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These Social Security Mistakes Could Ruin Your Retirement


Ideally, you'll come into retirement with a nice chunk of money in your IRA or 401(k) plan. But even so, there's a good chance Social Security will provide a substantial portion of your retirement income. So the last thing you'll want to do is slash those benefits needlessly. But if you fall victim to these three mistakes, that could end up happening -- and your retirement might suffer as a result.

The monthly Social Security benefit you're entitled to collect in retirement is based on your personal earnings history. And you can claim that benefit in full once you reach full retirement age, or FRA.

FRA hinges on your year of birth, as follows:

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Source Fool.com


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