Retirees with birthdays between the 11th and 20th of any month have a unique opportunity to receive their Social Security check in as little as one week. This is earlier than those with birthdays in other parts of the month, which can provide much-needed financial support for those who are struggling.
To maximize their Social Security benefits, retirees should consider checking their Social Security statement and ensuring that the information is correct. This includes verifying that the years worked and salary as a worker are accurately reflected. According to a report on the official website of the Social Security Administration, retirees should also consider delaying their Social Security benefits until age 70, as this can result in a higher monthly benefit. However, this may not be the best option for everyone, as it depends on individual circumstances.
In addition to maximizing Social Security benefits, retirees should also look for other sources of income. Based on a report by Tododisca on March 14, 2023, this can include investing in stocks, bonds, and mutual funds, as well as considering rental property or second jobs. It is important to take into account the risks associated with such investments before making any decisions.
Retirees should also be aware of potential Social Security scams and frauds. They should never give out personal information or send money to unsolicited callers or emailers. The Social Security Administration will never call or email and ask for personal information or money. It is important to take the necessary precautions to protect oneself from these scams and frauds.