no comments yet. Some people believe you have to start claiming Social Security benefits at age 62. * Waiting nets you a bonus in higher Social Security benefits. Log in or sign up to leave a comment log in sign up. Key takeaways. Lv 7. Knowing your Social Security Benefit Profile can substantially increase your annual benefits including increased annual income as well as medical benefits. Don't miss out on this Social Security benefit bonus. How would you like up to an additional $16,728 in retirement income every year? What is the 16000 social security bonus that people overlook? If you don't work for at least 35 years, zeros are factored into the calculation, which decreases your payout. Estimator runs entirely in your browser making the entire process secure and private. You’ve been contributing to the Social Security fund over a lifetime of work, so you might as well make the most of your benefits. 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If you retire and still have minor children (kids under age 18) at home they can collect social security benefits that are equal to half of your full retirement age benefits. View entire discussion ( 0 comments) Sort by. 751 Social Security and Medicare Withholding Rates,” Aug. 23, 2019.. 2 Social Security Administration, “Fact Sheet: Social Security,” 2017. Offer from the Motley Fool: The $16,728 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. The $16,728 Social Security bonus most retirees completely overlook. Offer from the Motley Fool: The $16,728 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. If you're like most Americans, you're a few years (or more) behind on your retirement savings. 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By Steve Vernon April 15, 2016 / 5:30 AM / MoneyWatch GM's big seat-belt recall, and other MoneyWat ... 01:04. 3 Society for Human Resources Management, “2019 Payroll Taxes Will Hit Higher Incomes,” Oct. 12, 2018. 4 Social Security Administration, “Contribution and Benefit Base,” 2019. 1 Social Security Administration, “Topic No. A social security calculator that makes understanding social security benefits simple. 1. 3 Reasons It's Smart to Take Social Security Benefits at 62 Depending how long you live, you may not break even if you wait to claim benefits. 0 0 How Social Security generally works. Here are nine ways you may be able to boost your entitlement. 63 and 63. 100% Upvoted. I work for a school district that is - Answered by a verified Social Security Expert. The $16,728 Social Security Bonus You Can’t Afford to Miss . 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