$618 – Social Security, SSDI & SSI – Higher Monthly Benefits

If you’re receiving Social Security, Supplemental Security Income (SSI), or Social Security Disability Insurance (SSDI), you may be wondering if there’s a way to increase your monthly benefits. While the amount you receive is based on a number of factors, including your work history and earnings, there are a few things you can do to potentially increase the amount you receive each month.

One option is to delay starting your benefits. While you can start receiving Social Security as early as age 62, the amount you receive will be lower than if you wait until your full retirement age (FRA). Your FRA is based on your year of birth, and for those born in 1960 or later, it’s age 67. If you can wait until age 70 to start receiving benefits, you’ll receive the highest possible amount.

Another option is to work longer and earn more. The Social Security Administration (SSA) uses your highest 35 years of earnings to calculate your benefit amount, so if you’re able to work longer and increase your earnings, you may be able to boost your monthly payment.

If you’re receiving SSI or SSDI, you may be able to increase your benefits by returning to work or increasing your income through other means. It’s a good idea to speak with the SSA or a financial professional to understand the specific requirements and options available to you.

While it may not be possible for everyone, there are steps you can take to potentially increase your monthly Social Security, SSI, or SSDI benefits. It’s worth exploring your options to see if you can boost your income and improve your financial situation.