5 Strategies to Boost Your Social Security Checks at Any Age
There's a common misconception that Social Security benefits are set in stone, but they're not. Whether you're too young to claim, of claiming age but not signed up, or already receiving benefits, there's probably something you can do to increase your checks for the future. Below, we'll look at a few strategies you can use to get the most out of the program.
Your Social Security benefits are based on your average monthly income during your 35 highest-earning years. That means anything you do to increase your income today will also increase your Social Security benefits later. The exception to this is if you earn over $142,800 in 2021. You don't pay Social Security taxes on anything over this amount, so it won't boost your benefits any further.
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Source Fool.com