Latest News
Top Ten mistakes when filing for Social Security
While some retirees are simply uninformed, others are dangerously misinformed about Social Security. Unfortunately, when it comes to your retirement years, what you don’t know can hurt you. These misconceptions can prevent you from taking the steps that are well within your control to help maximize this important benefit. Here are 10 costly mistakes retirees often make about their Social Security benefits.
Mistake 1: Underestimating your Social Security benefits. Rather than ignoring this retirement resource, you should embrace it. Like many retirees, Social Security will become the centerpiece of your retirement income. You need to understand how to maximize your Social Security benefits during retirement—which will often last for a third of your life. Like most new retirees, you have been paying into Social Security far longer than you have contributed to your defined contribution plans. You need to consider both as critical sources of your retirement income. Read more…