Fixed Income

What to Do Before You Claim Social Security

Get the most out of your Social Security benefits by understanding when to claim, how work affects payouts, and what taxes you may owe.
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What to Do Before You Claim Social Security
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Javier Simon
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More than 55 million Americans collect Social Security benefits, according to data from the PEW Research Center. And nearly every working American pays Social Security taxes. This government benefit is a crucial source of income for retirees. And for some, it’s their only source.
But before you start claiming Social Security benefits, it’s important to know a few points in order to make the most out of it. So let’s take a closer look.

Create a My Social Security Account

By creating a My Social Security account, you can complete plenty of important tasks right from your computer or mobile device.
Javier Simon
Javier Simon
Author
Javier Simon is a freelance personal finance writer for The Epoch Times. He specializes in retirement planning, investing, taxes, fintech, financial products and more. His work has been featured by major publications including Fox Business, The Motley Fool, NerdWallet, and Money Magazine.