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    3 Ways to Maximize Your Social Security Benefits

    By Kenton Koszdin on August 19, 2020 | In Blogs

    3 Ways to Maximize Your Social Security Benefits

    1. Stay at work for at least 35+ years:

    Depending on who you ask, you may hear several different answers to the question of how long you should work before requesting access to your Social Security benefits. While the absolute minimum amount of time needed on the workforce before claiming benefits is 10 years, it’s strongly recommended to opt for working 35 years or more. Claiming your benefits sooner can lead to a reduction in your benefits due to the years with zero-income factored into the Social Security Administration’s (SSA) benefits calculations.

    2. Take advantage of income boosts now:

    While you can, it’s a smart idea to take on “side hustles” for additional sources of income besides your main job. Not only can these help you add to your monthly income to make today’s expenses a little easier to handle, but they can also be your saving grace if or when you’re laid off or furloughed from your primary occupation. Additionally, side jobs can involve learning new skills and information that could benefit your career in the long run!

    3. Choose your age to start benefits wisely:

    Depending on the year you were born, your Full Retirement Age (FRA) may vary between 66 and 67 years of age. While this is the average age for folks to claim their social security benefits, you can still claim them before or after this age. However, this can change how your benefits are calculated and have a positive or negative impact on the monthly amount of your benefits. Whether you choose to claim your benefits before, around, or after your FRA, it’s important to figure out what works best for your individual circumstances.

    Every situation is different and there is no one-size-fits-all path for everyone when it comes to Social Security benefits. In the event you need to file for Social Security Disability and you’re unsure how to navigate the process or how it may impact your plans for Social Security benefits, you need an experienced attorney. Contact our team at the Kenton Koszdin Law Office, Social Security Attorney in Van Nuys to schedule your free initial consultation today: 800.438.7734.

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