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Turning 62 in 2021? This Social Security Move Could Boost Your Benefits by $841 per Month


If you're expecting to rely on Social Security benefits for a good chunk of your retirement income, you're not alone. For nearly half of unmarried beneficiaries and close to one-quarter of married couples, Social Security makes up more than 90% of income in retirement.

The problem with that scenario is that the average retiree receives just over $18,000 per year in benefits -- which is hardly enough for many older Americans to survive, let alone live comfortably. The good news is that if you're turning 62 in 2021, this Social Security move could boost your benefits by more than $800 per month.

Image source: Getty Images.

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Source Fool.com


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