How to Increase Your Social Security Benefits -- After You Start Getting Them
Once you claim your Social Security benefits, your options for increasing said benefits are somewhat limited. However, there are a few tricks you can use to bump up your Social Security benefits even at that point. Here are three.
Under certain conditions, Social Security will allow you to "take back" your claim. If you wait a few years after doing so before reclaiming your benefits, you could end up with a much bigger check.
Claiming your Social Security benefits before you reach full retirement age results in a penalty that permanently decreases the amount of your benefits. On the other hand, waiting until after full retirement age grants you delayed retirement credits that will permanently increase your benefits. These delayed retirement credits max out at age 70, so it doesn't make sense to wait longer than that.
Source: Fool.com
