3 Social Security Misconceptions That Could Cost You Big Time in Retirement
Social Security can be a confusing subject, and many people don't fully understand how the program works or how their benefits are calculated. In fact, a whopping 91% of Americans age 50 and older don't know what factors influence the maximum benefit amount they can receive, a survey from Nationwide found.
Understanding at least the basics of Social Security is crucial, though, if you want to ensure you're making the most of your money. Even seemingly harmless misconceptions can lead to major problems, and these three myths can lead to costly mistakes down the road.
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Source Fool.com
