3 Surprising Social Security Rules That Could Shrink Your Benefits
Social Security is a major source of income for many older adults, and more than 20% of U.S. adults age 50 and older have no other retirement income outside of their benefits, according to a 2023 survey from the Nationwide Retirement Institute.
But thanks to a few lesser-known rules, there's a chance you may receive less than you expect. You can check your benefit amount online through your my Social Security account, but that's not necessarily how much you'll actually collect when you file.
Before you begin claiming, it's wise to make sure you're aware of these three factors that could potentially shrink your monthly payments.
Source Fool.com
