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1 Social Security Mistake That Could Dramatically Reduce Your Benefits


Nearly everyone wants to maximize their Social Security checks, but because the program can be complicated and confusing, sometimes it's tough to know exactly how to make the most of your benefits.

More than 90% of Americans age 50 and older don't understand what factors affect the maximum Social Security benefit amount they can receive, a survey from Nationwide found. If you're unsure of how your benefits are calculated, you may unknowingly be making mistakes that could reduce the amount you'll receive. And there's one factor, in particular, that can significantly affect how much you'll collect in benefits.

Image source: Getty Images.

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Source Fool.com


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