If I Could Tell All Retirees 1 Thing About Social Security in 2025, I'd Say to Do This Before You Claim Benefits

Applying for Social Security is an exciting milestone for many seniors. Yes, there's paperwork involved, but you're just one application away from regular monthly checks for the rest of your life. All told, you could wind up with a lifetime benefit worth hundreds of thousands of dollars. But the exact amount you receive depends on a few factors.Some of these, like the Social Security benefit formula itself, are out of your control. But you do have a say in other factors, like how many years you work before retiring. The most influential decision you'll make with your Social Security benefits, though, often happens a lot closer to your application date -- and it's something I strongly urge all retirees to think about before they sign up for checks.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool