04.01.2025 17:00:00

If I Could Tell All Retirees 1 Thing About Social Security, I'd Say to Do This Before You Claim Benefits

For many older adults, Social Security can make or break retirement. According to a 2024 Gallup poll, a staggering 83% of workers expect to rely on their benefits to some degree in retirement, with more than one-third of that group saying Social Security will be a "major" source of income.It's wise, then, to make sure you're maximizing your monthly payments. While many factors will influence your benefit amount, there's one aspect of Social Security that the vast majority of older adults misunderstand: full retirement age.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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