The Biggest Social Security Mistakes Retirees Make in Their First Year

Key Points Social Security benefits are an important source of income but the rules can be confusing. If you don't understand how your benefits work, you could end up costing yourself money. This can be an especially big issue the first year if certain Social Security rules catch you off guard. The $23,760 Social Security bonus most retirees completely overlook › Social Security benefits are often a critical source of income for seniors, many of whom depend on these benefits to supplement income from retirement plans . Unfortunately, there are many confusing rules related to Social Security benefits that far too many retirees don't really understand.