Top 5 Misunderstandings About Social Security

Are you ready to start taking Social Security benefits? Do you feel knowledgeable on what strategies to put in place to make the most of it or are you falling for some of these common misconceptions when it comes to Social Security?

 

Show Notes: https://theuswealthadvisors.com/2019/11/top-5-misunderstandings-about-social-security/

 

On This Episode: 

2:50 - In the News: When looking at the presidential candidates for 2020, how might they impact the market?

7:24 - Did you see this: Couple arrested for spending $120,000 accidentally added to their bank account.

11:44 - Misunderstanding #1: Social Security is going broke.

14:29 - Misunderstanding #2: You should start Social Security as soon as possible.

15:40 - Misunderstanding #3: Delaying Social Security as long as possible is usually best.

16:57 - Misunderstanding #4: The Social Security Administration can help you choose the best strategy.

17:59 - Misunderstanding #5: You don’t have to pay taxes on Social Security.