Don’t Let These 4 Social Security Surprises Ruin Your Retirement
Christy Bieber reminds readers that you could find yourself with a significant financial shortfall in retirement by overestimating what Social Security will pay you. She notes it’s best to understand the truth about and have the facts on the program sooner rather than later so these four surprises don’t catch you off guard: 1. The average Social Security benefit isn’t very high; 2. Your benefit will replace only 40% of pre-retirement income; 3. Claiming early could mean a big benefit cut; 4. You could be taxed on some of your Social Security income. Read the full article here.