5 Social Security Misunderstandings That Could Cost You

About a quarter of all married couples and almost half of all unmarried persons rely on Social Security to provide at least 90% of their income. Yet, while many retirees need Social Security to cover their basic costs of living, must people don't actually understand how Social Security works -- in fact, 91% of near-retirees who don't understand how to maximize Social Security benefits. Misunderstandings about Social Security can cost you real money.

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