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This Social Security Strategy Could Net You an Extra $182,000 in Retirement

TheMotleyFool

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This Social Security Strategy Could Net You an Extra $182,000 in Retirement: https://g.foolcdn.com/editorial/images/767075/relaxed-person-with-book-on-lap-sitting-in-field.jpg

Maximizing your Social Security benefits can make your retirement a lot more comfortable, but you need the right approach to pull it off. Taking steps to boost your income during your working years is a smart move for everyone. But other decisions, like when to apply for benefits, depend on individual factors.

However, there is one claiming age that's generally more favorable than the others. In fact, it could increase your lifetime discretionary spending by $182,370, according to a recent study. Below we'll talk about what it is, and how to decide if it's the right choice for you.

Image source: Getty Images.

Source Fool.com

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