How to Maximize Your Social Security Benefits at Different Ages
Maximizing Social Security Benefits Overview
Waiting just a few years can make a huge difference when you're maxing out Social Security. If you can maximize your Social Security benefits, you're well on your way to a dream retirement. Nearly 6 in 10 retirees say Social Security is a major source of income in retirement, according to an annual Gallup poll.
Important Points:
- Age Milestones: 62, 67, and 70
- Strategic Benefit: 35 highest-earning years impact
- Retire at: Different ages for maximum benefits
Getting every penny possible out of the program requires a long career earning a well-above-average salary. The article dives into how to calculate your primary insurance amount (PIA) and why waiting can lead to a higher monthly benefit.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.