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How Can I Get More Money From Social Security?


Chances are, Social Security will play an important role in your retirement finances. As such, you probably want to get as much money out of it as possible. Here are a few ways to raise your benefits and set yourself up for a more financially secure future.

Your Social Security benefits are calculated by averaging your wages during your 35 highest-paid years on the job, adjusting them for inflation, and applying a special formula to that number. But if you don't have a full 35 years of work under your belt, you'll have a $0 factored in for each year without an income. Rather than let that happen, extend your career to clock in a full 35 years of wages. This will be an especially beneficial move if you wind up earning a lot more later in life than you did earlier on.

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Source Fool.com


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