Social Security can make or break retirement for many older adults. Nearly one-quarter of workers say their benefits will be their primary source of retirement income, according to a 2023 report from the Transamerica Center for Retirement Studies, so it pays to maximize your monthly checks.

That's often easier said than done, however, since Social Security can be confusing and complicated. While you don't need to know everything about the program, there are a few misconceptions that could be particularly costly.

The age at which you begin taking benefits will have an enormous impact on the amount you receive each month. To receive the full amount you're entitled to, based on your work history, you'll need to wait until your full retirement age (FRA) to begin claiming.

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Source Fool.com