Social Security retirement benefits can help you cover the bills after you stop getting paychecks. You'll be guaranteed this income for life. And with cost-of-living adjustments built into the Social Security benefits system, you can count on your benefits to retain most of their buying power throughout your lifetime.

Since these benefits are important, it's worth trying to maximize the income you receive from them. The good news is there's a move you can make in retirement that will enable you to significantly increase the monthly payment you get. In fact, depending on your situation, you could increase your payment by as much as $1,983. Here's how.

Image source: Getty Images.

Continue reading

Source Fool.com