52% of Older Adults Are Making This Crucial Social Security Mistake, a Survey Shows
Social Security benefits are a key component of most people's retirement plans, and some retirees depend on those monthly checks for the majority of their income. In fact, half of married couples rely on them for at least 50% of their retirement income, according to the Social Security Administration, and around 1 in 5 couples depends on that money for at least 90% of their income.
If the fate of your retirement hinges on Social Security benefits, it's wise to fully understand how the program works. But apparently, more than half of older adults have no idea what to expect when it comes to their monthly checks.
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Source Fool.com
