Get an increase of up to 24% in your Social Security benefits

An increase of up to 24% in your monthly Social Security check is possible if you know the keys to reach that figure

Learn how to avoid taxes in Social Security

Social Security

Workers in the United States know that in the future they will get their Social Security benefit. This type of financial benefit is available to all U.S. citizens, regardless of whether they work or not. But workers will get a much higher benefit. The conditions for a good benefit are to work for many years, but it is not strictly necessary. Social Security calculates the benefit with different factors.

If you want to receive an increase of up to 24% of your main income from Social Security, you must take all these factors into account. You cannot simply consider one and forget the others. Each of the elements are critical to not reducing your benefit to the minimum amount. To receive the maximum retirement benefit you cannot neglect any of these aspects.

Getting an increase in your Social Security benefit

The first thing you should keep in mind is that in order to increase your Social Security benefit by up to 24%, you must not yet be collecting it. All of this increase requires you to keep working. And that is the first key point. You must have a good job with a good salary. The higher your current salary, the higher your retirement benefit will be.

In addition to that, working for 35 years is really key. It is very important that you work for at least 35 years. It doesn’t matter if in those years of work you don’t have a very large salary, but you do have some kind of salary. Every year that you don’t work adds $0 to your average benefit. That is why it is so important that you work every year.

Wait for the FRA or beyond

The other key to getting as much as a 24% increase in retirement is to delay retirement as long as possible. Starting to collect the benefit at age 62 means a drop in the maximum benefit. If you wait until Full Retirement Age (FRA), you can get much higher benefits. On top of that, if you decide to continue working until age 70, benefits will increase much more. These are the limits on Social Security benefits based on retirement age:

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