According to the Center for Retirement Research at Boston College: http://squaredawayblog.bc.edu/squared-away/misconceptions-about-social-security/ There are 567 ways for a married couple to file for Social Security benefits. Social Security is the most important source of retirement income for most workers. Yet too many older Americans lack a basic understanding of certain aspects of Social Security benefits. The U.S. Social Security Administration calculates pensions using a formula based on the average of a worker’s 35 highest years of earnings. This information is important, because each additional year of work could substitute current earnings for an early year of low earnings – or even zero earnings prior to the worker’s entry into the labor force.
According to www.ssa.gov the average retirement benefit is $1285 per month. Growing at 2% for 20 years, that’s a cumulative benefit of over $493,000.00 or almost $1,000,000.00 for a couple
Are you treating social security like it’s a million dollar decision? Here is a free tool that you can use to optimize your own benefits: http://www.bedrockcapitol.com/ssanalyze/