Social Security is the key source of income for many retirees, and that will continue to be the case for a long time. The program’s benefits are an integral part of retirement income, and their importance only grows throughout retirement.
That’s why it’s important to optimize Social Security benefits. You can take actions that will affect the amount of your monthly benefits. Unfortunately, many people inadvertently take actions that reduce their benefits. Remember Social Security retirement benefits are guaranteed for life and increase with inflation. Over the course of retirement, many people could lose tens of thousands of dollars or more in lifetime benefits if they overlook some key actions.
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