Married or Divorced? You Could Collect $891 per Month From Social Security.
Social Security benefits can go a long way in retirement, especially if your savings are falling short. The median retirement account balance among U.S. adults is only around $27,000, according to Vanguard's "How America Saves 2023" report. Without a robust nest egg, many retirees will find themselves relying heavily on their benefits just to make ends meet.
It's critical, then, to ensure you're squeezing every penny out of Social Security. While there are various strategies for increasing your benefits, there's a simple one that could boost your payments by nearly $900 per month: taking advantage of spousal or divorce benefits.
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Source Fool.com
