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’re required to claim benefits as soon as you retire.’

The fear of missing out on retirement benefits is probably what started this myth. You should only claim benefits immediately (when you turn 62) if you absolutely must. That’s because you’ll see penalties if you don’t wait for your future retirement age. 
Wait until you’re 70, if you can. That way you’ll gain even more money. Of course, not everyone is able to do this. 
At any rate, don’t fall for these myths and start collecting when you feel it’s right for you. But also, you should know that there’s no point in waiting past 70, as you won’t be gaining anything more after that age.
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Your email address will not be published.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

  • A senior woman looking thoughtfully at her phone in a bright, modern home office. 6 Social Security Scams You Need to Pay Attention to
  • A happy retired couple enjoying the sunset on a beautiful porch. 8 States to Retire For Less Than 45K a Year
  • A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town. 10 Countries to Retire Where $150K Is More Than Enough
  • A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work. 20 Great Part-Time Jobs For Retirees
  • A senior couple smiling while looking at a tablet in a bright, modern kitchen. 5 Crucial Medicare Changes Coming Soon
  • A senior couple happily unpacking groceries in a bright, modern kitchen. 9 Ways to Shop at Costco Without a Membership
  • A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement. 10 Best Places to Retire That Won't Break the Bank
  • An older man confidently using a laptop in a sunlit home office, symbolizing digital security. 7 Common Passwords To Avoid
  • A retired couple looking out a window in their bright, downsized modern home. 11 Mistakes to Avoid When Downsizing Your Home
  • A retired couple smiling on a balcony overlooking a scenic coastal village at sunset. 12 Best Countries to Live Perfectly Well on Social Security

Newsletter

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

Related Articles

11 Reasons Why Baby Boomers Aren’t Prepared To Retire

An unclear vision of the retirement date  There are two categories of boomers in this…

Read More →

30 Electronics That Are Hiking up Your Electric Bill for No Reason

Modem Do you need internet access when you sleep? No, we didn’t think so. Save…

Read More →

7 Facts About How Corona Virus Really Affects Your Retirement Savings

Don’t Make Major Financial Decisions in a Panic The worst thing you could do during…

Read More →

30 Shocking Retirement Facts to Help You Prepare Your Nest Egg

6. Who Matters More Than What Merrill Lynch recently did a study on seniors’ leisure…

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 →

10 Things You’ll Spend A Lot On In Retirement

Daily Expenses Retirement life, for most people, is not that different from their pre-retirement one.…

Read More →

12 Huge Financial Mistakes Most Seniors Make Before Retirement

Prioritizing Money Over Your Time There’s a movement going around where people want to retire…

Read More →

12 Common Money Myths You Need to Forget You’ve Ever Heard

The more expensive the product, the better its quality A higher price tag does not…

Read More →

Working During Retirement? 11 Smart Tips for Seniors!

Consider Health Insurance Even if you don’t know the exact price of your medical bills…

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.