Retirees In These 12 States Risk Losing Some of Their Social Security Checks
Many, if not most, people would agree that Social Security benefits are not enough to live on. After all, benefits only deliver an average of about 40% of pre-retirement income for medium earners and about 27% for maximum earners. The average monthly Social Security benefit was recently just about $1,666 -- roughly $20,000 per year.
The news is a little worse than that, though -- because if you live in one of 12 states, your state may tax your Social Security benefits, leaving you with even less.
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Source Fool.com
