Want a Big Raise From Social Security? 4 Ways to Snag One
The Social Security benefit you start out collecting in retirement won't be the same monthly benefit you're stuck with for life. That's because each year, Social Security benefits are subject to cost-of-living adjustments, or COLAs, that are designed to help seniors retain their buying power in the face of inflation.
Unfortunately, Social Security COLAs have fallen short in recent years, and going into 2021, seniors are looking at just a 1.3% boost. Ouch. But while Social Security raises haven't been substantial in recent years, the good thing is that there are steps you can take before signing up to score yourself a higher benefit to begin with. Here are four important ones.
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Source Fool.com
