Retirees in These 9 States Risk Losing Some of Their Social Security Checks
Here's what you should do if you live in one of them.
Social Security is a crucial component of most American seniors' retirement budgets. In the most recent edition of an annual Gallup poll, 60% of retirees said the government program is a major source of income for them. Another 28% said their monthly checks were at least a minor source of income.
Ensuring you keep every penny of your Social Security benefits is essential if you're one of the 60 million Americans collecting retirement benefits. Unfortunately, retirees in nine states risk losing some of their monthly checks. Their state governments will tax Social Security benefits based on their income, cutting how much they get to keep by almost 10% in some cases.
Here's what you need to know.
