Here's Exactly What to Do to Boost Your Social Security $100 a Month
Social Security provides a vital financial resource in retirement. But for most retirees, it's not a big one. The average monthly Social Security payment to retired workers amounts to just $1,620. That's not enough for most people to live on.
However, there are several things you can do to increase your Social Security benefit, and they're not all as hard as you think. Below, we'll look at three different ideas you can use either alone or in tandem to help give you a bigger Social Security check each month.
The amount of your Social Security benefit 3depends on your primary insurance amount, which in turn is driven by your earnings history. Specifically, Social Security looks at the 35 years in which you earned the most on an inflation-adjusted basis, and it then takes your work history to determine your average indexed monthly earnings. A primary insurance amount of $1,620 corresponds to average monthly earnings of just over $3,200.
Source Fool.com
