Dismantling 5 Top Social Security Myths in 2023

Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you're eligible is the best decision for your financial future? In this episode, we'll be debunking common myths about Social Security and answering the questions you've been curious about.

Social Security will be one of the biggest sources of retirement income for most Americans and you need to be aware of these myths before filing for your benefits. Most of the time, once that decision is made, you can’t reverse it. So let’s make sure you’re getting the most out of your benefits.

 

Here’s some of the myths we’ll address in this episode:

• The Social Security Administration will help you make the best decision about when to claim your benefit. (1:17)
• You won’t get Social Security if you were a stay-at-home mom. (5:55)
• You won’t have to pay taxes on your Social Security since you’ve been paying into the system your entire career. (10:26)
• Social Security won’t have any money left by the time I claim. (12:06)
• Your Social Security benefits are based on your last job’s salary. (16:06)

 

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Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446