These Social Security Mistakes Could Really Wreck Your Retirement
In an ideal world, you wouldn't be counting on Social Security for the bulk of your retirement income. Most seniors need 70% to 80% of their former paychecks to live comfortably once they stop working, and Social Security will replace about 40% of that sum among average wage earners.
But still, that 40% is a substantial sum, and as such, it pays to get the most money out of Social Security as you can. But if you fall victim to these mistakes, you could wind up hurting financially during your senior years, especially if you enter that stage of life without much in the way of personal savings.