Social Security is a critical retirement income source, yet many fail to optimize it. Here’s how to get the most out of it:
- Know Your Full Retirement Age (FRA):
Born 1960+? FRA = 67. Claiming before reduces benefits; delaying increases them (up to 8% per year till age 70).
- Work at Least 35 Years:
Benefits are calculated using your top 35 earning years. Fewer years = lower payouts.
- Spousal & Survivor Benefits:
Spouses can claim up to 50% of the higher earner’s benefit.
Widows/widowers receive 100% if claimed at FRA.
Pro Tip: Use the SSA.gov calculator to estimate your benefits.
