3 Social Security Mistakes That Could Cost You a Fortune

3 Social Security Mistakes That Could Cost You a Fortune

How much do you plan to rely on Social Security in retirement? Hiding income you've earned won't just get you in trouble with the IRS; it could also result in a lower Social Security benefit during retirement. Your motivation might be to save on taxes, but in doing so, you'll also have a lower annual income added to your Social Security earnings record which, in turn, will result in a lower retirement benefit.