Maximize Your Social Security Benefits by Waiting to Claim Them

Social security is a great thing for older Americans. Some retirees wish they were getting a little more money from the government. Well, it’s possible—and smart—to maximize what you receive when you retire. Social security expert Brian Doherty explains the possibilities in this report base on his book “Getting Paid to Wait.”

Brian Doherty

Brian Doherty

Doherty explains that people can maximize their social security by waiting as long as possible to get paid. The ideal thing is to wait until age seventy to claim benefits. Unfortunately, says Doherty, most people don’t wait. His objective is to show people a way to wait for their benefits that is easier. And, he adds, people can receive income from social security while they are waiting.

In Doherty’s opinion, longevity should be the first thing on people’s minds when they are thinking about claiming their social security benefits. Most of us will live longer than we think. “People tend to underestimate their life expectancy by about five years.” Too many of us focus on dying too young instead of living too long. That’s the reason a lot of people claim their benefits too early.

Dying young, Doherty points out, isn’t the problem; it solves all the problems. If you live too long, maintaining your quality of life becomes a challenge. The way to overcome the longevity issue is to get as much lifetime income as possible. Since social security is one type of lifetime income, people should look at ways to maximize that income source.

Doherty makes a point that most of us don’t realize: People can get paid to wait to claim their social security benefits. Many experts suggest that people should wait until their late seventies to claim their benefits. Most people don’t do it “because they don’t think it pays to wait.” Doherty’s book explains a number of claiming strategies that people can use to get the most money while they wait to claim—and thus maximize—their social security benefits. “Everybody should be aware of these strategies before they claim their social security benefits.

Brian Doherty is the author of a new book “Getting Paid To Wait,” which reveals his groundbreaking strategy on how to maximize Social Security benefits. He is a nationally-recognized expert on Social Security claiming strategies and a top-rated speaker and media commentator on this topic. He began his career as a financial advisor with Dean Witter. He is President of Filtech, a consulting company specializing in Social Security claiming strategies. The Legal Broadcast Network is a featured network of the Sequence Media Group.