3 Social Security Mistakes That Could Cost You a Fortune
About two-thirds of Americans worry about the Social Security system, as it's supposed to start running a deficit soon -- and fully 41% worry a great deal, per a 2019 Gallup poll. In 2015, about half of surveyed non-retirees didn't expect that Social Security would be able to pay them a benefit in retirement.
Social Security isn't on the most solid ground at the moment, but the situation isn't as dire as many think. One worst-case scenario is that retirees in a few decades may only collect around 75% of what they're due. (The expected shortfall can relatively easily be more than corrected, if our representatives in Washington choose to do so.) Still, it's reasonable to worry about losing out on Social Security money, because for most of us, it will be a major income provider in retirement, if not our main source of income.
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Source Fool.com
