3 Seemingly Innocent Social Security Mistakes That Could Really Hurt You
You'll probably rely on Social Security to pay your retirement expenses to some degree. It may be a minor degree if you have a lot of money in savings and investments, or it may be a significant degree if you kick off your senior years with no pension and little money in an IRA or 401(k). But either way, your goal should be to get the most money from Social Security you can, and avoiding these seemingly minor mistakes could be your ticket to doing just that.
You might assume that it's a good idea to sign up for Social Security at the same time you enroll in Medicare. And in fact, the place you'd go to sign up for Medicare is none other than the Social Security Administration's (SSA) website. But while Medicare eligibility begins at age 65, full retirement age for Social Security kicks in a year or two later, depending on your year of birth. As such, if you file for Social Security right when you're first eligible for Medicare, you'll end up slashing your monthly benefit -- for life.
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Source Fool.com
