Nearly 50% of Retirees May Not Keep All Their Social Security Benefits in 2022
Social Security benefits replace about 40% of pre-retirement income and are lower than many retirees anticipate they will be.
Unfortunately, the problem with benefits being too low to live on is compounded by the fact that around half of all retirees may not get to keep the full payments they receive from the Social Security Administration.
Why do so many retirees lose part of the retirement checks they earned by working and paying into Social Security over the course of their careers? It's simple: The federal government may take a cut of the money.
Source Fool.com