This Social Security Mistake Could Cost You Thousands

Retirement is more expensive than ever, and if your savings aren't keeping up, you're not alone: The average retirees in the U.S. are expected to outlive their savings by around 10 years, according to a study from the World Economic Forum.

If you run out of cash before the end of retirement, you may have to resort to depending on your Social Security benefits to make ends meet. But there's a lot of confusion surrounding Social Security, and not everyone knows how to maximize monthly benefits. And sometimes, just one mistake could ultimately cost you thousands of dollars.

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Source Fool.com