This Social Security Mistake Could Wreck Your Retirement -- and 49% of Americans Risk Making It

There's a pretty good chance Social Security will end up becoming a retirement income source you depend on a lot, so it's important to be strategic when filing for benefits.

But before you can even begin to think about claiming benefits, it's essential that you understand the rules involved. And recent data reveals that Americans are sorely misinformed about one key Social Security rule that's an important one to understand.

One positive thing about Social Security is that seniors get a choice as to when to file. Now you're entitled to your complete monthly benefit -- without a reduction -- once you reach full retirement age, or FRA. That age is either 66, 67, or somewhere in the middle, depending on your year of birth.

Continue reading

Source Fool.com