Many seniors enter retirement without much in the way of personal savings. If you expect to land in a similar boat, you may end up relying heavily on Social Security to stay afloat once your career comes to a close. And that’s why it pays to get as much money from the program as possible.
But did you know that one simple move on your part could leave you with $4,440 more in benefits every year — for life? It’s a trick that’s perfectly legal — and extremely useful for anyone who’s entering retirement short on savings.
You’re entitled to your full monthly Social Security benefit, based on your earnings history, once you reach full retirement age, or FRA. FRA depends on your year of birth, and if you were born in 1960 or later, it’s 67.