Social Security: 3 Often-Overlooked Factors That Could Affect Your Benefit Amount
When it comes to Social Security, every dollar counts. Nearly 90% of current retirees depend on their benefits to some extent, according to a 2023 poll from Gallup, so it's crucial to ensure you're maximizing your monthly checks.
A major part of making the most of your benefits involves understanding how your payments are calculated. While you don't need to know every last detail when it comes to the calculations, it's wise to at least know the factors influencing your benefit amount.
Some of these factors are fairly well known, such as your income and the age at which you begin claiming. But there are a few others that are often overlooked, and they could affect your benefits by hundreds of dollars per month.
Source Fool.com
