American

Former President Eligible Since 2008, But Didn’t Claim Social Security by 2020 Return

Donald Trump’s decision to forgo Social Security benefits through 2020, despite being eligible since 2008, offers a powerful lesson in retirement strategy. His 2020 tax return revealed he chose to delay, a move that leverages Delayed Retirement Credits to secure a larger monthly payment—up to 8% more per year—and avoids taxes on benefits for high earners. This financial choice, also made by the Clintons, highlights a key, personal decision every American faces when planning for retirement.