Social Security: 2 Great Reasons to Work a Little Longer

Before you go, we thought you'd like these...
Before you go close icon

When you retire can have a big impact on how much Social Security you receive. In some cases, working just a little longer can make a big difference to your benefits.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at two situations where when you retire has huge implications for your Social Security benefits. Dan notes that the most important thing is making sure you have a 10-year work history to qualify for benefits in the first place; so if you're just a year or two short, it could give you a substantial reward for staying in work for a while longer. Moreover, even if you've worked more than 10 years, Dan notes that Social Security looks at a 35-year work history, so extra work can fill in the zeros in your career earnings and enhance your benefits.

How to get the absolute most out of your Social Security
When you retire is just one element of making the most of Social Security. In our brand-new free report, "Make Social Security Work Harder For You," our retirement experts give their insight on making the key decisions that will help ensure a more comfortable retirement for you and your family. Click here to get your copy today.

The article Social Security: 2 Great Reasons to Work a Little Longer originally appeared on

Dan Caplinger and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading