40% of Americans Could End Up Making This Social Security Mistake

In a recent AARP survey, 40% of Americans aged 18 and over said they plan to look to Social Security to provide a substantial source of retirement income. Many seniors go into retirement assuming they can fully or mostly get by on Social Security. There's no exact income replacement formula to follow, because the amount of money you'll need in retirement will depend on the lifestyle you choose and the area in which you choose to retire.