5 of the Best Ways to Boost Social Security Benefits

The chances are good that, when you retire, you're going to be reliant on Social Security income to make ends meet. Data from the Social Security Administration finds that 62% of current retired workers generate at least half of their income from the program. Meanwhile, national pollster Gallup surveyed nonretirees earlier this year and found that a record 88% expect Social Security to be a major or minor source of income during retirement. 

This growing reliance on Social Security demonstrates how important it is for future generations of retired workers to maximize what they'll receive from the program. While some benefit-boosting catalysts, such as the annual cost-of-living adjustment (COLA) or congressional action, are beyond our control, there are five smart and effective ways workers can increase their Social Security benefits.

Image source: Getty Images.

Continue reading

Source Fool.com