Boost Your Social Security Benefits with These 3 Key Strategies
Boost Your Wages
Increasing your income now can lead to a higher Social Security benefit in the future. Climbing the career ladder, developing skills, and taking up freelance work all contribute to a larger wage base for better benefits.
Work for at Least 35 Years
Having a 35-year work history is essential for maximizing your Social Security benefits. Aim to replace $0 years with part-time work if necessary to ensure a strong benefits calculation.
Avoid Early Benefit Filing
Delaying your Social Security benefits filing can result in an 8% boost in monthly benefits for each year past full retirement age, providing a significant increase in your retirement income stream.
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.