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If I Could Tell All Retirees 1 Thing About Social Security, I'd Say to Do This Before You Claim Benefits
An estimated 69 million Americans will receive a monthly Social Security check in 2025. While the average adult age 65 and older relies on these benefits for close to one-third of their income, according to data from the Social Security Administration, many Americans depend on Social Security almost exclusively in retirement.Ideally, it's wise to have a plan in place before you file to help maximize your monthly income. Although there's no one-size-fits-all solution for increasing your payments, there is one thing I'd highly recommend every person do before claiming: Make sure you know all the types of benefits you might qualify for.Image source: Getty Images.Continue reading
An estimated 69 million Americans will receive a monthly Social Security check in 2025. While the average adult age 65 and older relies on these benefits for close to one-third of their income, according to data from the Social Security Administration, many Americans depend on Social Security almost exclusively in retirement.
Ideally, it's wise to have a plan in place before you file to help maximize your monthly income. Although there's no one-size-fits-all solution for increasing your payments, there is one thing I'd highly recommend every person do before claiming: Make sure you know all the types of benefits you might qualify for.
Image source: Getty Images.
