When it comes to Social Security, misinformation runs rampant. The above article tackles 3 common Social Security myths:
- My monthly retirement benefits will mimic my former monthly earnings
- If I file early and reduce my benefits, they’ll be bumped up once I reach full retirement age
- I can cancel my benefits and file again later
No matter where you are in your retirement planning, it pays to educate yourself (and your loved ones) on the Social Security system.