This Social Security Mistake Might Be the Biggest One You'll Make | The Motley Fool

Contributing sentiments towards policy:

60% : You can sign up for Social Security once you reach the age of 62.
54% : But if you don't wait until your full retirement age to claim Social Security, your monthly benefit will be reduced for life.
54% : So what's a realistic expectation from Social Security?
53% : But the biggest mistake you might make in the context of Social Security is thinking that your monthly benefit will be enough money to live on.
51% : It's one thing to claim Social Security early and end up with a reduced monthly benefit because of that.
50% : You may decide to wait until full retirement age to claim Social Security, so you're not looking at a reduced monthly benefit for life.
48% : It's an error that might leave you cash-strapped throughout your retirement.Millions of seniors today look to Social Security as a major source of retirement income.
48% : So, if you've yet to begin saving for your future, stop assuming you can fall back on Social Security alone and instead assess your spending and find ways to carve out money for IRA or 401(k) contributions.

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