3 Costly Mistakes That Could Shrink Your Social Security Checks

Sunday, 10 March 2024, 05:45

Learn how to avoid common mistakes that could reduce your Social Security benefits. Find out about earning limits, spousal benefits, and the importance of putting in 35 years of work. By understanding and addressing these issues, you can protect your retirement income and secure your financial future.
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3 Costly Mistakes That Could Shrink Your Social Security Checks

Earning too much before full retirement age

If you work while receiving Social Security benefits, you risk losing benefits temporarily due to income limits.

Not looking into spousal or survivor benefits

Discover the potential benefits available through spousal or survivor benefits on your spouse's work history, even if divorced.

Failing to put in 35 years on the job

Qualifying for significant Social Security benefits requires 35 years of work to ensure a higher average wage and appropriate benefits.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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