2 Ways to Increase Your Social Security Income by $814+ Monthly

Maximizing your Social Security benefit from the get-go is a smart move to protect the longevity of your savings. After all, the more you collect from the feds, the less you have to pull from your retirement portfolio. Plus, starting from a higher base makes those percentage-based cost-of-living adjustments worth more to you over time.

Here are two income-boosting strategies to consider. Either can raise the average worker's monthly benefit by more than $800.

The first thing to know is that you are eligible for your full Social Security benefit when you reach full retirement age (FRA), an age assigned to you based on your birth year. Filing for Social Security before FRA reduces your monthly benefit and filing later than FRA increases your monthly benefit.

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Source Fool.com