Episode 213: 7 Myths About Social Security

Unfortunately, there’s a lot of misinformation that goes around when it comes to Social Security. This can lead to confusion and uncertainty among individuals planning for their retirement.

Today, David debunks seven common myths he encounters when speaking with clients and prospective clients about Social Security. Will Social Security still be around by the time you retire? Social Security is likely to undergo some changes, but that doesn’t mean it’s going away for good.

Seven common Social Security myths:

• Social Security is going broke. (1:22)
• My retirement age is 65. (4:44)
• Delayed claiming is always best. (6:41)
• Congress raids Social Security to pay for other programs. (9:24)
• My Social Security benefits are tax-free. (12:21)
• Delaying Social Security doesn’t affect my spouse’s benefit. (15:44)
• My ex-spouse’s benefits reduce my own benefits. (17:58)

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.