5 Steps to Maximize Your Social Security Benefit

As a source of guaranteed income, Social Security is a vital part of a retirement plan. However, far too many people give scant thought to their options when claiming benefits. Instead, they opt to claim at one of three distinct periods: at the earliest possible opportunity, at full retirement age or at the latest possible opportunity. By failing to examine all your options, you could be leaving money on the table.

More than half of Americans cite Social Security as the income as they approach the end of their careers. Fortunately, if you follow a few specific steps, you can ensure that you have the best possible information available about the pros and cons of claiming at different ages. By arming yourself with information, you can position yourself to maximize your monthly Social Security benefit, creating a more comfortable