5 Social Security Misunderstandings That Could Cost You
Social Security is a massive retirement plan, as most American senior citizens are receiving, or will eventually receive, Social Security benefits. However, there is much about the Social Security program that's often misunderstood. Here are five particularly troubling misconceptions about Social Security that could end up costing you money.
This is a common, but understandable misconception. Many employers use 65 for their full retirement age, 65 is also the age of eligibility for Medicare, and 65 used to be the Social Security full retirement age, so it makes sense that people may get this confused.
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Source: Fool.com