For most retired Americans, their Social Security benefit represents an indispensable source of income. Over 20 years of annual surveys from national pollster Gallup have consistently shown that between 80% and 90% of then-current retirees lean on their monthly payout in some capacity to cover their expenses.

Considering how vital Social Security is to the financial well-being of our nation's aging workforce, it's ideal to get as much out of America's top retirement program as possible. This is especially true for baby boomers, who, based on their birth year (Americans born between 1946 and 1964), are being confronted with one of the biggest decisions of their life: When to claim their retired-worker benefit.

As we prepare to lift the curtain on a new year, there are three particularly smart options select baby boomers have available to increase their Social Security benefits in 2024.

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Source Fool.com