3 Harsh Social Security Truths That Could Derail Your Retirement Security
Be sure you know the truth about Social Security before you end up with serious retirement regrets.
Social Security plays a pretty big role in many people's retirement planning -- and with good reason. Benefits can start as young as 62; the income the benefits offer is guaranteed for life; and periodic Cost of Living Adjustments (COLAs) help ensure that seniors can keep up with rising prices.
However, while you can and should expect to rely on Social Security, you also need to be realistic about the role that it will play in funding your retirement. Specifically, there are three harsh truths you need to be aware of when it comes to these benefits, and if you don't know these simple facts, your retirement security could be derailed.
Here's what you need to know to make informed choices about what Social Security is going to do to help you as a senior.
