Over Half of Americans Are Making a Huge Social Security Mistake
Your decision about when to start Social Security affects your income for the rest of your life, so it's not a choice to be taken lightly.
Unfortunately, far too many people leave the workforce and claim Social Security benefits for the wrong reason. In fact, research from the Schroders Global Investor Study revealed 51% of Americans indicated reaching the age of Social Security eligibility would prompt them to retire -- compared to just 4% who said they'd leave the workforce as a result of hitting their financial targets for their nest egg.
There are two big problems with this approach, both of which can leave seniors much worse off than they'd be if they made different choices.
Source Fool.com
