Who wants to get a 50% increase on your Social Security check? Believe it or not, it’s possible and legal. As I mentioned before, my financial controller has a friend that has a new baby at age 65. When he went down to sign up for Social Security, he was informed that because he has an underage child, the child is entitled to half the amount he draws. That translates to a 50% raise in benefits.
So, there you have it. All you old people have to do is have a baby.
It would take a million percent increase for me.
And, I’d have to think about it for a long time - like a million years.
PMO
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