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This Simple Trick Can Squeeze an Extra $600 Out of Social Security


Social Security was originally designed to replace 40% of an average worker's pre-retirement income, but with an increasing number of beneficiaries and rapidly depleting trust funds, its buying power isn't what it used to be. That makes getting the most out of the program more important than ever, especially if you don't have a lot of personal retirement savings.

Delaying benefits for a few years is one of the best ways to do that if you believe you'll make it to your 80s or beyond. But if you can't afford that, that doesn't mean this advice is useless. Even delaying Social Security for one month can give your checks a permanent bump.

Image source: Getty Images.

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Source Fool.com


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