What’s the Social Security Bonus?

There’s no particular bonus that retirees might be able to connect with from the Social Security Administration. For instance, you won’t be eligible to get a $5,000 bonus check on top of the other benefits simply because you worked in a specific field.

It’s a known fact that Social Security doesn’t give away money to anyone, and there’s absolutely NO WAY in which you could trick Social Security into giving you more money. However, Social Security benefits are paid out according to a particular formula that the Social Security Administration came up with, which is mainly based on your lifetime earnings.

However, there are some legitimate ways in which you can effectively create a Social Security bonus for your retirement years, which is based on maximizing the benefit amount you might be eligible to receive. If you want to know how to calculate your Social Security amount, here’s what you need to know: