3 Ways to Boost Your Social Security Benefits if You're Single

3 Ways to Boost Your Social Security Benefits if You're Single

Though single folks get the benefit of calling the shots and getting to live life on their own terms, they are at a key disadvantage when it comes to Social Security. That's because singles only get one source of Social Security income to rely on in retirement, whereas married couples get to collect either two separate payments based on individual earnings records, or one earnings-based payment and one spousal benefits payment.

Single earners might also have a harder time saving during their working years, and as such, they often retire with less in savings than married folks. In fact, 43% of singles aged 65 and over depend on Social Security to provide 90% or more of their income.

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Source: Fool.com