Obtaining the largest Social Security check is one of the primary goals of US citizens. After all, that is the budget we will have as retirees, so we will have to live our golden years on that level of monthly income.
So, while it is not advisable to rely solely on government benefits, there are times when Americans have no other option. As a result, having everything designed to maximize our Social Security benefits is the best idea we can come up with.
And Former Social Security Manager Ed Weir helps us achieve a higher monthly Social Security payment in retirement thanks to some different and unique ways to increase the retirement check. If you follow this advice, you could have a better retirement check in the future.
Increasing the monthly Social Security check
There are several factors that influence Social Security payments. The three major factors are retirement age, number of years worked, and salary earned during those years. Combining all of these factors can help us increase our paycheck.
According to Ed Weir, the retirement age is also determined by our physical health. According to the former Social Security Manager, “If you are healthy and your genes and your family are good, it might be a good idea to live till 70 years old to max it out and get as much money as you possibly can”.
In this regard, one of the excellent tips that Ed Weir promises will result in a larger check is to wait until the age of 70 to apply for retirement. On the other hand, in the same order of things, he assures us that the taxes we will pay for working that long may be very high, but that it will all depend on our salary.
In addition, he points out that one of the most common tips for increasing Social Security payments is for the worker to earn more money, which is usually impossible. “I’ll go to my boss and say Hey, I want $100,000,” Weir says, is not the best strategy for getting a bigger paycheck in the future.
Another excellent tip concerns military service. The video quotes Ed Weir as saying: “If you served in the military, the Social Security Administration gives you a little bit of extra earnings for those particular years you were in the military so all you have to do when you file for you application make sure you tell them you served in the military” .
In short, we can see that the retirement age is an important factor in receiving a good Social Security check, and that if you have served in the military, you may be eligible for an increased monthly payment.
