Social Security Fact or Fiction

The Retirement Show: Your Life, Your Money with Scott Sierens

Navigating Social Security can feel confusing. With a sea of information out there it’s hard to discern what’s fact and fiction. In this episode, Scott addresses five common statements about Social Security and breaks down whether they’re true or false.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:04 – Average retirement spending for 65-year-old

7:47 – Social Security taxes

13:39 – Taking Social Security when you retire

18:05 – Keeping all Social Security benefits when a spouse passes

20:30 – Penalties for working and taking Social Security

24:29– Collecting Social Security at 70 vs 62

Article – Retirement Planning: How Much the Average 65-year-old Retiree Spends Monthly

https://www.nasdaq.com/articles/retirement-planning%3A-how-much-the-average-65-year-old-retiree-spends-monthly

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