Ep 5: Busting Five Social Security Myths
Wealthy Habits Podcast
English - July 02, 2020 09:00 - 19 minutes - 28.3 MBInvesting Business News Business News 401k finance ira iowa retire advisor daveelizondo druekampmann financial money Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Many people to think too far ahead when it comes to Social Security, but it’s a chunk of your income that you’ll depend on in retirement. Make sure you get it right by steering clear of these five myths about the program.
Read more and get additional financial resources here: https://www.truefinancialpartners.com/podcast/
Today's show schedule:
1:45 – Myth 1: The Social Security Administration is going to help you make the best decision to when you should start your benefit.
4:52 – Myth 2: Stay-at-home parents won’t receive any benefits since they didn’t work enough outside of the home.
7:09 – Myth 3: You won’t pay taxes on Social Security because you’ve been paying taxes on that money throughout your life as you paid into the system.
8:49 – Myth 4: There won’t be any Social Security money left by the time you retire.
9:39 – Three significant changes to Social Security since it began.
14:26 – Myth 5: Claim your benefit as soon as you’re eligible.