How Can I Boost My Social Security Benefits?
Millions of seniors collect Social Security in retirement, and if you expect those benefits to provide a large chunk of your future income, you'll want to do everything in your power to increase them. The later you file for Social Security, the higher your benefits stand to be, but there are other strategies you can employ to raise them as well. Here, we'll tell you everything you need to know about boosting your Social Security income.
Before we talk about boosting your benefits, let's review what goes into calculating them in the first place. Your benefits are determined by applying a specific formula to your average wages during your 35 highest years of earnings. However, you're only entitled to receive your full monthly benefits once you reach full retirement age, or FRA.
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