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2 Passive Ways to Boost Your Social Security Benefits


Chances are, Social Security will be a substantial source of income for you once you retire, so the higher those benefits are, the less financial stress you'll grapple with. Now you'll often hear that you should make an effort to boost those benefits as much as possible. But actually, in some cases, you can raise those benefits by taking no action at all. Here are a couple of passive ways to get more money from Social Security during your golden years.

The Social Security Administration lets you start collecting benefits at age 62, but you won't get the full monthly benefit you're entitled to until you reach full retirement age, or FRA. Your FRA is determined based on your year of birth, as follows:

Year of Birth

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Source Fool.com


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