The 1 Simple Mistake That Could Cost 70% of Social Security Beneficiaries an Average of $12,000 Every Year
For the vast majority of retirees, Social Security is an indispensable source of income. Over more than two decades, pollster Gallup has surveyed retired workers to gauge their reliance on America's most successful retirement program. Every year, between 80% and 90% of respondents have claimed that their Social Security income is, in some capacity, necessary to cover their expenses.
Given how important Social Security income is to today's retirees, it's only logical that future beneficiaries would want to do everything possible to maximize what they'll receive. Yet one common misconception about the program could have up to 70% of retirees leaving as much as $12,000 in Social Security benefits on the table every year.
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Source Fool.com
