Getting the biggest Social Security check is one of the main objectives of United States citizens. After all, that is the budget we will have as retirees, so we will have to live our golden years with that amount of monthly money.
So, it is true that it is not good to depend on benefits as the only source of income, but there are times when Americans have no other possible solution at hand. Therefore, having everything designed to be able to get the highest possible Social Security check is the best idea we can come up with.
And Former Social Security Manager Ed Weir helps us achieve a higher monthly Social Security payment in retirement thanks to some different and unique ways to increase the retirement check. If you follow this advice, you could have a better retirement check in the future.
Increasing the monthly Social Security check
Social Security payments depend on several factors. The three main factors are reaching retirement age, the number of years worked and the salary earned during those years. Combining all these factors can help us to increase our check. Ed Weir tells us that the retirement age also depends on our state of health. The former Social Security Manager says that “If you are healthy and your genes and your family are good, it might be a good idea to live till 70 years old to max it out and get as much money as you possibly can”.
In this sense, one of the great tips that Ed Weir assures us will make us have a bigger check is to wait until the age of 70 to apply for retirement. On the other hand, in this same order of things he also assures us that the taxes we will pay working that long can be very high, but that it will all depend on our salary.
In addition to that, he also points out that one of the usual tips for increasing Social Security payments is that the worker has to earn more money, but that is usually not possible. “I’ll go to my boss and say Hey I want $100,000,” Weir says, is not the most appropriate strategy for achieving a bigger check in the future.
Another of the great tips is about military service. Ed Weir says in the video that “If you served in the military, the Social Security Administration gives you a little bit of extra earnings for those particular years you were in the military so all you have to do when you file for you application make sure you tell them you served in the military”.
So, in short, we can see that the retirement age is a key element in getting a good Social Security check, and that if you have served in the military you also have the possibility of increasing your monthly payment.
