No matter what state in the United States we live in, maximizing our Social Security check to collect more cash during retirement should be a priority. This will make for a better life and greater stability during our retirement years.
While it is true that being able to get this maximum cheque requires planning well in advance, it doesn’t always have to be this way. We can increase cheque as much as possible without the need to reach the maximum in 2023 of $4,558 per month. This figure is unattainable for the vast majority of pensioners.
Still, the priority of increasing the cheque should be in our retirement plan. For that reason, it is important to know the ins and outs and tricks to help us increase monthly dollars. With three simple tips we can make our check reach a much larger cash amount. By maximizing these three factors we will also maximize the money we will receive every month.
3 rules to increase the cash in your Social Security retirement check
These three rules serve to increase cheque as well as maximize it. These are two different concepts. To enjoy retirement, it is not mandatory to maximize your check, but it is advisable to increase it as much as possible. Pay attention to these three rules if you are looking to increase your Social Security check:
- Plan your retirement age. Within your means, figure out your best age to apply for Social Security. At 62 is Early Retirement Age, which means we will lose part of our check, about 30%. If we wait until age 67 we will have a Full Retirement Age and we will be able to get 100% of the cheque we have contributed.
- Work for many years. Before applying for retirement we must work for at least 35 years to get a good retirement cash check. Every year not worked under 35 years is a big loss in our contribution.
- Get a better salary. Regardless of the type of job you have, try to get a better salary. Ask for a raise whenever you can, or change jobs if your industry doesn’t offer enough money each month. Your Social Security check will depend directly on the taxes you have paid on your wages as a worker.
We must not forget that these three rules influence each other. We cannot devote ourselves to maximizing only one of the rules while forgetting the other. So try to keep all three elements in mind before you apply for a Social Security retirement cash check.