It doesn’t matter if your idea is to live in the United States or anywhere else in the world when you start collecting Social Security. The important thing is that you can enjoy your retirement in the best possible way. In this sense, anything that helps us to have a better pension in the future is a sign of celebration. If you want to have a good benefit you have to have a good approach. Without a good plan of action, having a large subsidy is impossible. You must be very clear about all this before you apply for retirement.
Therefore, you have to pay close attention to all the details before applying for Social Security retirement. In addition to this, you also have to keep in mind that relying on just the SSA retirement check is a bad idea. This is because salaries as workers are higher than retirement checks. So as soon as a senior retires they may notice a big drop in income.
So it is a good idea to maximize the benefit to avoid this big drop. In addition to this, it’s a very good idea to have another source of income, whether it’s a 401(k), IRA or any other pension plan. If we have some other investment, so much the better, as it will be able to supplement our Social Security benefit to have the best life possible.
Three Steps to a Huge Social Security Check
These three steps should be prepared well in advance. Starting retirement planning a year before applying for retirement is impossible. We must think very carefully about when we want to retire. But we should do this when we start working. Or almost. Since it is necessary to work a long time to maximize Social Security. These are the three steps to follow.
- Work 35 years. As we have said before, working 35 years is critical. Every year worked below that number subtracts a lot of money from our final paycheck.
- Get a good salary. The Social Security benefit is measured through the 35 years with the highest salary. Get a big salary as a worker and you will get a good retirement check.
- Don’t apply for early retirement. Applying for early retirement at age 62 will not let you collect the maximum benefit. If you want a monthly check of $4,194, you will need to wait until age 70 to file for Social Security.
Beyond that, any other income should be welcome. You can combine Social Security with other sources of income to have the best retirement possible.