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Making the Most of Your Benefits
There are many things you can do to stretch your Social Security income to its maximum that are fairly simple things to do. Most of it is just knowing that the option is available for you should you decide to do it. The main thing to know is your full retirement age, many people start collecting benefits earlier and in turn lose out on money that they could be collecting had they waited to apply. Another important thing to know is your budget in retirement, for most people their budget drops a bit when transitioning from working to retirement and it is important that you know what this new number is. For more information and tips for retirement and collecting Social Security visit this article by Stacy Canan and Hector Ortiz with Consumer Financial Protection Bureau.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.