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Social Security: Here's how to boost your retirement benefit


2. Work and collect Social Security
If you’re working and collecting Social Security while younger than full retirement age you’ll face something called the earnings test, says Mike Piper, author of Social Security Made Simple.
“The earnings test results in your benefit being withheld and eventually recalculated – that is, adjusted upward - upon reaching full retirement age, says Piper.
So, for example, if a person files 40 months prior to full retirement age, and the earnings test results in their benefit being fully or partially withheld for 22 months, then once they reach full retirement age, their benefit would be adjusted to what it would be if they had only filed 18 months early, rather than 40, says Piper. ....

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Ways To Boost Retirement


12 Ways To Boost Your Social Security In 2020
The average Social Security check paid out in 2018 was for just $1,404, according to The Motley Fool.
That works out to just $16,848 per year. hardly enough to get by comfortably on these days.
And that’s before taxes!
It s no secret that retiring in today s economy is harder than ever for seniors. The costs of healthcare, housing, utilities and even food has all skyrocketed. And unfortunately the Cost Of Living Adjustment just isn t cutting it for some seniors.
That s why we ve compiled this extensive list of the top ways that seniors can potentially boost their Social Security benefits in 2020. Enjoy! ....

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