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Score a Bigger Social Security Check
Lots of people hawk articles or books for sale with tips to boost your Social Security checks. But the real secret sauce is just to wait. That’s right– wait. Each month you delay starting beyond age 62 means a higher benefit, and the monthly increase is quite significant between 67 and 70 (8% annually). The current maximum monthly Social Security check at 62 is $2,572, but the maximum monthly check at 70 is $4,555. Quick math shows a $1,983 difference between the two. Christy Bieber details how everyone can figure out what they stand to gain by waiting in the full article 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.