Can you get a higher Social Security payment?

Many people aren’t aware of the opportunity to increase their Social Security payments in retirement. By delaying benefits past full retirement age, you could increase your monthly benefit by 8% per year, up to a total of 32% over the course of a few years.

But like most things, the devil is in the details. Is waiting until later to claim your Social Security benefits the right financial move for you? And what are some strategies you can implement now to ensure you’re maximizing your Social Security payout when you reach retirement?

In today’s episode, Tom and John talk about the specifics of Social Security, explain how delaying your benefits can benefit you, and offer tips on how to prepare now to ensure you’re making the most of your Social Security benefits in the future.

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