Social Security Birthday Trap
from The Daily News Now! Business
Thinking you’re eligible for Social Security at 62? Think again—there’s a hidden rule that could delay your first check. If you turn 62 on the 3rd or later in the month, your benefits don’t kick in until the next month. So an August 22nd birthday? Your first payment arrives in October. And since benefits are paid the month after they’re due, you’ll need cash on hand to cover that gap. But wait—delaying just a bit can boost your monthly payout by about 0.42%, adding up over time. It’s a small tweak with big implications for your retirement income. Dig into the details—there are smart strategies to maximize what you get from Social Security. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/28d70390a451a82a
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