Turning 60 This Year? A Weird Social Security Rule Means COVID-19 Could Cost You Thousands Over Your Lifetime
For most Americans, Social Security checks are one of the most important sources of income in retirement. Unfortunately, if you're turning 60 this year, your checks may be smaller than they would be if you hit this milestone birthday at any other time but in 2020.
The sad fact is, for those who are hitting 60 during the time of the coronavirus, there's a quirk in the Social Security Administration (SSA) benefits formula that could cost them thousands.
Here's what the problem is.
Source Fool.com
