Before making your benefits claim this year, it's worth reviewing your career history. Specifically, you'll want to see if you've worked for at least 35 years. That's because of how the Social Security benefits formula works. Although most people only need a 10-year work history to qualify for benefits, your payment amount is calculated based on average wages in the 35 years when you earned the most money.
Ideally, you'll want to avoid this outcome and be sure you work for at least 35 years. Many people will actually want their careers to last a little longer. That's because your salary often goes up over time. If you make more now and put in an extra year or two on the job, you can push out some of your lower-earning years from your benefit calculation.
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