Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

11 Myths About Social Security Finally Debunked

October 14, 2019 · Saving & Spending

 ‘You should collect benefits as soon as possible.’

People who are awfully interested in nothing but investing are the ones who perpetuate this myth. They claim that instead of letting your money sit you should start perusing the market. Oftentimes, they’ll cite more scary reasons as well, like claiming that the benefits will just disappear and that the best way to protect them is to use them as soon as you can. 
It’s true that some households might need to collect earlier than others, but if you can hold off, you should. Retirees who claim as early as 62 will see a penalty, meaning that they’ll receive only 75% permanently. 
A lot of debate around the program has people worried but rest assured, you’ll still earn more money if you wait until you’re 70. 
Pages: 1 2 3 4 5 6 7 8 9 10 11 12

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • What $3,000 a Month Really Looks Like in Retirement Based on Where You Live What $3,000 a Month Really Looks Like in Retirement Based on Where You Live
  • An older couple in casual clothes sitting at a wooden kitchen table, looking at a tablet together in warm natural light. Here's What the Average Social Security Check Is in August (How Do You Compare?)
  • A retired couple walks down a peaceful, tree-lined suburban sidewalk during the warm golden hour. 10 Best Retirement Cities With Peaceful Neighborhoods
  • 10 Small Towns Where Retirees Can Live Like Millionaires 10 Small Towns Where Retirees Can Live Like Millionaires
  • An older veteran looking skeptically at a tablet showing a $10,000 XRP claim, watercolor illustration. American Veterans Are About to Receive $10,000 in XRP From Ripple - More Here!
  • A retired couple standing on a sunny balcony in Europe overlooking a coastal town at sunset. 10 Things to Know About Retiring Abroad
  • A thoughtful 68-year-old man sitting on his porch during golden hour, holding a warm mug. Here's the Average Social Security Benefit of 68-Year-Old Americans (How Do You Compare?)
  • A stylized gouache illustration of a couple walking along a path divided into Taxable, Tax-Deferred, and Tax-Free segments. In What Order Should You Tap Your Retirement Funds? (Find Out Here!)
  • An active retired couple laughing together on a wooden lakeside porch in New Hampshire during a warm autumn morning. The 10 States Where Retirees Receive the Highest Median Social Security Benefit Checks
  • A retired couple hiking hand-in-hand along a scenic desert trail lined with cacti during a warm, golden sunset. 20 Affordable Desert Towns Retirees Are Falling in Love With

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

A happy senior couple enjoying a bright, modern kitchen together.

15 Things That Make Seniors’ Lives Easier

Discover 15 practical tools, home modifications, and services designed to simplify daily routines, enhance safety,…

Read More →

If You Want to Retire Early Cut These 5 Expenses Now!

Shelter With U.S. households costing Americans an average of  $11,747 (in 2018), it’s no wonder…

Read More →

13 Truths About Retirement No One Wants To Talk About

Your golden years may come with some unexpected issues if you haven’t managed to plan…

Read More →

10 Things You’ll Need To Give Up Now for a Comfortable Retirement

Your daily coffee There are various opinions regarding one’s daily latte. Some financial experts claim…

Read More →
A retired couple smiling while looking at a tablet on a sunlit patio.

27 Best Things to Do with Your Money as a Retiree

Discover 27 practical and actionable strategies to optimize your income, protect your wealth, and confidently…

Read More →

30 Shocking Retirement Facts to Help You Prepare Your Nest Egg

1. Social Security Benefits Won’t Be Enough This is one of the big ones, because…

Read More →
A smiling retired couple enjoying a peaceful morning on their sunny outdoor deck.

11 Expenses You No Longer Need in Retirement

Discover the 11 major expenses that disappear in retirement, from commuting and payroll taxes to…

Read More →
A retired woman sits thoughtfully at her sunlit kitchen table, reviewing papers and bills with a warm mug of tea nearby.

16 Things Retirees Often Overpay For Without Realizing

Discover 16 everyday expenses and hidden financial fees draining your retirement savings, plus actionable strategies…

Read More →
An active senior couple happily taps a transit card to board a modern city light rail train during warm afternoon light.

Why Some Retirees Are Eligible for Free or Reduced Public Transit Passes – See If You Qualify

Learn how retirees can drastically lower their transportation expenses by qualifying for free or reduced-fare…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.