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4 Social Security Mistakes You Can't Afford to Make


Around 44.5 million retired workers receive a monthly benefit check from the Social Security Administration. While the average benefit isn't very big (just $1,503 per month in 2020), Social Security remains a very important source of income for most retirees. In fact, millions of seniors rely on their benefits to provide some -- or even all -- of their income. 

Since chances are good your Social Security benefit will be an important source of retirement funds, you need to make sure you avoid errors that reduce your benefit. Here are four major mistakes that you can't afford.

Image source: Getty Images.

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Source Fool.com


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