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Social Security Strategies to Increase Your Monthly Checks
According to the Social Security Administration about 1 in 5 married couples and close to half of unmarried individuals rely on their monthly benefit checks for at least 90% of their income in retirement. With benefits only replacing 40% of pre-retirement income, it is essential to maximize the amount received, according to Katie Brockman. Three key points are most important: 1. Delay claiming benefits as long as possible, to age 70 if possible; 2. Work at least 35 years, as that is how benefits are calculated; 3. Take advantage of all the types of benefits to which you’re entitled. Read her 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.
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.