Joe Biden Missed Out on the Chance to Maximize His Social Security Benefits
Presidential candidate Joe Biden is, like most older Americans, a recipient of Social Security benefits. In 2019, the Bidens collectively received a total of $52,595 from Social Security. The reality, however, is that they could have received more. But also like most Americans, Joe Biden passed up the chance to maximize his monthly income from this important retirement program.
The former vice president has made past tax returns available for many years, so it's easy to determine when he claimed Social Security for the first time. While he had no Social Security income in 2007, he received a small amount in 2008, during the year he turned 66.
Mr. Biden was born in 1942, which means that his full retirement age (FRA) -- or the age at which he was eligible to receive his standard benefit -- was 65 and 10 months. That means Mr. Biden likely started his benefits just a short time after reaching his full retirement age.
Source Fool.com
