Did you know that you could increase your Social Security benefits? This approach is becoming more and more popular, as those checks will come in handy as soon as you retire. The bad thing is that many people don’t get how Social Security works. This is why today, we would like to come up with a few suggestions on how to boost your social security benefits.


  • Work longer


Basically, your Social Security is determined by a worker’s 35 highest-earning years. If you do work longer, though, you might be able to maximize your benefit. This would mean replacing lower-paid years with higher-paid years. In addition to that, note that if you do begin Social Security early, this might diminish your benefit by $1 for every $2 earned over a specific limit.

Normally, though, this earning test will no longer apply when you reach your full retirement age. This is why you should wait until then to file your application.


  • Sign up for spousal benefits


Granted that you are married, you might take advantage of your spouse’s benefits. For the most part, the spousal benefit might account for up to 50 percent of the partner’s benefit. But this will also depend on the timing of retirement. You might be surprised to learn that divorcees also have this possibility. One exception will be if you have remarried.


  • Include your minor child 


Let’s say that you are entitled to get Social Security retirement benefits or disability benefits. In this scenario, your child might have the right to get a check as well. There are some conditions one has to meet. For one thing, the child should be minor and unmarried, and he/she can get up to 50 percent of the main worker’s retirement or disability benefit. You can always consult with a Social Security disability lawyer.


  • Earn more


This is another way in which you could maximize your Social Security benefits. If you do manage to max out in a total of 35 highest-earning years, this means that you’ll qualify to get the maximum Social Security benefit when you reach your full retirement age. If you’re self-employed, you might have tried to reduce the amount of income subject to taxes, but this will be at your disadvantage when you apply for Social Security.


  • Keep track of your earnings


If you decide to keep on working after you begin receiving Social Security payments, you should monitor your earnings. You should do this to ensure that your earnings won’t be higher than the allowed limit.


  • Apply for survivor benefits


In the case in which your deceased spouse was entitled to get a higher Social Security payment than you, this would make you eligible to get a survivor benefit.

These tips should come in handy if you’re looking for ways in which you can boost your Social Security benefits. It’s always best to have a plan when it comes to retirement so that you won’t have any unpleasant surprises.

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