10 Strategies to Maximize Your Social Security Earnings

Last Updated on January 5, 2024 by Rachel

Receiving monthly social security payments and benefiting from social security services are very important for low and moderate-income senior residents. The concerning part is that the amount and the length of your payment may differ based on your work, health conditions, economic status, and the state you live in. Here are ten methods that can help you to increase your social security payments.


  • Earn as much as you can!

It is important for you to gain as much money as you can because the amount of money that you will be receiving is evaluated by your earning history and age. Before getting 65 years of age or older, work as long as possible so that you can have more money during your golden years.

  • It is best to work at least 35 years

The cash assistance that the social security office provides is determined by the 35 years in which you gain the most. If you have not worked for at least 35 years, this factor can decrease your payment.


  • Continue to work until you retire!

If you are not suffering from a disease that will force you to leave your job or a disability that will prevent you from work life, it is better to work until your retirement age. It is 66 or 67 years of age in most cases recently to receive your full payments. This is significant because people who register for social security payments before they complete their full retirement age get less money from other beneficiaries.

  • Avoid to receive your payments until the age of 70

The issue is that if you receive your payments before 70 years of age, you will be receiving less money. Your monthly payments will be increasing by approximately eight percent each year if you wait until 70. Once you become 70, the monthly payments cannot go higher. Hence, it is the best option for anyone who wants to increase their social security payments.

  • Your family members matter!

Grandmothers and grandfathers who are taking care of their grandchildren can apply for more social security services on behalf of their grandchildren. If you are looking after a child who is under 19 years of age, you can apply for more financial assistance to cover children’s expenses. If you are looking after more than one child, you are able to receive financial help for each of them.

  • 10 years of marriage

Marriage indeed pays off. Even if you are separated from your spouse or you lost your spouse but you stayed married at least for ten years, you are able to receive more monetary aid. Once you apply, the officials will be determining the amount of money based on your ex-spouse’s work record.

  • Enjoy your retirement and avoid earning too much

Your golden years may be a chance for you to do something that you have always dreamed of. However, this is the perfect time for you to relax and enjoy your leisure time. You need to stay away from trouble and stress to protect your health and well-being. Besides, once you start to earn more money, your monthly payments can be decreased by the authorities. It is better to be careful and check out the number on a regular basis if you are running a business.

  • Reduce your social security taxes

Once your adjusted gross income, half of your social security earnings, and nontaxable interest are beyond $25,000 for persons and $32,000 for couples, half of your social security benefits will be taxable which is not a desirable case. You should watch out for your annual income and get the records straight to avoid paying more taxes.

  • Be sure your work record is evaluated right

Sometimes your work may slightly go unrecognized and it might cause you to receive fewer social security payments. It is good to be careful on this issue to make sure your work counts. You should check your records on a regular basis by using the website of the Social Security Administration.

  • Increase your survivor benefits

Death is really hard to handle but if you lost your spouse, you can increase your social security benefit. The Social Security Administration inherits your deceased spouse’s monthly payments to your account. All you need to do is to let the authorities know and apply for it. The monthly payments may differ depending on your spouse’s work history. However, it provides extra payments in any case.

Older people who are worried about their monthly payment from the Social Security Administration are encouraged to follow these leads to maximize their earnings. Receiving sufficient cash support is vital to maintain your health conditions and independence. Particularly older adults who do not know what to do or where to look at can follow these ten ways to boost their earnings. Moreover, it is important to stay tuned about the developments and new policies with regard to social security benefits.