Social Security is an important source of financial well-being among older Americans. Nearly 90% of retired workers say they depend on benefits to some degree, and roughly 40% get at least half of their income from the program. Those statistics make it imperative that current workers understand Social Security.

Unfortunately, research consistently uncovers problematic knowledge gaps across the adult population. Read on to see four Social Security mistakes that could cost retirees thousands of dollars.

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Source Fool.com