Social Security can have an enormous impact on your retirement. As of 2023, around 37% of men and 42% of women depend on their benefits for at least half of their retirement income, according to the Social Security Administration. If you're expecting your benefits to make up a substantial portion of income in your senior years, it's wise to ensure you're maximizing your monthly payments.

There's not necessarily a right or wrong strategy when it comes to Social Security. But there is one move you can make that can increase your annual income by tens of thousands of dollars -- and it requires less effort than you might think.

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Source Fool.com