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Social Security: 2 Great Reasons to Work a Little Longer

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.


Read/Post Comments (3) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On April 04, 2014, at 8:48 PM, Disgustedman wrote:

    Yes, yes. Work longer...Work until your body gives out and you DIE!! SS will appreciate it....

  • Report this Comment On April 05, 2014, at 11:46 AM, Mathman6577 wrote:

    All of these recommendations for SS never consider quality of life issues and involve financial projections that may or may not be accurate.

    I know many more people that have died soon after retirement than those that that've lived to be 95.

  • Report this Comment On April 05, 2014, at 2:55 PM, JohanStrauss wrote:

    One BEST reason to retire early: I don't have that many years left on this rock.

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Dan Caplinger
TMFGalagan

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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