Here's How to Squeeze an Extra 24% Out of Social Security
People are often advised not to rely too heavily on Social Security during retirement, and to save independently for that milestone instead. But let's be real. Saving for retirement isn't easy. It often means having to cut back on other expenses, and for lower earners, it can be an especially difficult task.
Furthermore, while some savers get access to free money in their retirement plans thanks to 401(k) matches, not everyone has a 401(k) to contribute to. And if you're limited to an IRA you have to fund yourself, you might struggle to build a lot of savings.
As such, you might end up quite dependent on Social Security, even if that's not your intent. And if that's the case, it's important to snag as high a monthly benefit as possible.
Source Fool.com
