3 Ways to Score a Richer Monthly Social Security Payout

3 Ways to Score a Richer Monthly Social Security Payout
·4 min read

The Social Security formula for retirement benefits is a bit complex, but the basic idea isn't too difficult to understand. The basic idea is that the Social Security Administration (SSA) keeps track of how much you earn each year from employment. When you retire, each year's earnings, up to the annual Social Security taxable maximum, are indexed for inflation.