Retirees in These 10 States Risk Losing Some of Their Social Security Checks
Social Security is a central piece to most Americans' retirement plans. Around half of retirees 65 or older receive at least 50% of their household income from their monthly benefit checks, according to data analyzed by the Social Security Administration. So the thought of losing even a portion of those benefits could have a drastic impact on many people's budgets in retirement.
Unfortunately for those living in 10 states, there's a chance they'll see a reduction in their Social Security checks. Depending on your income, the state government may impose income tax on a portion of your benefits.
Here's what you need to know.
Source Fool.com
