Saving money - Little-known Social Security program lets you increase monthly payments by 8%

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Little-known Social Security program lets you increase monthly payments by 8%

Tuesday, June 23, 2009
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By Daily Crux Editor Brandon Herrin:

If you're nearing "full retirement age" – around 66 years old – the government's "claim and suspend" program may be a big help to you.

In short, it allows retirees to increase their monthly Social Security benefits if they voluntarily suspend their benefits until 70 years of age.

There are plenty of moving parts to the program. This answers a lot of questions retirees have...

Read full article...

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Topics:		Saving money \| Cruxallaneous

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