The average monthly Social Security retirement benefit will rise to $1,827 in January 2023, which isn’t going to buy you a luxurious retirement. But those monthly checks can certainly make your golden years more comfortable.
Deciding when to take Social Security is a complicated piece of retirement planning. Some people opt to start benefits sooner and take smaller checks, while others try to hold out for the biggest check. If you’re in the latter camp, we’ll discuss some strategies for how to maximize your Social Security benefits.
7 Ways to Maximize Your Social Security Benefits
We’re going to be
