These Social Security Mistakes Could Destroy Your Retirement
Millions of seniors today get a large chunk of their retirement income from Social Security, and while those benefits aren't designed to sustain seniors by themselves, they're crucial nonetheless. If you expect to rely on Social Security to some degree, then it's imperative that you take steps to avoid losing out on benefits. These mistakes, however, could really cause you to struggle during your golden years.
Your Social Security benefits are calculated based on how much you earned during your highest 35 years of wages. Those wages are adjusted for inflation, and then a formula is applied that determines how much money you're entitled to a monthly basis. The problem, however, is that if you don't work a full 35 years, you'll have a $0 factored into that average for each year you're without an income, and too many $0s could bring your benefits down.
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Source Fool.com
