Want a bigger Social Security check? Here’s how to get it
Social Security is a highly complex topic, but when it comes down to the basics there are only a few things you can do to make your benefit checks bigger. Two things in particular – work at least 35 years to make sure the benefit formula doesn’t include any years of zero earnings, and second, delay claiming your benefits for as long as possible. Social Security’s formula bases your benefit on the highest earning 35 years of your working career, and the age at which you claim can either reduce, or increase you benefit amount. In this Motley Fool article by Maurie Backman, the author explores four ways to increase your Social Security benefit, including the two cited above. Click here to read more.
Also, if you’re unsure about your individual situation under Social Security or have questions about your personal benefit entitlements, note that the AMAC Foundation provides an independent free-to-the-public Social Security Advisory service to help Americans navigate the complexities of this program. Learn more about it here…