See resource box for form web address. Contact the Social Security office in your area to see if your state offers supplemental SSI benefits. Social Security pays benefits a month behind, so your payment for November will be due in December. “Social Security rewards higher lifetime average earnings,” says Andy Landis, author of "Social Security: The Inside Story." This calculator isn't free. Read Your Social Security Statements. With Social Security benefits being such a critical part of our retirees’ peace of mind in retirement we provide a Social Security glide path designed to maximize your benefits by answering the following: How to Maximize Your Social Security Benefit En español | You receive the highest benefit payable on your own record if you start collecting Social Security at age 70. Credits are earned … Increase your social security check up to $1,000 a month. (see resource box for the retire early link) Once you reach your full retirement age , or FRA, you can claim 100 percent of the benefit calculated from your … Best, Jerry Maximize My Social Security is a tool developed exclusively by Economic Security Planning, Inc. 5 Steps to Help You Maximize Your Social Security Benefits. How do I maximize my Social Security Benefits? But it has been steadily creeping up, thanks to the passage of the Social Security Amendments of 1983 (H.R. 1900, Public Law 98-21). I’ve heard Social Security is complicated, is it? Another step you can take to maximize your Social Security benefits is to work until your full retirement age (FRA). 5. Alternatively use this form to plan early retirement, invest and then recalculate your retirement. Maximize My Social Security also provides links to pertinent topics and news with a variety of publications. Using one simple form: SSS-521, and careful planning. Alternatively, visit your local Social Security office. The statement includes: Originally, this number was set at 65. Call the Social Security Administration at 800-722-1213 to apply for an increase over the phone if you're not already at the maximum. A withholding tax is the amount of money that an employer or agency, such as the Social Security Administration, deducts from your benefits check and forwards to the Internal Revenue Service (IRS). No Social Security benefits are paid if you don't have enough credits and additional credits do not increase your benefits. Every year, the Social Security Administration mails personalized Social Security statements to retirees and those approaching retirement age. In fact, the average Social Security retirement benefit in 2017 was only $1,369, less than half of the maximum benefit at full retirement age. Though it may be tempting to toss these papers out if retirement still feels far away, this information can help you plan for your future. 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