Social Security benefits are important to most retirees, so make sure you get the most out of it.

Many people choose to figure out how to maximize their Social Security benefits for themselves.  However, many do so to their own detriment, according to CNBC in "Bungling this retirement decision could cost you $300,000."

It has been estimated that every year, Americans receive $10 billion less in Social Security benefits, than if they maximized their benefits. Some people leave as much as $300,000 in lifetime benefits on the table, without even knowing it.

This is the result of people not choosing to retire at the right time and also not thinking about things like spousal benefits that might be a good option for them.

It is not a good idea to make Social Security decisions on your own or to rely on government employees to tell you how to get your maximum benefit.

You need to talk to experts when making these decisions.

An elder law attorney can advise you on applying for your Social Security benefits and how to get all the benefits you have earned.

Reference: CNBC (Nov. 14, 2017) "Bungling this retirement decision could cost you $300,000."