Millions of Americans look forward to the day they can claim their Social Security benefits and start enjoying retirement income from this entitlement program they’ve contributed to throughout their careers.
These checks from the Social Security Administration are often an important source of income for older Americans, providing at least half of household income for 50% of senior married couples and 70% of unmarried retirees.
Unfortunately, close to three-quarters of Americans are currently making plans that could lead to the forfeiture of at least some Social Security benefits in retirement — if only temporarily.