According to a survey, 76% of US Adults want to know about how to optimize their benefits

optimize benefits

Yes, it is possible by taking one simple step

Possible?

Yes, it is possible by taking one simple step which could boost benefits by more than $10,000 per Year

$10000 / YR

The age at which you file for social security benefits is the most critical factor in your benefit amount.

your age

62 is the earliest age you can start claiming your benefit amount.

62

If You were born in 1960 or later your Full Retirement Age is 67 Years

FRA

You can delay beyond the full retirement age and can file at the age of 70 to get maximum benefit

DElay

According to SSA, current average benefit amount is $1673 per Month for FRA

$1673

claiming at FRA

monthly benefit

$1673

$20,076

annual benefit

claiming at 62

monthly benefit

$1171

$14,052

annual benefit

claiming at 70

monthly benefit

$2075

$25900

annual benefit

So starting to claim your benefits at the age of 70 instead of 62 can give you an additional $10,000 annually.

CONCLUSION

The Decision to claim social security benefits completely depends on your situation

decision

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