3 Social Security Myths That Could Ruin Your Retirement
Millions of seniors today look to Social Security as a major source of retirement income. For many, in fact, it's their only source.
Now ideally, that won't be the boat you land in. Retiring on Social Security alone could mean subjecting yourself to years of financial struggles. A much better bet is to plan to retire with different income sources at your disposal, including money in a savings plan, different investments, and even part-time work, if that makes sense for you.
But either way, there's a good chance Social Security will play a big role in your retirement. And so it's important to file for benefits strategically. But if you buy into these three dangerous myths, you could end up claiming benefits at the wrong time -- and shorting yourself as a result.
Source Fool.com
