Josh Scandlen Podcast

In Part Two of our tutorial on how to maximize Social Security we discuss: When should you apply for benefits? Well, comes down to three things mainly: your health/life expectancy, your CURRENT income needs and your survivor needs. Delaying when you file not only increases your benefit when you ultimately do file, but you get increasingly more benefits each year due to Cost O Living Adjustments.  So, at 70 your benefit will be 1900 more, per month, than if you took an early benefit at 62.  At age 80 the spread will grow to $2500 a month.  At 90 the the difference has grow to $3000 a month! So, don't just get caught up in the differences of monthly benefits now, you need to look at how those differences change over time. And it's just remarkable.  How to increase my benefits? Number one thing you can do is to log into SSA.gov and verify your AIME is correct.  If there are missing data in there, you need to contact Social Security to get it changed.  Second thing is to impro