Boosting Your Social Security: 2 Often-Overlooked Rules That Increase Benefits Over 70%
It's almost impossible for most Americans to properly plan for retirement without considering Social Security. It's a social program that has been around for decades and has kept millions of Americans financially afloat during their retirement years.Considering that Social Security plays such a significant role in many Americans' retirement finances, it's not surprising that people would aim to receive as much as possible. For the most part, the amount you receive in Social Security depends heavily on your career earnings. The more you earn, the more you pay in Social Security payroll taxes, and the higher your monthly benefit in retirement.Although increasing your earnings is the clearest-cut way to increase your monthly benefit, two overlooked things can be done that can also boost your benefit amount. Let's take a look at them.Continue reading
It's almost impossible for most Americans to properly plan for retirement without considering Social Security. It's a social program that has been around for decades and has kept millions of Americans financially afloat during their retirement years.
Considering that Social Security plays such a significant role in many Americans' retirement finances, it's not surprising that people would aim to receive as much as possible. For the most part, the amount you receive in Social Security depends heavily on your career earnings. The more you earn, the more you pay in Social Security payroll taxes, and the higher your monthly benefit in retirement.
Although increasing your earnings is the clearest-cut way to increase your monthly benefit, two overlooked things can be done that can also boost your benefit amount. Let's take a look at them.
