This Social Security Mistake Costs Some Married Couples More Than $500,000

Last year, Social Security paid more than $1 trillion to 64 million Americans. Social Security benefits are a vital source of funds for seniors, accounting for about half of all income for 50% of married couples and 70% of singles. 

Unfortunately, many retirees are getting far less money from Social Security than they could be. That's because 62 is the most popular age to start benefits -- but claiming this early comes at a cost. 

Image source: Getty Images.

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Source Fool.com