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Key Moves To Make While Working for Higher Social Security Benefits
Who doesn’t want a higher Social Security monthly benefit? But waiting until you collect benefits leaves almost no room to gain a higher payment. Maurie Backman explains there are steps one can take while still working, however. Because your highest 35 years of earnings are used to calculate benefits, it is important that people fight for raises, as these will lead to permanently higher benefits later in life. Extending your career helps too, as anything less than 35 years means a “zero” in each year of the calculation. Backman also suggests reviewing your annual statement of benefits for accuracy. Full article here.
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