Separate Social Security facts from fiction to make the most of your benefit during retirement.
SOCIAL SECURITY benefits are likely to be a big part of your retirement plan. Around 65 million Americans will receive more than $1 trillion in benefits during 2020, according to the Social Security Administration. Yet understanding exactly how this program works, as well as the best time to start taking benefits, isn’t always easy.
Here are some of the most common misconceptions surrounding Social Security:
Social Security will fully fund my retirement.
Taking benefits early is best.
See the full list here:
Written by US News & World Report
By Rachel Hartman