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3 Ways Your Social Security Benefits Could Increase in 2021


Social Security benefits are only designed to replace around 40% of your pre-retirement income, but millions of retirees depend on their monthly checks just to pay the bills. In fact, around 64% of current retirees say Social Security is a major source of income, according to a report from the Society of Actuaries.

Whether or not you expect your benefits to be your primary source of income, it never hurts to maximize your monthly payments. And there are a few ways you may see a boost in benefits in 2021.

Image source: Getty Images.

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Source Fool.com


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