This Simple Trick Can Squeeze an Extra $600 Out of Social Security

·4 min read
This Simple Trick Can Squeeze an Extra $600 Out of Social Security

It's possible you could get even more if you delay Social Security for longer or qualify for a larger benefit. Delaying Social Security benefits makes sense if you don't need your benefits to cover your living expenses and you believe you will live long enough to make it worthwhile. For example, if you qualify for the average $1,551 Social Security benefit at your FRA of 67, you'd have to live to at least 78 to start outearning someone who qualified for the same benefit but signed up at 62.