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Set Up Your Account
The first thing you should do is set up a Social Security account.
Your 35 highest-earning years will determine your monthly payment.
The one thing you dont want to do is delay things until the last minute.
Calculate Your Expenses
One of his top recommendations is to calculate your anticipated retirement expenses.
This will help you determine the optimum time to file for Social Security and settle into retirement.
It will provide a complete look at your earnings record on file at the SSA.
The website will also provide your estimated monthly payment based on your earnings so far and theexpected claim date.
If something looks wrong, ping the SSA.
Also, double-check to confirm your expected benefits look accurate based on your earnings.
The catch-up contribution limit for employees 50 and over is $7,500.
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