35% of Workers Are Making This Dangerous Social Security Mistake
Most of us are familiar with Social Security. It's a program we all pay into during our working years and collect from in retirement. Those benefits are often crucial in helping retirees stay afloat, especially those without a whole lot of savings. But Social Security is by no means designed to sustain seniors in the absence of outside income, and relying on those benefits too heavily could set you up for financial ruin during retirement.
Unfortunately, 35% of workers today risk doing just that. That's how many expect Social Security to serve as a major income source during retirement, according to a recent survey by the Employee Benefit Research Institute. But that's a mistake that could prove catastrophic down the line.
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Source Fool.com
