Skip to content

Avoid these three social security mistakes so you don’t miss out on cash and collect all the benefits you can

Many people rely heavily on social security as a main source of income. If that’s the case, it’s important to avoid any mistakes that could lower the amount you get in your checks every month.

In January, beneficiaries will see a 5.9% increase, or an average raise of $92.

Couples will see an average raise of $154.


Avoid these three mistakes so you get the highest amount of social security you can

Do not file for social security benefits too early. Retirement benefits are decided partially based on the age you are when you retire.

By filing early, you will receive less than you would if you waited.


A person can retire starting at age 62, but this will give the monthly amount a 30% decrease.

The highest amount of money can be collected when a person reaches age 70.

Don’t wait to file too late either.


Some people don’t want to wait longer to receive their benefits because they have poor health or do not expect to make it to 70.

If that’s the case it’s better to start collecting earlier.

If you start collecting your own social security, any young or disabled children may be able to qualify for family benefits.

Don’t forget to make the most out of survivor benefits.


Widowers can file for survivor benefits starting at age 60.

Social security will give a one time lump sum of $255 to the spouse if they were living with the deceased spouse.

If there is no spouse, the child eligible for benefits on the deceased’s record may collect it.

If you’re the widower of a person who worked long enough to receive full benefits, you can retire and get full benefits as early as 60.

Remarrying does not change eligibility for survivors benefits.

Related: How do you undo your social security claim if you made it too early?



Categories: News

Top