This Extremely Common Social Security Mistake Could Cost You $4,560 Per Year

If you're going to be relying on Social Security to any extent in retirement, it pays to understand as much as possible about how the program works. That's often easier said than done, as Social Security can be incredibly complex and confusing at times.However, if there's one factor to fully grasp, it's your full retirement age (FRA) and how it will affect your benefit amount. There's one extremely misunderstood component of the FRA, and it could cost the average retiree around $4,560 per year.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool