley Fool article by Maurie Backman explains how to “squeeze an extra 24% out out Social Security” and maximize your Social Security benefit. Click here to read more.

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